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INCOME ON WHICH LOAN IS PERMITTED BY BANK.

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Querist : Anonymous

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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.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
14 June 2010 IT depends bank to bank and loan to loan terms.
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Rahul Gupta

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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.
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