bank loan purposes itr show amount

[Sundaraiah kollipara]

sir,

A Doctor od loan required rs:25 lacs against land property value rs:35 lacs and Doctor Gross receipts rs:15 lacs capacity in itr returns. Question: A Doctor rs:25 lacs od loan required estimated and projected value how much amount show for bank loan purpose

[FCA Adv amit aggarwal]

Doctor OD available on basis of medical degree. if wants to make estimate on loan on on basis of ITR receipt.

if Doctor is solvent and good SIBIL score. no any loan and interest due case are pending, no any order of insolvency passed earlier.

maximum loan amount can be permissible near 9 times the total income reported in ITR

AI Summary

Bank loan eligibility for doctors depends on ITR income, solvency, credit score and repayment capacity for overdraft assessment. Bank loan eligibility for a doctor seeking an overdraft facility against land property is discussed with reference to the doctor's ITR receipts, solvency, creditworthiness and absence of pending loan defaults, interest dues or insolvency proceedings. The guidance notes that, for loan estimation based on ITR income, the permissible loan amount may broadly be assessed at around nine times the total income reported in the ITR.