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Omozing Answers › Eligibility
Written by the Omozing Credit Team, which includes IIT and IIM alumni · Reviewed for accuracy by our credit and compliance team · Updated October 2026
Two people with the same salary can face different minimums, because the “minimum” is really a bundle of rules.
Most lenders mean take-home pay as credited to your salary account, not gross CTC. See gross vs take-home.
Some lenders set a higher bar in big cities, where rent and living costs take a larger share of pay.
Employer category can matter: a lender may treat a listed company, a government body and a small firm differently.
Salary credited to a bank account is easy to verify. Cash salary is much harder, and many lenders won’t consider it.
Self-employed applicants are usually judged on business income and tax returns instead of a monthly salary.
A salary just above the minimum with heavy EMIs can still fall short on affordability.
A minimum salary protects the money left for living. Most lenders cap all EMIs at a share of take-home, often 40%–50%. At the higher end, the chart shows how much EMI room each salary creates, what that room could repay, and what is left for rent, food and family.
Columns drawn to scale by take-home. Labels show the indicative loan the EMI room repays at an example rate of 14% a year over 36 months with no other EMIs, rounded down to the nearest ₹1,000. Not an offer; Omozing’s rates start from 11% a year.
At ₹25,000, a full-cap EMI leaves ₹12,500 for everything else. At ₹70,000 it leaves ₹35,000. That gap is why lenders set a floor, and why the floor is about safety more than loan size.
Now take Nitin, an illustrative profile, not a real customer. He takes home ₹42,000, has no other EMIs and wants ₹3 lakh. At 14% a year, the EMI is ₹10,253 over 36 months (24.4% of his pay) or ₹14,404 over 24 months (34.3%). He clears Omozing’s published minimum with room to spare, so the decision turns on his credit report and job record, not on the salary floor.
It gets harder when:
What helps:
Lenders usually confirm salary from two documents: the salary slip, which shows what the employer says it pays, and the bank statement, which shows what actually arrives. They look for regular credits from the same employer, roughly on the same date each month. The minimum is the first gate; after it come affordability (how much of the salary is already committed to EMIs) and the credit report.
We lend only to salaried individuals (for now). You need a take-home salary of ₹40,000 or more a month, and we consider applicants with a credit score from 600. You can borrow up to ₹25 lakh, and tenure is 3 to 36 months, repaid in fixed monthly EMIs.
If you are salaried with a credit score from 600, check your offer. Loans up to ₹25 lakh, rates from 11% a year.
No. The RBI does not set a minimum salary; each lender sets its own as part of its credit policy.
A take-home salary of ₹40,000 or more a month, for salaried individuals. We do not currently lend to self-employed people, business owners or students.
Most lenders, including Omozing, look at take-home pay, the amount credited to your salary account, which they read from your bank statement and salary slip.
Some lenders set lower minimums, though the amount on offer is usually smaller. See what is realistic on ₹30,000.
No. Salary is one gate; lenders also weigh your existing EMIs, credit report and employment record, and every loan is subject to credit assessment.
Next questions people ask:
Omozing is the digital lending brand of Aparampaar Finance Private Limited, an RBI-registered non-deposit-taking NBFC. Loans are subject to credit assessment. See our regulatory disclosures and grievance redressal process.