homeloans tips who can buy

Who can buy ?

Personal Loans are provided  only to resident individuals. Further criteria to decide eligibility are detailed below:  

1. Age – Minimum age of 25  and maximum age of 65. Used to judge whether the person would be working and earning during the duration of the loan.
2. Minimum Salary Requirements- Used to estimate capacity of a person to repay him at bank.
3. Years in current profession/job – Check stability of a person in his profession and earnings.
4. Years in Current Residence- Stability and intention of the person to stay in the same city.

Please note that IT Professionals or the people in similar professions who travel abroad very frequently can also get personal loans but they may be required to furnish a guarantor for the same.