Personal loan eligibility in India is usually framed in salaried-professional terms — “₹25,000 minimum monthly income, 21+ years old, 650+ CIBIL.” That misses most of our applicant base. Securis is built for college students and early-career professionals, so the bar looks different. Here’s the practical answer.
Who can apply
Three core profiles:
1. College students with a parent / guardian as the primary applicant. The student is the beneficiary; a parent (or aunt, uncle, brother, or guardian) is the borrower of record. Income, credit history, and repayment capacity are evaluated on the parent. The student doesn’t need their own income or credit history — most don’t have one yet.
2. Working students (typically college students with part-time or freelance income). If you’re earning ₹20,000+ per month and have at least some banked income, you can apply on your own. We’ll capture details about your employment, income mode (bank vs cash), and credit profile, and decide whether a co-borrower is needed based on those.
3. Early-career working professionals upskilling. Salaried or self-employed, looking to fund a CFA, GMAT, executive program, online course, or related expense. Same evaluation as a regular small personal loan, but with the upskilling context factored in.
Age range
- Student-as-applicant: 18+ (you can’t legally borrow under 18 in India regardless of NBFC)
- Parent / guardian: typically 21-65, with active income
- We don’t have an upper age cap in stone — what matters is repayment capacity through the loan tenure
Credit score: what we actually want
You’ll often see “650+ CIBIL required” on personal loan ads. Here’s the more useful breakdown for a Securis application:
| Credit score | What it means for your application |
|---|---|
| 800+ | Strong. Best rates, often no co-borrower required if you’re a working student |
| 700-800 | Good. Most applicants here get approved on first review |
| 600-700 | Acceptable. Rate may be slightly higher; we look at other signals |
| Below 600 | We can still try, but typically with a co-borrower with stronger credit |
| No score / “I don’t remember” | Common for college students. Not disqualifying — we look at the parent’s credit instead |
If you’re a college student with no credit history yet, that’s the norm and we’re set up for it. The “I don’t remember” option in our form is honest and acceptable — you don’t need to invent a number.
Income: what we look at
Two questions matter:
- How much — monthly income range (we ask in brackets, not exact figures)
- How it lands — bank transfer, UPI, or cash
Bank-transferred salary is the cleanest signal because it’s verifiable. Cash income (hairdresser, freelance tutor, small shop) doesn’t disqualify you, but we’ll typically ask for a co-borrower or look at ITR filings.
If you’re self-employed: the question becomes “do you have ITR for the last 2 years?” An ITR-yes profile gets approved faster than ITR-no.
Curious if you’d qualify? Start the application — there’s no commitment, and you’ll see a clear yes/no answer within 1-2 working days. If we can’t help, we’ll tell you straight.
Documents we’ll ask for
You don’t upload documents during the form — keep that for after. Once your application is being reviewed, we typically ask via WhatsApp for:
- Aadhaar (front + back) — KYC
- PAN card — KYC + credit pull
- Bank statement for the last 3 months — proof of income flow (if applying as a working student or professional)
- Salary slip for the last month — if salaried
- ITR for the last 2 years — if self-employed
- College ID + admission letter / fee receipt — if a current college student
Parent applicants follow the same list. We do not ask for property documents, collateral, or guarantor signatures for amounts in our typical range (under ₹1,00,000).
A few specific scenarios
“I’m 18, in first year of college, no income, no credit. Can I apply?” Yes — through the parent / guardian flow, with one of your parents as the primary applicant.
“I work in a startup. Salary is bank-transferred but the company is unrated.” Fine. We don’t filter by employer rating. We look at your bank transactions and credit profile.
“I’m a freelancer, no ITR yet.” Possible but harder. We’ll likely ask for a co-borrower or for you to invest a few hours in filing this year’s ITR before we proceed. If you’re earning seriously through freelancing, ITR is worth getting in order anyway.
“My credit is shot from a missed credit card payment two years ago.” Honestly answer this in the form (“Yes” to “Have you ever taken any loan?”) and don’t try to hide it. We’d rather have the full picture and offer you something realistic than be surprised mid-review.
What we don’t lend for
We’re personal-loan-for-student-needs, not a tuition financier. Specifically not for:
- Full college tuition payments to the institution (the ₹5L+ traditional education loan use case — try HDFC Credila or Avanse)
- Speculative investments
- Anything that fails our internal compliance review (which is rare but real)
Everything else that helps a student or early-career professional do better — laptops, courses, certifications, hostel + daily expenses, education-related travel — we’re built for.
Still unsure? WhatsApp us with a one-line description of your situation. We’ll tell you whether to apply, what to have ready, or where else to look. We get more “we said no, here’s where to try” messages than you’d expect — and applicants come back when their situation changes.