Eligibility Guide

What lenders commonly review before approving a loan

Eligibility is not just one number. Income, repayment history, profile stability, business performance, and document quality all influence the outcome.

Core Checks

The criteria most applications are measured against

Identity and age

Valid KYC and age within the lender's accepted range are the starting checks for any application.

Income strength

Salaried income, business turnover, or professional receipts are assessed for repayment capacity.

Credit history

Repayment track record, existing obligations, and score trends help indicate borrowing discipline.

By Product

How eligibility differs by loan type

Personal Loan
  • Regular income flow
  • Reasonable EMI-to-income ratio
  • Credit score and repayment discipline
Professional Loan
  • Qualification and practice proof
  • Stable professional income
  • Business continuity and banking pattern
Business Loan
  • Business vintage and turnover
  • Bank statement quality
  • GST, ITR, and cash flow strength
LAP
  • Property ownership and title clarity
  • Income or repayment source
  • Valuation and legal review

What improves approval readiness

  • Consistent bank credits and low cheque bounce history
  • Lower existing EMI burden relative to monthly income
  • Clean and current KYC and address records
  • Income proof that aligns with the requested loan amount
  • Clear explanation of loan purpose where asked

What can slow or weaken an application

  • Frequent missed EMIs or unresolved overdue accounts
  • Mismatch between income records and banking behaviour
  • Incomplete business or property documentation
  • Very recent job changes or unstable residence history
  • Applying for a loan amount disproportionate to income profile

Want help checking your profile before you apply?

Contact us if you want to discuss which product fits your income pattern and document position best.

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