2026 Loan Eligibility Rules for Rent, Deposit & Small Loans

Banks love salaried, hate risk. Know the new CIBIL cut-offs, FOIR limits and paperwork before you apply for that deposit top-up.

1. CIBIL Score Cut-Offs 2026

• ≥750 – 8.5 % p.a., 0 processing fee
• 700-749 – 10 % p.a., 1 % fee
• 650-699 – 12 % p.a., 2 % fee
• <650 – rejected or guarantor required

2. FOIR (Fixed-Obligation-to-Income) Cap

New rule: EMI + rent ≤ 60 % gross salary. Example: ₹40 k salary → max EMI ₹9 k (after 30 % rent assumed).

3. Documents Checklist

• 3-month salary slip (PDF from HR portal accepted)
• 6-month bank statement (PDF, no stamp needed)
• Employee ID card copy
• Aadhaar-linked mobile for OTP

4. Deposit Loan Specifics

• Tenure: 6-12 months only
• Amount: 2-month rent max
• Pre-closure: zero charge after 90 days

5. Small Personal Loan

₹50 k loan, 12 % APR, 12 months → EMI ₹4 440. Processing 2 % = ₹1 000. Total cost ₹4 440 × 12 + ₹1 000 = ₹54 280.

Check live eligibility on MyKamra Loan Eligibility – we match your CIBIL + salary to best NBFC rates.