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How much housing loan avalibale from bank

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Kollipara Sundaraiah

B.com

2405 Points Posted on 26 March 2022

A Small business non gst registered person sales of turnover rs:32 lacs in f.y. 19-20 and sales of turnover rs:35 lacs in f.y.20-21.if a person vacant site value rs:25 lacs for registered value.

Question:

A person how much housing loan avalibale as per sales turnover and site registered value received from bank loan purposes.

Replies (6)

Quick Summary

This discussion explores how much housing loan is available based on sales turnover and property value. While turnover and profit are key for businesses, banks also consider the registered value of vacant sites. Loan amounts can vary between banks, with some offering multiples of net profit, while others may base it more on property value. It's confirmed that turnover and profit are indeed criteria for loan assessment, even for individuals.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 26 March 2022

It depends on bank to bank

sabyasachi mukherjee

Profession

19978 Points Posted on 27 March 2022

It does not depend from bank to bank. It's more or less fixed. All commercial banks have to retain a certain percentage with the rbi.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 27 March 2022

Turnover and profits are the criteria for giving loans but each bank has separate rules for giving the amount of loans .

Few banks give loan of 5 times the net profit & few banks give 10 times the net profit..

It vary from Bank to bank

Kollipara Sundaraiah

B.com

2405 Points Posted on 28 March 2022

Property value based how much loan available

sabyasachi mukherjee

Profession

19978 Points Posted on 28 March 2022

Turnover and profit are not the criteria for an individual but for a company involved in infrastructure projects. Cash reserve ratio is maintained by all commercial banks with rbi.