What you mean by Infrastructure construction loan Eligibility Criteria?
Are you looking to do construction on your new or existing infrastructure? Then,
infrastructure construction loan helps you to make it done right here from
mapping process to implementation of project with ease way to opt for loan. Just
need to check few eligibility criteria as required.
Infrastructure construction loan Eligibility Criteria
Usually, Infrastructure construction loan Eligibility Criteria depends on several
factors like age of applicant, business income of co-applicant & residency..etc.
- • Age Limit of Individuals – 21 to 65 years of age
- • Good financial statement
- • Both salaried & self-employed are eligible to avail loan
- • 750 above Credit score
- • For salaried minimum income should be 25000/- pm
- • Nationality - Resident of Indian
What are the ways to increase Infrastructure construction loan eligibility?
To increase Infrastructure construction loan eligibility, you need to consider Top
points as given below, this will aid you in increasing your eligibility level.
Repay your debt quickly: - If you have any existing loan, then try to payback as much as quickly, it will build good credit score & improve your eligibility.
Show extra Income: - Lenders will check your stable income, a higher income will aid you to get higher loan amount. Therefore, apart from your monthly income,
show some extra income like your investment & other part time business work.