Loan eligibility

This discussion explores loan eligibility for a £10-12 lakh loan when an individual has only filed one tax return for the 2018-19 period and earns £3 lakh annually. The consensus is that eligibility is low with only one year's return and this income level. Suggestions include contacting banks and NBFCs for specific income requirements, considering a co-applicant to increase eligibility, or exploring business loan options from institutions like Lendingkart or Bajaj Finserv that may consider current account transactions instead of ITRs.