Credit Operating Guidelines on APNA GHAR and MICRO LAP_FST

Apna Ghar & Micro LAP

APPROVED PRODUCT OFFERINGS Apna Ghar Micro LAP Home Loan Loan Against Property Under construction property LAP Self Occupied Residential Property Ready for possession property LAP Self Occupied Commercial Property Resale property Commercial Property Purchase Construction on self-owned plot Balance Transfer + Top Up Balance Transfer + Top Up Composite Loan Acquire a plot for Residential use and construction on the same Home Improvement Loan 2

Customer Segmentation Approved Borrowers Salaried SEP SENP Full time employee Doctors qualified as MBBS/ All individuals engaged in Non individual target segment Monthly Salary MS/ MD/BDS/Ayurvedic/BAMS Retail/Wholesale business or in Proprietorship Direct transfer/Cheque/Cash or any other related specialized profession other than salary courses practicing professional Partnership firms Chartered Accountants categorised under Self Company Secretaries Employed Professional (SEP) Cost Accountants are the target segment. Architects 3

Credit Norms – Salaried & Self Employed Norms Salaried SEP and SENP Age of the Borrower Minimum Income Apna Ghar Apna Ghar Category of employment 25 - 60 years (If eligible pension plus 5 years) 30 - 70 years Mode of Salary Payment 30 - 60 years (under Assessed Salary Method) 30 - 70 years (under Assessed Income Method) Total Working Experience Micro LAP Micro LAP Vintage 30-60 years 30 - 70 years Income Documents ₹ 7,000 pm ₹ 1 lac under Net Profit, Banking, Balance Transfer ₹ 1.5 lacs under Income Plus Working with Govt / Semi Govt/ PSU/ Pvt Sector Companies/ P. Firm/ Proprietor/ Society Self Employed & Trust/ Educational Institution and Hospital run by Trust/NGO/Society as an employee. Direct bank Credit/Cheque Salary NA Cash Salary 2 years total experience NA NA for Government Employees 3/5 years under Net Profit Method./ Income Plus NA 3 years under Banking Method, 5 years under Assessed Income Method Salary slips / certificate of latest two/three Latest two years financial statements months based on the components considered. Gap of at least 3 months between two ITR filling. Latest Form 16 No Cash Loss Appointment letter, relieving letter/ letter from the employers indicating the joining and relieving date can be acceptable as a proof of experience Bank Statement for latest three months. Incase of Assessed Salaried Income, Bank Statement of latest six months required 4

Common Norms - Salaried and Self Employed Norms Apna Ghar Micro LAP LAP Residential Eligible Products Home Loan/Self Construction/Composite Loan/HIL LAP Commercial Min Loan Amt BT + Top Up of Home Loan Non Residential Premise Loan Max Loan Amt Borrowers ₹3 Lacs ₹20 Lacs or as mentioned in program No. of Dependents ₹30 Lacs or as mentioned in program Property Owner/ Person with major share to be main applicant Minor cannot be a borrower. Not to exceed 5 persons Fixed obligation Recurring debits identified through bank statements, RTR, Bureau Report to be considered for FOIR, except where balance tenure less than 12 months NOC/PTM verification In case NOC from builder/society/DA etc. have been obtained, RCU sampling and positive report to Sanction & Validity be documented. In case of non verification (referred status), personal visit and verification by IHFC employee. 90 days, for Apna Ghar and 60 days for Micro LAP Recredit, if customer makes disbursement request after 60 days from the Sanction Letter or if gap between two disbursements exceeds 12 months. Geographical limits 50 kms from IHFC branch (except for Assessed Borrower of Micro LAP) Property age Max 50 years at the time of application. Max 35 Years at the time of application In case of HIL – property mortgaged should be occupied by at least one applicant whose income is considered 5

Salaried – Net Salary Method Norms Apna Ghar Micro LAP Target Segment Max Tenure Salaried individuals with mode of salary payment as Cheque/Direct Transfer FOIR 180 months for HIL & 240 Months for HL 120 months for LAP & NRP CLSS Monthly Income FOIR Bureau Score ₹7,000- ₹10,000 40% LTV ₹10,001- ₹25,000 50% ₹25,001 and above 60% Work Experience FOR CLSS eligible cases FOIR can be increased upto 5%. Eligibility Calculation City Stability Min 600/0/-1 PD As per grid Minimum Work experience should be atleast 2 years. Appointment letter, relieving letter/ letter from the employers indicating the joining and relieving date can be acceptable as a proof of experience For Govt Employees minimum experience norm not applicable Net salary as per latest salary slip/salary certificate after netting off variable income considered separately. Add variable income as per income recognition table for Salaried Other income if any can be added (as per other income norms) 2 years in the same city 4 Years in the same city Tele PD mandatory for all salaried cases. 6

Assessed Salaried Method Norms Apna Ghar Age of Borrower 30-60 Years Target segment Max Loan Salaried individuals with mode of salary payment as Cash salary Max Tenure ₹20 lacs FOIR 180 months for HIL & 240 Months for HL CLSS Monthly Income FOIR LTV ₹7,000- ₹40,000 50% of Net salary or 70% of Net Appraised income as per AIP assessment sheet Cash Salary Norms whichever is lower Bureau Score Banking FOR CLSS eligible cases FOIR can be increased upto 5% Work Experience As per grid Cash salary not exceeding ₹ 30,000/- p.m. More than one cash salary can be clubbed in one loan application subject to cash PD salary of both not more than ₹ 40,000. City Stability Min 650/0/-1 Territory Portfolio Manager to verify banking of the borrower. Significant negative transaction behavior should be analyzed i.e. one bounce in last 3 months. Minimum Work experience should be 2 years Appointment letter, relieving letter/ letter from the employers indicating the joining and relieving date can be acceptable as a proof of experience At residential premises - Sales employee to visit residence of customer, photo of sales employee along with customer at customer residence to be attached in recommendation note At Employment – TPM to visit employer for PD during working hours, photo of business premises & stock to be taken 5 years in the same city Micro-LAP cannot be funded under Assessed Salaried Method 7

SENP – Assessed Income Method – APNA GHAR Norms Apna Ghar Target segment Max Loan Amount Self-employed professional borrowers (SEP) & Self-employed non-professional borrowers (SENP) Age Eligibility ₹30 lacs. In Mumbai and Delhi ₹50 lacs FOIR In case of income considered – Min 30 yrs/ Max 60 Years Vintage In case of income not considered – Min 18 yrs/ Max 80 Years LTV Assessed based on actual/kutcha bills / taxes paid on purchase or supply of goods & service/purchase bills Bureau Score Maximum FOIR of 50% (FOIR to be calculated as per assessment sheet circulated by credit policy & risk department) Bank Statement Upto 5% additional FOIR for CLSS cases Office setup to be permanent structure (Temporary structure/hawkers to be avoided) Documents Business should be in existence for 5 years in the same location established through documentary evidence As per grid PD Sanction Min 650/0/-1 Reference City Stability 6 months Business ownership Proof Latest 6 months Purchase/Sales bills/Cash Book/Kachi Book Copy Production Details/GST Return for latest 3 Qtrs Bank statement of last 6 months Agriculture Land Record Photocopy, if agriculture income is applicable Ownership Proof, Rent Agreement ,if rental income is applicable. At Residence and Office. Photographic proof and details to be documented. Surprise Check should be done. Neighbors Reference Check should be done. Loan under AIP method will be approved at RPM level or above SENP- At least 2 references to be taken from suppliers / customers of the applicant. Minimum 5 Years in the same city 8

SENP – Assessed Income Method – MICRO LAP Norms MICRO LAP Target segment Self-employed professional borrowers (SEP) & Self-employed non-professional borrowers (SENP) Eligible Purpose of LAP Self Occupied Residential Property (SORP) Loan LAP Self Occupied Commercial Property (SOCP) Sourcing Non Residential Property Purchase (NRP) Through direct sourcing/connector only. Cases sourced by DMA not to be funded in this program Age Min Income In case of income considered – Min 30 yrs/ Max 60 Years Max Tenure In case of income not considered – Min 18 yrs/ Max 80 Years FOIR 1,20,000 per annum LTV 120 Months Min Loan Amount Maximum FOIR of 50% (FOIR to be calculated as per assessment sheet circulated by credit policy & risk department) Max Loan Amount LAP SORP – 55% Vintage LAP SOCP – 50% Bureau Score NRP – 60% of MV and 85% of COP Geo Limit 5 Lacs 15 lacs PD Sheet Office setup to be permanent structure (Temporary structure/hawkers to be avoided) Business should be in existence for 5 years in the same location established through documentary evidence Min 700/0/-1 Within MC Limit of the ICIC HFC branch At Residence and Office. Photographic proof and details to be documented. Surprise Check should be done. Neighbour Reference Check should be done 9

SENP – Assessed Income Method – MICRO LAP NoNromrmss Particulars To be lower of Financial eligibility as per Cash Flow assessment of Borrower and eligibility as per end user. Eligibility A) Financial Eligibility as per Cash Flow assessment of Borrower Assessed based on actual/kutcha bills / taxes paid on purchase or supply of goods & service/purchase bills. Sanction Note : Obligation to be deducted from the assessed income. Sale/purchase figures to be reconciled. Insurance Collection B) Eligibility as per end user : Deviation Lending to be against specific end use assessed by visiting portfolio manager(TPM/RPM/ZPM). Reference Maximum Amount that can be funded based on end use is as below:- Capital Expenditure - Maximum 90% of the amount evidenced through documentary proof Working Capital - Maximum 50% of Stock Value Personal Use - Maximum 5 Lacs can be funded Loan under AIP method will be approved at RPM level or above Collateral insurance mandatory Collections of All accounts complete life cycle to be managed directly by SA/SM under supervision of TBM As applicable in Apna Ghar & Micro LAP policy as per section 5.7 At least 2 references to be taken from suppliers / customers of the applicant. Documents Business ownership Proof Last 6 months Purchase/Sales bills/Cash Book/Kachi Book Copy or, Production Details/GST Return for last 2 Quarters Bank statement of last 6 months Any other document establishing turnover/receipt/purchase Agriculture Land Record Photocopy, if agriculture income is applicable Ownership Proof, Rent Agreement ,if rental income is applicable. ITR Return Customer to file ITR showing at least assessed income or assessed turnover prior to disbursement for last financial year 10

Self Employed – Income Plus Method Norms Apna Ghar Micro LAP Customer Segment Self Employed Professional (SEP) and Self Employed Non Professional (SENP) Maximum Tenure 180 months for HIL & 240 Months for HL 120 months Income Consideration Sales, depreciation, PAT, Partner’s/Directors Salary, Partner’s interest on capital, to be considered as average of last 2 years. If Eligibility Calculation there is fall in latest year, then latest year amounts to be considered Depreciation cannot exceed 75% of the PAT Multiplier Interest on loans, if considered will be based on latest year P & L LTV Tax will be considered basis latest ITR FOIR Below heads can be added to arrive at income eligibility as per income consideration norms Bureau Score Banking Norms  PAT * Multiplier Vintage  Depreciation (PAT* Multiplier + depreciation should not be higher than latest sales/receipt) Documents  Interest component of EMI debited in P&L a/c can be added back in income provided such EMI either closed or are PD considered in fixed obligation  Partners Interest on capital if applicable or director' remuneration if applicable consideration table  Other Income Based on assessed cash flow, Max Multiplier for SEP & SENP will be 2 As per grid Maximum FOIR 60 % Min 650/0/-1  Inward Cheque return not more than 1 & outward cheque return not more than 2  At least 1 Debit & 1 Credit entry per month in main bank account.  Average Bank balance (ABB) should be 0.5 times the EMI as calculated on 10th,20th and 30th of month. Min business vintage of 5 years, and operating from the same premises from last two year Last two years’ financial statements Three year ITR copy to be taken. Gap of N-2 & N-1 should be at least 6 months and N & N-1 should be at least 3 months Bank Statement for last six months At Residence and Office. Photographic proof and details to be documented.

Self23 February 2021 Employed – Net Profit Method Norms Apna Ghar Micro LAP Target Segment Maximum Tenure Self-employed professional borrowers (SEP) & Self-employed non-professional borrowers (SENP) FOIR Bureau Score 180 months for HIL & 240 Months for HL 120 months Eligibility Calculation 80% 70% Min 600/0/-1 Income Consideration Below heads can be added to arrive at income eligibility as per income consideration norms Banking Norms PAT Depreciation Documents Interest component of EMI debited in P&L a/c can be added back in income provided such EMI either closed or are PD considered in fixed obligation Vintage Partners Interest on capital if applicable or director' remuneration if applicable City Stability Other Income as per Sec.5.3.2 Sales, depreciation, PAT, Partner’s/Directors Salary, Partner’s interest on capital, to be considered as average of last 2 years. If there is fall in latest year, then latest year amounts to be considered Depreciation cannot exceed 75% of the PAT Interest on loans, if considered will be based on latest year P & L Tax will be considered basis latest ITR Inward Cheque return not more than 1 & outward cheque return not more than 2 At least 1 Debit & 1 Credit entry per month in main bank account Average Bank balance (ABB) should be 0.5 times the EMI as on 10th,20th and 30th of month Latest two years’ financial statements At least 3 months gap should exist between two ITR date of filling Bank Statement for last six months To be conducted by Portfolio Manager at main business premises of applicant Business should be in existence for minimum 3 Years Minimum 5 years in the same city 12

Self Employed – Banking Method Norms Apna Ghar Micro LAP Customer Segment Self Employed Professional (SEP) and Self Employed Non Professional (SENP) Tenure 180 months for HIL & 240 Months for HL 120 months Eligibility ABB/EMI of 2 Vintage Clubbing of ABB allowed up to 3 bank a/c’s Any loan availed during the last 6 months period to be taken in FOIR Banking Norms Loan credits , internal transfers between customers own accounts and one time (non-business exceptional bank credits) credits in bank statement to excluded for ABB calculations LTV Other loan EMIs running since more than 6 MOB are not taken in obligation Bureau Score Other Income not to be considered. PD Documents Business should be in existence for minimum 5 Years City Stability Minimum 12 months for each of the account which have been taken for eligibility Minimum 2 non cash credits and 2 non cash debits per month must be reflected in the bank statement with one transaction every month initiated by borrower. Maximum No. of inward cheque bouncing is 4 in last 12 months with no cheque return due to insufficient funds in last 12 months Maximum No. of outward cheque bouncing is 12 in last 12 months subject to max of 1 bounce per month. Bank statement verification is must. Only cheque OCR would be accepted Reference from 2 large supplier/ customer OD and CC account will not be considered for ABB In case of OD/CC limit average utilization not to be more than 90% Credit summation calculated for 12 months should be at least 2 times the loan amount As per grid Min 700 To be conducted at the business premise of the applicant Last two years’ financial statements At least 3 months gap should exist between two ITR date of filling Bank Statement for last 12 months Minimum 4 Years in the same city

MICRO LAP – NON RESIDENTIAL PURCHASE Norms NRP Target Segment Self Employed and Bank Salaried Loan Purpose Commercial Property Purchase. (only if currently operating on rental basis or moving to large space) Min and Max Loan INR 5 lacs and INR 15 lacs Tenure 120 months LTV 60% of MV or 85% of COP whichever is lower Eligibility Methods Assessed Income Plus (SENP), Net profit, Income Plus, Banking applicable Bureau Score 700 / 0 / -1 14

Balance Transfer Norms Apna Ghar Micro LAP Target Segment Salaried, Self Employed Professional (SEP) and Self Employed Non Professional (SENP) Eligible Product & Profile Balance Transfer of Home Loan and Home Improvement Balance Transfer of Micro LAP of Self Occupied Residential loan and Commercial Property Minimum loan amount ₹5 lacs Tenure 240 months 180 months Eligibility Method Eligibility to be worked out under Income Assessment Methods No Delinquency in last 12 months Repayment Track Record Nil bounce (non-technical) in last 6 months in BT loan Not more than two bounce (non-technical) in last 12 months in BT loan Performance of Existing Track Not more than three bounces (non-technical ) in last 18 months in BT loan Property Must never have been in 30+ DPD and no EMI outstanding LTV Property must be completely constructed and duly registered and occupied by borrower Legal Check As per grid Eligible Financers PD Legal check will not be required for 1st allottee borrowers for ICICI HFC APF properties of CAT A & B developers All financiers registered with RBI/NHB as applicable As per eligibility method 15

Express Balance Transfer – APNA GHAR Norms Apna Ghar Target Customer Self Employed and Salaried Profiles Minimum seasoning 18 months Proposed EMI New EMI should not exceed 110% of the existing EMI Maximum loan amount 18-24 months 110%, 24-30 months -115% , greater than 30 months 120% exposure as % of POS Maximum LTV 80% RTR/SOA/Bank Statement, Updated RTR or SOA or Bank statement with EMI debits to be collected for last 12 months in the bureau report. Bureau check Nil bounce (non-technical) in last 6 months in BT loan Repayment Track Record & Not more than one bounce (non-technical) in last 12 months in BT loan. Bounce to be paid in same month PDD Not more than two bounces (non-technical ) in last 18 months in BT loan\\. Bounce to be paid in same month Additional Checks Repayment History in any other loan; No 30 + in last 12 months Structure of new loan Not more than one bounce (Non Technical) in last 12 months Bureau Score All applicants/co-applicants/guarantors to the earlier loan should be party to the proposed loan Documentation 700 Caution Category LOD, Sanction letter, POS letter, SOA, Bank Statement, ITR, and KYC BT Financiers Not to be funded (NOGO Deviation) PMAY Benefit Public & Private Sector Banks / HFC / NBFC . Insurance BT from co-operative bank or Pat Pedhi or local financiers not allowed Not available for BT cases. Mandatory medical and term insurance with the customer 16

Express Balance Transfer – MICRO LAP Norms Micro LAP Target Customer Self Employed Profiles only Property Property should be self occupied by self or family Minimum seasoning 24 months Proposed EMI New EMI should not exceed 110% of the existing EMI Maximum loan amount exposure as % of POS 124 months and above 110% Maximum LTV SORP – 60% of MV SOCP – 50% of MV RTR/SOA/Bank Statement, Bureau check Updated RTR or SOA or Bank statement with EMI debits to be collected for last 12 months in the bureau report. Repayment Track Record & Nil bounce (non-technical) in last 6 months in BT loan PDD Not more than one bounce (non-technical) in last 12 months in BT loan. Bounce to be paid in same month Not more than two bounces (non-technical ) in last 18 months in BT loan\\. Bounce to be paid in same month Additional Checks Repayment History in any other loan; No 30 + in last 12 months Structure of new loan Not more than one bounce (Non Technical) in last 12 months Bureau Score All applicants/co-applicants/guarantors to the earlier loan should be party to the proposed loan Documentation 700 Caution Category LOD, Sanction letter, POS letter, SOA, Bank Statement, ITR, and KYC PMAY Benefit Not to be funded (NOGO Deviation) Not available for BT cases. Insurance Mandatory medical and term insurance with the customer 17

AIP SARAL PRODUCT Norms Apna Ghar Target segment Eligible Loan Informal Self Employed Individuals having no or minimal business existence proof purpose Minimum Loan HL/Self Construction / HIL. Under-construction property / developer property should be atleast 75% complete Amount Maximum Loan INR 3 lacs Amount Eligibility INR 10 lacs FOIR Vintage Assessed based on actual/kutcha bills / taxes paid on purchase or supply of goods & service/purchase bills LTV Bureau Score Maximum FOIR of 50% (FOIR to be calculated as per assessment sheet circulated by credit policy & risk department) Office setup to be permanent structure (Temporary structure/hawkers to be avoided) Assessment of Business should be in existence for 3 years in the same location Business Vintage / 70% of Cost or MV whichever is lower Ownership Min 650/0/-1 The business vintage can be established by any of the below mechanism; Sanction 1. Reference check is mandatory with atleast 5 customers or suppliers. 2. Verification through neighbours on the existence and vintage of business. 3. TVR confirmation from random customers and suppliers 4. Where the place of business of the borrower is of rented nature. TPM to visit or verify telephonically with the owner and confirm the same. 6. Online check of listing of shops may also be verified. 7. Resi cum office profiles not to be funded Sanction to be done by RPM and above Other norms As applicable to Apna Ghar AIP norms 18

APNA GHAR BT UNDER CONSTRUCTION Norms APNA GHAR Eligible Borrowers Self-employed Customer and Salaried Customer with running HL builder purchase or Composite Loan serving regular EMI/pre EMI in BT of HFC. Loan Purpose Builder Profile not to be funded Min and Max Loan Tenure Funding undisbursed amounts by HFCs. Balance Transfer + Additional disbursement together not to exceed original loan amount with current Minimum Seasoning financier from whom the loan is taken over. Maximum Seasoning LTV As per Income Assessment Method under Apna Ghar Repayment Track 240 months Record 12 months - Seasoning of EMI or PEMI can be taken 24 months for composite loan 36 months for builder purchase As per eligibility program No Delinquency in last 12 months Nil bounce (non-technical) in last 6 months in BT loan Not more than one bounce (non-technical) in last 12 months in BT loan Not more than two bounces (non-technical ) in last 18 months in BT loan Must never have been in 30+ DPD and no EMI/PEMI outstanding in BT loan. Loan to appear in Bureau with NIL overdue. Bank statement from where EMI is getting serviced to be collected for past 12 months Eligible financiers HFC registered with NHBI Property Builder properties to be APF projects only Disbursement Self-Construction Plot plus construction Construction to be as per approval plan Toward balance transfer to be funded to respective financial institute. Additional amount to be released post collateral documents and other documents as per LOD received from BT financial institute and no PDD pending Additional amount to be released as per construction linked plan 19

LTV Assessed Income Net Salary Net Profit Income Banking Plus Loan Loan =< INR 30 lacs 90% of COP or 70% of Market Value 90% of COP or 80% of Market Value 90% of COP or 80% of Market Value Home Loan Purchase whichever is lower BT + Top Up of HL (Top Up less Loan > INR 30 lacs than 20 % of Original loan 80% of COP or 60% of Market Value whichever is lower Same as HL LTV BT + Top Up of HL (Top Up 75% of market value greater than 20 % of Original loan Self-Construction Loan =< INR 30 lacs. 100% of construction estimate or 90% of (MV + Construction estimate) - 100% of construction estimate* or 90% of (MV Construction on Owned Plot + Construction estimate*) - Construction on Owned Plot, whichever is lower Loan > INR 30 lacs. 100% of construction estimate* or 75% of (MV + Construction estimate*) - Construction on Owned Plot, whichever is lower HIL *Construction Estimate to be vetted by Asset Valuation Group Composite Loans 100% of the estimate provided for Improvement. Total Cost of improvement not to exceed 45 of the MV of the property financed LAP SORP prior to the improvement LAP SOCP Composite loan - 60% of COP Market Value whichever is lower toward plot purchase and 90% toward cost of construction subject to overall LTV on Market value less than 80% NA 60% NA 50% 20

PREMIUM AFFORDABLE SEGMENT 1 Norms APNA GHAR PREMIUM AFFORDABLE Eligible Borrowers Salaried Customer with formal income and documentation, buying APNA GHAR properties Loan Purpose HL Purchase, Plot plus construction, Self Construction, BT Assessment Method Net Salary Method Applicability All regions PAN INDIA Minimum Monthly Net Salary INR 25,000 – Mumbai and Delhi Bureau Score INR 20,000 – Other Regions OCR 0, -1 and 700 and above Tenure 1. OCR to be verified through banking of both seller and customer (RCU of OCR entries in banking to be done. RCU of seller account to be Loan Amount done) LTV Norms 2. Bank Statement of seller to be collected along with KYC 3. Payment to be made in in the seller account in which OCR was paid Credit Norms 4. Source of OCR to be verified. 240 months Minimum – 10 lacs Loan above INR 30 lacs Maximum – 50 lacs HL Purchase (Builder / Resale) – 80% of COP or 75% of MV Loan upto INR 30 lacs P + C – Plot – 90% of Sale Deed or 60% of MV of plot HL Purchase (Builder / Resale) - 90% of COP or 85% of MV P + C – Plot – 90% of Sale Deed or 60% of MV of plot Const – 90% of Estimate or 200% of MV of plot Total – upto 70% of (MV of Land + Cpnst Estimate) Const – 90% of Estimate or 200% of MV of plot Self Const - Const – 90% of Estimate or 200% of MV of plot Total – upto 80% of (MV of Land + Cpnst Estimate) Total – upto 60% of (MV of Land + Cpnst Estimate) Self Const - Const – 90% of Estimate or 200% of MV of plot Total – upto 60% of (MV of Land + Cpnst Estimate) Other norms as per COG v7 21

PREMIUM AFFORDABLE SEGMENT 2 Norms APNA GHAR Eligible Borrowers Loan Purpose Self Employed individuals carrying out business through permanent set-ups or resi-cum office setups, filing regular ITRs and having Tenure documentary evidence in name of business. Applicability Loan Amount Purchase of Ready Property and Under Construction Property with 75% completion stage. Properties of CAT A builder like Lodha, Runwal, Dosti Assessment Method etc can be funded with completion stage of 30% Reference Check 240 months Vintage Mumbai, Delhi, Jaipur, Ahmedabad, Indore, Pune, Hyderabad and Bangalore. Minimum INR 30 lacs Bureau Score Maximum INR 100 lacs (Mumbai and Delhi) Banking Maximum INR 50 lacs – Jaipur, Ahmedabad, Indore, Pune, Hyderabad and Bangalore. OCR Assessed Income Method. Based on Free Cash Flow assessment (FCF) i.e.( FCF * FOIR – Monthly Obligation) CPV (Personal Visit) At least 5 Business reference checks to be checked LTV and FOIR Where place of business is of rented nature. TPM to verify telephonically with owner and confirm the same. Online shop listing may be verified Residence Stability • Residence stability of atleast 5 years in work area • Borrower and family should be staying in the same city / town in which purchasing the house • The loan document should be mandatorily signed by borrowers in IHFC branch Business Stability • The applicant should be in similar business and operating through same premises for atleast 5 years • Same to be established through reference checks. 650 plus Bank Statement of 12 months to be collected. Banking Behaviour to be analysed ABB to be 0.5 of EMI OCR mandatory through banking channel OCR bank entry and Bank Statement to be RCU verified Source to be verified At Business Placs, Collateral, DD / cheque handover personally, loan documentation signing LTV - 60% of COP or MV, whichever is lower. FOIR – 50% 22

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