- Applicant Should be a Citizen of India.
- Minimum Age 21. Maximum Age at the time of application is 50 Years for Private sector employees / Professionals and 55 for Govt. and Public sector undertakings.
- Co applicant is mandatory for all loans.
- Applicants should be full-time employees who are on the regular / permanent rolls of the Company who have completed two years unblemished service regardless of rank and position.
- The total deductions from the monthly salary including the instalment of the loan availed shall not exceed 60% (FOIR)of the net take home salary.
- Advance taken from the company as part of salary advance which is not exceeding for a period of six months can be excluded from calculating the FOIR.
- The track should be clean and No DPD above 30+ shall not be consider for granting loan under this product.
- Minimum Net Monthly salary should be of Rs.15000/-.
- Maximum Loan to be restricted to 5 times of Net Salary.
- Minimum monthly pension should be Rs. 20000 in the case of pensioners
- Self-employed-Minimum 2-year vintage.
- Minimum Cibil Score 650.
