🧑💼 Self Employed Eligibility Tool
Check your loan / credit card eligibility — based on income, existing obligations & business stability
📋 your self-employed profile
Your eligibility appears here
Fill your details and click “Check my eligibility” to see estimated loan amount & card limit.
📌 Self employed? Here's how eligibility works
As a freelancer, business owner or gig worker, lenders assess your loan eligibility differently than salaried individuals. They focus on stable income, FOIR (Fixed Obligation to Income Ratio), business vintage and credit score.
🔹 FOIR – the golden rule
Most banks keep FOIR below 50–55%. That means your existing EMIs shouldn’t eat more than half your monthly income. Higher surplus = higher loan eligibility.
🔹 Why vintage matters
Lenders prefer businesses older than 2-3 years. A longer vintage signals stability and lowers risk, often resulting in better interest rates and higher limits.
🔹 Credit score for self employed
A CIBIL score above 700 is considered good. But some lenders also use bureau scores specifically for businesses. Use this tool to gauge where you stand.
