Age limit for loan Age limit for loan

2 years ago

What is the age limit for obtaining loan?? Can an 80 year old lady obtain loan along with Son less than 60 years against unregistered ancestral property having different stakeholders??

Anik

Responded 2 years ago

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A.Hi,
You must be at least 21 years old to apply for a loan. Paid employees can be 60 years old at the time of debt maturity, whereas self-employed professionals can be 65 years old. Age, on the other hand, varies depending on the bank. Some lenders prefer to lend to persons above the age of 23.
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Ayantika Mondal @ Prime Legal

Responded 2 years ago

A.Hi,
To apply for a loan, you must be at least 21 years old. At the time of loan maturity, the maximum age for paid employees is 60 years, and for self-employed professionals it is 65 years. Age, on the other hand, differs by bank. Some banks prefer to lend to people who are at least 23 years old.
Thank you.
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