Banking surrogate -
12 month Banking required for loan upto 3Cr and 18month for loan from 3cr - 5cr
- Max Loan - 5cr
- LTV - Normal
- Tenure - 20yrs max
- Business Vintage - 3yrs upto 1cr
- 5 yrs above 1cr
No financial required for Loan upto 3cr. For loan more than 3cr, 50% loan eligibility to be from Financials.
ADB - 2 times upto 1cr
- 2.5 times 1cr- 3cr
- 3 times above 3cr
Annual credit summation - 1 time upto 1cr
- 1.5 times for 1cr-3cr
- 2 times for 3cr-5cr
3 business transactions per month mandatory
GST Surrogate
- Max Loan - 2cr
- FOIR - 65%
- Tenure - 20 yrs
- LTV - As per norms
- Cibil to be greater than 750
- 75% turnover to be in banking
- Business Vintage - 5yrs
- Min turnover - 75 Lacs for Manufacturers
- 60 Lacs for Traders
- Business Margin - 8%
- Average Monthly Balance - 1.5 times of EMI
*Only for Manufacturers and Traders
Gross Receipts
For Doctors , CAs and Architects
- Max Loan - 3cr
- FOIR - 60%
- LTV - As per Norms
- Tenure - As per Norms
- Cibil to be more than 750
- For Doctors and CAs - 5 times of cash profit
For Architechts -
- 3 times of Cash Profit
- Lower of Actual Gross receipts and multiplier
- Average Monthly Balance - 1.25 times
- 75% of receipts to be in Banking
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