Eligibility
Individuals competent to contract under the Indian Contract Act.
Income
Net income of at least ₹5,000 per month for salaried persons, or annual income of at least ₹60,000 for others.
Loan Amount
Capped at ₹1,00,000.
Security
A clean loan — no security is normally required, though collateral in the form of liquid security may be requested depending on the case.
Guarantee
Personal guarantee of two solvent third parties.
Period of Loan
Repayable in 36, 48, or 60 equated monthly instalments (EMI).