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Piramal BL

The document outlines the features and requirements for business loans ranging from INR 3 lakhs to INR 15 lakhs, with specific age and stability criteria for applicants. It details banking norms, income documentation, and cash profit norms necessary for loan approval. Additionally, it lists non-target profiles that are ineligible for loans, including illegal activities and certain types of businesses.

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rakshithar772
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34 views3 pages

Piramal BL

The document outlines the features and requirements for business loans ranging from INR 3 lakhs to INR 15 lakhs, with specific age and stability criteria for applicants. It details banking norms, income documentation, and cash profit norms necessary for loan approval. Additionally, it lists non-target profiles that are ineligible for loans, including illegal activities and certain types of businesses.

Uploaded by

rakshithar772
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Business Loans – One Pager

Salient Product/Policy Features


Min Loan:- INR 3 lakhs
Loan Amount
Max Loan:- INR 15 Lakhs + 5% for insurance
Income Considered Applicant:
Age Norms (in Min Age – 23; Max Age - 65
years) Non-income Applicant:
Min Age – 18; Max Age – 75
Business Vintage • 2 years if Residence and/or office are owned
in same business • 3 years if residence and office both are not owned
Min – 12 months
Tenor
Max (Up to) – 48 months
Residence and Residence stability: 1 year if rented, Nil -if owned
Office Stability Office premises stability: 1 year if rented, 6 months- if owned

Banking Norms
• Current acct and SB Acct only
Bank Accounts • SB account for individuals and Proprietorships only
• OD / CC accounts not allowed
Number of Bank • Two Accts
Accounts • Combination of CA and SB accts – only for individuals and proprietorships

No: Debits and • <=INR 5 lacs Loan – Min of 2


Credits per month • > INR 5 lacs Loan - Min of 4

Only latest 6 months bank statement to be documented


Income
o Login up to 10th of the month - Till end of the month prior to previous month
Documents o Login from 11th onwards: - Till end of previous month

Cash Profit Norms


Business Income • Business Income (Profit after Tax + Depreciation) + Rental Income

• Upto 20% Drop in turnover is allowed


• EMI of loans getting closed in next 6 months are not obligated
Norms
• CC/OD Interest is not obligated
• No Limit on number of Bank accounts to be attached
ABB to EMI Ratio • 1:1
• ITRs for last 2 years with computation of income, P&L, Balance sheet, Schedules and
auditors report (where applicable)
o Financials to be CA certified, in case of un-audited financials
Income
• Latest 6 months bank statement to be documented for all operational savings bank
Documents
account, current account, and OD/CC account.
o Login up to 10th of the month - Till end of the month prior to previous month
o Login from 11th onwards: - Till end of previous month

Internal
Checkpoints

These are the points to be checked before the file is logged in

Parameter What to Check How to check

Customer should not have applied for


Recent • Check in Bank statement
multiple unsecured loans in the last
enquiries/applications • Check in CIBIL report
3/6 months

• Check with customer


Customer should not have availed
Recent Loans • Check in Bank statement
multiple loans in the last 12 months
• Check in CIBIL report

EOD balance should be Rs


ABB Minimum ABB should be Rs 7,500 10,000 or above on most of days

Bounce in last 3 There should not be any EMI bounces • Check with customer
months in last 3 months • Check in Bank statement

Customer should not have major • Check with customer


Delinquency delinquencies on any loans in the past • Check in CIBIL report
few years
• No: of debits/credits transactions
o If Loan <=5 Lakhs – 2
transactions per month • Check in Bank statement
Banking Norms o If loan >5 Lakhs – 4 • Check with Customer
transactions per month
• Vintage of the Bank account to be
> 12 months

Note:

• Ensure ALL the operative bank statements of customers are provided at the time of login
• Cross verify residence and office/shop address with provided document/OKYC/CKYC and confirm
both the addresses with customer
• Check the customers Aadhar registered mobile number with current number of the customer
• Follow the login checklist to ensure proper documentation & FTR

Internal
Non-Target Profiles

Sr no List of Non-Target Profiles

1 Anti-social elements & terrorists as per UN list

2 Arm & Ammunition

3 Daily wage labour /contractual labour

4 Money lenders & pawn broker

5 Road-side vendors / hawkers without set-up or profile wherein business is not


verifiable or mobile in nature

6 Any illegal or immoral business activities

7 Chit fund, Nidhi company & private financers

8 Gambling, casinos, lottery agencies & equivalent enterprises.

9 Multi-level marketing (MLM), time share company & plantation companies

Internal

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