Mortgage Loan Product

From:

Madhukar Sahay

Asstt. Vice President

My Money Mantra

112 Surya Kiran Building

K. G. Marg, New Delhi

M.NO-9811606231
 PRODUCT

1. Home Loan for Ready property and under construction Property.

2. Loan for Plot purchase and Self Construction.

3. Loan against Residential, commercial Property.

4. Loan for Commercial Property Purchase.

5. Loan against Industrial Property (Commercial Use).

6. Industrial property with industrial uses.

7. OD Limit (In Home Loan also)

8. OD Limit (in Lease Rent Discounting Also)

9. SME Loans CC Limit, C C Takeover BG, LC, PCL

11. Builder Project approved from banks.

Programs For Calculating Income Eligibility

1. Net Income Programme

2. Gross Margin

3. Industry margin

4. Income Estimation Programme

5. Gross Receipts Basis for professional

6. Banking based

7. EMI based

8. RTR based

9. LRD (Rental Programme)

10. Property Based Loan (Low LTV

11. Housing Loans for NRI

ANNUAL INCOME = /CASH FLOW

 = Net Profit

+ Depreciation (100 %)

+ Salary(Directors/Partners/family Member )

+ Interest on unsecured loan pay to

(Directors/Partners/family Member)

+ Rent pay to

(Directors /Partners/ Family member)

+ Interest pay to BANK

+ Interest pay to existing bank

(In case of Take over enhancement)

– Tax

Total is annual income= Cash Flow

1. Net Income Programme:-

Annual Income or Cash flow / 12 = Monthly Income

Monthly Income * 70 / 100 = Capacity to pay EMI

Capacity to pay EMI / EMI per lac = Loan Eligibility

2. Gross Margin: - Consider Gross Profit (G P) as an

Annual Income.
Condition: - 1. Cash flow (Annual income) more than 5

Lacs.

2. Maximum G P 15 % of the total sales.

(Condition applicable to qualifying for gross margin

Programme is annual income more than 5 lacs)

In this programme we take 15 % of sales or Gross Profit whichever is lower

as an annual income or Cash flow.

For Example: - Sales - 1, 00, 00,000 /-

Net Profit - 3, 00,000 /-

Depreciation - 2, 50,000 /-

Gross Profit - 17, 00,000/-

15 % of 1, 00, 00,000 = 15, 00,000 /-

OR

Gross Profit – 17, 00,000/-

(We take 15 % of Sales or Gross Profit whichever is lower

as an Annual Income)

In this case we take 15 Lacs as an Annual Income.

Then we calculate monthly income, dividing annual Income by 12 and take

70 % of monthly income for calculating Repaying Capacity.

3. Industry Margin: Consider Gross Profit (G P) as an

Annual Income and Gross Profit would be industry

margin. Industry margin declared by bank time to time.

4. Income Estimation Programme

 In this programme we take Undeclared Income of Customer or Cash
income of Customer and Bank chartered Accountant decide the Actual
income after Personal discussion.

Maximum eligibility = Cash Flow x 3

(Bank’s C A gives multiplier on customer’s annual income)

Let us suppose C A gives multiplier of 3, and then we multiply annual income

by 3 and the sum is our New structured Annual Income)

Our new Structured Annual income is 12 Lacs, calculate eligibility on 12

Lacs.

5. Gross Receipts Basis

FOR Chartered Accountants

Annual Receipts x 1.5 = Annual income

FOR Doctor

Annual Receipts x 2 = Annual income

6. Banking Based : Average banking x 50 %

EMI

We can add 3 banking .

7. EMI Based Surrogate Programs

EMI = Running EMIs ( 9 month old ) * 1.25%

 EMI = Closed EMIs (with in 9 month to 12 Months) * 1.25%

In this programme if customer paying an EMI of 1 lac then we restructure

a total EMI of 1.25 Lac

This is only for takeover + MAX 20% Enhancement

LAP OD AMT. = 5 CR

CHL AMT = 3 CR

8. RTR Based ; All EMI of all product can add

Maximum 5 loan EMI can add.

All EMI = Running EMIs ( 9 month old ) * 1.25%

EMI = Closed EMIs (with in 9 month to 12 Months) * 1.25%

In this programme if customer paying an EMI of 1 lac then we restructure

a total EMI of 1.25 Lac

This is only for takeover + MAX 20% Enhancement

LAP OD AMT. = 5 CR

CHL AMT = 3 CR

9. Rental Programme : In this programme we take Monthly Rental

(After TDS) as a Monthly income.

And we take 50 % of Monthly rental as a monthly repaying capacity.

(Rental should be in books and reflect in bank statement)

 10.LRD : All monthly rent can add as income.

11. Housing loan for NRI

We also provide housing loans to NRI of all European, Asian, North

American and South American countries.

TENOR

Home Loan

Self Employed :- Upto 240 Months (20 Years)

Salaried :- Upto 300 Months (25 Years)

Loan Against Property

Residential Self occupied Property :- 180 Months (15 Years)

Residential Vacant / Let out Property : - 120 Months (10 Year)

Commercial self occupied property :- 180 Months (15 Years)

Commercial Vacant Property :- 120 Months (10 Years)

Industrial Property :- 120 Months (10 Years)

(Commercial Use)

LOAN TO MARKET VALUE

RESIDENCIAL COMMERCIAL INDUSTRIAL

75 60 60

SME SME SME

130 130 100

 Type of Income

 Income from house property

 Income from salary

 Income from Business

 Income from Other source

 Income from capital Gain

 Income from Agricultural

Nature of Business

1. Trading

2. Manufacturing

3. Job work

4. Consultancy

5. Services

Industries and sectors

Agriculture; plantations;other rural sectors.

Basic Metal Production.
Chemical industries.
Commerce.
Construction.
Education.
Financial services; professional services.
Food; drink; tobacco.
Type of Firm

*Proprietary Firm

*Partnership Firm

*LLP

*NGO,Trust

*Privet Limited Company

A) Closely held

B) Listed

Type of Property

Flat

Floor

Duplex

Villa

Pent house

Kathy

Residential

Commercial

Industrial

Industrial commercial

Lal Dora

Agricultural

School
Hospital

Meeting Process

 Data

 Prospect

 Follow-UP

 Meeting Fixed

 Referral

 Meeting Done

 Transaction

 Reference

THANKYOU