Every loan an Indian can take — and what it takes to qualify.
Solvifin checks your eligibility across every RBI-registered lender in India — banks, NBFCs, housing finance companies, small-finance and cooperative banks — for all 10 major loan types. Here's each one, who it's for, and exactly what you'll need.
What everyone needs (the basics)
You should be an Indian resident, 18+, with valid KYC (Aadhaar + PAN), an active bank account, and proof of income suited to the loan (salary slips/Form-16 for salaried, ITR/GST/bank statements for self-employed). For secured loans you also need the asset — property, vehicle or gold. A healthier credit score (CIBIL 750+) gets you better rates.
Requirements below are typical — the exact criteria are set by each lender.
Personal loan
For weddings, medical bills, travel, debt consolidation — any personal need.
You'll typically need
- Age 21–60, steady income (salaried or self-employed)
- Credit score usually 700+
- KYC + last 3–6 months' bank statements
- No collateral
▾ See rates & lenders
Home loan
To buy, build or renovate a home or plot.
You'll typically need
- Stable income; loan should close by ~age 70
- Property with a clear title
- 10–25% of the price as down payment
- Co-applicant income helps you qualify for more
▾ See rates & lenders
Business / MSME loan
Working capital, equipment, or expanding your business.
You'll typically need
- Business running 1–3+ years
- GST/ITR filings + bank statements
- Udyam (MSME) registration
▾ See rates & lenders
Vehicle / car loan
Buying a new or used car.
You'll typically need
- Income proof, age 21–65
- Credit score ~650+
- A down payment (lenders fund ~85–90% of on-road price)
▾ See rates & lenders
Two-wheeler loan
Buying a bike or scooter.
You'll typically need
- Income from about ₹12,000–15,000/month
- Age 18+, valid KYC
- A small down payment
▾ See rates & lenders
Education loan
Higher studies in India or abroad.
You'll typically need
- Admission to a recognised institution
- A co-applicant (usually a parent) with income
- Course fee structure & academic records
▾ See rates & lenders
Gold loan
Quick cash against gold jewellery or coins.
You'll typically need
- Gold to pledge, age 18+
- Valid KYC
- Minimal income / credit checks
▾ See rates & lenders
Loan against property (LAP)
Large needs at a lower rate, using property you already own.
You'll typically need
- Residential or commercial property with clear title
- Income proof + KYC
- Property valuation
▾ See rates & lenders
Consumer durable loan
Phones, laptops, appliances — often on no-cost EMI.
You'll typically need
- Income + a basic credit history
- KYC — usually approved at the store
▾ See rates & lenders
Microfinance loan
Small collateral-free loans for low-income households & tiny businesses.
You'll typically need
- Annual household income up to ₹3 lakh
- Usually a joint-liability group
- Basic KYC
▾ See rates & lenders
Solvifin is a loan-comparison & referral platform, not a lender. Requirements, rates and RBI limits shown are indicative and may change — final eligibility is decided by the lender. See our Disclaimer.