Eligibility
Who we lend to, and how we decide.
Our criteria are deliberately simple. Meeting them lets you apply; the amount and rate offered follow an assessment of your income, banking record and credit bureau report.
Criteria
The basics.
- Age
- 21 – 60 years at the time of application
- Residency
- Indian resident, applying from within India
- Employment
- Salaried, with salary credited to a bank account
- Income
- Monthly salary of ₹20,000 or more, visible in your bank statement
- Identity
- Valid PAN and Aadhaar, with Aadhaar linked to your mobile number
- Bank account
- Active savings account in your own name, for disbursal and repayment
- Credit history
- Not required to be long. Recent defaults, write-offs or very high existing obligations may lead to a decline
How we decide
Income first, score second.
We look at the whole picture, not a single number.
Your bank statement tells us how regularly your salary arrives, how much of it is already committed, and how you have handled your account. Your credit bureau report tells us how you have repaid in the past. Together they decide whether we lend, how much, and at what rate within our published range of 0.4% – 1.1% per day.
The assessment is automated and applies the same rules to every applicant. It does not consider religion, caste, gender or any factor unrelated to repayment. If we decline, we tell you; and if you believe a bureau record is wrong, we will tell you which bureau to approach.
Repeat borrowers who repaid on time are usually offered larger amounts and better rates. The full list of factors is in our Approach for Gradation of Risk.
Before you start
Have these ready.
- A mobile number linked to your Aadhaar (for DigiLocker and OTPs)
- Your PAN card details
- Net-banking or Account Aggregator access to the account your salary lands in
- Five quiet minutes and a well-lit place for the selfie
Eligibility is not a sanction
Apply on Tap4Loan
Think you qualify? Find out in minutes.
₹5,000 – ₹40,000, decided on your income and banking record, with every cost written down before you accept.
Lender: Golu Leasing & Finance Co. Private Limited · RBI CoR B-14.01773