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CGTMSE To Cover Retail Trades & Collateral Loans also

cgtmse

CGTMSE Coverage extended to Retail Trade & Collateral Loans also – Now Retail Trades & partial collateral loans may be covered under Credit Guarantee Scheme of CGTMSE. A decision in this regard taken under “Rebooting CGTMSE” organized by Ministry of MSME and CGTMSE on February 20, 2018. Following modifications were recommended for implementation : Charging Annual Guarantee Fees (AGF) on Outstanding ...

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How To Calculate Loan Installment to Income Ratio (IIR) ?

iir

Installment to Income Ratio  is used to calculate the loan eligibility of the customer. This IIR  denotes the portion of the customer’s monthly installment on the Home Loan or any other loan taken. As a rule of thumb, the banks use 33.33 % to 40 % ratio. For Example: IIR is 40% Gross Income is Rs. 60,000/- per month As per ...

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How To Calculate Loan to Value ratio LTV / LCR ?

Calculate Loan to Value ratio (LTV). LCR stands for the Loan to Cost ratio. LTV ratio used by banks  to calculate the loan amount that a person is eligible for on the total cost of the property. There is a upper limit on the maximum loan amount that a person is eligible for for the purpose of loan irrespective of the ...

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How To Calculate Fixed Obligation to Income Ratio (FOIR) in Loans ?

FOIR

Fixed Obligation to Income Ratio is an important parameter in Loan calculation while maintaining Rating Chart.  Procedure for FOIR Calculation : In FOIR calculation, the Bank takes into account the installments of all other loans previously availed of by the customer, including the home loan applied for. FOIR ratio includes all the fixed obligations that the customer is supposed to ...

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