What is the minimum employment period required?
Accepted Answer ✓ Accepted
Minimum employment requirements vary by lender: Total work experience: Salaried - 2 years minimum, Self-employed - 2-3 years business continuity. Current company/job: Salaried - 6 months to 1 year in current organization, Self-employed - Current business must be running for 2+ years. Fresh employees: Some NBFCs accept 3 months for high-paying MNC employees with good credit. Government employees: Some banks accept from joining date for PSU/government jobs. Contractual employees: Minimum 1 year remaining on contract. Freelancers: Minimum 2 years consistent income proof. Exception: Pre-approved offers to existing bank customers may have relaxed criteria.
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Most lenders require at least 2 years of total work experience with a minimum of 6 months to 1 year in your current job for salaried employees. Self-employed individuals need to show their business has been running for at least 2-3 years.
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