Business Loan Mandatory Documents(बिज़नेस लोन के लिए अनिवार्य डाक्यूमेंट/दस्तावेज़)

Business लोन के लिए तीन अनिवार्य दस्तावेजों की आवश्यकता होती है।(There are three mandatory documents required for business loan).

1-KYC(के.वाई.सी.).

2-Income documents(आय दस्तावेज).

3-Bank Account statement(बैंक खाता विवरण).

1-KYC(Know Your Customer):

✓ Photo (आवेदक का पासपोर्ट साइज फोटो).

✓Pan card (आईडी, हस्ताक्षर और जन्मतिथि प्रमाण पत्र).

✓Residence and office address proof (आधार कार्ड/वोटर आईडी/ड्राइविंग लाइसेंस/ लाइट बिल और रेंट एग्रीमेंट......आदि).

✓Current Business Proof(घूमाष्टा लाइसेंस, जीएसटी प्रमाणपत्र...आदि).

2-Income Proof (आय प्रमाण):

✓ITR File (पिछले 3 वर्ष).

✓Last 6 months business turnover(पिछले 6 महीनों के business).

3-All saving & current accoun's 6 months bnak statement (बैंक खाता विवरण):

Note: Bank or NBFC sometimes ask for ownership documents, like light bill, Property tax payment receipt etc.बिज़नेस लोन के लिए अनिवार्य डाक्यूमेंट/दस्तावेज़ || Business Loan Mandatory Documents|| BL Documents

पर्सनल लोन के लिए अनिवार्य Document (दस्तावेज)||(Mandatory documents for Personal Loan)||

पर्सनल लोन के लिए अनिवार्य Document (दस्तावेज)||(Mandatory documents for Personal Loan)||पर्सनल लोन के लिए तीन अनिवार्य दस्तावेजों की आवश्यकता होती है।(There are three mandatory documents required for personal loan).

1-KYC(के.वाई.सी.).

2-Income documents(आय दस्तावेज).

3-Bank Account statement(बैंक खाता विवरण).

1-KYC(Know Your Customer):

✓ Photo (आवेदक का पासपोर्ट साइज फोटो).

✓Pan card (आईडी, हस्ताक्षर और जन्मतिथि प्रमाण पत्र).

✓Address proof (आधार कार्ड/वोटर आईडी/ड्राइविंग लाइसेंस ....आदि).

2-Income Proof (आय प्रमाण):

✓Payslip (पिछले 3 महीने की सैलरी स्लिप).

✓Job continuity Proof(पिछले दो वर्षों के Form-16).

3-Bank Account Statement (बैंक खाता विवरण):

Salary Account statement (पिछले 6 महीनों के वेतन खाते का Updated बैंक खाता विवरण).

Note: Bank or NBFC sometimes ask for ownership documents.

MORTGAGE LOAN, LOAN AGAINST PROPERTY (LAP) कैसे प्राप्त करें? मॉर्गेज लोन के लिए क्या महत्वपूर्ण हैं?

Mortgage Loan (LAP)बंधक ऋण कैसे प्राप्त करें?MORTGAGE LOAN, LOAN AGAINST PROPERTY (LAP) कैसे प्राप्त करें?

मॉर्गेज लोन के लिए क्या महत्वपूर्ण हैं?

“जब कोई ग्राहक MORTGAGE LOAN(LAP) बंधक ऋण के लिए आवेदन करता है तो कौन से दस्तावेज और विवरण बैंक जांचता है?”

MORTGAGE LOAN के लिए महत्वपूर्ण क्या हैं?

1-संपत्ति मूल्य (PROPERTY VALUE).

2-आवेदक की आय (INCOME OF APPLICANT).

3-दायित्व या देनदारी (CURRENT OBLIGATIONS).

4-पिछला ऋण इतिहास चुकौती ट्रैक रिकॉर्ड (PREVIOUS LOAN HISTORY REPAYMENT TRACK RECORD).

5-ऋण राशि का अंतिम उपयोग(END USE).

1: PROPERTY VALUE(संपत्ति मूल्य)L.T.V - LOAN TO VALUE (संपत्ति मूल्य पर अधिकतम ऋण या संपत्ति मूल्य पर अधिकतम ऋण राशि):

L.T.V. depends on property types like Residential, Commercial, Industrial and Open land.

RESIDENTIAL,

MARKET VALUE AS EXAMPLE-1 CR(100 LAKH)

LTV (संपत्ति मूल्य पर अधिकतम ऋण राशि)-65% = 65 LAKH.

COMMERCIAL

MARKET VALUE AS EXAMPLE-1 CR(100 LAKH)

LTV (संपत्ति मूल्य पर अधिकतम ऋण राशि)-55% = 55 LAKH.

INDUSTRIAL

MARKET VALUE AS EXAMPLE-1 CR(100 LAKH)

LTV (संपत्ति मूल्य पर अधिकतम ऋण राशि)-45% =45 LAKH.

N.A. LAND(OPEN PLOT)

MARKET VALUE AS EXAMPLE-1 CR(100 LAKH)

LTV (संपत्ति मूल्य पर अधिकतम ऋण राशि)-40% = 40 LAKH.

2: आय (INCOME) वेतनभोगी व्यक्ति (SALARIED PERSON)

FOIR (FIXED OBLIGATION INCOME RATIO-निश्चित दायित्व आय अनुपात)

FOIR क्या है?                                       

 EXAMPLE-

EXAMPLE OF FOIR FOR SALARIED PERSON (वेतनभोगी व्यक्ति)

अगर आपकी आय Rs M/month है तो बैंक आपको देगा, वह अधिकतम ऋण, जिसकी ईएमआई (EMI)अधिकतम होगी M*50%.=Rs. m.

उदाहरण के लिए आपकी मासिक आय रु. 30,000/माह है, आपकी अधिकतम ऋण राशि उस राशि से कम या उसके बराबर होगी जिसकी ईएमआई 30,000*50%= 15,000/- होगी..!!!

Example: your monthly income is Rs.30,000/month, your maximum loan amount will be less or equal to that amount which EMI will be 30,000*50%= 15,000/-.

EXAMPLE OF FOIR FOR  SELF  EMPLOYED PERSON (व्यावसायिक)-40%FOIR

अगर आपकी आय Rs M/month है तो बैंक आपको देगा, वह अधिकतम ऋण, जिसकी ईएमआई (EMI)अधिकतम होगी M*40%.=Rs. m.

उदाहरण के लिए आपकी मासिक आय रु. 30,000/माह है, आपकी अधिकतम ऋण राशि उस राशि से कम या उसके बराबर होगी जिसकी ईएमआई 30,000*40%= 12,000/- होगी..!!!

Example: Your monthly income is Rs.30,000/month, your maximum loan amount will be less or equal to that amount which EMI will be 30,000*40%= 12,000/-

3: दायित्व या देनदारी (OBLIGATIONS)

EXAMPLE Income is Rs.30,000/-Monthly.

FOIR is 50% 

Rs.30,000*50%=15000/- and

दायित्व या देनदारी(OBLIGATIONS) is for example

3000/- PER MONTH

Rs.3,000/-

दायित्वों के बाद (AFTER OBLIGATIONS)

EXAMPLE

15000-3000

=12000/-

ACTUAL DUABLE EMI FOR THE MAXIMUM MORTGAGE LOAN

अब बैंक उस अधिकतम ऋण राशि को SANCTION करेगा जिसकी अधिकतम ईएमआई होगी 12000/-लेकिन प्रस्तावित संपत्ति के बाजार मूल्य के एलटीवी से अधिक नहीं!!!

4: पिछला ऋण इतिहास चुकौती ट्रैक रिकॉर्ड (PREVIOUS LOAN HISTORY REPAYMENT TRACK RECORD)

जब आप ऋण के लिए आवेदन करते हैं तो सभी बैंक और एनबीएफसी हमेशा सिबिल की जांच करते हैं!

यदि आपका पिछला loan history (ऋण इतिहास) अच्छा है, आप हमेशा समय पर अपनी ईएमआई(EMI) का भुगतान करते हैं, यह आपके लिए अच्छा है और कोई भी बैंक आपको सर्वोत्तम ब्याज दर की पेशकश करना चाहेगा!!!

 इसके विपरीत यदि आप चुकौती में अच्छे नहीं हैं  बैंक आपके प्रस्ताव को अस्वीकार कर देगा..!!!

यदि आपके पास अच्छा ट्रैक रिकॉर्ड है लेकिन वास्तव में आप किसी भी समय भुगतान करने में विफल रहे हैं लेकिन जितनी जल्दी हो सके भुगतान किया गया है, तो बैंक आपके प्रस्ताव को स्वीकार कर सकता है।

5: ऋण राशि का अंतिम उपयोग(END USE)

जब आवेदक MORTGAGE LOAN (LAP) ऋण के लिए आवेदन करने वाला हो तो उसे ऋण राशि के अंतिम उपयोग के बारे में स्पष्ट होना चाहिए कि उसे अपने उद्देश्य के लिए न्यूनतम ऋण (MINIMUM LOAN) लेना होगा।

1-कोई भी व्यक्ति व्यक्तिगत उपयोग के अपने व्यावसायिक उद्देश्य के लिए MORTGAGE LOAN (LAP) बंधक ऋण के लिए आवेदन कर सकता है!!!!

2-किसी भी MORTGAGE LOAN (बंधक ऋण) को अस्वीकार कर दिया जाएगा यदि उसका अंतिम उपयोग स्पष्ट नहीं है!!

3-यदि यह फंड किसी अनुत्पादक उपयोग या शेयर बाजार निवेश के लिए जा रहा है तो कोई भी MORTGAGE LOAN आवेदन अस्वीकार कर दिया जाएगा।

Thank you... please give your suggestions in Comment box.

What is Rate of Interest and It's types?

WHEN YOU REQUIRED MONEY IN NEED AND ASK FOR LOAN, LOTS OF PROBLEMS ARISE LIKE…

1. LOAN REJECTION ON FIRST STAGE: Due to lack of knowledge always arise discrepancy between your eligibility and bankers demand, it may you have submitted improper documents. Your job/company, business, age, your income, educational related documents & qualifications may not fit in bankers terms and conditions. In opposite side it may be possible that bankers unable to verify/asses your details at PD or other TPC process, so this may not successful and your application get rejected.

2. PROCESSING FEES REFUND ISSUES: Almost all bank and NBFC charge upfront processing fees, and it's not refundable, your loan has been rejected,you know it's too late, reason is same mentioned above. It's all can be avoided by proper guidance.

3.  RATE OF INTEREST(ROI) :  Interest rate is the amount of interest due per period, as a proportion of amount lent, deposited or borrowed.

There are following types of interest rate:

I. FLAT RATE OF INTEREST: Flat rate of interest is the type of interest that will stays the same on the principal loan amount throughout your loan tenure...means whatever interest rate you are charged at the beginning of the loan payment will remain the exact same figures as your final month’s repayment. 

For example..you are taking a loan of Rs.5,00,000 on 10% flat rate of interest for 7 years then what will be your flat ROI per installment lets calculate (Rs. 500000*7*10%)/84=Rs. 4167

Please note that it is just interest per instalment, no matter how much you have paid on your principal loan amount.ie.Rs. 5952(per month principal)+Rs.4167(per month interest)=10119 (84 EMI)

II. REDUCING RATE OF INTEREST: Reducing rate of interest is the interest calculated on balance outstanding principal loan amount every month. It means you pay interest on balance principal amount of loan, your amount of interest decrease with decreasing in your principal. 

III. FLOATING RATE OF INTEREST: Floating rate of interest is the rate of interest varies according to market scenario. EMI can change on floating rate change, its some time favourable(when market rate decrease) and some time not(when market rate increase), After every EMI payment, outstanding loan amount get reduced and next month interest calculated on only outstanding loan amount.

IV. FIXED RATE OF INTEREST: Fixed rate of interest is the interest which is fixed throughout tenure whether market up or down,  it’s calculated on the full principal amount of the loan throughout its tenure without considering the monthly EMI made.

4.TENURE:  Borrowers mostly wish to go for long term loans because the EMI is lower and they enjoy tax benefit on the loan. But this is a wrong  strategy because they end up paying a huge interest on the loan.

 According to economic times "Long tenure is big burden of interest on customer .....suppose If you take a loan of Rs. 500000 at 9.% for 10 years, the interest will be Rs.260051/- . And if the tenure is 15 years then interest will be Rs.412837/- for a 20-year loan interest will be Rs. 579668/. In 25 years, the interest will be Rs.758791/- is 152% of the principal...short tenure is always best option.

AND MANY MORE THING LIKE  REASON OF REQUIREMENT PRESENTATION, KYC, INCOME DOCUMENTS, BUSINESS STABILITY Or  JOB VINTAGE, INCOME DOCUMENTS, PROPERTY DOCUMENTS, PREVIOUS LOAN HISTORY WHICH AFFECTED CIBIL FOR LOAN APPLICATION TO DISBURSEMENT EACH PROCESS DEPEND KNOWLEDGE, EXPERIENCE, DOCUMENT PRESENTATION…..  etc are the points/steps where help required by educating, quiding and support that's my vision & mission.ब्याज दर और प्रकार(Rate of interest and it's types)

WHAT IS MSME.? WHAT'S MSME LOAN? WHAT IS MUDRA LOAN? DOCUMENTS, CATEGORY AND CONDITIONS.

For more details visit ministry of MSME linkMUDRA Loan in detail link

What is MSME Loan?

MSME means Micro, Small, Medium Enterprises business entities, in MSME categorisation three changes are now made which are following… 

I. An increase in investment limits of micro, small and medium businesses entities. 

II. Introduction of turnover based classification. 

III. No distinction between companies in service provider or manufacturers. 

At above discussed based changes made by government now following are the current classification of MSME entities. 

I. Micro category: In micro business category those businesses who’s maximum business investment(including all machinery,plant or equipment, Furniture ,row materials etc..) is up-to max 1 Cr (Rs. One crore) and total maximum business turnover not more than five crores, falls under Micro business entity.  

II. Small category: In small business category those businesses who’s maximum business investment (including all machinery or equipment, plant, row materials etc… ) is up-to 10 Cr (Rs. Ten crores) and total maximum business turnover not more than fifty crores, falls under Small business entity.

III. Medium Enterprises category : In medium business category those businesses who’s maximum business investment (including all machinery or equipment, plant, row materials etc… ) is up-to 50 Cr (Rs. Fifty crores) and total maximum business turnover not more than 250 cr. (two hundred and fifty crores), falls under Medium  business entity.

    

                           MSME LOAN

Note: There are no middleman or agents involved in MSME loan facilities for availing msme loans, borrowers are advised to keep away these kinds of person. 

To apply MSME loan customer must be  register under msme (Udyog adhar -ie. Free Resistraion done at https://udyamregistration.gov.in) and visit your bank where you have already open your business account with following documents. 

I. Applicant's KYC: Applicant's passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. Udyog adhar: Udyog adhar Resistraion copy. 

III. Quotations: All machinery/equipment quotation details and last 6months sales-purchase bills.

IV. ITR: Last 3 years ITR return and one year's bank statement.

V. SOA: Last one year all loan account statement. 

Note: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.

                      MUDRA LOAN 

Note: There are no middleman or agents involved in mudra loan facilities for availing mudra loans, borrowers are advised to keep away these kinds of person. 

Under Pradhan mantri mudra yojana (PMMY), Mudra has created three schemes thats are following... 

I. Shishu: Covering up to Rs. 50,000/-

II. Kishore.  Covering above Rs. 50,000/- up to Rs. 5,00,000/-

III. Tarun: Covering above Rs. 5,00,000/- up to Rs. 10,00,000/-

                  Who Can Apply??? 

Note:Mudra Loan facilities are available for following end use..

1-Transport Vehicle. Example :Tractor, auto rickshaw etc. 

2-Community, Social & personal service activities. Example :salon, beauty parlor, dry cleaning, medical shop etc. 

3-Food products sectors. Example :Papad making, achar making etc. 

4-Textile products/activities. Example:Handloom, poweloom, khadi activities etc. 

5- Business loan for traders and shop keepers. 

6- Equipment finance schemes for micro units. 

7- Activities allied to agriculture. Example: Bee keeping,  poultry form, dairy, fishery etc. 

Documents required for Mudra Loan:

Borrower should visit at State bank of India for their MUDRA loan requirements about Mudra loan documentation and procedures request..with following documents....

I. KYC: Applicant's passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. Business entities & Udyog adhar: Udyog adhar Resistraion copy & other business related permission/licenses.

III. Quotations: All machinery/equipment quotation details and last 6months sales-purchase bills.

IV. ITR: Last 3 years ITR return and one year's bank statement.

V. SOA: Last one year all loan account statement. 

Note: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.

TYPES OF LOAN (LOAN PRODUCTS) , DEFINITION, CLASSIFICATION (INFORMATIONAL DETAILS)

Upcoming Loan Related videos

                        LOAN PRODUCTS 

 

1- Loan Against property (LAP). 

2- MSME Loan & MUDRA Loan.

3- HCV Loan. 

4- LCV & MUV Loan. 

5- CAR Loan. 

6- Tractor Loan. 

7- Home Loan. 

8- Gold Loan. 

7- Education Loan. 

8- Consumer Loan. 

9- Personal Loan. 

10- Business Loan. 

TYPES OF LOAN: 

There are two types of loans... 

I.  Secured loans: When Banks/NBFC or any financial organization takes any security (like property, machine etc) against the loan giving, its called secured loan.  

Example: Home Loan,  Mortgage Loan etc are secured loan. 

II. Unsecured loans: When Banks/NBFC or any financial organization provide loan without any security, it's called unsecured loan. 

Example: Personal loan, Business loan etc. 

                  What’s Loan Against Property?

When a customer offer his property as security for loan to the bank or NBFC then bank consider it as Loan against property-LAP (Flat or Bungalow or Land etc..  as security) for loan procedure.

Who can apply?

Any self employed and salaried both can apply for loan against property, if needed to expand business, commercial purchase,  children marriage, property renovation/construction etc. 

DOCUMENTS FOR MORTGAGE LOAN:

I. All applicant's KYC: All applicants passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. One year updated bank statement:  Applicant's all savings and current account , loan account's updated one year clear bank statement required at the time of loan application. 

III. Business/job vintage proof(Example: last 2 years form16 in salaried and 2-3 years old shop act license..etc.), and income documents-ITR last 3 years or payslip last 3 to 6 month.

IV. All property related documents copy (Example: All sale agreements-chain agreements, share certificate, OC or CC & Plan copy, development agreement, latest property tax payment receipt, NOC etc..) and list of documents(LOD) in case of BT/bt top up case.

V. Initial login fees: All bank/NBFC or financial institutions takes some amount as initial login fees at the time of loan application request, which is not refundable. 

NOTE:1- All property documents list may be different according to geographical/judicial locations, above documents example is according to only for under Mumbai municipal registered property.

NOTE 2: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not do have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.

                               

                        2-What is MSME Loan?

MSME means Micro, Small, Medium Enterprises business entities, in MSME categorisation three changes are now made which are following… 

I. An increase in investment limits of micro, small and medium businesses entities. 

II. Introduction of turnover based classification. 

III. No distinction between companies in service provider or manufacturers. 

At above discussed based changes made by government now following are the current classification of MSME entities. 

I. Micro category: In micro business category those businesses who’s maximum business investment(including all machinery,plant or equipment, Furniture ,row materials etc..) is up-to max 1 Cr (Rs. One crore) and total maximum business turnover not more than five crores, falls under Micro business entity.  

II. Small category: In small business category those businesses who’s maximum business investment (including all machinery or equipment, plant, row materials etc… ) is up-to 10 Cr (Rs. Ten crores) and total maximum business turnover not more than fifty crores, falls under Small business entity.

III. Medium Enterprises category : In medium business category those businesses who’s maximum business investment (including all machinery or equipment, plant, row materials etc… ) is up-to 50 Cr (Rs. Fifty crores) and total maximum business turnover not more than 250 cr. (two hundred and fifty crores), falls under Medium  business entity.

    

                           MSME LOAN

To apply MSME loan customer must be  register under msme (Udyog adhar -ie. Free Resistraion done at https://udyamregistration.gov.in) and visit your bank where you have already open your business account with following documents. 

I. Applicant's KYC: Applicant's passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. Udyog adhar: Udyog adhar Resistraion copy. 

III. Quotations: All machinery/equipment quotation details and last 6months sales-purchase bills.

IV. ITR: Last 3 years ITR return and one year's bank statement.

V. SOA: Last one year all loan account statement. 

Note: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not do have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.

                      MUDRA LOAN 

Note: There are no middleman or agents involved in mudra loan facilities for availing mudra loans, borrowers are advised to keep away this kinds of person. 

Under Pradhan mantri mudra yojana (PMMY), Mudra has created three schemes thats are following... 

I. Shishu: Covering up to Rs. 50,000/-

II. Kishore.  Covering above Rs. 50,000/- up to Rs. 5,00,000/-

III. Tarun: Covering above Rs. 5,00,000/- up to Rs. 10,00,000/-

                  Who Can Apply??? 

Note:Mudra Loan facilities are available for following end use..

1-Transport Vehicle. Example :Tractor, auto rickshaw etc. 

2-Community, Social & personal service activities. Example :salon, beauty parlor, dry cleaning, medical shop etc. 

3-Food products sectors. Example :Papad making, achar making etc. 

4-Textile products/activities. Example:Handloom, poweloom, khadi activities etc. 

5- Business loan for traders and shop keepers. 

6- Equipment finance schemes for micro units. 

7- Activities allied to agriculture. Example: Bee keeping,  poultry form, dairy, fishery etc. 

Documents required for Mudra Loan:

Borrower should visit at State bank of India for their MUDRA loan requirements about Mudra loan documentation and procedures request..with following documents....

I. KYC: Applicant's passport size photo, photo id-date of birth-signature proof/pan card, address proof/aadhar card, relationship proof. 

II. Business entities & Udyog adhar: Udyog adhar Resistraion copy & other business related permission/licenses.

III. Quotations: All machinery/equipment quotation details and last 6months sales-purchase bills.

IV. ITR: Last 3 years ITR return and one year's bank statement.

V. SOA: Last one year all loan account statement. 

Note: Any extra documents can be asked as per banks requirement... Customers  must be aware that they should not do have any default/overdue any loan or this kind of wrong practice/fraud, if found bank may cancel loan request at any stage.

What is NPA?

 What is NPA? mostly asked in financial sectors, since RBI describe it in very simple and very clear manner that an asset, including a leased asset, "become non performing when it seases to generate income for bank."    

Please find below details as mentioned on RBI (definition)  page...

                               Non ­performing Assets

Here RBI describing that an asset, including a leased asset, becomes non­ performing when it ceases to generate income for the bank. A non ­performing asset (NPA) is a loan or an advance where;

I. Interest and/ or installment of principal remain overdue for a period of more than 90 days in respect of a term loan,

II. The account remains ‘out of order’ as indicated at paragraph 2.2 below, in respect of an Overdraft/Cash Credit (OD/CC),

III. The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted,

IV. The instalment of principal or interest thereon remains overdue for two crop seasons for short duration crops,

V. The instalment of principal or interest thereon remains overdue for one crop season for long duration crops,

VI. The amount of liquidity facility remains outstanding for more than 90 days, in respect of a securitisation transaction undertaken in terms of guidelines on securitisation dated February 1, 2006.

VII. In respect of derivative transactions, the overdue receivables representing positive mark-to-market value of a derivative contract, if these remain unpaid for a period of 90 days from the specified due date for payment.

As per RBI  "Banks should, classify an account as NPA only if the interest due and charged during any quarter is not serviced fully within 90 days from the end of the quarter".Definition as per RBI