Cranes at VIIT Q1

Loan Eligibility Question

Write a C program that determines a user's eligibility for different types of bank loans based on their age, income, credit score, and employment status. The program should take four inputs from the user and classify their eligibility based on the following conditions:

• Premium Loan is granted if:
  • Age is between 25 and 60 (inclusive).
  • Income is at least 80,000.
  • Credit score is at least 750.
  • User is employed ('Y' for Yes).
• Standard Loan is granted if:
  • Age is at least 21.
  • Income is at least 50,000.
  • Credit score is at least 650.
  • User is either employed or self-employed ('Y' or 'S').
• Basic Loan is granted if:
  • Age is at least 18.
  • Income is at least 30,000.
  • Credit score is at least 600.
  • User is not unemployed (not 'N').
• No Loan is given if none of the above conditions are met.

Example Inputs & Outputs:

Enter your age: 35
Enter your income: 90000
Enter your credit score: 780
Are you employed? (Y for Yes, S for Self-employed, N for No): Y
You are eligible for a Premium Loan.
            

Enter your age: 20
Enter your income: 25000
Enter your credit score: 500
Are you employed? (Y for Yes, S for Self-employed, N for No): N
You are not eligible for a loan.
            

Task: Write a C program that implements this logic.