Bank loan

This query is : Open

M. J. (Querist)
Follow

10 October 2016 is there any formula adopted by banks for availing the loans on the basis of clients ITR?? are there any common calculations on which banks rely on to provide loan amount to its customers??? how they calculate loan amount eligibility using ITR??

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 October 2016 depending upon the type of loan.....e.g. housing loan 40 times of salary

Message likes : 1 times

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Expert)
Follow

10 October 2016 Every banks have their own parameters in Appraising for a loan and own norms in considering the financial values in the ITR. Some FIs consider income as reflected in ITR and some consider whatever be the cash profit. It will depend on their rules formed.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

Bank loan

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY

CA Final

Article Assistant