The Capital city has a lot of big names in the construction industry who have invested to give out luxury at unbelievable rates. With more urbanization and more comforts therein, home loans have become quite easy to obtain. Delhi has 1210+ agents for loan against home.
No. 901-910,915,917, 9th Floor Antriksh Bhawan, K.G. Marg, Connaught Place, Delhi - 110001
No. D-79, 3rd Floor, Sector 16, Noida - 201301 Get Directions
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Anyone between the ages of 21 and 65 are eligible to apply for a loan, depending on the type of employment. It is to be noted that loan payments are not applicable after retirement.
Minimum Net Annual Income:
A minimum net annual income of 5-7 lakhs is required to apply for a loan, depending on the type of employment. A loan of 50% of the net pay is generally granted to the borrower.
Type of Employment:
There are two types of employment options that come into consideration while applying for a loan- salaried and self-employed. While professionals who are working in a corporate organization fall into the first category, others like doctors, small retail businessmen, etc. fall into the second category.
Status of Employment:
The borrower should have worked in the current job/business/profession for atleast a year, and should have a prior work experience of a minimum of two years.
Type of residence:
The borrower is applicable for a loan irrespective of whether he stays in an owned/rented property.
Status of Residence:
The borrower should have resided for a minimum of one year at his/her current residence.
The credit rates which are accepted differs from one financial organization to another. However, a good credit rate as recognized by the credit bureau should make the borrower eligible for the loan.
Eligibility Criteria for Personal Loan in Bangalore