To be eligible for a loan from TrustPaisa, you must meet the following criteria:
- You must be a citizen of India and currently residing in India.
- You should be between 22 and 50 years old at the time of application.
- You must be currently employed: salaried or self-employed individuals with steady income verifiable through their bank account.
- You need to have a bank account in your name.
Frequently asked questions about eligibility criteria
Use this section to help you answer some of the most frequently asked questions about eligibility criteria.
- Will I be eligible for a loan if I do not meet your internal credit criteria?
Unfortunately, if you do not meet the internal credit rating criteria, you will not be eligible to receive a loan. - What types of income categories are eligible for loan applications?
Salaried individuals or self-employed individuals with consistent and verifiable income through their bank account(s) are considered eligible income categories when applying for a loan. - If my bank statement from the last 3 months does not show the minimum required income in each of those 3 months, am I still eligible to apply for a loan?
Having a minimum income for the last three months is a mandatory requirement to apply for a loan. - Is it possible for individuals who are not residents of India to submit a loan application?
No, TrustPaisa is exclusively available to Indian citizens. - What criteria are used to make decisions on loan applications?
Loan application underwriting is conducted based on the information provided during the loan application process, the submission of KYC documents, credit score, credit history, and in accordance with the applicable credit policy of the lending company.