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13 - Liquid Income Program

Credit Norms: Based on estimated Income for Self Employed
Illustration: Mr.Saurabh is a SENP customer looking for maximum loan amount under LIP
program for tenure of 20 years @ 9% p.a.
Particulars Norms Particulars Amt.(Rs.)

Bus. Income Fin. of last 2 yrs. mandatory PAT as per audited financials 4,00,000

Cert. of Financials By CA if below audit limits PAT estimated by vendor 9,00,000

Est. PAT norms Max. three times reported PAT PAT to be considered 9,00,000

Sub-Total: Business Income per month (9,00,000/12) 75,000

Other Income Norms % Comp. of Other Calculation Amt.(Rs.)
Income
Gross Rental As per latest Rent 35,000
Agreement & B.S 100% 4,20,000 p.a (4,20,000/12)

Avg. of Int., Div.& Avg. of last 2 yrs. 100% Interest ( 4,46,000+5,44,000 ( 41,250
Com. Income as per ITR Y1=4,46,000 2 x 12
Y2=5,44,000
Sub-Total: Other Income 76,250
Other Income to Max. of Bus. Max. Other 75,000
be considered Income 100% Income 75,000
considered
Monthly Total Income = (Business Inc. + Other Inc. ) (75,000 + 75,000) 1,50,000
Loan Eligibility

Credit Criteria Norms % Income Calculation Amt.(Rs.)
Considered
FOIR Max. EMI as a % 80% 1,50,000 (80% x 1,50,000) 1,20,000
of Total Income
Less :
Existing loan EMI > 12 mths. will be Car Loan EMI
O/S other than Obligation 100% of Rs.26,572 (1,20,000 - 26,572) 93,428
BT loan
(
Max. Loan Max. EMI Payable ( 93,428 x 1,00,000 1,03,80,889
possible EMI per lakh 900*
*EMI per lakh for tenure of 20 years @ 9% p.a. is Rs.900
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