Frequently Asked Questions - Gen CMA/EMI Software

FAQs - Gen CMA/EMI

Answer: CMA data is an abbreviation of Credit Monitoring arrangement data. The working capital finance information about income, expenses, assets & liabilities has to be reported by an applicant in a particular format to apply for working capital loan i.e. CC/OD limits. This particular format is known as CMA Report / CMA Data.

CMA data is required to identify borrowing capacity of an entity. However, even after availing finance from the bank, the applicant may need to submit CMA-data from time to time. The period for which such data has to be reported may change from bank to bank.

A loan applicant has to report the following information as CMA-data in particular format:

  • Audited Profit and Loss (P & L) account & Balance Sheet of at least last one year.
  • Provisional (or) projections of next at least 2 years or more.
  • Estimates of the current year
  • Funds Flow Statement,
  • Ratio Analysis,
  • Comparative Statement of Current Assets & Current Liabilities
  • Statement of Maximum Permissible Bank Finance.

Answer: There are two different methods of preparing CMA data

  • On a ratio basis
  • On Percentage basis

Answer: An EMI stands for Equated Monthly Installment (EMI). It refers to that fixed amount which the borrower has to pay every month towards repayment of loan he took (or) Insurance he booked.

Amount of EMI is ascertained on the basis if loan tenure, Rate of interest applicable and the amount of loan granted. For example, the Amount of EMI can be lowered down for a particular loan amount and interest rate if the loan tenure is increased.

Our loan EMI calculator can show you how you can lessen your current EMI by increasing your loan tenure. Check it out!

Note: Banks allow to increase the loan tenure only up to retirement age, not beyond than that.

EMI has two components - Interest amount and Principal amount. An EMI calculator can help you know the EMI amount payable loan, No. of EMI to be paid, the total amount of repayments that will contribute to interest and principal, the interest amount and so on.

Answer: Our clients need to answer and resolve multiple queries & problems of their different clients on a regular basis. Considering them, we have provided add on features in this CMA/EMI calculator. These features are as follows:

  • Converter
  • Investment Maturity
  • Present value calculation
  • Present Value
  • Depreciation: SLM (Straight Line Method), WDV (Written Down Value Method)
  • EMI

Answer: Ratio based method is the more advanced and more comprehensive method of preparing CMA data in comparison to the percentage based method. Ratio based method considers a wider picture of the financial aspect of business and analyses the data such as Trading and Profit & Loss account, Balance sheet, Fund Flow, Comparative Ratio Analysis (Ratio Wizard) in the more enhanced way then the percentage based method. Nowadays banks asks for ratio basis CMA data while applying for CC/OD limits.

Answer: Kinds of Loans for which the CMA/EMI calculator can be used are as follows:

  • Personal Loan
  • Education Loan
  • Credit Card
  • Loan against Property (Mortgage or Collateral)
  • Car Loan
  • Home Loan

Kinds of Insurance for which the CMA/EMI calculator can be used are as follows:

  • Life Insurance
  • Car Insurance
  • Health Insurance

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