Please enable JavaScript.
Coggle requires JavaScript to display documents.
LOAN ELIGIBILITY - Coggle Diagram
LOAN ELIGIBILITY
HOME LOAN ELIGIBILITY
:
Permanent resident or Non-resident Indian (NRI)
LTV Ratio Up to 90%
Decided by the lender
Completed /Under Construction Project, Land/Plot, build on own Land, Buy Land and Build Home
Work Experience 2 Years
Salaried or Non-Salaried
Above 750
Rs. 25,000
18 - 70 years
PERSONAL LOAN ELIGIBILITY
Salaried, Business owner, Self-employed professional, Retired, Student & Home maker
Employed/In-business for at least 2 - 5 years
21 - 68 years
Rs.5,000 and above
1 to 3 years & Above
Cibil score of 750 or more
Up to 65% of Income
BUSINESS LOAN ELIGIBILITY
Lenders may offer business loans to only certain cities and towns.
The IT returns for the last 1 year should have been filed.
Applicants should be between the ages of 25 years and 55 years.
Minimum Annual Income (ITR) of Rs.1.5 lakh per annum is required.
The business should be making a profit for the last 2 years.
Minimum 5 years of total business experience is required.
Minimum of 3 years’ experience in the current business is required.
The business may be required to have a minimum turnover of Rs.40 lakh
Entities include partnerships, limited liability partnerships, private limited companies, closely held limited companies, etc.
The loan can be availed by self-employed professionals, self-employed non-professionals, & entities.
Self-employed non-professionals include traders, manufacturers, etc.
Self-employed professionals usually include doctors, chartered accountants, company secretaries, architects, etc. This is subject to the applicants who have proof of qualifications and also are practicing their profession.