Shivrat Yadav

(Tax & Financial Consultant)

Address: Plot No 12, Archana Complex,Behind ICICI Bank M.P.Nagar,Zone-2,Bhopal (M.P.)
Mobile No +91 7869203582 Email : shivyadav53@yahoo.com
Prepared By : Shivrat Yadav Date:

LOAN ELIGIBILITY STATEMENT

Name : SHIVRAT YADAV

Input Out Put

Loan Required Rs 1,500,000.00 Average Tax to Be Paid Rs.
Rate of Interest in % 10.50% -
Period In No of Years 20.00
EMI per Month Rs
Repayment capacity of Income as per 14,975.70
Banks Policy (% of Income) 100%

Date of Payment of MM/DD/YYYY Income Tax & Rs

Income Tax Interest Payable
FY 2015-16 FY 2015-16 -
FY 2016-17 FY 2016-17 -
FY 2017-18 FY 2017-18 -
Total -

Depreciation Rs.

FY 2015-16
FY 2016-17
FY 2017-18
It is a dynamic excel sheet which has option to calculate loan amount eligibility for given amount of
average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last three financial years
It also gives amount of income one should have during three financial years for desired loan amount.
It calculates result on the basis of average income during three years.
Loan eligibility depends upon many factors such as Nature of business, Age of borrowers, Level of
Security provided, banks policy for loan, purpose of loan, cibil score, credit rating, track record etc. , all
these factors also affects loan eligibility criteria. These are difficult to incorporate in the sheet.
Therefore this result of this calculator is not an assurance of loan amount from particular bank in
particulars case.
This sheet is useful for individual assesses. Corporate assesses calculation will be different because of
difference in tax rates etc.
 Notes
1 Put figures in only sky blue cells
2 Surcharge on income tax ignored
3 Suitable for Maximum of 20 Years loan
4 EMI is calculated on Monthly reducing balance method
5 Interest calculation on Income tax is considered on one time payment and
filing of income tax return is considered on same date . i.e multiple payment
dates for income tax is ignored for calculation of interest on income tax
purpose.

6 Depreciation is Non Cash Expenditure therfore it will added in income while

calsulating average income.
 Shivrat Yadav
(Tax & Financial Consultant)
Address: Plot No 12, Archana Complex,Behind ICICI Bank M.P.Nagar,Zone-2,Bhopal (M.P.)
Mobile No +91 7869203582 Email : shivyadav53@yahoo.com
Prepared By : Shivrat Yadav Date:

LOAN ELIGIBILITY STATEMENT

Name : SHIVRAT YADAV

Input Out Put

Loan Required Rs 1,500,000.00 Average Tax & Interest to Be Paid Rs.
Rate of Interest in % 10.50% -
Period In No of Years 20
EMI per Month Rs
Repayment capacity of Income as per 14,975.70
Banks Policy (% of Income) 100%
Name : SHIVRAT YADAV
Income Tax & Income Tax to Be
Interest Income Before
Interest paid for Income in Depreciation Total
Rs Depreciation
First Holder Rs. Coumn F
FY 2015-16 - - - 179,708.38 - 179,708.38
FY 2016-17 - - - 179,708.38 - 179,708.38
FY 2017-18 - - - 179,708.38 - 179,708.38
Total - - - 539,125.14 539,125.14
Average 179,708.38 179,708.38
Grand Total of Average Income 179,708.38
Repayment Capacity 100% 179,708.38
Repayment Capacity per Month 14,975.70
Loan Eligibility in Rs. 1,500,000.00

Rate of Interest in % 10.50%

Period in Years 20
Rs.
Principle 100,000.00
EMI Per Year per LAC 998.38
EMI per Month/ LAC 998.38

Repayment Schedule
Year Principle Amount Add Interest Rs Gross Sum EMI Rs (Per Closing Balance
Rs Annum) Rs.
Rs.

1 1,500,000 156,399 1,656,399 179,708 1,476,691

2 1,476,691 153,831 1,630,522 179,708 1,450,814
3 1,450,814 150,979 1,601,793 179,708 1,422,084
4 1,422,084 147,813 1,569,897 179,708 1,390,189
5 1,390,189 144,298 1,534,486 179,708 1,354,778
6 1,354,778 140,395 1,495,173 179,708 1,315,465
7 1,315,465 136,063 1,451,528 179,708 1,271,820
8 1,271,820 131,253 1,403,073 179,708 1,223,364
9 1,223,364 125,913 1,349,278 179,708 1,169,569
10 1,169,569 119,985 1,289,554 179,708 1,109,846
11 1,109,846 113,403 1,223,249 179,708 1,043,540
12 1,043,540 106,096 1,149,636 179,708 969,928
13 969,928 97,984 1,067,912 179,708 888,203
14 888,203 88,977 977,180 179,708 797,472
15 797,472 78,978 876,450 179,708 696,742
16 696,742 67,878 764,620 179,708 584,911
17 584,911 55,553 640,465 179,708 460,756
18 460,756 41,871 502,628 179,708 322,919
19 322,919 26,681 349,600 179,708 169,892
20 169,892 9,817 179,709 179,708 0
Total 2,094,167 3,594,167
 Notes
1 Put figures in only sky blue cells
2 Surcharge on income tax ignored
3 Suitable for Maximum of 20 Years loan
4 EMI is calculated on Monthly reducing balance method
5 Interest calculation on Income tax is considered on one time payment and filing of income tax
return is considered on same date . i.e multiple payment dates for income tax is ignored for
calculation of interest on income tax purpose.

6 Depreciation is Non Cash Expenditure therfore it will added in income while calsulating average
income.
It is a dynamic excel sheet which has option to calculate loan amount eligibility for given
amount of average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last three
financial years
It also gives amount of income one should have during three financial years for desired
loan amount.
It calculates result on the basis of average income during three years.
Loan eligibility depends upon many factors such as Nature of business, Age of borrowers,
Level of Security provided, banks policy for loan, purpose of loan, cibil score, credit
rating, track record etc. , all these factors also affects loan eligibility criteria. These are
difficult to incorporate in the sheet. Therefore this result of this calculator is not an
assurance of loan amount from particular bank in particulars case.
This sheet is useful for individual assesses. Corporate assesses calculation will be
different because of difference in tax rates etc.
 Shivrat Yadav
(Tax & Financial Consultant)
Address: Plot No 12, Archana Complex,Behind ICICI Bank M.P.Nagar,Zone-2,Bhopal (M.P.)
Mobile No +91 7869203582 Email : shivyadav53@yahoo.com
Prepared By : Shivrat Yadav Date:

LOAN ELIGIBILITY STATEMENT

Repayment
Rate of Interest % 10.50% No of Years 20 100%
Capacity In %

Name :
First Holder Interest on Income Tax Paid Income Before Depreciation Total
Income Tax Rs. Rs. (Interest Not Depreciation Rs Rs
Considered) Rs

FY 2015-16 - 4,525.00 263,932.04 186,596.00 450,528.04

FY 2016-17 - 5,025.00 318,786.41 154,023.00 472,809.41
FY 2017-18 - 4,025.00 309,077.67 13,653.00 322,730.67
Total - 13,575.00 891,796.12 1,246,068.12
Average 297,265.37 415,356.04

Joint Name :
Interest on Income Tax Paid Income Before Depreciation Total
Income Tax Rs. Rs. (Interest Not Depreciation Rs Rs
Considered) Rs

Joint Holder
FY 2015-16 - - -
FY 2016-17 - - -
FY 2017-18 - - -
Total - - - -
Average - -

Grand Total of Average Income 297,265.37 415,356.04

Repayment Capacity 100% 415,356.04

Repayment Capacity per Month 34,613.00

Loan Eligibility in Rs. 3,466,917.12

Rate of Interest in % 10.50%

Period in Years 20
Rs.
Principle Rs. 100,000.00
EMI Per Year per LAC 998.38

EMI per Month/ LAC 998.38

 Repayment Schedule
Year Principle Amount Add Interest Rs Gross Sum EMI Rs (Per Closing Balance
Rs Annum) Rs.
Rs.

1 3,466,917.12 361,482.57 3,828,399.69 415,356.04 3,413,043.65

2 3,413,043.65 355,545.52 3,768,589.17 415,356.04 3,353,233.13
3 3,353,233.13 348,954.20 3,702,187.33 415,356.04 3,286,831.29
4 3,286,831.29 341,636.49 3,628,467.78 415,356.04 3,213,111.74
5 3,213,111.74 333,512.34 3,546,624.08 415,356.04 3,131,268.04
6 3,131,268.04 324,492.88 3,455,760.92 415,356.04 3,040,404.88
7 3,040,404.88 314,479.45 3,354,884.33 415,356.04 2,939,528.29
8 2,939,528.29 303,362.50 3,242,890.79 415,356.04 2,827,534.75
9 2,827,534.75 291,020.42 3,118,555.17 415,356.04 2,703,199.13
10 2,703,199.13 277,318.21 2,980,517.34 415,356.04 2,565,161.30
11 2,565,161.30 262,105.96 2,827,267.27 415,356.04 2,411,911.23
12 2,411,911.23 245,217.28 2,657,128.51 415,356.04 2,241,772.47
13 2,241,772.47 226,467.40 2,468,239.87 415,356.04 2,052,883.83
14 2,052,883.83 205,651.22 2,258,535.05 415,356.04 1,843,179.01
15 1,843,179.01 182,541.02 2,025,720.03 415,356.04 1,610,363.99
16 1,610,363.99 156,884.01 1,767,248.00 415,356.04 1,351,891.96
17 1,351,891.96 128,399.50 1,480,291.46 415,356.04 1,064,935.42
18 1,064,935.42 96,775.89 1,161,711.31 415,356.04 746,355.27
19 746,355.27 61,667.26 808,022.54 415,356.04 392,666.50
20 392,666.50 22,689.54 415,356.04 415,356.04 (0.00)
Total 4,840,203.66 8,307,120.78
 Notes
1 Put figures in only sky blue cells
2 Surcharge on income tax ignored
3 Suitable for Maximum of 20 Years loan
4 EMI is calculated on Monthly reducing balance method
5 Interest calculation on Income tax is considered on one time payment an
return is considered on same date . i.e multiple payment dates for incom
calculation of interest on income tax purpose.

6 Depreciation is Non Cash Expenditure therfore it will added in income w

income.

Date of
PAYMENT of Income Tax to Be
Tax.for interest paid for Income in
(MM/DD/YYYY) Coumn E
4,525.00
5,025.00
4,025.00
13,575.00

Date of
PAYMENT of Income Tax to Be
Tax.for interest paid for Income in
(MM/DD/YYYY) Coumn E
-
-
-
-
It is a dynamic excel sheet which has option to calculate loan amount eligibility for
given amount of average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last
three financial years
It also gives amount of income one should have during three financial years for desired
loan amount.
It calculates result on the basis of average income during three years.
Loan eligibility depends upon many factors such as Nature of business, Age of
borrowers, Level of Security provided, banks policy for loan, purpose of loan, cibil
score, credit rating, track record etc. , all these factors also affects loan eligibility
criteria. These are difficult to incorporate in the sheet. Therefore this result of this
calculator is not an assurance of loan amount from particular bank in particulars case.
This sheet is useful for individual assesses. Corporate assesses calculation will be
different because of difference in tax rates etc.
time payment and filing of income tax
t dates for income tax is ignored for

ded in income while calsulating average

 Shivrat Yadav
(Tax & Financial Consultant)
Address: Plot No 12, Archana Complex,Behind ICICI Bank M.P.Nagar,Zone-2,Bhopal (M.P.)
Mobile No +91 7869203582 Email : shivyadav53@yahoo.com
Prepared By : Shivrat Yadav Date:

LOAN ELIGIBILITY STATEMENT

Repayment
Rate of Interest % 10.20% No of Years 1 100%
Capacity In %

Name :
First Holder Interest on Income Tax Paid Income Before Depreciation Total
Income Tax Rs. Rs. (Interest Not Depreciation Rs Rs
Considered) Rs

FY 2015-16 - - - -
FY 2016-17 - - - -
FY 2017-18 - - - -
Total - - - -
Average - -

Joint Name :
Interest on Income Tax Paid Income Before Depreciation Total
Income Tax Rs. Rs. (Interest Not Depreciation Rs Rs
Considered) Rs

Joint Holder
FY 2015-16 - - - -
FY 2016-17 - - - -
FY 2017-18 - - - -
Total - - - -
Average - -

Grand Total of Average Income - -

Repayment Capacity 100% -

Repayment Capacity per Month -

Loan Eligibility in Rs. -

Rate of Interest in % 10.20%

Period in Years 1
Rs.
Principle Rs. 100,000.00
EMI Per Year per LAC 8,800.89

EMI per Month/ LAC 8,800.89

 Repayment Schedule
Year Principle Amount Add Interest Rs Gross Sum EMI Rs (Per Closing Balance
Rs Annum) Rs.
Rs.

1 - - - - -
2 - - - - -
3 - - - - -
4 - - - - -
5 - - - - -
6 - - - - -
7 - - - - -
8 - - - - -
9 - - - - -
10 - - - - -
11 - - - - -
12 - - - - -
13 - - - - -
14 - - - - -
15 - - - - -
16 - - - - -
17 - - - - -
18 - - - - -
19 - - - - -
20 - - - - -
Total - -
 Notes
1 Put figures in only sky blue cells
2 Surcharge on income tax ignored
3 Suitable for Maximum of 20 Years loan
4 EMI is calculated on Monthly reducing balance method
5 Interest calculation on Income tax is considered on one time payment an
return is considered on same date . i.e multiple payment dates for incom
calculation of interest on income tax purpose.

6 Depreciation is Non Cash Expenditure therfore it will added in income w

income.

Date of
PAYMENT of Income Tax to Be
Tax.for interest paid for Income in
(MM/DD/YYYY) Coumn E
-
-
-
-

Date of
PAYMENT of Income Tax to Be
Tax.for interest paid for Income in
(MM/DD/YYYY) Coumn E
-
-
-
-
It is a dynamic excel sheet which has option to calculate loan amount eligibility for
given amount of average income.
It also has facility to calculate loan eligibility on the basis of Income tax paid in last
three financial years
It also gives amount of income one should have during three financial years for desired
loan amount.
It calculates result on the basis of average income during three years.
Loan eligibility depends upon many factors such as Nature of business, Age of
borrowers, Level of Security provided, banks policy for loan, purpose of loan, cibil
score, credit rating, track record etc. , all these factors also affects loan eligibility
criteria. These are difficult to incorporate in the sheet. Therefore this result of this
calculator is not an assurance of loan amount from particular bank in particulars case.
This sheet is useful for individual assesses. Corporate assesses calculation will be
different because of difference in tax rates etc.
time payment and filing of income tax
t dates for income tax is ignored for

ded in income while calsulating average