what is loan of hypothecation
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Answer Posted / venkat reddy da nda
Loan of hypothecation, the borrower applies for the loan
whether the application made is in the boundary line of the
organisation, taking the proper help of documents provided
by the organisation. Necessary documents are attached or
not. Most important thing is the eligibility of the
borrower to refund the loan. According to Maharashtra State
Co-operative Credit Society Act 2002 the borrower is
required to be the member /nominal member of the
organisation. Borrowing limit is up to 25 Lakhs.
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