Loan Eligibility

How to get it?

Check which category you fit into first. Depending on the kind of work you do, our requirements to give you a loan will be different.
Are you paid a regular salary?
This category includes salaried doctors, CAs, employees of select public and private limited companies, government sector employees such as public sector undertakings and central, state and local bodies.
You should:

• Be 21-60 years of age.
• Have had a job for at least 6 MOnth & 0 years, and a minimum of 6 Month with your current employer.
• Earn at least Rs. 12,500/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai and Hyderabad, Rs. 12,500 in Calcutta, Ahmedabad and Cochin).

Documents you will need to submit:

• Proof of your identity: Copy of Pan Card / Aadhar Card / passport / Voter’s ID card / driving license
• Proof of your address: Copy of Aadhar card / telephone or electricity bill / rental agreement/passport
• Your last 3 months bank statement / 6 months bank passbook
• Your most recent 3 month salary slip or current dated salary certificate with the latest Form 16.

Are you a self-employed professional?
This category includes self-employed doctors, chartered accountants, architects, and company secretaries.
You should:

• Be 25-65 years of age.
• Be in business for 3 years depending on your profession.
• Earn at least Rs. 5,00,000 per year

What we need to see from you:

• Proof of your identity: Copy of Pan Card / Aadhar Card / passport/voter’s ID card/driving license.
• Proof of your address; Aadhar Card /telephone or electricity bill/rental agreement/passport copy/trade license/sales tax certificate/Establishment/ Sales Tax certificate.
• Last 6 months bank statements/passbook.
• Copy of latest income tax return (ITR) along with computation of income, balance sheet (B/S) and profit and loss (P&L) a/c for the last 2 yrs. certified by a CA
• Qualification proof of the highest professional degree.

Are you a self-employed individual?
This category includes self-employed sole proprietors, partners and directors in the business of manufacturing, trading or services.
You should:

• Be 25-65 years of age.
• Be in the business for at least 3 years in your current organisation, with 5 years of total experience.
• Earn at least Rs. 5,00,000 per year

Documents you will need to submit:

• Proof of your identity: Copy of Pan Card / Aadhar Card / passport/voter’s ID card/driving license.
• Proof of your address: Copy of Aadhar Card /telephone or electricity bill/rental agreement/passport copy/trade license/Sales Tax Certificate/Est./ Sales Tax certificate
• Last 6 months bank statements/passbook.
• Copy of latest income tax return (ITR) along with computation of income, balance sheet (B/S) and profit and loss (P&L) a/c for the last 2 yrs. certified by a CA
• Proof of continuation (Trade license /Establishment /Sales Tax certificate).
• Other mandatory documents are Sole Proprietor Declarations or Certified Copy of Partnership Deed, Certified Copy of Memorandum of Association (MOA), Articles of Association (AOA) and Board resolution.

Are you self-employed? (Private Companies and Partnership Firms)
If you own a private company or are a partner in a partnership firm in the business of manufacturing, trading or services, this loan is for you.
You should:

• Be in the business for at least 3 years in your current organisation, with 5 years of total experience
• Be making a profit for the past 2 years.
• Earn a minimum of Rs. 1,00,000 per year.