How much Bank loan eligible

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Determining your business loan eligibility from a bank involves assessing your sales turnover and net profit over the last three financial years, as declared in your Income Tax Returns (ITRs). While there's no single universal formula, financial institutions use their own criteria. Your relationship with the bank can also play a role in the final decision.

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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04 March 2021 Assess sales turnover and net profit declare (itr) show in it returns filed details mentioned last 3years below.
F.y.17-18 sales turnover Rs:7,10,000/- and net profit Rs:2,90,000/-
F.y 18-19 sales turnover Rs:7,50,000/- net profit Rs:3,50,000/-
F.y.19-20 sales turnover Rs:8,00,000/- and net profit Rs:3,90,000/-
Question:
Assess how much amount business loan eligible from bank for itr based.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 September 2021 Around 10 lakhs...

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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25 September 2021 how to calculated formula procedure

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 September 2021 There is no specific formula, all the financial institutes have their own criteria. It also depends upon your relations with the bank. So, I have given here average figure.

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