Individuals or group of individuals (co-borrowers) who is/are having an assured source of regular income viz. Salaried employees, Professionals, Self Employed persons, businessman who is/are not a defaulter borrower of a Bank / Financial Institutions.
The income of the spouse/ earning children (whether married or unmarried) and earning daughter in laws may be taken into account for determining the income for the purpose of borrowers’ repaying capacity
Parents can also be made as co-borrower in cases where the property is in the single name of Son / Daughter or in the joint name of Son and Daughter and also clubbing of their income be permitted for the purpose of eligibility/repayment of loan.