Check if You Qualify for a Smarter Loan Repayment Solution
At Rohini Financial Services, we make it simple for individuals and businesses to consolidate or refinance their existing loans. Before applying, review the basic eligibility criteria and required documents to ensure a smooth approval process.
👤 Eligibility Criteria
To apply for a Repayment Loan, applicants must meet the following conditions:
1. Age Requirement
Minimum age: 21 years
Maximum age: 60 years (for salaried individuals)
Maximum age: 65 years (for self-employed applicants)
2. Employment Status
Salaried individuals working in private, public, or government organizations.
Self-employed professionals or business owners with a steady income source.
Partnership firms, MSMEs, and SMEs can also apply for refinancing or debt consolidation.
3. Income Criteria
Minimum monthly income: ₹20,000 for salaried applicants.
Minimum annual turnover: ₹5 lakh for self-employed/business applicants.
Stable income proof required to ensure repayment capacity.
4. Credit Score
A minimum CIBIL score of 700 or higher is preferred.
Applicants with lower credit scores may still qualify based on income stability and repayment history.
5. Existing Loan History
Must have at least one active personal, business, or vehicle loan that can be consolidated or refinanced under the Repayment Loan scheme.
- 📋 Documents Required
- Prepare the following documents for a faster approval process:
- For Individuals:
- PAN Card & Aadhaar Card
- Recent passport-size photograph
- Salary slips (last 3 months)
- Bank statements (last 6 months)
- Existing loan account statement
- For Self-Employed / Business Owners:
- Business registration certificate
- PAN Card & GST details
- ITR (Income Tax Returns) for last 2 years
- Bank statements (last 6 months)
- Existing loan repayment proof