What do you mean by loan classification? Discuss the various types of loan classification with example.

Suppose, Adit Enterprise took loan from Loyal Bank Ltd. The present loan outstanding is 50 lacs. There is 10 lac Taka unrealized interest in the Interest suspense account. Other collaterals are as follows :

(i) The value of mortgaged land is Taka 30 lacs.
(ii) The value of a Tin shed is Taka 10 lacs.
(iii) The value of pledged goods is Taka 10 lacs.
(iv) Taka 10 lacs of deposit is kept lien against the loan.

What is the total value of eligible collateral and base for provision?