Personal Loan Eligibility

Personal loan eligibility is evaluated by considering multiple factors including your credit score, age, income, occupation and employer’s profile. Meet the easy eligibility parameters and complete your basic documentation to avail the personal loan you need within 24 hours of approval

Personal Loan Eligibility Criteria

CriteriaSalariedSelf-Employed
Age (Primary applicant) 23 years to 55 years 23 years to 65 years
Citizenship Must be a citizen of India Must be a citizen of India
Net Monthly Income ₹25,000₹50,000
Loan Tenure Up to 5 years Up to 5 years
CIBIL scoreAbove 700Above 700
Minimum Loan Amount ₹ 1,00,000₹ 1,00,000
Maximum Loan Amount ₹ 25 lakhs₹ 30 lakhs
Work experience Employed at the current employer for 6 to 12 months. Business tenure of 3 years (continuous) & ITR of last 3 years.

Note: The instant personal loan eligibility criteria vary among bankers.

Personal Loan EMI Calculator

In a matter of seconds, a personal loan eligibility calculatorhelps to determine eligibility. You can borrow between 1 lakh to 50 lakhs, based on eligibility requirements.

* Note: Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.