One simple guide to check whether you qualify for a Credit Card, Personal Loan, Car Loan, Home Loan, Top-up Loan, Loan Against Property, Loan Against FD, Consumer Durable Loan or Education Loan — explained in plain language for the common applicant, with the exact underwriting parameters bankers actually use.
Select a loan type, enter your details, and get a quick estimate of your eligible loan amount using the standard multiplier / FOIR method commonly used by banks and NBFCs for initial screening.
In simple words, eligibility is the bank's answer to one question: "If we lend this person money, how confident are we that they will repay it on time?" Banks answer this by checking five things for almost every loan — your age, your income and its stability, your existing debt burden, your credit score (CIBIL), and the value of any security or collateral you offer. The exact numbers differ by loan type, which is why we've broken each one down separately below.
Age, residency, employment typeSalaried / self-employed / professional
Monthly income & stabilitySalary slips, ITR, bank statements
Existing EMIs & FOIRFixed Obligation to Income Ratio
CIBIL / credit bureau scorePast repayment behaviour
21 – 60 yearsAdd-on cards from 18 years
₹15,000 – ₹25,000/monthSalaried; varies by card variant
₹2.5 – ₹6 lakh p.a.Depends on card category
750+ preferred650–749 possible on secured/entry cards
1+ yearCurrent employer/business
Considered in FOIRToo many live cards can reduce eligibility
21 – 60 yearsUp to 65 at some NBFCs
₹20,000 – ₹25,000/monthSalaried, metro cities
₹3 lakh+ p.a.Stable profit for 2–3 years
700+ (750+ ideal)Below 700 = higher rate or rejection
1+ year job / 2+ years businessContinuity matters more than growth
40% – 55%Total EMIs incl. new loan ÷ net income
21 – 65 yearsAt loan maturity, usually up to 70
₹20,000/monthSalaried; varies by car segment
₹2.5 lakh+ p.a.2 years' ITR generally sought
700+ preferredLower scores get higher margin/rate
Up to 85% – 90%Of on-road price for new cars
Up to 7 yearsShorter for used cars
21 – 65 yearsLoan must close before retirement age, typically
₹25,000/monthHigher in metro cities for bigger loans
₹3 lakh+ p.a.Stable/growing profit, 2–3 years' ITR
700+ (750+ for best rate)Directly affects interest rate slab
75% – 90% of property valueAs per RBI's LTV slabs; lower for high-value homes
40% – 65%Higher slab for higher income brackets
Up to 30 yearsSubject to age at maturity
Existing home loan track recordUsually needs 6–12 months of regular EMI payment
700+ preferredNo history of missed home-loan EMIs
Based on current property value minus outstanding loanCombined LTV usually capped at 75–80%
Fresh FOIR assessmentSome lenders skip full re-verification for clean repayers
Co-terminus with home loanCannot exceed remaining home-loan tenure at most banks
21 – 65 yearsAt loan maturity, typically up to 70
₹25,000 – ₹40,000/monthSalaried
Stable business/profession, 3+ yearsITR & business proof required
700+ preferredClean repayment history important
50% – 70% of property valueLower than home loan LTV as this is not for purchase
Up to 15–20 yearsShorter for commercial property
An active FD with the same bank/NBFCHeld singly or jointly (with lien marking)
Any adult FD holderMinors' FDs generally not eligible
Usually not requiredFD is 100% collateral
75% – 90% of FD valueSlightly less if FD is interest-cumulative
Up to the FD's remaining maturityCannot exceed original FD tenure
21 – 60 years18+ at some fintech/NBFC lenders
₹10,000 – ₹15,000/monthSalaried; can be lower for small ticket sizes
650+ often sufficientSome lenders use alternate/bureau-lite scoring
₹3,000 – ₹5 lakhCost of the product/appliance
3 – 24 monthsMatched to EMI scheme at the store
Indian national, admission confirmedRecognised institute in India or abroad
Parent/guardian/spouse requiredTheir income & CIBIL are jointly assessed
Up to ₹7.5 lakh – ₹10 lakhUnder Model Education Loan Scheme, subject to bank policy
Typically above ₹7.5 lakh – ₹10 lakhThird-party guarantee or tangible security
700+ preferredEspecially for unsecured/high-ticket loans
Course period + 6–12 monthsEMI starts after this moratorium
A simple way to remember why eligibility norms differ so much across these 8 products.
| Loan Type | Secured / Unsecured | Typical CIBIL Ask | Main Eligibility Driver |
|---|---|---|---|
| Credit Card | Unsecured (or FD-secured) | 750+ | Income & bureau history |
| Personal Loan | Unsecured | 750+ | Income stability & FOIR |
| Car Loan | Secured (vehicle hypothecation) | 700+ | Income + vehicle LTV |
| Home Loan | Secured (property mortgage) | 700+ | Income + property LTV |
| Top-up Loan | Secured (existing mortgage) | 700+ | Repayment track record |
| Loan Against Property | Secured (property mortgage) | 700+ | Property value + income |
| Loan Against FD | Fully Secured (own FD) | Not required | FD value only |
| Consumer Durable | Unsecured | 650+ | Bureau-lite instant scoring |
| Education Loan | Secured above threshold | 700+ (co-applicant) | Co-applicant income + institute |