INCOME ON WHICH LOAN IS PERMITTED BY BANK.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2010
Dear sir,
What are the income on which the bank provides loan what are their requirement regarding loan.
Thanking You.
Please Reply Fast.
What are the income on which the bank provides loan what are their requirement regarding loan.
Thanking You.
Please Reply Fast.
14 June 2010
IT depends bank to bank and loan to loan terms.
Rahul Gupta
(Expert)
14 June 2010
Agree with Mr. Bansal.
Generally banks consider your GTI and the existence of your Present EMI. Normally banks provide loans upto the amount in a way that your take home pay after the consdering all the EMIs (Including the new loan) is more than 50%.
In case, of Businees or profession, along with GTI, turnover is also conseidered as one of the factor.
Generally banks consider your GTI and the existence of your Present EMI. Normally banks provide loans upto the amount in a way that your take home pay after the consdering all the EMIs (Including the new loan) is more than 50%.
In case, of Businees or profession, along with GTI, turnover is also conseidered as one of the factor.
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