Small Ticket Business Loan PDF

Small Ticket Business Loan Loan Amount  CIBIL 0/-1 to be capped at 3,00,000 Markets  Allowed in All Markets Entity  Only Individual/Proprietorship is to be funded Profile...

Small Ticket Business Loan Loan Amount  CIBIL 0/-1 to be capped at 3,00,000 Markets  Allowed in All Markets Entity  Only Individual/Proprietorship is to be funded Profile  Self Employed Non-Professionals (SENP)  CIBIL V3 score < 685 not allowed.  For CIBIL 685 to < 720 (DPD in last 12 month in EMI based loan not allowed) CIBIL Score  No 30+ DPD in last 12 months in EMI Based loans.  Reason code 0 is allowed as CIBIL 0/-1 norms (Max Loan Amount 3 Lacs) Minimum BTO Norms  Prime Market – 30 Lacs Maximum BTO Norms  All Market – Maximum BTO 200 Lacs Minimum ABB Norms  Prime Market – 10K  Minimum 1 Credit and 1 Debit transaction per month Banking Transaction  Transactions norms not met in one month out of Six months can be allowed. Eligibility Norms  ABB of Current/Saving account to be consider.  Six-month banking required for eligibility purpose OD/CC Norms  OD /CC banking not to be considered for eligibility  Max Primary banks allowed to be merged up to 3 only. Clubbing of Banking  Clubbing of banking for same proprietorship is allowed which are in same line of business (Manufacturer/Trader/Services).  Clubbing only allowed on Primary Bank Accounts EMI Bounce (In  Nil bounce in last 3 month six-month,  1 bounce in last 6 months is allowed. (>1 bounce for non-tech reason, case to be assessment banking) declined, Bounce for Technical Reasons to be Ignored.  No 30+ DPD in last 12 months in EMI Based loans (no deviation) Inward Returns (In  Total 6 Inward Returns are allowed in last 6 months in banking presented for eligibility (Technical Returns to be ignored.) six-month, assessment banking)  If Banking has more than 2 Inward Returns in same month, case to be declined.  Unsecured Loan taken in last 3 Months with Loan Amount >20K not allowed.  > 3 Live Unsecured Loan (BL or PL) is not allowed to be sourced in this program (If Leverage check customer already running 3 Unsecured Loan, then BFL can be 4th Lender).  No Deviation on loan count allowed  Minimum: 24 Years (at loan application) Age norms  Maximum: 65 years (at loan maturity) Spectrum  RED not allowed Existing customer  As per Existing BFL Customer Clause (Refer Annexure 9) Norms Existing PLCS  PLCS loans allowed only after 3 MOB (PLCS POS is to be deducted) Banking Vintage  Minimum 12 months Banking Vintage Business vintage  Not required  Video PD in all cases  Geo Tagging is mandatory to be done by Sales team in below condition. PD norms o BTO is up to 50 Lac or o Kolkata, Hyderabad location Term Loan & Dropline flexi allowed. Hybrid Flexi Not Loan Variant allowed Minimum: 12 months Loan Tenor Maximum: 60 months Group Exposure Not Allowed Negative Industry Not allowed Disbursement and As per current Repayment Norms (Refer Annexure 2) Repayment Verifications As per current Verification norms (Refer Annexure 15)  Only Account aggregator or OCR or Perfios Banking source  Manual banking is not allowed (No deviation) E- mandate All case to be process from E mandate or UPI mandate  All cases to be process through digital (Digi locker) KYC. KYC  Manual KYC not allowed (No deviation)