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  • 1. Credit Policy For Car Loan
    Presented By Group No.8
    ParagChheda Roll No.09
    Rajesh Adiody Roll No.01
    PoonamChaudhari Roll No.08
    Manish Kansara Roll No.24
    Rajesh Shetty Roll No.53
    AvinashRane Roll No.43
    GaneshTondwalkar Roll No.58
  • 2. Credit Policy For Car Loan
    Broad Product Construct
    Loan Purpose
    Collateral : A Secured lending Product
    The Car hypothecated in favour of bank
    Loan Amt : INR 1 lakh to 32 Lakhs
    Tenure : 12 Months to 84 Months
    Repayment : EMI for selected tenor paid by Post dated cheques or ECS or standing instruction.
    Re-finance
    Top -up
    New Car
  • 3. Credit Policy For Car Loan
    Basic Criteria
    • Customer Segment : Salaried and Self employed.
    • 4. Age : For salaried - 21 yrs to 60 yrs (or retirement +1)
    Self employed – 21 yrs to 65 yrs.
    (Co-applicant is mandatory if age is above 65 yrs)
    • Loan Amount : INR 1,00,000 to Max. 32,00,000/-
    • 5. Tenure : Minimum 1 year to Maximum 7 years.
    • 6. Nationality : Resident & Non Resident Indians.
    • 7. Residence Stability : At least 1 year in current city.
    • 8. Emp. Stability : Salaried – Total 2 yrs work experience.
    Self Emp.- 2 yrs in the same business.
    • Customers with rented Residence Cum Office will not be funded.
  • Credit Policy For Car Loan
    Basic Criteria
    • Bureau Score : CIBIL based Scoring (High/Med/Low)
    High Score : CIBIL above 785 points
    Med. Score : CIBIL between 745 to 784
    Low Score : CIBIL between 726 to 744.
    • Case below Fatal cut – off not eligible. (Below 725 CIBIL)
    • 9. Bureau Policy : Customer new to credit (with no repayment history) can be funded with max. loan of 3.5 lac
    • 10. Delinquency norms : No Delinquency in last 3 months.
    Credit card default/ write off of o/s < 5000 of more
    than 1 year old can be ignored if service related issue
  • 11. Credit Policy For Car Loan
    Income Assessment Cap
    Note : Evidence for at least 2 years is required
  • 12. Credit Policy For Car Loan
    Loan To Value (LTV) Grid
    LTV grid for 36 Months
    NOTE : Changes to GRID :- 5% less LTV respectively for tenors
    between 36 to 84 Months.
    CAT 1 Cars :- Price Below Rs.5,00,000 Ex. Santro / Indica / Estillo etc.
    CAT 2a Cars :- Price between Rs.5,00,000 to 15,00,000 Ex. Corolla/ Honda City etc.
    CAT 2b Cars :- Price above Rs.15,00,000/- Ex. Mercedes/ BMW/Accord etc.
    CAT 3 Cars :- MUV / SUV Ex. Tavera/ Sumo/ Scorpio/ Maruti Van etc.
  • 13. Credit Policy For Car Loan
    Negative / Caution Risk Profile
    MAX. LTV – 60% MAX. TENOR – 3 YRS MAX. LOAN AMOUNT – Rs.10,00,000
  • 14. Credit Policy For Car Loan
    List of Documents Required
    PRE-APPROVAL DOCUMENTS
    • Application Form
    • 15. Bank Statement
    • 16. ID Proof (Pan card/ passport/license/voter’s Id card)
    • 17. Sign Veri. Proof (Pan card/passport/license/Banker sv)
    • 18. Resi.proof (Utility bill /passport /voter’s id / license /
    Ration card / sale agreement)
    • Income Proof ( IT return/ Form 16/ Salary slip)
    • 19. Performa Invoice (Provided by Dealer)
    POST- APPROVAL DOCUMENTS
    • Agreement kit
    • 20. Post Dated Cheque/ ECS / Standing Instruction
    • 21. Margin Money Proof
    • 22. Insurance Cover Note
  • Credit Policy For Car Loan
    Different Programs Offered
  • 23. Credit Policy For Car Loan
    Verified Income Group (VI)
    • Maximum Loan Amount : Rs.32,00,000/-
    • 24. Loan To Value : As per Grid Table (Capped Max. to 95%)
    • 25. Tenor : Standard ( 12 to 84 Months)
    • 26. Loan Eligibility :
    Banking Norms : Latest 03 months banking from main account.
    Average Bank balance = 1 time of EMI (Avg bal calculated on 10,20 & 30th of month)
    Minimum 03 customer initiated transaction in a month
  • 27. Credit Policy For Car Loan
    Credit Card Product (CC)
    • Maximum Loan Amount : Rs.4,00,000/-
    • 28. Loan To Value : As per Standard Grid
    • 29. Tenor : Maximum 60 Months
    • 30. Credit Card Norms : Minimum 06 month old card
    Minimum limit Rs.50,000 & primary card holder
    No over limit & cheque bounce in statement submitted
    At least 3 customer initiated transactions in last 2 months
    • Banking Norms : Latest 03 months bank statement
    In last 03 month outward cheque return should
    not be more than 1
    Minimum 03 customer initiated transaction in a month
    Average bank balance to be calculated.
  • 31. Credit Policy For Car Loan
    Banking Product (BB)
    • Maximum Loan Amount : Rs.20,00,000/-
    • 32. Loan To Value : As per Standard Grid
    • 33. Tenor : Standard tenor ( 12 to 84 months)
    • 34. Target Customer : Salaried and Self Employed only.
    • 35. Banking Norms :
    06 month bank statement of more than 12 month old A/c
    Minimum 12 customer initiated transaction in last 6 month
    There should be no Inward cheque return in last 3 month
    Average bank balance of last 6 months = 2*EMI
  • 36. Credit Policy For Car Loan
    Low LTV Product (LL)
    • Maximum Loan Amount : Rs.20,00,000 only
    • 37. Loan to Value : Maximum 70%
    • 38. Tenor : Maximum 60 Months
    • 39. Target Customer : Salaried and Self Employed
    • 40. Additional Norms : Resi. Ownership proof mandatory
    • 41. Compulsory Norm : Credit Manager visit is compulsory.
  • Thank You