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12 - Income Eligibility Norms - SE Customers ( Banking )

Credit Norms & Illustration : Based on Banking Transactions
Illustration : Mr. Balbir having authorized motor parts shops in Delhi wants to avail home loan under
Banking Based Program. He has a car loan with balance tenure of 28 months paying an EMI of Rs.26572.
He wants maximum loan for tenure of 20 years @ 9 % p.a.
Mnth /Day 5th 15th 25th 30th Total

1.April 35,579 36,031 35,458 39,097 1,46,165
2.May 14,097 37,562 24,560 19,430 95,649
3. June 12,363 14,796 19,586 24,753 71,498
4. July 33,712 67,147 48,000 77,484 2,26,343
5. Aug 1,0,4423 1,00,589 86,947 52,989 3,44,948
6. Sept 52,083 54,312 67,540 1,20,447 2,94,382
Total = EOD Balance for six months 11,78,985
Loan Eligibility
Credit Norms % Income Calculation Amt.
Criteria Considered (Rs.)
As per policy - EOD
Imputed Bus. bal. of six mths ( 11,78,985 (
Income = AAB 100% 11,78,985 49,124
divided by 24 24
Max. FOIR Max. EMI as a % of 50% (50% x 49,124) 24,562
ABB
Max. Loan Max. EMI Payable ( 24562 27,29,111
possible EMI per lakh 900 ( x 1,00,000

* EMI per lakh for tenure of 20 years @ 9% p.a. is Rs.900
Note
* Max. of 3 CA considered. SA with approval * Min. 36 customer initiated transactions
*Positive net worth as per financials *EMI from account considered for ABB
* EMI being paid from banking used to compute ABB should be excluded from total debt obligation if the
repayment of these EMIs are 6 MOB or more

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