The most important thing to remember is that you should have the capacity to repay the loan based on your current income. Projected income is not a good indicator of your loan amount eligibility.
Some of the important eligibility criteria are as follows:
If taking a business loan, the business needs to be in existance for atleast 3 years
NRI or resident Indians
Have a good CIBIL credit score
Capability to pay EMI from the first month
What are the top 5 reasons for a loan application to be rejected, or not accepted?