- Eligibility Factors
- Documents Required
- Loan Verification Process
- Rate of Interest
Minimum application age – 18
Maximum repayment age – 75 years (60
for non-pensionable salaried applicants)
Credit score –
CIBIL score of applicant considered
Application, income proof, identity proof, address proof, proof of business existence, bank statement, photo, title clearance report.
Loan verified based on income, eligibility, CIBIL score, Loan to Value and documents submitted.
Available to salaried, self-employed, professionals, businessmen, farmers, NRIs and PIOs.
Minimum net income (monthly)
60 times of gross monthly income offered as a loan to a salaried person, 40 times in case of businessmen.
2-3 years of permanent employment in case of a salaried individual. 3 years in case of business and profession.
Specified minimum and maximum RBLR and subject to CIBIL score, LTV and loan tenure. Presently the rate of interest is reported to start from 8.65% per annum.