Salaried and Self Employed Professionals Sole Proprietors, Partnership Firms, LLP and Private Limited Co. Minimum age requirement is 23 years at the time of taking the loan and maximum 70 years or retirement at the time of maturity . Good credit rating score in credit bureau. Minimum 2 years in business in an industry with a positive net worth (for Self-employed) or 5 years’ work experience (for salaried individuals) .