Empowering Your Finances

Anyone aged 21 to 60 years with a stable income source—whether salaried or self-employed—is eligible to apply. Additional criteria may depend on the type of loan (personal, vehicle, home, etc.).

The CIBIL score is a 3-digit credit rating (300–900) that indicates your creditworthiness. A score of 750 or above is considered ideal. Lenders use it to assess your repayment history before approving loans

• Pay your EMIs and credit card bills on time
• Maintain a low credit utilization ratio
• Avoid multiple loan applications in a short time
• Monitor your credit report regularly for errors

he standard set of documents includes:

• Identity Proof (Aadhaar Card, PAN Card, Voter ID)
• Address Proof (Utility Bill, Aadhaar, Rental Agreement)
• Income Proof
• For salaried: Salary slips (last 3 months), bank statements
• For self-employed: ITR (last 2 years), bank statements
• Photograph
• Loan application form (duly filled)

Yes, but it might involve:

• Higher interest rates
• A lower loan amount
• Requirement of a co-applicant or guarantor
• Improving your CIBIL score before applying is strongly recommended.

Yes, most financial institutions charge a processing fee (typically 1% to 3%) of the loan amount. This is usually non-refundable.