caprooverseasgroup

Eligiblity

Minimum Age Requirement: Applicants must be at least [minimum age] years old.
Maximum Age Limit: Applicants should not exceed [maximum age] years old at the time of loan maturity.

Minimum Income Level: Applicants must demonstrate a stable income that ensures they can comfortably handle loan repayments.
Financial Stability: Evidence of financial stability through income statements, tax returns, or other financial documents may be required.

Salaried Individuals: Proof of current employment, including job tenure and salary slips, may be required.
Self-employed Individuals: Business registration documents, financial statements, and proof of business continuity may be necessary.

Credit Score: A good credit score is crucial for loan approval.
Credit Report: A detailed credit report may be requested to assess the applicant's repayment history and financial behavior.

ID Proof: Valid government-issued identification document (e.g., passport, Aadhaar card, PAN card).
Address Proof: Recent utility bills, rental agreement, or Aadhaar card with current address.
Income Proof: Salary slips, bank statements, or income tax returns for salaried individuals. Financial statements, profit & loss statements, and tax returns for self-employed individuals.
Business Documents: Business registration certificate, GST registration (if applicable), and other relevant business documents for self-employed applicants.

Business Loan: Additional requirements may include business plans, projections, collateral details (if applicable), and purpose of the loan.
Personal Loan: Requirements may vary based on the loan purpose, with specific documentation and income criteria aligned with the loan type.

Legal Issues: Applicants with pending legal matters or adverse legal history may face restrictions in loan approval.
Previous Loan Defaults: Applicants with a history of loan defaults may be disqualified or may receive less favorable terms.
Other Disqualifying Factors: Specific restrictions related to the lender's policy or regulatory requirements.

Collateral: Requirements for secured loans, including details of the collateral being offered (e.g., property, securities).
Guarantor Requirements: Some loans may require a guarantor who can provide additional financial security.
Specific Conditions: Any other conditions specific to the loan product, such as insurance coverage, loan processing fees, or prepayment penalties.