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Eligibility for Business Loan - Self Employed

This calculation is used by banks to determine loan eligibility for Business Loans on basis of income.

(fill the details as per profit & loss statement)

Business 1
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%
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years


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  • Bankers calculate eligibility on the basis of financial statements from Profit and Loss Account and Balance Sheet for latest years.
  • Net Profit after Tax (NPAT) + Depreciation + Interest paid (reflected in Profit and Loss Account / Income and Expenditure Statement) is considered for calculation.
  • Further, existing EMI is subtracted from the average cash flows.
  • Debt Service Coverage Ratio is calculated on the above basis.
  • The above calculator shows the EMI for requested loan based on income and DSCR on eligible loan amount.