|Who is Eligible||People in permanent service in public or private sector.||Self employed Business - men, doctors, engineers, dentists, architects, CA, CS, consultants, lawyers|
|Loan Amount||Determined by income, current debt, age, retirement age, number of co-borrowers, maximum loan to value, etc.||Determined by income, current debt, age, retirement age, number of co-borrowers, maximum loan to value, etc.|
|Borrower Age at Time of Sanction||Between 21 and 60 (or age of requirement, if lower)||Between 21 and 65|
|Borrower Age at Time of Maturity||Upto 60 (or age of requirement, if lower)||Upto 65|
|CIBIL Score, Credit History||Typically, a clean CIBIL record with a score above 700 is desirable||Typically, a clean CIBIL record with a score above 700 is desirable|
|Minimum Income||Some banks specify minimum income to be eligible for loans||Some banks specify minimum income to be eligible for loans|
|Employment Track Record||Typical requirement of at least 2 years in permanent employment and at least 1 year in current organization, but this varies on a case to case and bank to bank basis. Register your query with MyLoanCare to check this in your case.||At least 2 years in the same profession with ITR filed|
|Balance Transfer||Minimum 12-18 months’ track record of regular repayment of existing loan||Minimum 12-18 months’ track record of regular repayment of existing loan|
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