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    Personal Loan Video Answers

    Uploaded by

    Saikrishna Dyagala
    The document discusses eligibility criteria for various personal and business loan products from ICICI Bank, including: - A self-employed doctor with an income of Rs. 2.3 lacs currently and Rs. 1.8 lacs previously would not be eligible for a business installment loan due to insufficient years in current business. - Acceptable repayment modes for a personal loan when the applicant has their salary account elsewhere include ECS and PDCs. - A self-employed applicant must have been in their current business for at least 5 years to be eligible for a business installment loan. - The maximum loan amount for a self-employed non-doctor is Rs. 30,00,000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Personal Loan Video Answers

    Uploaded by

    Saikrishna Dyagala
    941 views4 pages
    The document discusses eligibility criteria for various personal and business loan products from ICICI Bank, including: - A self-employed doctor with an income of Rs. 2.3 lacs currently and Rs. 1.8 lacs previously would not be eligible for a business installment loan due to insufficient years in current business. - Acceptable repayment modes for a personal loan when the applicant has their salary account elsewhere include ECS and PDCs. - A self-employed applicant must have been in their current business for at least 5 years to be eligible for a business installment loan. - The maximum loan amount for a self-employed non-doctor is Rs. 30,00,000.

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    Personal loan video

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    personal loan video answers

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    The document discusses eligibility criteria for various personal and business loan products from ICICI Bank, including: - A self-employed doctor with an income of Rs. 2.3 lacs currently and Rs. 1.8 lacs previously would not be eligible for a business installment loan due to insufficient years in current business. - Acceptable repayment modes for a personal loan when the applicant has their salary account elsewhere include ECS and PDCs. - A self-employed applicant must have been in their current business for at least 5 years to be eligible for a business installment loan. - The maximum loan amount for a self-employed non-doctor is Rs. 30,00,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    941 views4 pages

    Personal Loan Video Answers

    Uploaded by

    Saikrishna Dyagala
    The document discusses eligibility criteria for various personal and business loan products from ICICI Bank, including: - A self-employed doctor with an income of Rs. 2.3 lacs currently and Rs. 1.8 lacs previously would not be eligible for a business installment loan due to insufficient years in current business. - Acceptable repayment modes for a personal loan when the applicant has their salary account elsewhere include ECS and PDCs. - A self-employed applicant must have been in their current business for at least 5 years to be eligible for a business installment loan. - The maximum loan amount for a self-employed non-doctor is Rs. 30,00,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Self employed doctor applying for BIL has an income of Rs 2.3 lacs in the current year and Rs 1.

    8 lacs in
    the previous year. Is he eligible for a BIL?

    no

    Aman has a Savings account with ICICI Bank and has applied for a Personal Loan. His salary account is
    with XYZ Bank. Which repayment mode/modes can we accept here?

    ECS & PDCs

    The current employment norms is 2 years for industries like

    Real Estate

    A self-employed applicant must have been in the current business for atleast __ years to be eligible for a
    BIL

    5 years

    The maximum amount that can be given to a self-employed individual (non-Doctor) is

    Rs. 30,00,000

    M/s Karim and Co has approached us for taking over his existing other bank Business Loan. He has
    served 12 months of this loan. Can we take-over his other bank Business Loan?

    Yes

    Sunil has been residing in a rented house since the last 1 year? What is the minimum stability required
    for processing his PL request?

    Residence stability of min 1 year

    The minimum age required for an applicant working for an Elite company is

    None of the above


    The eligibility as per applicable multiplier for an applicant working for a Preferred entity with an income
    of Rs. 35,000 applying for a tenure of 24 months is

    Rs. 3,15,000

    Mr. Akshay Mehta is 22 years old and is employed with a Preferred Company in Pune as a Senior Officer
    since last 2 years. He has approached ICICI Bank for a Personal Loan of Rs. 50,000. His net salary is Rs.
    26,000 p.m. ICICI Bank has declined the case. Why:

    Age

    The minimum turnover required for a self-employed non-professional in the last 2 years to be eligible
    for a BIL is

    Rs. 40,00,000

    Minimum CIBIL score of 740 with one tradeline of 12 months is required for an applicant to be eligible
    for a PL

    False

    Minimum loan amount offered in PL isv

    50,000

    Bangalore forms part of the

    Other metros

    Minimum income for employees of an unlisted (open market) company in Mumbai, having no
    relationship with ICICI Bank is

    Rs. 40,000

    The maximum multiplier applicable for an applicant working for an Elite company is
    18

    Ajay is 26 years old and is employed with a SuperPrime Company since last 3 years. He has approached
    ICICI Bank for a Personal Loan of Rs. 75,000. His net salary is Rs. 25,000 p.m. Is Ajay eligible for a PL?

    Yes

    Ram has applied for a Personal Loan and he is already running a PL track with us without any bounce.
    His net monthly income is Rs. 66,000. Can we fund him?

    Yes

    The maximum tenure that can be offered to an applicant working for an unlisted (open market)
    company is

    48 months

    Which document can be used as an Identity proof, Age proof, Address proof & Signature verification
    proof all in one?

    Passport

    Dr. Raj needs a PL of 15 lac, but he wants the longest possible tenure. How many months can he be
    offered?

    60 months

    Maximum loan amount for Preferred / Govt. Cases who are new to Bank customers

    7 lac

    Raj is an existing ICICI Bank Salary A/C customer since the last 2 years, having an HDFC Bank PL of 24
    months vintage with current principal outstanding value at 3 lac. He also has a StanChartered Bank PL of
    2 lac of 18 months vintage with principal outstanding value at 1 lac. He has applied for a PL of 8 lac
    which he is eligible for. Can we close both his external loans?

    Yes

    Maximum loan tenure for customers working for Elite corporates is

    60 months
    Minimum networth for a trading organisation should be

    5 lac

    Minimum number of years in current profession required by a doctor for a loan amount of 2.5 lacs is __
    years

    3 years

    Varun is a salaried individual not having his salary account with ICICI Bank. He is working with an unlisted
    (open market) company and has a repayment track of Auto Loan with ICICI Bank with a clean repayment
    for 26 months.Can we fund him?

    Yes

    The minimum income required for an applicant residing in Nagpur to be eligible for a PL is

    Rs. 17,500

    Count of SPDCs to be taken in ECS cases is

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