Formula for calculating loan eligibility

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Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2012 Dear Sir,
I want to know how i can calculate loan eligibility of clients based on income tax return ?
i dnt wanna use online calculator i want to know logic n proper formula with full explanation

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

15 March 2012 It is differ from bank to bank.
OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2012 ok but in banks also there are EMI calculator they must be working on some logic na i want to know that logic.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

19 March 2012 You said correct in the previously it is available because then hard calculation is available but now system calculations making so that logic inserted in the software. i am sorry that type of logic i don't know. wait for any others replies who know about it. For it i am putting it as open query.
OM SAI SRI SAI JAI JAI SAI

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