June 20

Repayment
Mid Ticket 2007
The objective of this program is to offer a personal loan to a customer
basis his repayment history on a Auto / HE / HL Loan under Mid
Personal
Ticket personal loan segment. Finance
 Repayment SPRL
2007

Signed off by

Balakrishna Menon
Product Manager – Personal Finance

Venkat Raman T M
National Credit Manager -PL

Harmander Singh Mahal

Business Head – PL
 Repayment SPRL
2007

Scheme Code: Mid Ticket Repayment. (MPRL)

Min Loan – Rs.50000
Loan Amount – Rs.1, 25,000

Documents Required:

6 months bank statement from the

account where the loan is being
serviced and Loan account ledger to
Self Employed validate the seasoning of the loan.

Banking Check

1) Minimum 8 EMI clearances to reflect.

2) No cheque return in the latest month and no EMI bounce in six
months. Only 1 cheque return permitted in six months.
3) No loan to be taken in the latest two months, atleast one emi to be
cleared.
4) Emi should be one time the average bank balance.
5) Average bank balance to be calculated using weighted average.
6) The loan being considered should have completed six months.
7) The combined seasoning norms are as below,
a) If there are two loans the combined seasoning should be greater
or equal to 8 months. No loans without any emi being cleared
should be considered.

Illustration:

Emi 1 – Rs 2000 – 7 Mob

Emi 2 – Rs 3000 – ATLEAST 1 MOB

Our Cholamandalam DBS loan should be the 3rd loan at any given time.

Multipliers to be applied :

For 1 Loan: (Auto(Used & New)/HE & HL)

The loan amount is derived by considering the emi and multiplying it with
the tenor serviced , after which it is multiplied by 1.25 times.
The emi * tenor serviced * 1.25.
 Repayment SPRL
2007

6000* 12 MOB * 1.25 = Rs.90,000

This will derive the loan amount.

For 1 Loan: (PL Repayment) :

The loan amount is derived by considering the emi of the personal loan and
multiplying it with the tenor serviced , after which it is multiplied by 1.50
times.
The emi * tenor serviced * 1.50

4500* 12 MOB * 1.50 = Rs.81,000

For 2 Loans:

(Auto(Used & New)/HE & HL) :

The loan amount is ddrived by considering the emi and multiplying it with
the tenor serviced , after which it is multiplied by 1.25 times.
The emi * tenor serviced * 1.15

6000* 12 MOB * 1.15 = Rs.82,800

(PL Repayment)

The loan amount is derived by considering the emi of the personal loan and
multiplying it with the tenor serviced , after which it is multiplied by 1.25
times.
The emi * tenor serviced * 1.25

4500* 12 MOB * 1.25 = Rs.67,500

Repayments from the following companies are accepted

CITI Financial GE Money TATA Finance

IOB AMEX ABN AMRO Bank
Indian Bank SBI CITI Bank
Apeejay Finance Bajaj Finance Bank of Baroda
 Repayment SPRL
2007
Dewan Housing Finance CITI Maruti GE Maruti
Corporation Bank VHPL SCB
Prime Financial Pragati Finance HSBC
Canara Bank OBC Punjab National Bank
UTI Bank KVB HDFC
IDBI Bank First India Credit India Bulls
ICICI Bank Shriram Chits & Funds Kotak Bank
Ashok Leyland ING Vasya Cholamandalam
Kinetic Finance Sundaram Finance Centurion Bank
TVS Finance LIC Housing Govt Banks (Not
Cooperative)

Other Norms:

Product criteria Repayment

Product Code MID Ticket Repayment Program
Profile Self-Employed
Min Loan Rs.50000
Max Loan Rs.1,25,000.
Min Tenor 12 months
Max Tenor 36 months
Min Income norms N/A
Min Age 21
Max Age 58 for salaried and 65 for self employed
Biz Stability 2 years for semp
Debt Burden Not more than 2 live loans while applying in banking and
CIBIL.Chola DBS loan to be the third loan.
Resi Stability 3 year in current residence, if own house not required but 2
years in same city. Ownership proof to be attached if owned.
If parental owned relationship proof to be attached.
Resi Stability in Incase of Resi Cum Business Owned the stability should be
case of Resi Cum >= 2 years. Business should be active.
Business Owned
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2007

F I at Residence Mandatory
FI at Office Mandatory
Telephone At least 1 direct line in residence or office.Wll can be
Requirements considered if latest 2 months bill attached and no defaults
sighted.