This isvery common question, that if i am already having loan can bank give me new loans. What bank will consider while giving me loan.
Basically bank consider EMI/NMI ratio while giving second or third loan to customer. Most of the bank consider that EMI/NMI ratio should not exceed 50% than only banks go for second or third loans.

I have given example below to understand the concept of EMI/NMI ratio. :

Annual salary is 6 Lacs ( monthly 50000)
50% of 50000 Lacs = 25000/-

Personal Loan : 6000/-
Car Loan : 8000/-

New Home Loan can have max
EMI : (25000-14000) = 11000


Murari Garg
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