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Name : Madhava Menon
Subject: Loan Criterion
Message : Query in Message #766 is too general, however what you need to have is a complete project report, a business plan, balance sheets for the last three years (if existing business), and a cash/revenue/capital expenditure budget with cash flow statements. If you are approaching a bank with which you did not have any relationship in the past, some collateral security may also be asked for.

Banks apply the basic criteria of ability to repay. This takes into account the viability of the project, income or suplus generation and experince of the borrower in that line of business (for a commercial loan)


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