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How much housing loan avalibale from bank

Kollipara Sundaraiah (B.com) (2987 Points)

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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6 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 26 March 2022

It depends on bank to bank

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sabyasachi mukherjee (27593 Points)
Replied 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) (58275 Points)
Replied 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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Kollipara Sundaraiah (B.com) (2987 Points)
Replied 28 March 2022

Property value based how much loan available

sabyasachi mukherjee (27593 Points)
Replied 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.