A person who asking for private car loan for commercial use of RS 9 lakh including his margin, his I

A person who asking for private car loan for commercial use of RS 9 lakh including his margin, his ITR is not so good but he has equivalent amount of FD in bank. Personal, mudra, standup India or cgtmse which scheme is suitable in that case.

 

Get declaration from borrower how much income he can generate through this car

 

how can u cover cgtmse wen car is under hyphothecation

 

Under CGTMSE primary assets in the name of the firm can be charged to bank. Only collateral cannot be taken. Hence, you cannot take fdr as security. atleast, not legally.

 

For commercial vehicle give under mudra and in this case ITR is not compulsory as this is a loan given on projection basis. Take commercial vehicle license for sure

 

Mudra में नो colletral securityStand up india is for sc/st/women minimum 10 lac for businessNo colletral security can b takenCgtmse me v no colletral security shd b taken so , if u want to take fdr as security den u can't give mudra or stand up india or cgtmse.. loan against fdr if don't want to take itr or personal can b given depending on itr

 

It can be given under mudra and not under personal loan. And which circular says mudra mein security nahi h; collateral nahi hai, primary to hamesha hi rahegi. If commercial car to be given under mudra loan then commercial car to be treated as primary security and to covered under cgtmse, as circular itself says that mudra scheme is for trading, manufacturing and service industry. Commercial car to b treated as part of service industry so it can be covered under cgtmse. If we cover any loan under cgtmse, the provisioning is very low.

 

Where has she written abt no security in Mudra? She talked abt No collateral security, we can give it under PMMY scheme with mudra/cgtmse coverage. In OBC, we got circular regarding this.

 

Well @Chaudhary Vivek Singh earlier she has written no security. Now after my comment she has edited and replaced it with no collateral security. For proof see under her comment, it's showing edited. Kindly assess the matter properly b4 commenting

 

Do personal loan take guarantee as FD n earn max interest...

 

For commercial vehicle loan get DSCR from CA. Itr doesnt matter.

 

Why to take dscr from CA. Projections lo and borrower k sign karao. And then take out the dscr yourself. Why to involve CA in this. It will add the borroers' expenses without any need

 

until credit limit dont go beyond 10 lac why indulge .ca as per rbi act customer se projection likhwao aur taxi chalwane do usko ola ya uber me

 

You can lend car loan towards the collateral security of FD

 

It will b a matter of fraud or conversion so no loan

 

Sir.... Ye nov17 ka registration kab hona h... Mai jb registration krne ja rhi hu to notification me 8th September to 8th October Dekha rha h.kindly confirm.....

 

Srto loan with Cgtsme guarantee. Vehicle will be hypothecated to bank. And no itr calculations are required for this. Check and verify commercial dl and loan emi is fixed based on income generation from vehicle- expenses incurred.

 

Bhaya private car for commercial use baat kuch Jami nahi

 

Commercial vehicle loan with colletoral security as fdr as appraisal does not need itr but future projection income

 

1. sochne wali baat fdr he to loan kio le raha he.... 2. private car for commercial use... socho3. Ase loan lene wale ak no k farji hote he....