Micro Home Finance Appraisal Committee
Credit Appraisal Memorandum Proposal of Rs.834693/- to Mrs. SABIHA SULTAN (Applicant) & Mr. SAYYAD SULTAN
MOIN AHMAD (EMI Paying Co-applicant)
Sl. Particulars Description
No.
Mrs. SABIHA SULTAN W/o Mr. SAYYAD SULTAN MOIN AHMAD
Applicant Name and Present Address
1 14/26A D., SOFIYANA, RUDAULI FAIZABAAD, UTTAR PRADESH-225 411.
Mr. SAYYAD SULTAN MOIN AHMAD S/o Lt. Mr. MUKHTAR AHMAD
2 Co-applicant Name and Address
26A, SOFIYANA, SOUTHERN RUDAULI, FAIZABAD, UTTAR PRADESH-225 411.
Total Area: Land Component: Approx Sq.892.25 Ft.
Total Area: Construction Component: Approx. 750 Sq. Ft.
(Residential Home)
3 Security Property Details PREVAILING MARKET RATE
Sales Market Value: Approx. Rs.250000/-.
Credit Market Value: Approx. Rs.240000/-
External Market Value: Approx. Rs.260000/-
4 Nature of Loan Loan Against Property (Secured)
5 Loan Amount Rs.8,34,693/-
6 Tenure 120 Months (One Twenty Months)
7 ROI (%) 15% pa (diminishing balance) (overdue interest 3% p.m.)
8 EMI Rs13,467/- (EMI Date 05th of every month)
9 Mode of payment NACH/ PDC/ Cash
10 LTV 34.77% (Based on the lowest Market Value)
11 Weekly amount ECS amount Rs.3367/-
12 Processing Fee Rs.16,694/- plus GST (Rs.3005/-)
13 Insurance Rs.14,693/-/- (added along with the loan amount)
14 FOIR 48.85%
Total EMIs presently being
15 Rs.13,172/-
serviced
16 Total EMIs post our Loan Rs.26,639/-
17 End Use For Enhancement/Development of Business
18 Activity Loan Against Property
19 Gross Monthly Family Income Rs.54526/-
PROPERTY DETAILS
Property Type &
Property Location & Address Ownership Extent
Description
SY No. 14/26 A, Land Component: 892.25 Sq. Ft.
Co-Applicant is
26A, SOFIYANA, SOUTHERN RUDAULI, Land with Home / Construction Component: 750
FAIZABAD, UTTAR PRADESH-225 411. the owner
Sq. Ft. Buildup Area
PROPERTY VALUATION
Market value Property position
Valuation done by
Date of Valuation (in Lakhs)
Rajesh Tiwari (Branch Credit Head) 12/07/21 Rs 24,00,000 Lakh Co-Applicant is the owner
Er Amit Kaushal (External Valuer) 15/07/21 Rs 32,00,000 Lakh Co-Applicant is the owner
DETAILS ABOUT APPLICANT, CO-APPLICANT & GUARANTOR
Applicant Mrs. Sabiha Sultan , is a house wife .
As per Her CIBIL Score is 725 and her Cibil showing total 05 Loans in which 03 consumer loan of amount
19000+21000+16500= (Rs 56500) (current balance 51219/-) & 01 credit card showing of amount 125000 and
current balance is 107408 /- total emi of amount 1742+1926+824+1875 ( 6367) paid all these consumers loan
and credit card EMI paid by her husband CO- applicant -1 Mr. Sayyad sultan moin ahmad .
Applicant Family Details: Mrs sahiba sultan is a house wife staying in her husband Mr. Sayyad Sultan moin
Ahmad and 2 child 1 son and 1 daughter , Mr. Sayyad sultan mon ahmad is our co- applicant -1 at Resedent
adress NISHAT AZIZ 14/26A D. SOFIYANA RUDAULI FAIZABAAD UTTAR PRADESH PIN
CODE-225411
Co – Aplicant -1 Mr. Sayyad Sultan moin Ahmad S/O Late Mukhtar Ahmad resident at 26A SOFIYANA
SOUTHERN RUDAULI FAIZABAD UTTAR PRADESH PN CODE- 225411 is a Govt Employed
Clerk in Govt College named Satayanami Vidyapeeth Jhs narauli Dist Ayodhya U.P.. He get monthly salary of
amount 23966/-. Which is shown in his salary slip provided as a proof. Also he is involve his other business of
C.S.C. (Customer service Center) namely Jan Seva kendra as he provide prove of registration certificate . CSC
center generally work as online service provider like pan card related service , Adhara card , air ticket booking,
bus ticket booking etc also have photo copy and lamination work included. Total earning of this business is
approx 27000/-(profit) as confirm by co- applicant -1.
As per co applicant Mr. Sayyad Sultan Moin Ahmad his monthly salary increase by an amount of 7000/- as govt
approved Salary increment from last month.
Co-Applicant-1 Mr. Sayyad Sultan moin Ahmad have CSC centre in Monthly rent of 3000/- also having one co
worker given salary 2500/- per month. Also in his shop monthly expense of Rs 7000/- as maintening charges of
computers , photo copy machine, a4 sheet uses, catridge refilling etc.
As per CIBIL Score is 752 In Mr. Sayyad Sultan moin Ahmad co-applicant-1 he Availed 2 Loans, 1 Nos Gold loan
of Rs.322000/- From Icici Bank, 2nd Nos Other Loan of Rs. 247998/-(current balance 117998/-)From Bajaj
Fiserv, . Total EMI of Rs. 3220+3585 =6805/- In ESC Mode, we have considered of their EMIs & There is No any
DPD's Found in any Loan having, they submitted the Loan Repayments Statement also for reference.
Co-Applicant-1 Mr. Sayyad Sultan moin Ahmad CIBIL report Reflecting in “1” Nos. Gold Loan, of Rs 322000/-
from ICICI Bank, we have considered total Gold Loan Out Standing 1% Interest Deduction of EMI of Rs.3220/-.
And Mr. Sayyad Sultan moin Ahmad is our High Value Gold Loan Customer as well. Randomly he is taking Gold
Loan with us also. The Gold loan history with us also found good and satisfactory, the Repayment Culture is
found good.
As per Bank Account Statement State bank of India statement found of more big TXN. amount this bank
account of Rs. 10000/- to 2.5 lakh Credit and debit each and every month only for business TXN. not any other
institution loan found, No any NACH/ Bounce return charges showing Found.
Mr. Sayyad Sultan moin Ahmad currently paying an EMI of Rs13172/- towards their credit Card,
Gold Loans, consumer Loan and other loan.
CONSUMER CREDIT BUREAU SCORES:
SI Credit Bureau CIBIL Extract Date (DD/MM/YYYY)
Name Status
No. Score
1 Mrs. Sabiha Sultan Applicant 725 07/12/21
2 Mr. Sayyad Sultan Moin Ahmad Co-Applicant 752 21/06/21
VARIOUS CREDIT FACILITIES AVAILED BY THE APPLICANTS ARE THE FOLLOWING
Sl. EMI (Rs.)
N Applicant Name Facility Institution
(In. Present Loan track
o Limit
Rs.) o/s reflected in.
Consumer BAJAJ 1742 19000 17805 CIBIL Report,
Loan FINSERV Banking & Employee
1 Mrs. Sabiha sultan
Verification
Consumer BAJAJ 1926 21000 19680 CIBIL Report,
Loan FINSERV Banking & Employee
2 Mrs. Sabiha sultan
Verification
Consumer BAJAJ 824 16500 13734 CIBIL Report,
Loan FINSERV Banking & Employee
3 Mrs. Sabiha sultan
Verification
Credit Card ICICI Bank 1875 1.25 LAC 107408 CIBIL Report,
Banking & Employee
4 Mrs. Sabiha sultan
Verification
Mr. SAYYAD SULTAN MOIN ICICI GOLD LOAN 3220 3.22 LAC 3.22 LAC CIBIL Report,
5
AHMAD BANK Banking & Employee
Verification
Mr. SAYYAD SULTAN MOIN BAJAJ OTHER LOAN 3585 247998 117998 CIBIL Report,
AHMAD FINSERV Banking & Employee
6
Verification
TOTAL 13172/- 751498/- 598625/-
BANKING
A/c Holder A/c
Bank Name Period Comments
type
09/07/2020 Moderate number of transactions,
Savings
HDFC BANK Mrs. SabihaSultan to moderate bank balance (more than 1
a/c
04/07/2021 EMI).
01/07/2020 Moderate number of transactions,
STATE BANK OF Mr. SAYYAD SULTAN Savings
to moderate bank balance (more than 1
INDIA MOIN AHMAD a/c
19/07/2021 EMI).
01 /01 /2021 Moderate number of transactions,
Savings
HDFC BANK STATE BANK OF INDIA
a/c
to moderate bank balance (more than 1
01/07/2021 EMI).
BANKING ANALYSIS: Average Bank Balance of our EMI Paying Co-Applicant Mr. Sayyad Sultan Moin Ahmad
is Rs.13172/- (more than one EMI).
END USE: Mrs. Sabiha Sultan is going to use the money For Enhancement/Development of Business.
SANCTION CONDITIONS:
[Link] to Legal Clearance & Technical Valuation.
[Link] amount to be disbursed to Mr. SAYYAD SULTAN MOIN AHMAD (SB account maintained with
State Bank Of India ) & Repayment also to be made from the same account.
DEVIATION: NIL
INTERNAL SCORE / RATING: (46 / A+)
INCOME DOCUMENTS ON RECORD:
1. BANK ACCOUNT STATEMENTS.
2. SALES AND PURCHASE BILL [LEDGER].
3. Govt Salary Slip.
4. INCOME ASSESMENT EXCLE SHEET.
AFTER SANCTION CONDITION:
1. EMI through NACH/ PDC/ Cash
2. Duly acknowledged copy of sanction letter
ANNEXURE:
New FOIR Calculation:
Gross Family Income: Rs.75000/- As per sales employee total income: Rs.54526/-
Total Family Expenses considered: Rs. 8000/- As per sales employee total expenses: Rs.9000/-
Rent (Income or Expense): Rs.2500/-
Net Family Income: Rs. (54526 – 9000) = Rs. 45526/-
Max. FOIR allowed: 60% of Rs.45526/- is equal to Rs.27316/-
EMIs presently being serviced: Rs.13172/-
Our Loan’s EMI: Rs.13467/-
Total EMIs post our loan: Rs.26639/-
FOIR: Total EMIs post our Loan/ Net Family Income is equal to 48.85% (within approved limits)
RECOMMENDATION: Recommended a Secured Loan Against Property of Rs.834693/- for 120 Months @15%
ROI to Miss. Mrs. Sabiha Sultan and Co-applicant(s).
Mrs. Sabiha sultan. has a Credit Bureau score of .725
Mr. SAYYAD SULTAN MOIN AHMAD has a Credit Bureau score of 752
Monthly family income is approximately Rs.54526/-.
Total EMI’s paid by them at present is Rs.13172/-.
Our Loan’s EMI is Rs.13138/-.
Recommended By Approved By
Rajesh Tiwari Pankaj Shrivastava
Branch Credit Head Branch Manager
Comments (if any):