Glossary
Loan Eligibility
What it means
Eligibility combines income-based capacity (what EMI you can afford within the lender's FOIR cap, converted to a loan amount at the offered rate and tenure) with asset-based limits (LTV on property, gold or vehicle). The lower of the two applies.
Eligibility differs across lenders because their FOIR caps, income recognition rules and rates differ. That is why a multi-lender comparison often finds a higher amount than a single bank offers.
Where it applies
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
More terms
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