Household Income
Every household’s income assessed and its repayments tested against the 50% cap before a loan is made.
Why it matters
The RBI caps a household’s loan repayments at 50% of monthly income, yet income is often one guessed figure on a paper form, never checked against the bureau or a passbook.
How the solution handles it
Agents read the income form for every earner, find every household loan at the bureau, cross-check declared income with passbook credits and visit notes, and test repayments against the 50% cap. A credit officer confirms the assessed income and signs; any divergence is explained before income is reported to the bureaus.
How a household is assessed
Five agents read the form, find every household loan, cross-check income, test the 50% cap and write the assessment; a credit officer confirms and signs.
What it reads, and what it hands back.
What goes in
- Household income questionnaire
- Bureau reports for all household loans
- Bank, passbook or wallet statements
- Field visit notes and photos
- Borrower declaration
What comes out
- Assessed household income, cited
- Repayment-to-income ratio (≤ 50%)
- Divergence note for the bureaus
- Eligibility draft
Who uses it
The difference, in numbers.
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
Sources: RBI (Regulatory Framework for Microfinance Loans) Directions, 2022, ¶4.3, ¶5.1 · “Target” = design goal, measured in the live solution · by-hand times typical of field practice · agents = the live solution’s configuration
5 specialist agents. One person decides.
More in this division.
Every group’s file checked member by member, so loans disburse the day after GRT, not a week later.
Over-IndebtednessEvery household’s loans counted across all lenders before one more is added.
Field Officer AssistantEvery field question answered in seconds, in the officer’s language, citing the policy page.
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