FAQs on WINNING MOVES

FAQs on WINNING MOVES Q1. Can Salaried be funded under LAP / Micro LAP Ans. As per the calibrated norms, only self-employed can be funded for LAP. Q2 Is Land LAP permitted where customer approaches for construction on said land. Ans. While LAND Lap is not permitted, the same may be undertaken where Customer approaches for construction immediately. Q3 Can Land loan be funded? Ans. Yes, where customer submits declaration of construction within 3 years. Land loan BT should be done, only if 3 years have not lapsed and customer needs funds for construction. Q4. Can cash salaried employees be funded HL Ans. Employer subject to part of positive segment with employment continuity and No Pay cuts Q5 Can individual working with Private limited company from last 2 year be funded? Ans. YES, Applicant is account salaried , has stability of 2 years in same organization, along with availability of ITR /Form 16 funding can be done to customer : Under Regular & Apna Ghar- irrespective of Private Ltd. entity type. Under Super Saral- only if Private limited entity is MNC or subsidiary of MNC or has more than 75 employees. Q6 Can Individuals whose salary for Month of March & April 2020 was not credited /deferred can be funded? A. Only Government employees and trust owned school teachers with regular salary receipts of latest 2 months along with salary credits in bank account can be funded . Where salary slips are not available, salary credit in bank account will suffice only for period of lockdown Q7. Can Salaried customer availed 1st moratorium be funded Ans. Yes, if 2nd Morat is not taken with June and July EMI being serviced. Q8. Private sector employee be funded Ans. Yes, with vintage of 2 years in same organisation, Form 16 or ITR available &regular salary received in bank without pay cut Q9. If Salary of Govt Employee is deferred for Mar and Apr’20 can we fund HL Ans. Yes if salary is credited in latest two months Q10. Salary slip of Govt employee is not available in Lockdown Period then what is the other documents that can be accepted Ans. We have to document the Banking reflection of salary along with Last salary slip available Q11.Can Rental income be considered while calculating eligibility

Ans. Yes Regular rental receipts from commercial property in Bank for 6 months and Lessee is from positive sector or part of essential services. Q12. Can we Give top up on HL BT cases A. Yes if not availed Morat 1 & 2 Q13. What is the Minimum Seasoning required for Top up with Balance transfer? Ans- 12Months for HL and 18 months for LAP Q14. What is the Additional LTV for Insurance funding? Ans. 5% subject to NHB LTV, with approval of RPM. Q15. What are the positive sectors? Ans. The sectors which are not deeply impacted due to COVID 19 is identified as positive sectors and have been explicitly mentioned in Winning Moves. Like Kirana Stores, Agri Industries, Pharma and others Q14.What are the Key Criteria of Super Saral? Urban AHF Housing Loan Rural AHF Housing Loan Max Loan amount 25 lacs* 25 lacs Household income Up to 6 lacs Up to 3 lacs p.a. Minimum Cibil Score Salaried – 700. 0.-1 Self Between 3- 6 lacs p.a. (Woman Eligibility Method Employed - 700 ownership mandatory) Net salary, Net Profit Salaried – 700. 0.-1 Self Employed - 700 Net salary, Net Profit Q15.Can more than 25 lacs be funded in Metros Ans. Yes 35 lacs can be funded in approved branches as per the List Q16. Till when we can source Super SARAL? Ans- 31st August, 2020 Q17.What are the Salaried segments not to be funded a. NRI Salaried other than Health worker b. Contractual staff c. Salaried employee employed with business part of negative list d. Government and Private Sector employees not meeting the norms. Q18.HL- Builder Under construction property funding criteria A. 40% stage with Construction started on site for Cat A builder b. 75% stage with Construction started on site for other than Cat A builder

Q19.Minimum Vintage for Balance Transfer of LAP Ans- 18 months Q21. What are the basic criteria of Net Profit method for Funding LAP? Ans- Sl No Net Profit Banking Method LTV SORP- 60% SORP-55% SOCP- SOCP- 50% 50% ABB 1.5 2.5 FOIR 70% - DFP RPM and above Credit Summation NA Credit summation for latest 12 months should ITR and Financial ITR filed within timelines be at least 2 times of loan ITR filed within timelines Financial not more than 10% decline in topline Financial not more than 10% decline in than last year topline than last year Q22 Under Banking method for Funding LAP, how many months of banking are to be considered? Ans. For banking method 15 months banking to be collected Q23.What is the Maximum funding on Ameneties Ans. Maximum 50% across Geographies Q24.What is the max tenure for LAP Ans. 120 months Q25. Applicant getting rental income without any cuts during COVID outbreak, is he eligible for funding ? Ans. Yes, if 6 Months regular rentals are being credited with subject to: a. Rental received only from commercial Properties where lessee/tenants are into essential & positive sectors (as described by risk team) b. Rental programme if rentals credited from residential properties should be avoided. c. In case rental received from companies under LRD - BBB+ or above rated companies to be considered as rated by risk team & public rating companies. Q26. What changes are made in LTV grid of Super Saral, Regular HL, Apna Ghar & LAP after introduction of Winning Moves ? Ans. LTV Grid of Regular HL is same as COG & as per NHB guidelines. LTV matrix of Apna Ghar remains same as per COG of Apna Ghar.

Under Super saral –Lower of 90% COP / MV (loan amount upto 30 lacs), Lower of 80% COP / MV (loan amount 30 lacs to 35 lacs) since only Net Profit & Net salaried programme are funded under super saral. Surrogates not to be funded under SS. LTV under LAP (Not allowed for High Risk branches) - (a.) Under N.P Prog- SORP-60% , SOCP50 % . (b.) Under Banking Prog – SORP- 55% , SOCP-50% Double Whammy – SORP – 120% and SOCP 110%.