Documents & Eligibility

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Documents & Eligibility

Documents Required

To apply for a loan with Nidhilakshmi Capital, applicants are required to submit standard documents for identity verification and eligibility assessment.

Identity Proof

Aadhaar Card
PAN Card
Passport

Address Proof

Electricity / Utility Bill
Ration Card
Driving License

Additional Documents

Recent passport-size photographs
Age proof certificate
Educational certificates (if required)

Submission of complete and valid documents is mandatory. Additional documents may be requested during the verification process.

Eligibility Criteria

Applicants must meet the following eligibility conditions to apply for a loan with Nidhilakshmi Capital. The process is transparent, responsible, and assessment-based.

Age Criteria

Minimum age: 21 years
Maximum age: 60 years (at loan maturity)
Valid government ID proof required

Income Criteria

Salaried: ₹15,000+ monthly income
Self-employed: ₹2.5 lakh+ annual income
Income proof documents mandatory

Employment Stability

Salaried: Minimum 2 years total experience
At least 1 year with current employer
Business owners: 3+ years of operation

Meeting the eligibility criteria does not guarantee loan approval. Final approval is subject to credit evaluation and lender discretion.

Personal Loan Disclosure & Transparency Overview

At Nidhilakshmi Capital, we are committed to transparent and responsible lending practices. The following information provides an indicative overview of personal loan terms, interest rates, repayment structure, and eligibility criteria to help applicants make informed financial decisions.

Indicative APR Range

Minimum APR: 7.99% per annum

Maximum APR: 12.00% per annum

The final APR is determined after a complete review of the applicant’s credit profile, income stability, and lender policies.

Repayment Tenure

Minimum Tenure: 12 Months

Maximum Tenure: 240 Months (20 Years)

Available tenure depends on the loan product selected and borrower eligibility.

Representative Example (Illustrative Only)

Loan Amount: ₹1,00,000
Interest Rate: 7.99% p.a.
Loan Tenure: 24 Months
Approx. EMI: ₹4,523 per month
Total Repayment: ₹1,08,552

This example is provided for reference only. Actual EMI and total repayment may vary based on the final loan offer.

Eligibility Criteria

Completion of KYC (PAN, Aadhaar, etc.)
Stable income and employment proof
Acceptable credit score and repayment history
Compliance with lender’s internal credit assessment

Annual Percentage Rate (APR)

For personal loans facilitated between 01 January 2024 and 31 December 2025, the APR typically ranges from 7.99% to 12%.

APR may include interest, processing charges, and other applicable fees as per regulatory guidelines.

Loan approval, final interest rate, tenure, and applicable charges are subject to the lending institution’s assessment and internal policies. Applicants are advised to carefully review the sanction letter and loan agreement before proceeding.

Terms & Conditions apply.

FAQs

Common Questions
About Nidhilakshmi Capital

What types of loans does Nidhilakshmi Capital offer?

Nidhilakshmi Capital provides personal loans, business loans, home loans, education loans, and vehicle loans with flexible repayment options and competitive interest rates.
Who is eligible to apply for a loan?

Applicants must be Indian residents aged between 21 and 60 years, have a stable income source, and possess valid KYC documents such as Aadhaar, PAN, and address proof.
What is the typical loan processing time?

Loan approval and disbursal are typically completed within 2-7 business days after submission of all required documents and verification.
Are there any hidden charges or prepayment penalties?

No. Nidhilakshmi Capital follows a transparent process with zero hidden charges. There are no prepayment penalties, and all applicable fees are clearly disclosed during loan approval.
How are interest rates determined?

Interest rates vary based on the loan type, applicant’s credit profile, income stability, and tenure. Personal loans start from 7.99% per annum, and exact rates are shared after full application assessment.