How To Calculate Loan Installment to Income Ratio (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
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
How To Calculate Fixed Obligation to Income Ratio (FOIR) ?
Fixed Obligation to Income Ratio formula is an important parameter in Loan calculation while maintaining Rating Chart. FOIR ratio includes all the fixed obligations that
Whether Vocational Courses eligible for Education Loan ?
Vocational / skill development study courses, off-campus courses and on-site/partnership programmes are not eligible for loan under the IBA scheme.
What is Entrepreneurship Development Programme (EDP) Under PMEGP ?
The objective of EDP is to provide orientation and awareness pertaining to various managerial and operational functions like finance, production, marketing, enterprise management, banking formalities,
What is the Eligibility Criteria Under PMEGP ?
Eligibility Conditions of PMEGP Beneficiaries are : (i) Any individual, above 18 years of age (ii) There will be no income ceiling for assistance for
What is the Bank Finance Under PMEGP ?
1. The Bank will sanction 90% of the project cost in case of General Category of beneficiary/institution and 95% in case of special category of
What is the Eligibility Criteria For Education Loan in India ?
Student eligibility: The student should be an Indian National.Should have secured admission to a higher education course in recognized institutions in India or Abroad through
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