Dealsofloan.

com DSA Handbook

DEALSOFLOAN.com DSA HANDBOOK

(Revision 1.2 / 01-11-2018)

Table of Contents

Sr. No. Topic Page No.

1 Introduction 1
2 Personal Loan 2-3
• What is Personal Loan?
• Eligibility
• List of Documents
• Interest Rates & Login Progress

3 Home Loan 4-7

• What is Home Loan?
• Eligibility
• List of Documents
• Interest Rates & Login Progress

4 Loan Against Property (Mortgage Loan) 8-11

• What is Loan Against Property?
• Eligibility
• List of Documents
• Interest Rates & Login Progress

5 Business Loan 12-14

• What is Business Loan?
• Eligibility
• List of Documents
• Interest Rates & Login Progress

6 Conclusion and Contact Details 15

7 Glossary 16-18

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Introduction

About Us:

Dealsofloan.com is the official website of India Deals.

India Deals is a financial consulting firm registered in Pune, India since 2010.

India Deals provides following services to its clients:

1. Personal Loan Consulting
2. Home Loan Consulting
3. Loan Against Property Consulting
4. Project Loan Consulting
5. Business Loan Consulting
6. Credit Card Consulting
7. Insurance Consulting

Vision

To become the key catalyst in empowering financial services across India.

Business Objective

Our idea is to build the largest DSA network in India to

achieve Exponential growth together with our DSAs.

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Personal Loan

Basic Information

What is Personal Loan?

Personal loan is a loan that can be used by an individual for any generic purpose.
Some examples of end use are:
1. Marriage
2. Medical emergency
3. Home renovation
4. Vacation
5. Consumer goods
6. Consolidation of other debts

Personal Loan cannot be used for:

1. Investment in stock market
2. Any other speculative(high risk of loss) purposes
3. Illegal activities

Eligibility

Generally any salaried individual with salary greater than or equal to Rs.15000 / month is eligible
for personal loan.
Eligibility of Loan amount calculated on below mention points
• Net Take Home Salary
• Monthly Running EMI (Total EMI Amount Obligation)
• FOIR % for Salary ( Percentage of Fixed Obligation Income Ratio)
• Salary Credited in Bank Account is mandatory
• Customer who are working in any of: Pvt. Ltd Company, Public Ltd Company, LLP
Firm, Any Institute, Collage, School, Hospital, Government Organisation, NRI
customer etc. Are eligible for loan Application.
• Maximum Loan Tenure 1 Year to 5 years

For Eligibility Calculation: [(Net Salary – Running Loan EMI amount) * FOIR %] = Eligible EMI

FOIR % depends on Salary like:

• Salary < 35000/ Month FOIR 50% to 55%

• Salary > 35000/ Month FOIR 60% to 65%
• Salary > 55000/ Month FOIR 65% to 70%
• Salary > 75000/ Month FOIR 70% to 75%

For Example: Customer is having salary of Rs. 40000/ Month & working in Pvt Ltd Company,
running Loan EMI 10000/ Month,

Eligible Loan EMI: [(40000 – 10000)* 60% = 30000* 60% = 18000/Month

If the offered Rate of Interest from bank is 14% for 5 Years, so Per Lac EMI Rs.
2327/-For calculation of Loan amount = 18000/2327= 7.73 Lacs for 5 years.

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List of Documents

KYC
1. Colour Photos
2. Clear PAN Card Copy
3. Current Address Proof
4. Aadhar Card copy
5. Permanent Address Proof (if required)
Income Documents
1. Latest Six Months Bank Statement
2. Latest 3 Months Salary Slip
3. Last 2 Year's Form 16 / Previous Experience Letter ( If required by Bankers)
4. All existing loan detail documents (Welcome Letter, Sanction Letter, Statement of loan
account) If required / Any CIBIL issues - detail documents required

Interest Rates & Bank wise parameter

Bank Rate of Interest Processing Maximum Minimum Net Min & Max Loan Processing
Fees Tenure Salary Require loan till Disbursement
HDFC Bank 11.49% - 17.00% 1% – 2% 5 yrs >20k 1 L- 50 L 1 – 4 days
ICICI Bank 11.50% - 17.00% 1% – 2% 5 yrs >20k 1 L- 40 L 3 – 6 days
Axis Bank 12.50% - 17.00% 1% – 2% 5 yrs >12k 1 L- 30 L 3 – 6 days
Yes Bank 11.49% - 16.00% 1% – 2% 5 yrs >20k 1 L- 25 L 4 – 6 days
IDFC Bank 12.50% - 16.00% 1% - 2% 5 yrs >20k 1 L- 25 L 3 – 6 days
RBL Bank 14.00% - 19.00% 2% 5 yrs >20k 1 L- 25 L 4 – 8 days
Incred Finance 14.00% - 24.00% 3% - 5% 5 yrs >15k 1 L- 25 L 4 – 10 days
Capital First 12.29% - 19.00% 1% - 2% 5 yrs >20k 1 L- 15 L 6 – 12 days
Fullerton India 18.00% - 36.00% 2% - 3% 5 yrs >15k 1 L- 15 L 6 – 12 days
Tata Capital 14.00% - 19.00% 2% - 3% 5 yrs >20k 1 L- 15 L 6 – 10 days
Opta Credit 22.00% - 28.00% 2% - 3% 3 yrs >18k 1 L- 5 L 8 – 15 days
ABFL 22.00% - 26.00% 2% - 3% 4 yrs >15k 1 L-7.5 L 7 – 15 days
India Bulls - Dhani 22.00% - 26.00% 2% - 3% 4 yrs >12K 1k -15 L Instant – 5 days

Note:
➢ Cash Salary not allowed for Personal Loan
➢ HDFC Bank Personal loans availed only for listed company category employee (Refer to CRM →check
company listing & eligibility under “Bank Login” tab → “Eligible Banks” button in leads profile.’

Pre Login Process:

Step 1: Collect documents on mail/ Physical → Do Digital Login in Eligible Bank CRM → Soft Approved / Reject
Step 2: If Soft Approved → Complete the document set as per the given list of documents (KYC, Income Documents)
Step 3: Fill the Application form & complete sign on Application form & all KYC & Income documents.
Step 4: Do “OSV” (Original Seen & Verified) stamp of our company (Channel)
Step 5: Submit file to the respective bank for Login and ask Bank manager to help for login.

After Login Process:

Day1: File Logged in Bank Physically → Residential & Office Verification initiated
Day2: Residential & Office verification will be done & reports gathering by bank credit team
Day3: Personal Discussion with Customer & Credit Manager will be done & Finally Approved/ Reject
Day4: After Final approval → Signed Loan Agreement with Customer & submit to the bank
Day5: Case will disbursed by bank and amount will transfer I customer’s account in same day or next day.

• Normally 4 to 15 days will take to disbursement of Personal Loan

• Only Digital channel like “IndiaBulls Dhani” & “HDFC -10Second” offer can disburse loan amount in real time.

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Home Loan

Basic Information

What is Home Loan?

Home loan is a loan an individual can avail to purchase a residential property for example Flat,
Row House, Bungalow or residential plot purchase with construction comes under home loan.
A co-applicant is necessary for a person to apply for home loan.
Eligibility

Parameter Criteria
Family Income Per Year Greater than or equal to Rs. 2,00,000
A: 23 to 65 years for self-employed professionals
Min. Age and Max. Age B: 21 – 60years for Salaried Employees
A: 90% Loan on Agreement Value Up to 35 Lacs
B: 85% Loan on Agreement Value ( 35Lacs – 75Lacs)
C: 75% Loan on Agreement Value above 75 lacs loan amount Or
Loan to Value (LTV) D: 100% LTV on Property Agreement value
Resident Type Indian & NRI
Employment Type Salaried & Self Employed
Min Experience Min 1 yr. in some & 3 years for Self Employed (Current Business)
Repayment Tenure 12 to 240 months ( Max we can take 30 Years Loan Tenure)
Loan Amount 10 Lacs to 50 Crores
Loan Eligibility – Based on • Eligible Loan Amount = [{(PAT + DEP+ Int on Loan)/12 -
Net Income: Monthly Obligation)} * (70% to 200%)/ Loan EMI per Lac ]
• Eligible Loan Amount = {(PAT + DEP+ Int on Loan) /12 -
Monthly Obligation) * (multiplier)}
Banking Program Eligible Loan EMI = Monthly ABB/20
Liquid Income Program Eligible Loan Amount = [{(PAT * 3 + DEP+ Int on Loan)/12 - Monthly
Obligation)} * 70% / Loan EMI per Lac ]
Repayment Track Program Eligible Loan EMI = {(EMI * 1.5) - All running obligation EMI
Low LTV 45% of market value of property
Monthly Obligation All running loans EMI is called obligations
Existing Loan Obligation • Loan obligation should not more than 100% of net income
• New loan with Closure of existing Loan is a good option any time
Interest Rates Between 08.65 % to 16 % (Floating Interest)
Exiting Loan DPD Not allowed or Provide valid justification for the same
Exiting Loan overdue If Current overdue - Not allowed or Required Proper justification or
Charges any other running loans clean track for support
Existing loan Settlement A: If latest (Within 5 year) - Not allowed or Require any other clean
running track with NOC / NDC of the overdue loan account
CIBIL Score > 650 + ( Subject to clean loan repayment in all running or past
years) or go with compatible banks

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Banking Track • Clear banking with healthy transaction with Inward & outward
bounces for Premium Banks
• If poor banking with some inward bounces - Please prefer B
category banks/ NBFC's
Property Legal • All approved property from proper authorities with clear title of
property ownership - Eligible
• For any critical legal issues - check compatibility with the
respective bankers/ NBFCs first - Check First
Any Political Relationship Not Allowed
Any Criminal Background Not Allowed
Not Doable Profiles Class 4th employee, Cash Salary
Tax Liability All the Government taxes must be paid like - Income tax, VAT, GST
etc.
Customer Sign All the documents must be self attested by customer

List of Documents

I. Applicant & Co-Applicant

A. KYC Documents

1. Colour Photo
2. PAN Card
3. Aadhar Card
4. Current Address Proof

B. Banking
1. Latest 1 year bank statement of all accounts for Self Employed
2. Latest 6 Month Bank Statement for Salaried Customers

C. Proof of Income

Salaried
1. Latest 3 Month Salary Slip
2. Latest 2 year Form 16 / Form 26AS
3. Appointment Letter/ Experience Certificate

Self Employed
1. Shop Act Licence / SSI Certificate / Any other Govt Certificate for business stability
proof
2. Last 3 years ITR set along with CA Certified Balance Sheet, Profit & Loss (P&L),
Computation of Income, Tax Audit Report (If applicable) and all Schedule of Balance
Sheets
3. Shop Act Licence/ GST Certificate

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II. Property Documents

1. Copy of Property Documents ( Sale Deed/ Agreement to Sale)

2. Copy of Approved Sanction plan of property
3. Commencement Certificate / Completion Certificate / Any other applicable documents as
per the law of the State / Government
4. If Co-Operative Housing Society - Society Certificate & Share Certificate / Any other
applicable documents as per the law of the State / Government
5. Other docs like Zone Certificate

III. Firm/Company Documents (For Self Employed)

1. PAN Card
2. Partnership Deed for Partnership Firm
3. MOA & Incorporation Certificate for Pvt. Ltd. company
4. Office Address Proof
5. Last 3 Year ITR & Tax Audit Reports
6. GST Registration

IV. Existing Loan Details

Provide all existing loan detail and documents:
1. Welcome Letter
2. Sanction Letter
3. Statement of Loan Account

CIBIL Issues – Detail documents required from customer related to loans ask by Bankers

Interest Rates

Bank Rate of Interest Processing Fees

ICICI Bank 8.85% 10.20% Rs 5000 to 0.50%
Axis Bank 8.90 % 10.20% Rs 5000 to 0.50%
IDFC Bank 9.25% 9.20% Rs. 5900 - 0.50%
DB 9.70% 10.15% 0.50%
DCB Bank 9.50% 10.00% 1.00%
HDFC LTD 8.85% 9.70% Rs 11500 to 0.50%
PNB Housing 9.25% 9.75% 0.50%
Magma Finance 10.50% 13.50% 1.00%
L&T Housing 9.50% 9.75% 0.50%
DHFL 9.50% 9.75% 0.50%
Reliance 9.50% 10.25% 0.50%
Capital First 9.70% 11 .00% 1.00%
Shriram Housing 12% 16% 1.00%
India Bulls 9.50% 10.25% 0.50%
YES Bank 9.75% 13.00% 1.00%
Vistaar Finance 14% 16.00% 2.00%
Shubham Housing 14% 18.00% 2.50%
South Indian Bank 9.25% 9.60% 0.50%
Fullerton Home Finance 9.75% 13.00% 1.00%
Bank of Baroda 8.55% 8.65% Rs 8000 to 0.50%
Federal Bank 9.15% 9.75% Rs 8500 to 0.50%
Art Housing 9.10% 9.75% 0.50% to 1%
JM FInancial 11.25% 13.00% 1%
Home First 12.25% 13.00% 1%
Incred Home 12.25% 13.00% 1%
Gruh Housing 10.50% 13.00% 1%
Essel Housing 12.25% 13.00% 1%
Fasttrack Housing 12.50% 13.00% 1%
Manapurram Housing 12.25% 13.00% 1%
Jana Bank 11.50% 13.00% 1%
Piramal Housing 8.65% 9.00% Rs. 10000 to 0.50%
Repco Housing 9.75% 10.75% 1%

Pre Login Process:

Step 1: Complete the document set as per the given list of documents (KYC, Income & Property Documents)
Step 2: Fill the Application form & complete sign on Application form & all KYC & Income documents.
Step 3: Do “OSV” (Original Seen & Verified) stamp by DSA Executive
Step 4: Submit file to the respective bank for Login and ask Bank manager to help for login.

After Login Process:

Day1: Bank will generate CIBIL and check other detail data entry in bankers CRM/ LOS systems

Day2: Residential & Office Verification initiated

Day3: Properties Legal & Valuation verification initiated by bank

Day5: All verification will be done & reports awaited

Day7: Personal Discussion with Customer & Credit Manager will be done & All verification report received

Day8: If all report is positive along with Personal Discussion report – Fitment of Loan Amount check

Day9: Case will send for approval & got approved on same day in normal condition

Day10: Now it’s up to us when we will complete disbursement agreement ( normally it takes 1 or 2 days)

Note:
• Normally 10 to 15 days will take to disbursement of Home Loan
• Only some special condition or in month end can move faster our case and can disbursed in just 5-7 days

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Loan Against Property (Mortgage Loan)

Basic Information

What is Loan Against Property / Mortgage Loan?

Loan against property is a loan an individual can avail by mortgaging his property.
A co-applicant is necessary for a person to apply for loan against property.

Eligibility

Parameter Criteria

Family Income Per Year Greater than or equal to Rs. 2,00,000

Min. Age and Max. Age A: 23 to 65 years for self-employed professionals

Loan to Value (LTV) Up to 80 % on SORP , Up to 70% on SOCP, Up to 60% on Rented
Against Property property & Up to 55% on Plot/Vacant property

Resident Type Indian & NRI

Employment Type Salaried & Self Employed

Min Experience Min 1 yr in some & 3 years in current business

Repayment Tenure 12 to 180 months for Mortgage Loans

Loan Amount 10 Lacs to 50 Crores

Loan Eligibility – Based on • Eligible Loan Amount = [{(PAT + DEP+ Int on Loan)/12 -
Net Income Monthly Obligation)} * (70% to 200%)/ Loan EMI per Lac ]
• Eligible Loan Amount = {(PAT + DEP+ Int on Loan) /12 -
Monthly Obligation) * (multiplier)}
Loan Eligibility – Based on Eligible Loan EMI = Monthly ABB/20
Banking
Eligible Loan Amount = [{(PAT * 3 + DEP+ Int on Loan)/12 -
Liquid Income Program Monthly
Obligation)} * 70% / Loan EMI per Lac ]

Repayment Track Program Eligible Loan EMI = {(EMI * 1.5) - All running obligation EMI

Low LTV 45% of market value of property

Monthly Obligation All running loans EMI is called obligations

Existing Loan Obligation • Loan obligation should not more than 100% of net income
• New loan with Closure of existing Loan is a good option any
time

Interest Rates Between 10.00 % to 16 % reducing ( Floating Interest)

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Exiting Loan DPD Not allowed or Provide valid justification for the same
Exiting Loan overdue If Current overdue - Not allowed or Required Proper justification or
Charges any other running loans clean track for support
Existing loan Settlement A: If latest (Within 5 year) - Not allowed or Require any other clean
running track with NOC / NDC of the overdue loan account
CIBIL Score > 650 + ( Subject to clean loan repayment in all running or past
years) or go with compatible banks
Banking Track • Clear banking with healthy transaction with Inward & outward
bounces for Premium Banks
• If poor banking with some inward bounces - Please prefer B
category banks/ NBFC's
Property Legal • All approved property from proper authorities with clear title of
property ownership - Eligible
• For any critical legal issues - check compatibility with the
respective bankers/ NBFCs first - Check First
Any Political Relationship Not Allowed
Any Criminal Background Not Allowed
Not Doable Profiles Class 4th employee, Cash Salary
Tax Liability All the Government taxes must be paid like - Income tax, VAT, GST
etc.
Customer Sign All the documents must be self attested by customer

List of Documents

I. Applicant & Co-Applicant

A. KYC
1. 2 Photos
2. PAN Card
3. Aadhar Card
4. Current Address Proof

B. Banking
1. Latest 1 year bank statement of all accounts

C. Proof of Income

Salaried
1. Latest 3 Month Salary Slip
2. Latest 2 year Form 16
3. Appointment Letter/ Experience Certificate
Self Employed
1. Shop Act / SSI Certificate / Any other Govt Certificate for business stability proof

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2. Last 3 years ITR set along with CA Certified Balance Sheet, Profit & Loss (P&L),
Computation of Income, Tax Audit Report (If applicable) and all Schedule of Balance
Sheets .

II. Property Documents

1. Copy of Property Papers
2. Copy of Approved Sanction plan
3. Commencement Certificate / Completion Certificate / Any other applicable documents as
per the law of the State / Government
4. If Co-Operative Housing Society - Society Certificate & Share Certificate / Any other
applicable documents as per the law of the State / Government

III. Firm/Company Documents (For Self Employed)

1. PAN Card
2. Partnership Deed for Partnership Firm
3. MOA & Incorporation Certificate for Pvt. Ltd. company
4. Office Address Proof
5. Last 3 Year ITR & Tax Audit Reports

IV. Existing Loan Details

Provide all existing loan detail and documents:
1. Welcome Letter
2. Sanction Letter
3. Statement of Loan Account

CIBIL Issues - detail documents required

Interest Rates

Bank Rate of Interest Processing Fees

ICICI Bank 10.00% - 12.50% 1.00%
IDFC Bank 10.00% - 12.25% 1.00%
DB 10.00% - 11.25% 0.75 - 1.00%
DCB Bank 10.00% - 12.25% 1.00%
HDFC LTD 09.90% - 12.25% 1.00%
PNB Housing 09.90% - 12.25% 1.00%
Magma Finance 13.00% - 14.25% 1.00%
L&T Housing 10.00% - 12.25% 1.00%
DHFL 10.50% - 12.50% 1.00%
Reliance 09.50% - 12.50% 1.00%
Capital First 10.00% - 16.00% 1.00%
Shriram Citi Union 13.00% - 16.00% 1.00%
India Bulls 10.50% - 17.00% 1.00%
Cholamandalam 11.00% - 13.00% 1.00% - 1.50%
Fullerton Home 12.00% - 14.50% 1.00% - 1.50%

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Shubham Housing 15.00% - 22.00% 1.00% - 2.50%

Aditya Birla 10.50% - 11.50% 1.00%
Yes Bank 10.50% - 12.50% 1.00%
JM Finance 12.50% - 13.50% 1.00% - 2.50%
RBL Bank 11.50% - 12.25% 1.00%
IndusInd Bank 12.00% - 13.25% 1.00%
Fullerton India 13.00% - 14.00% 1.00%
Equitas Finance 14.00% - 16.00% 1.00% - 1.50%
Janlaxmi 16.00% - 22.00% 1.50% - 3.50%
Capri Global 14.00% - 16.50% 1.50% - 3.50%
Orix Finance 14.00% - 16.00% 1.50% - 3.50%
Indostar 12.50% - 14.00% 1.50% - 3.50%

Pre Login Process:

Step 1: Complete the document set as per the given list of documents (KYC, Income & Property Documents)
Step 2: Fill the Application form & complete sign on Application form & all KYC & Income documents.
Step 3: Do the “OSV” (Original Seen & Verified) stamp by DSA Executive
Step 4: Submit file to the respective bank for Login and ask Bank manager to help for login.

Post Login Process:

Day1: Bank will generate CIBIL and check other detail data entry in bankers CRM/ LOS systems
Day2: Residential & Office Verification initiated
Day3: Properties Legal & Valuation verification initiated by bank
Day5: All verification will be done & reports awaited
Day7: Personal Discussion with Customer & Credit Manager will be done & All verification report received
Day8: If all report is positive along with Personal Discussion report – Fitment of Loan Amount check
Day9: Case will send for approval & got approved on same day in normal condition
Day10: Now its up to us when we will complete disbursement agreement ( normally it takes 1 or 2 days)

Note1: Normally 12 to 15 days will take to disbursement of Mortgage Loan

Note2: Loan Amount above 2Cr can only do under Net Income Program (Plz Refer Eligibility Table)

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Business Loan

Basic Information

What is Business Loan?

Business loan is an unsecured loan an individual can avail for business purposes.
A co-applicant is not necessary for a person to apply for business loan.

Eligibility

Parameter Criteria
Family Income Per Year Greater than or equal to Rs. 2,00,000
Min. Turnover Not applicable for some NBFC's, Some banks / NBFC required min
40 Lacs Annual on ITR,
Rest all required Above 1 Crore / Tax audited balance sheet)
Min. Age and Max. Age A: 23 to 65 years for self employed professionals
Accommodation Type Residence or Office must be owned/ parental owned in current city
Resident Type Indian
Company Type Proprietorship firm, Partnership firm , Pvt Ltd company, Ltd company
Min Experience Min. 1 yr in some banks & rest all banks required 3 yrs in current
business & over all business experience above 5 Years
Repayment Tenure • 12 to 36 months for self employed customers
• 12 to 60 months for self employed professionals

Loan Amount 1 Lac to 100 Lac

Loan Eligibility – Based on • Eligible Loan Amount = [{(PAT + DEP+ Int on Loan)/12 -
Net Income Monthly Obligation)} * 70% / Loan EMI per Lac ]
• Eligible Loan Amount = {(PAT + DEP+ Int on Loan) /12 -
Monthly Obligation) * (multiplier)}
Loan Eligibility – Based on Eligible Loan EMI = {(Monthly ABB/3) - Monthly Obligation}
Banking
Eligibile Loan Amount = [{(PAT * 3 + DEP+ Int on Loan)/12 - Monthly
Cash Income Program Obligation)} * 65% / Loan EMI per Lac ]
Repayment Track Eligible Loan EMI = EMI * 1.5
Program
Allowed
CIBIL Score (-1 or +1 ) All running loans EMI is called obligations
Monthly Obligation
• Loan obligation should not more than 100% of net income
Existing Loan Obligation • New loan with Closure of existing Loan is a good option any
time
Interest Rates Between 15.00 % to 28 % reducing
Exiting Loan DPD Not allowed or Provide valid justification for the same
Exiting Loan overdue If Current overdue - Not allowed or Required Proper justification /
Charges paid overdue charges

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Existing loan Settlement If valid justification - Can do with NOC / NDC of the same loan
account
CIBIL Score > 600 + ( Subject to clean loan repayment in all running or past
years) or go with compatible banks
Banking Track • Clear banking with healthy transaction with Inward & outward
bounces for Premium Banks
• If poor banking with some inward bounces - Please prefer B
category banks/ NBFC's
Any Political Relationship Not Allowed
Any Criminal Background Not Allowed
Not Doable Profiles Class 4th employee, Cash Salary
Tax Liability All the Government taxes must be paid like - Income tax, GST etc.
Customer Sign All the documents must be self attested by customer

List of Documents

I. Applicant & Co-Applicant

II. KYC

1. Photos
2. PAN Card
3. Aadhar Card
4. Current Address Proof
Banking
1. Latest 1 year bank statement of all accounts

C. Proof of Income
1. Shop Act Licence / SSI Certificate / Any other Govt Certificate for business stability
proof
2. Last 3 years ITR set along with CA Certified Balance Sheet, Profit & Loss (P&L),
Computation of Income, Tax Audit Report (If applicable) and all Schedule of Balance
Sheets.

II. Property Documents

1. Copy of Property Papers
2. Copy of Approved Sanction plan
3. Commencement Certificate / Completion Certificate / Any other applicable documents as
per the law of the State / Government
4. If Co-Operative Housing Society - Society Certificate & Share Certificate / Any other
applicable documents as per the law of the State / Government

III. Firm/Company Documents (For Self Employed)

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Existing loan Settlement If valid justification - Can do with NOC / NDC of the same loan
account
CIBIL Score > 600 + ( Subject to clean loan repayment in all running or past
years) or go with compatible banks
Banking Track • Clear banking with healthy transaction with Inward & outward
bounces for Premium Banks
• If poor banking with some inward bounces - Please prefer B
category banks/ NBFC's
Any Political Relationship Not Allowed
Any Criminal Background Not Allowed
Not Doable Profiles Class 4th employee, Cash Salary
Tax Liability All the Government taxes must be paid like - Income tax, GST etc.
Customer Sign All the documents must be self attested by customer

List of Documents

I. Applicant & Co-Applicant

JJ. KYC

5. Photos
6. PAN Card
7. Aadhar Card
8. Current Address Proof
Banking
2. Latest 1 year bank statement of all accounts

D. Proof of Income
1. Shop Act Licence / SSI Certificate / Any other Govt Certificate for business stability
proof
2. Last 3 years ITR set along with CA Certified Balance Sheet, Profit & Loss (P&L),
Computation of Income, Tax Audit Report (If applicable) and all Schedule of Balance
Sheets.

JJ. Property Documents

1. Copy of Property Papers
2. Copy of Approved Sanction plan
3. Commencement Certificate / Completion Certificate / Any other applicable documents as
per the law of the State / Government
4. If Co-Operative Housing Society - Society Certificate & Share Certificate / Any other
applicable documents as per the law of the State / Government

III. Firm/Company Documents (For Self Employed)

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1. PAN Card
2. Partnership Deed for Partnership Firm
3. MOA & Incorporation Certificate for Pvt. Ltd. company
4. Office Address Proof
5. Last 3 Year ITR & Tax Audit Reports

IV. Existing Loan Details

Provide all existing loan detail and documents:
1. Welcome Letter
2. Sanction Letter
3. Statement of Loan Account

CIBIL Issues – Minimum CIBIL > 650 along with detail documents required
Bank Name Interest Processing Loan Tenure Without ITR Min Turnover Minimum Bank Turn Around
Rates Fees In Month Program in Lacs ITR credit in 6 Month time to process

HDFC Bank 15% - 18% 1% - 2% 36 Month Available >100 Lacs >40Lacs 7 to 10 days
ICICI Bank 15% - 18% 1% - 2% 36 Month Available >60 Lacs >20Lacs 7 to 10 days

Axis Bank 15% - 18% 1% - 2% 36 Month Available >60 Lacs >20Lac 7 to 10 days
Capital First 19% - 24% 2% 36 Month Available Not Applicable >20Lac 7 to 10 days
ABFL 22% - 26% 2% 36 Month Available Not Applicable Not Applicable 10 to 15 days
RBL Bank 20% - 22% 2% 36 Month Available >60 Lacs >30Lac 7 to 10 days

Yes Bank 17% - 21% 2% 36 Month Not Available >100 Lacs >40Lac 7 to 10 days
LendingKart 22% - 28% 2% 36 Month Available Not Applicable >9 Lacs 10 to 15 days
UPF 24% - 28% 2% - 5% 15 Month Available Not Applicable >12Lac 7 to 10 days
NEO Growth 24% - 28% 2% - 5% 24 Month Available Not Applicable >12Lac 7 to 10 days
Deutsche Bank 17% - 19% 2% 36 Month Available Not Applicable Not Applicable 7 to 10days
Fullerton India 24% - 36% 2% 36 Month Available Not Applicable Not Applicable 7 to 10days
Edelwiess Fin 20% - 24% 2% 36 Month Available Not Applicable Not Applicable 7 to 10days

Pre Login Process:

Digital Login Process:
Step 1: Collect documents on mail/ Physical → Do Digital Login in Eligible Bank CRM → Soft Approved / Reject
Step 2: If Soft Approved → Complete the document set as per the given list of documents (KYC, Income Documents)

OR -- Physical Login

Step 1: Complete the document set as per the given list of documents (KYC, Income & Property Documents)
Step 2: Fill the Application form & complete sign on Application form & all KYC & Income documents.
Step 3: Do the “OSV” (Original Seen & Verified) stamp by DSA Executive
Step 4: Submit file to the respective bank for Login and ask Bank manager to help for login.
Post Login Process:
Day1: Bank will generate CIBIL and check other detail data entry in bankers CRM/ LOS systems
Day2: Residential & Office Verification initiated
Day3: All verification will be done & reports awaited
Day4: Personal Discussion with Customer & Credit Manager will be done & All verification report received
Day5: If all report is positive along with Personal Discussion report – Fitment of Loan Amount check
Day6: Case will send for approval & got approved on same day in normal condition
Day7: Now it’s up to us when we will complete disbursement agreement ( normally it takes 1 or 2 days)

Note1: Normally 7 to 15 days will take to disbursement of Business Loan

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Conclusion & Contact Details

Conclusion

This document is constructed to guide Dealsofloan.com's DSAs through various types of

loans offered by the banking industry in India. If there are any more queries, we request
you to contact our network relationship manager or on the details given below.

Contact Details

Office Address: 2nd Floor, Shri Chamber, Old Mumbai-Pune Highway, Besides Labour Office,
Wakdewadi, Shivajinagar, Pune 411005

Phone Numbers: 020 67200508 / 501 / 502/ 504

Email: support@dealsofloan.com

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Dealsofloan.com DSA Handbook

Glossary

Please refer the definitions below to know their meanings.

Glossary Please refer the definitions below to know their meanings.

1. EMI: An equated monthly instalment (EMI) is a fixed payment amount made by a

borrower to a lender at a specified date each calendar month. Equated monthly
instalments are used to pay off both interest and principal each month so that over a
specified number of years, the loan is paid off in full.

2. Family Income: A combined incomes of all family members like brother, mother, father
and it is includes every form of income, e.g., salaries and wages, rental income etc.

3. LTV (Loan to Value): The loan-to-value (LTV) ratio is a financial term used by lenders to
express the ratio of a loan to the value of an asset (Property).

4. PAT: Profit after tax showing in Income tax return

5. PBT: Profit before tax is an amount which is showing of Income tax return it is also
called gross annual Income.
6. DEP: Depreciation amount is showing on ITR in Profit & Loss page and the value of the
same is add back in to net profit on
7. Loan Obligation: An estimate of monthly ongoing debt payments to disposable income
is called monthly loan obligation.
8. Loan Eligibility- Net Income based – It is a loan appraisal program where bank calculate
eligibility basis on annual/monthly net business or salaried income.
9. Loan Eligibility - Banking– An average bank balance based program where bank
calculate loan eligibility as per the annual/monthly ABB.
10.Repayment Track Program: In this program loan eligibility calculated on the basis of all
running loan EMI, basically require 18 month of clear loan EMI (HL/LAP/Car Loan/ PL/BL)

11. DPD: The DPD (Days Past Due ) indicates how many days a payment on that account
is late by that month

12. Overdue Charges: Past due is a loan payment that has not been made as of its due
date. A borrower who is past due may be subject to late fees, unless the borrower is still
within a grace period. Failure to repay a loan on time could have negative implications for
the borrower's credit status or cause the loan terms to be permanently adjusted.

13.Loan Settlement: Loan Settlement is also referred to as debt settlement, credit

settlement or debt negotiation. In this the creditor settles on a debt reduction considering it
as full and final settlement given to him by the debtor. Loan settlement is 17
Dealsofloan.com DSA Handbook an approach to debt reduction in which the debtor and
creditor agree on a reduced balance and that will be regarded as payment in full.

14. Banking Track: Banking track program is as good as Banking ABB program

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Dealsofloan.com DSA Handbook

15. Class 4 Employee: In government jobs in India, there are standard pay scales for different rank.
The Grade Pay concept introduced in the Sixth Pay Commission has now been dispensed with the new
concept of Pay Matrix by the 7th Pay Commission (7pc) where class 4 is the lowest rank.
16. Income Tax Liability: Tax liability refers to the amount legally owed to a taxing authority
as the result of a taxable event like Income Tax, Property Tax.

17. Loan Sanction Letter: The letter is a proof that the applicant is eligible to avail a certain
amount of home loan from its lender (bank or financial institution) subject to the fulfilment
of certain terms and conditions as mentioned by the lender.

18. SORP: Self occupied residential property

19. SOCP: Self occupied commercial property

20. SOIP: Self occupied Industrial property

21. Address Proofs: A proof of current residence

22. Self Employed Professionals: Chartered Accountant, Doctor, Architect are known as
Self Employee Professionals.

23. ABB: Average Bank Balance, it calculated on combined average balance of every
month 5th, 10th, 15th, 20th, 25th for next six months.

24. NOC: No objection Certificate issued by the bank against closing of the loan for all running
loans from all banks it is provided by the respective banks where the customer has taken the loan.

25. NDC: No Dues Certificate issued by the bank against closing of the loan for all running loans
from all banks it is provided by the respective banks where the customer has taken the loan.

26. Welcome Letter: Loan sanction letter is provided by the bank after disbursement of the
loan amount. Disclaimer This document was downloaded from DealsofloanCRM and is
intended to serve only as a reference document for it's DSAs.
Bank interest rates are subject to change and our at sole discretion of the respective banks.
Product details and eligibility criteria in this document may slightly differ from product to product for
every bank and does not guarantee accuracy of the information provided within this document.

Disclaimer
This document was downloaded from DealsofloanCRM and is intended to serve only as a
reference document for it's DSAs.
Bank interest rates are subject to change and our sole discretion of the respective banks.
Product details and eligibility criteria in this document may slightly differ from product to product for
every bank and does not guarantee accuracy of the information provided within this documents.

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