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    Business Loan Policy

    Uploaded by

    niteshparewa372
    1. The document outlines 5 business loan programs with eligibility criteria including minimum business turnover, income thresholds, bank balance requirements, and document requirements. 2. Programs provide loans up to amounts ranging from Rs. 5 lakh to Rs. 75 lakh, with tenures of 12-36 months. Eligibility is determined based on factors like average bank balance, cash profit, rental income, GST returns, and existing loan repayment history. 3. Required documents include application form, KYC, bank statements, income tax returns, GST returns, and proof of business/property ownership. Loans are only provided to individuals between ages 22-68 who meet the qualifying criteria for each program.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Business Loan Policy

    Uploaded by

    niteshparewa372
    43 views7 pages
    1. The document outlines 5 business loan programs with eligibility criteria including minimum business turnover, income thresholds, bank balance requirements, and document requirements. 2. Programs provide loans up to amounts ranging from Rs. 5 lakh to Rs. 75 lakh, with tenures of 12-36 months. Eligibility is determined based on factors like average bank balance, cash profit, rental income, GST returns, and existing loan repayment history. 3. Required documents include application form, KYC, bank statements, income tax returns, GST returns, and proof of business/property ownership. Loans are only provided to individuals between ages 22-68 who meet the qualifying criteria for each program.

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    Business loan policy

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    1. The document outlines 5 business loan programs with eligibility criteria including minimum business turnover, income thresholds, bank balance requirements, and document requirements. 2. Programs provide loans up to amounts ranging from Rs. 5 lakh to Rs. 75 lakh, with tenures of 12-36 months. Eligibility is determined based on factors like average bank balance, cash profit, rental income, GST returns, and existing loan repayment history. 3. Required documents include application form, KYC, bank statements, income tax returns, GST returns, and proof of business/property ownership. Loans are only provided to individuals between ages 22-68 who meet the qualifying criteria for each program.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    43 views7 pages

    Business Loan Policy

    Uploaded by

    niteshparewa372
    1. The document outlines 5 business loan programs with eligibility criteria including minimum business turnover, income thresholds, bank balance requirements, and document requirements. 2. Programs provide loans up to amounts ranging from Rs. 5 lakh to Rs. 75 lakh, with tenures of 12-36 months. Eligibility is determined based on factors like average bank balance, cash profit, rental income, GST returns, and existing loan repayment history. 3. Required documents include application form, KYC, bank statements, income tax returns, GST returns, and proof of business/property ownership. Loans are only provided to individuals between ages 22-68 who meet the qualifying criteria for each program.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Business Loan Policy


    1.BANKING SURROGATE
    Program Features:
    Loan amount up to Rs. 30 Lakh. (Minimum loan amount Rs. 5 Lac)
    Eligibility basis average bank balance (ABB) of last 6months, balances to be
    calculated on 5th, 15th and 25th of the month.
    Maximum 2 Current account can be Clubbed for Calculating ABB and Credits of
    same entity for calculating Eligibility
    Tenure Minimum 12 and Maximnum 36 months.

    Qualifying Criteria:

    Minimum Business Turnover 1Cr. or 50 lakh credits in last 6months in banking (Max turnover
    Rs. 75 Cr)
    ITR income of Rs 2.50 1acs as per latest ITR. (ITR to be collected with computation of Income)
    Minimum 3Yrs. business stability (to be documented).
    6business transactions (Dr. &Cr.) should be reported every month.
    C
    Minimum ABB for last 6months - Rs. 1 Lac per month (Maximum two Current account clubbe
    Minimum Credit for last 6months Rs 3,00,000 Per Month. Only business transactions, no Loan
    proceeds or one-time transactions willbe considered.
    Only one bounce Allowed in latest 6 months, No Emi bounce in last month
    Age minimum 22 to 68

    Eligibility Caleulation:

    Eligibility will be calculated basis Average Bank balance maintained in Business account.
    Eligibility Fomula =(Average Bank Balance / 4) / Per Lac EMI =Gross Eligibility
    Loan Obligation All unsecured loans with vintage <12 months and secured loans <6 months
    vintage to be factor as - Loan Tenure - Vintage *Emi Amount)
    All unsecured loans with vintage > =12 months and secured loans with vintag
    >=6months should not be considered for obligation
    Existing EMIs repaid from same banking should not be obligated (if loan take
    with in last 6 months to be considered as obligation)
    Documents: -1 BANKINGSURROGATE

    Application form duly filed with photograph


    ·KYC documents as per YBL policy
    Last 12 months bank statement
    Latest year ITR, computation of income and P&L.
    Proof of Ownership of Residence/Office.
    ·Proof of Business Entity (like sales tax registration, shop establishment etc)
    2. CASH PROFIT METHOD

    Program Features:

    - Loan amnount up to Rs. 75 Lakh. (Minimum loan amount Rs. 5 Lac)


    - loan Eligibility or DSCR which is to be lower.
    - Tenure 12 -48 months.

    Qualifying Criteria:

    - Minimum Business Turnover 1 Cr.,max turnover 150 Cr


    -3 Yrs. Continuity (2.5 Yrs for Loan amount upto 25 lacs)
    - DSCR 1required (DSCR 1.25 for Loan Amount 75 lacs)
    - Minimum 40%BTO Required in last6 months banking.
    -Age minimum 22 to 68

    Eligibility Calculation:

    DSCR
    Salary + Bank Interest + Interest on partners'
    Profit after tax + Depreciation + Director/ Partners
    Capital + Salary, rent,int to relative u/s 40A(2)B)/ + Proposed EMI
    Yearly EMI + Limit Interest
    Or

    Eligibility
    remuneration/salary +½ Depreciation) + Int paid
    {(2.5 *(Profit after tax + Director/ Partner's
    relative u/s 40A (2) + Int on loan which are
    toPartner/Director + Int, rent, salary paid to not to be obligated)
    obligated} - Current Obligation (balance tenor 6 Months
    and DSCR
    Final Loan amount to be Lower of Multiplier eligibility
    Documents: CASH PROFIT METHOD

    Application form duly filed with photograph


    KYC documents as per YBL policy
    Last 6 months bank statement
    financial (Audited/ CA certified
    Latest two year ITR with COI with complete
    whenever is applicable)
    Proof of Ownership of Residence/Office establishmernt etc.).
    Proof of Business Entity (like sales tax registration, shop
    3. RENTAL SURROGATE

    Program Features:

    5 Lac)
    - Loan amount up to Rs. 20 Lakh. (Minimum loan amount Rs.Commercial
    40,000 and 75,000.
    - Eligibility Basis Rental Income from Residential
    - Tenure 12 -36 months.

    Qualifying Criteria:
    for
    for residential property and 75 thousand
    - Minimum Rent 40 thousand per month banking)
    commercial property. (to be verified through Rent agreement with 1 year
    - 2 Yrs. rental stability (to be documented).
    -Age minimum 22 to 68

    Documents:

    Application form duly filed with photograph.


    KYC documents as per YBL policy.
    Last 12 months bank statement.
    Latest two year ITR with COI
    Proof of Ownership of Residence/Office.
    Rent agreement.

    Eligibility Calculation:

    FOIR Calculations

    Rental Income > 40000 to Rs 100000 = 50% Rental


    Income > Rs 100000 = 65%

    Eligibility willbe calculated basis Rent received.

    Monthly Rental 100000


    5% TDS 10000
    Eligible Rental 90000
    FOIR 58500
    Monthly Obligation 7844
    Eligible Emi 50656
    Eligible Loan 14900000
    Amount
    4. GST Based Program

    Programn Features:
    Loans up to 50 lacs
    Tenure 12 months to 48 months
    70% of FOIR for manufacturers/Traders/Services

    Qualifying Criteria:
    maximum turnover Rs. 150 Cr
    Minimum Business Turnover 1 Cr. and
    3 Yrs. Continuity.
    Minimum 80% BTO Required.
    Age minimum 22 to 68
    ITR required minimum 2.5 Lacs

    Eligibility Calculation:
    sold)/net sales
    Gross profit Margin = (net sales- cost of goods

    Gross Profit margin to be capped at 20%


    Obligation= Maximum Permissible EMI
    (Turnover *Gross profit Margin)*FOIR 70%/12 - Monthly EMI

    Loan not obligated which EMI pending less than 12

    Documents:

    Application form duly filed with photograph


    KYC documents as per YBL policy
    Last 6 months bank statement
    Latest One year ITR with complete financial with COI (Audited Financial / CA certified
    whenever applicable)
    12Month GST return
    Proof of Ownership of Residence/Ofice
    Proof of Business Entity (like sales tax registration, shop establishment etc.).
    5. Repayment Surrogate

    Programn Features: lacs


    of INR 30
    minimum amount
    Existing LAP & Home Loan with min vintage of 12 months with
    Loan Amount Rs, 2 lacs to 20 lacs
    Age - 25 years to 65 years

    Qualifying Criteria:

    3Yrs. Continuity.
    ITRrequired minimum 2.5 Lacs
    Only 5 unsecured loan running
    months
    Norecent Unsecured loan in past 3bounce
    Min 12 EMI without any financial

    Eligibility Calculation:
    whichever is lower
    10% of LAP/HL oan or 20 lacs

    Documents:

    Application form duly filed with photograph


    KYCdocuments as per YBL policy
    Last 6 months bank statement
    Udyam registration certificate
    1Year ITR
    Latest month GST return to establish business continuity

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