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📘 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.

The criteria most applications are measured against

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Identity & Age

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

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Income Strength

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

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Credit History

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

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 (Loan Against Property)

  • Property ownership and title clarity
  • Income or repayment source
  • Valuation and legal review

* For Car Loans, Housing Loans, and CGTMS, additional product-specific criteria apply (vehicle age, LTV, government scheme eligibility).

✅ 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

Typical eligibility benchmarks by product

Indicative ranges – final approval depends on overall profile review.

Product Min Income (Salaried) Min CIBIL Age Range Work/Business Stability
👤 Personal Loan₹15,000/month650+21–60 yrs1+ years in current job
💼 Professional Loan₹20,000/month (ITR basis)700+25–65 yrs2+ years practice/business
🏢 Business Loan₹3L ITR p.a.680+25–65 yrs3+ years business vintage
🏠 LAP₹25,000/month or ₹3L ITR650+21–65 yrsIncome + property title clear
🚗 Car Loan₹15,000/month650+21–65 yrs1+ year employment/business
🏡 Housing Loan₹20,000/month or ₹2.5L ITR700+21–70 yrs2+ years work/business
🏭 CGTMSAs per MSME criteriaNo strict minimum21–65 yrsBusiness registered under MSME

📞 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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