| Question And Answer | |
|---|---|
| Subject: | bank loans |
| Category: | General Law |
| Querist: | kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | loan |
| Date: | April 15, 2025 |
Sir, A small business person itr filed last 3 years details mentioned below Sales turnover 3 years rs:1,15,00000/- Profit declared 3 years rs:13,30,000/- Question: A person how much od loan available from bank itr returns based.
As far as I am aware, Banks normally offer a working capital limit of 20–25% of the annual turnover for MSMEs. They also consider profitability to ensure loan repayment.
I suggest you Visit the nearest branch and speak to the relationship manager to confirm the exact OD limit, as it depends on the bank’s internal assessment, credit rating, schemes etc.
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