ONE PAGER POLICY

Loan Amount- Minimum 1.00 lac- Max 10 lacs

Age- Min 21 at time of login and Max age 60 at time of loan maturity

Tenure- 12 to 60 months ( Cat- D, Cat- E- max tenure is 48 months)

Address proof

 KYC’s ( Aadhar acknowledgment will not accept)

 HR letter for only Super CAT A, CAT A and CAT B profiles

 Rental Agreement any price value and owner name should be match with E-Bill (rental agreement
should 30 days older from login date)

 Gas bill of central govt company like Bharat gas, Indian gas, HP gas can be accepted.

 Mobil bill will accept.

Company categorization- CAT A, CAT B, CAT C, CAT D, CAT E (Partnership firms/ LLP)

Income Norms-

Minimum Income
Company Category
(Net take home)*
Super Cat- A /Cat-A /Cat- B/Cat- C/Cat-D >25k
Hospital, school and Trust >25k
Government (Excluding Grade IV employees) >25k
Cat-E (Partnership/LLP) >30k

Below incomes can be added-

a) Rental income- capped at 50% of salary (Regular six months credit in bank account or
income from rent in ITR to be validated in latest ITR)
b) Pension income- If the applicant is currently salaried and also receiving pension from past
service, in that case pension that can be added for eligibility but cannot be more than 50% of
the net current salary. (pension bank account statement for 6 months mandatory, family
pension not to be considered)
c) Quarterly incentive- 50% of the average monthly incentives

d) Overtime / Any other one-time bonus cannot be considered

Minimum bureau/repayment parameters-

 Min CIBIL of 670 (NTC restricted)
 Should not have any account 90+ DPD in last 9 months & 60+ DPD in last 6 months
 No account containing Write-off/Settled/Restructured in last 18 months
 Not more than 5k overdue in any live tradeline
 Age of the bureau to be more than 12 months
 No. of unsecured inquiries (only PL and CC) in last 3 months to be not more than 9
 Not more than 2 obligatory bounces in last 3 months
Residence stability- Min residence stability of 6 months (PG, hostel accommodation cannot be
funded), CPV at permanent address is required in case of bachelor accommodation.

Employment stability-
Govt, Super Cat-A/A/B/C – 6 months in current employment and minimum one (1) year overall
working experience
Cat-D/Cat-E – One (1) year in current employment and minimum two (2) years overall working
experience
Hospital, School and Trust profile, Minimum 1 year job stability in current organization
(Employment stability proof req).
Drives will not fund.

Other Norms-
 In case the applicant works in a Partnership firm (Cat-E)- Valid OHP required, Max loan amt
will be 5 lacs, min NTH salary should be 30k, Form 16 or Form 26AS mandatory
 In LLP cases OHP not required.
 Class/ Grade IV- employees cannot be funded , in case of govt firm
 Max loan amount will be 5 lacs in case applicant stays in shared bachelor accommodation
 Cat-D company can fund 7.5 lacs with >1lacs LA with minimum 9 months vintage.
 Date of incorporation should be more the 3 years

MULTIPLIER

Super Cat A/ Cat Cat Cat Cat D/ Cat

Income Govt A B C E
Loan Eligibility: >25-
FOIR 50K 18 16 13 12 10
>50K-
75K 22 20 18 16 14
>75K 25 23 20 18 15

FOIR
Income Govt./Super Cat- A /A/B/C Cat-D/ Cat-E
<=35k 60% 50%
>35-50K 65% 55%
>50k 70% 60%
# No deviation allowed to multiplier norms
● 5% of the Credit card outstanding to be obligated, other obligations to
Obligations be considered as per monthly EMIs paid
● Credit card o/s shall not be more than 6 times of monthly net salary
● More than 3 EMI’s will consider as Obligation