How much housing loan avalibale from bank

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B.com
3025 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.

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On 26 March 2022 at 15:26 Report
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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.

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CFO- at NHTF
58280 Points Posted on 26 March 2022
It depends on bank to bank
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On 26 March 2022 at 19:08
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Profession Business
28246 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.
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On 27 March 2022 at 07:03
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CFO- at NHTF
58280 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
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On 27 March 2022 at 07:12
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B.com
3025 Points Posted on 28 March 2022
Property value based how much loan available
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On 28 March 2022 at 09:42
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Profession Business
28246 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.
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On 28 March 2022 at 10:07
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CFO- at NHTF
58280 Points Posted on 28 March 2022
Then mention zero turnover and zero profit..You will get zero loan for sure ..
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On 28 March 2022 at 11:07

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