Cc limit

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Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2016 What should be the ratios and other parameters in order to get cc limit of 8 lac?

Unnikrishnan B

Unnikrishnan B (Expert)
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19 September 2016 You should have more than 40 lakhs net turnover as per projected balance sheet
TThe bank consider the following ratios
1,Current ratio
2,Quick ratio
3,net profit to tangible net worth ratio
4,return on investment
If company the ratios like EPS,dividend payout also considers
This is a general reply.

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2016 I wanted to ask what should be the ratios. Eg. 1:1.33 etc

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Unnikrishnan B

Unnikrishnan B (Expert)
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19 September 2016 It differs .I cannot tell you the ratios if different banks
If you are going for a lian
Kindly ensure the following
1,Good civil rating
2,Do not cone under RBI defaulters list
,If you are a company then ensure the directors CIBIl as well as Credit history if the company is okay
4,Projection should be based on the current balance sheet
A prudent manager can reject the loan application when there is wide difference between actual B/S and the projection
Kindly visit a professional in your area and discuss it

Unnikrishnan B

Unnikrishnan B (Expert)
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19 September 2016 Banker cannot disclose the ratios publicly.
A manager can find loopholes even though your ratios are correct