Loan related issue

Reason for theRejection is that When the Returns for Past Two AYs are filed on the same date. Bankers take it as the Returns are filed only for applying the Loan. 

However if you have been filing your IT Returns for Past Many Years & if you have those then you can show that to the Branch Manager & Explain him why there was a delay in Fiing your returns for the said Two Years. If he sees your Past returns for atleast 5 Years ( Excluding the Two you have filed now & togather) He will surely consider your Proposal. Subject to satisfying all other Criterias

Thanks alot ..

I have replied to the banker that there was negligence on the part of client but he had filed his earlier return as per your bank policy....Banker referred me RBI guidelines that return should be filed in the next financial year and he simply reject the case

He is giving all such Reasons as He does not intend to do your Loan Proposal. Else RBI norms are in General & they can be Made Flexible by Bank - Bank based on the Customer Profile. You submit all the Past Returns along with the Loan Proposal & also a Letter explaining the reason for  delay in filing of your this Two Years Returns Ask the Bank Manager to put his reason for Rejection of Proposal in writting quoting the RBI Norms for which he is not accepting the Proposal. Be sure He will avoid giving that in Writing & You show him the Bankers Code & tell him Its his duty to accept the Proposal & if he is not satisfied then he has to Reject & return the Proposal with a Reason in writting for Rejection of the Proposal, But he cannot just no Refuse to take the Proposal. Try this & see he will accept your Proposal & even if he rejects it you will come to know his actual Hitch in writting

please give me solution for below ques.

one of my client has purchased truck by taking loan of Rs 6 lac from cholamandalam for which emi is rs 21500(he has kept truck related doc with  chola) and he has also taken loan of rs 6.5 lacs from private financers @ 2.5 % pm ( kept property documents with financer) and now he wants to repay loan of rs 6.5 lakh due to heavy interest rate for which he wants loan from bank but bank cant give him mortgage loan bcz average income of co- borrowers repaying capacity doesnit permit so....which type of loan is advisble..plz answer..