Loan Eligibility
All three borrower categories can apply for home loans and property loans. Find out what applies to you.
👔 Salaried Employees
Government and private sector employees with a regular monthly salary. This category typically gets the best interest rates and highest LTV ratios from banks.
Basic Eligibility
- ✓ Age: 21–70 years (at loan maturity)
- ✓ Minimum 6 months in current organisation
- ✓ Total work experience: 2+ years
- ✓ Minimum monthly income: ₹25,000+
- ✓ CIBIL score: 700 minimum (750+ for best rates)
- ✓ FOIR (loan EMIs as % of income): max 40–50%
Documents Needed
LTV Ratios (RBI Guidelines)
Example: For a ₹50L home, a salaried borrower can get up to ₹40L loan (80% LTV). Down payment required: ₹10L.
Apply as Salaried →🏪 Self-Employed / Business Owners
Both small informal businesses and large formal businesses can get loans. The lender we approach depends on whether you have ITR and GST filed.
Small Business
Without ITR / Without GST
Micro and small business owners who earn below the ITR threshold or aren't required to register for GST (turnover below ₹20–40L). Banks often reject these profiles outright — but NBFCs and Housing Finance Companies evaluate them differently.
How We Get You Approved
- ✓ Income assessed via 12–24 months bank statements
- ✓ Business proof: trade license, Udyam registration, lease agreement
- ✓ Business vintage required: 2–3 years minimum
- ✓ NBFC lenders used (ICICI HFC, PNB HFL, Bajaj Finserv, etc.)
- ✓ Home Loan LTV: 50%–70% of property value
- ✓ Business loan amounts: ₹1L–₹50L
Large / Formal Business
With ITR + GST
Established traders, professionals (doctors, CAs, architects), proprietorships, partnerships, and private limited companies who file ITR and GST returns regularly. This profile qualifies for the best rates and highest loan amounts.
Documents Required
- ✓ 2–3 years ITR with computation sheets
- ✓ CA-certified P&L and balance sheet (2–3 years)
- ✓ 12 months GSTR-3B returns
- ✓ 6–12 months business bank statements
- ✓ Business registration + GST certificate
- ✓ PAN, Aadhaar, address proof
✈️ NRI (Non-Resident Indians)
Kerala has one of India's highest NRI populations — particularly Gulf workers in UAE, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain. We have extensive experience facilitating NRI home loans with full local support including Power of Attorney assistance.
Eligibility: NRIs can apply on the basis of both salary income and business/self-employment income from abroad. Repayment must be through an NRE or NRO account in India.
NRI-Specific Conditions
- ✓ Must have stayed abroad for at least 6 months–1 year (bank-specific)
- ✓ Minimum 3 years total work experience (6 months+ abroad)
- ✓ Age: 23–60 years (at loan maturity: up to 70)
- ✓ Loan repayment only via NRE or NRO account in India
- ✓ Loan amount in INR only (no foreign currency loans)
- ✓ Property must be in India (cannot be agricultural land/farmhouse)
- ✓ Power of Attorney required — we help you set this up
- ✓ Tax benefits: Section 80C + Section 24(b) available
NRI Documents Required
Salaried NRI
Salary slips (3–6 months), employment contract, appointment letter, overseas bank statements (6–12 months)
Self-Employed NRI
3 years overseas ITR (if filed), business balance sheet, overseas bank statements (6 years current account), business registration
Common for Both
Passport, visa, NRE/NRO account statements, PAN card, Aadhaar (if available), PoA document
🏦 Kerala NRI Specialists
Federal Bank, South Indian Bank, and Dhanlaxmi Bank are Kerala-headquartered with dedicated NRI loan desks. We have strong relationships with all three, as well as SBI, HDFC, and ICICI for NRI loans.
Apply as NRI →Quick Eligibility Summary
| Category | Home Loan | LAP | Business Loan | Takeover |
|---|---|---|---|---|
| Salaried | ✅ Yes | ✅ Yes | ❌ No | ✅ Yes |
| Self-Employed (No ITR) | ✅ Via NBFC | ✅ Yes | ✅ NBFC/Mudra | ✅ Yes |
| Self-Employed (ITR+GST) | ✅ All banks | ✅ Yes | ✅ All banks | ✅ Yes |
| NRI (Salaried abroad) | ✅ Yes | ✅ Yes | ❌ No | ✅ Yes |
| NRI (Business abroad) | ✅ Yes | ✅ Yes | ❌ No | ✅ Yes |
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Apply for a Loan — It's FreeSalaried • Self-Employed • NRI — All categories welcome