What is it: Unsecured loan based on income, job stability, employer category and credit score. No collateral required.

Who can apply:

• Salaried individuals with regular salary credit
• Minimum 6-12 months job stability (varies by lender)
• Good credit score (typically 750+)
• Selected self-employed professionals (case basis)

Common uses:

• Medical emergencies & hospitalizations
• Wedding expenses & family functions
• Travel, vacation or education gap funding
• Debt consolidation (combining EMIs)

Typical documents required:

• KYC documents (Aadhaar, PAN, address)
• Last 3-6 months salary slips
• Last 6 months bank statement
• Form 16 or last 2 years ITR
• Employment verification letter

Key points:

• Loan amount: ₹50,000 to ₹25 lakhs (profile based)
• Tenure: 1 to 5 years typically
• Processing: 2-7 working days for approval
• Prepayment charges may apply

What is it: Term loan or working capital for businesses based on sales, profit, banking and business vintage.

Who can apply:

• Shopkeepers, traders, retailers & wholesalers
• Small manufacturers & service providers
• Professionals (doctors, CAs, consultants)
• Minimum 1-3 years business vintage
• Regular banking & GST filing (preferred)

Common uses:

• Stock purchase & inventory funding
• Machinery, equipment or vehicle purchase
• Business expansion & new branch setup
• Working capital for operations

Typical documents required:

• KYC of proprietor/partners/directors
• Business registration (GST, Shop Act, Trade License)
• Last 2 years GST returns & ITR
• Last 12 months bank statement
• Basic financials (P&L, Balance Sheet)
• Existing loan details (if any)

Key points:

• Loan amount: ₹1 lakh to ₹50 lakhs+ (profile based)
• Tenure: 1 to 5 years for term loans
• CC/OD: Revolving credit with annual renewal
• Collateral may be required for higher amounts

What is it: Housing finance for purchase, construction or improvement with structured EMIs and longer tenure.

Who can apply:

• Salaried employees with stable income
• Self-employed business owners & professionals
• Age: 21-65 years (varies by lender)
• Good credit score & repayment capacity
• Co-applicants can improve eligibility

Types covered:

• Purchase of ready/under-construction property
• Land purchase + construction
• Home construction on owned land
• Home extension or improvement

Typical documents required:

• KYC & income documents (as per profile)
• Property documents (sale deed, chain, map)
• Builder/seller documents & NOCs
• Allotment/possession letter
• Property valuation & legal verification
• Existing loan/property details (if any)

Key points:

• Loan amount: Up to 80-90% of property value
• Tenure: 10 to 30 years typically
• Processing: 15-30 days (property checks included)
• Tax benefits: Section 80C & 24(b) available

What is it: Secured loan by mortgaging property while ownership remains with you. Used for business or personal needs.

Who can apply:

• Property owners (residential/commercial)
• Salaried & self-employed individuals
• Business owners needing large funding
• Property should be clear or manageable loan
• Age & income as per lender norms

Common uses:

• Business expansion & large capital needs
• Debt consolidation (multiple loans)
• Working capital for growing businesses
• High-ticket personal needs

Typical documents required:

• KYC & income proof documents
• Complete property documents (sale deed, chain)
• Approved building plan & completion certificate
• Property tax receipts & utility bills
• Existing loan closure/NOC (if applicable)
• Legal & technical valuation (by lender)

Key points:

• Loan amount: 50-70% of property market value
• Tenure: 5 to 20 years typically
• Processing: 15-30 days (property checks required)
• Eligibility based on income & property value

What is it: Loans for new cars, used cars and commercial vehicles with hypothecation to lender.

Who can apply:

• Salaried individuals with stable income
• Self-employed business owners & professionals
• Age: 21-65 years (varies by lender)
• Good credit score & clean history
• Valid driving license required

Types covered:

• New car purchase (all brands & models)
• Used/pre-owned car (3-7 years old)
• Commercial vehicles (select lenders)
• Two-wheeler loans (some banks)

Typical documents required:

• KYC & income documents (as per profile)
• Vehicle quotation/proforma invoice (new)
• RC copy & valuation report (used car)
• Insurance documents (comprehensive)
• Down payment proof (if paid)
• Existing loan details (if any)

Key points:

• Loan: 80-90% on-road price (new), 70-80% (used)
• Tenure: 1 to 7 years typically
• Processing: 2-7 working days
• Prepayment charges may apply

What is it: Instant loans against gold jewelry with same-day disbursement and secure storage.

Who can apply:

• Anyone owning gold jewelry or ornaments
• Age: 18-70 years typically
• Salaried, self-employed, homemakers eligible
• Minimal documentation required

Common uses:

• Medical emergencies requiring instant cash
• Business working capital needs
• Personal expenses & bill payments
• Short-term funding requirements

Typical documents required:

• KYC documents (Aadhaar, PAN)
• Address proof (utility bill, passport)
• Gold ornaments/jewelry for pledge
• Purity certificate (if available)

Key points:

• Loan: Up to 75% of gold value
• Tenure: 6 months to 3 years
• Processing: Same day disbursement
• Secure storage with insurance
• Interest-only payment option available