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What are the eligibilities to obtain a loan?

April 26, 2017eligibilities loan obtain

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What are the eligibilities to obtain a loan?

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A According to most lending institutions, any Indian resident who is over 21 years of age at the beginning of the loan and below 65 at its maturity can avail of the loan. Salaried employees as well as Self-Employed citizens can apply. NRI Salaried and NRI Self-Employed, under RBI guidelines, can approach only nationalized banks and other HFCs for loans.