The eligibility criteria may differ for every bank. The basic criterion will be an assessment of the borrowers repayment ability. Banks will usually determine this by asking for details of the borrowers income, expenses, assets and outstanding liabilities. A key consideration for banks is that the borrower should have a regular income source. The eligibility criteria usually also takes into account factors such as age, residence, loan amount, tenure of the loan, place of work, etc. Most of these criteria are also a way to determine the borrowers risk profile and ability to repay the loan.