Bank of Maharashtra Co Applicant Guarantor
Bank of Maharashtra Co Applicant Guarantor from Download
The Bank of Maharashtra Co-Applicant / Guarantor Form is a mandatory document used to evaluate and record the personal, financial, and occupational background of individuals supporting a primary loan applicant (518cd075-a… pp. 1, 4).
The key points of the application form are structured as follows:
1. General Rules and Personal Details
- Formatting: The entire form must be filled out using capital letters only (518cd075-a… p. 1).
- Mandatory Blocks: All asterisked (*) fields must be fully completed; if a field does not apply, write N.A. (518cd075-a… p. 1).
- Core KYC Identifiers: Captures essential identity markers including Aadhaar Number, PAN Card Number, and Driving Licence (518cd075-a… p. 1).
- Address History: Separate sections capture both current and permanent residential details, including mandatory PIN codes (518cd075-a… pp. 1-2).
2. Occupational and Income Details
- Employment Profiles: Segregates applicants into categories such as Salaried, Self-Employed, Retired, or Agriculturist (518cd075-a… p. 2).
- Industry Type: Mandates checking specific industry verticals (e.g., IT, Real Estate, Banking, Pharma) (518cd075-a… p. 2).
- Employment History: Requires a structured breakdown of the individual’s employment or business activities over the last five years (518cd075-a… p. 3).
- Income Verification: Itemizes the actual monthly income derived from salary, business setups, or other active sources (518cd075-a… p. 3).
3. Wealth and Financial Standing
- Liquid Assets: Captures current savings account balances, Fixed Deposits (FDs), and present Provident Fund (PF) balances (518cd075-a… p. 3).
- Fixed Assets: Requires locations and present market values of owned immovable properties (518cd075-a… p. 3).
- Insurance policies: Captures the current surrender value and future maturity date of active LIC policies (518cd075-a… p. 3).
4. Existing Liabilities and Legal Declarations
- Debt Tracking: Demands full disclosure of all external active loans, outstanding amounts, remaining tenures, and monthly EMIs (518cd075-a… p. 4).
- Credit Cards: Lists existing credit card issuers, overall credit limits, and latest outstanding balances (518cd075-a… p. 4).
- Credit Check Authorization: By signing, the co-applicant or guarantor explicitly permits the bank to share their history with credit bureaus and financial institutions (518cd075-a… p. 4).
- Bank Rights: The customer acknowledges that the bank can reject the form without giving any reason and retains the right to recall the entire loan advance at its sole discretion (518cd075-a… p. 4).
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