loan on trust property

Querist : Anonymous (Querist) 03 August 2011 This query is : Resolved
hellow sir ,
we are running trust and we want to take loan on the property of the trust,now we have 80 rooms and we want to build the shopping complex over there in 4000sq feet,so income will rise,want sugession can we get loan,and if yes then what doccuments are required?

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Advocate Rajkumarlaxman (Expert) 03 August 2011
you can get loan. catch hold of local bank officials for loan documents but on the face you need is 3 years it returns. source of income and loan repayment mode and collateral security i.e papers of the land in the name of the trust and resolution f the members and acceptnce of all members for loan

M/s. Y-not legal services (Expert) 04 August 2011
Already replied for this query..

Nagesh Rudrakanthwar (Expert) 06 August 2011
We have already replied to your query, that
you needs to submit past 3 years return also needs to submit project report on the conceived business idea with envisioned benefits sought from the project.

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