For any legally permitted purpose
20 times of net monthly income of the applicant. Minimum net take home salary should be Rs 10,000/- excluding the instalment of the proposed Casy Mithra loan. (In case the spouse of the applicant stands as guarantor, his/her net income also can be added for arriving at the quantum of loan).
1.50 times of the annual taxable income of the loan. Agricultural income shown in the IT return should not be considered for arriving at the total eligible amount. Minimum of three previous years IT return should be submitted, which have been filed on regular basis.(Income of spouse can be added if he/she guarantees the loan)
Personal guarantee of atleast one person, preferably spouse of the applicant
Maximum 5 years