Personal Loan Eligibility Criteria
Before you apply, check your profile against the eligibility norms followed by our partner banks and NBFCs. Meeting these criteria improves your chance of a first-time-right file and faster disbursal. Loan ka Sathi is a DSA — final approval always rests with the lender.
Eligibility Checklist for Salaried Applicants
| Criteria | Requirement |
|---|---|
| Minimum net salary | Above ₹15,000 per month |
| Loan amount | Up to ₹15 lakh |
| Rate of interest | Starting from 13.49% p.a. |
| Minimum CIBIL score | 650+ |
| Age criteria | 21 to 55 years |
| Eligible employers | Proprietorship, Partnership, LLP, Pvt Ltd, Public Ltd & Govt (Class 4) |
| Tenure | Up to 60 months |
| FOIR | Up to 70% (as per salary) |
| New to credit | -1/0 CIBIL accepted — funding up to ₹7 lakh with EPF check |
| Zero deduction salary | Accepted |
| Accommodation | Single stay / bachelor / friends accommodation allowed (NTH ₹25,000+ and PF/EPFO verified) |
| Turnaround time | Login to disbursal in 24 hours for FTR cases |
Eligible? Move ahead with the document checklist and check your instalment on the EMI calculator. For employer-wise norms see salaried personal loan.
How to Improve Your Eligibility
- Clear or reduce running EMIs to bring your FOIR below 70%.
- Keep your salary credit consistent in one bank account.
- Avoid multiple loan enquiries in a short period — each one affects your CIBIL.
- Ensure your PF/EPFO record matches your current employer details.
Eligibility FAQs
What CIBIL score is needed for a personal loan?
A CIBIL score of 650 or above is preferred. Applicants who are new to credit with a -1 or 0 score are also considered for funding up to ₹7 lakh with an EPF check.
What is FOIR in personal loan eligibility?
FOIR (Fixed Obligation to Income Ratio) is the share of your monthly income already committed to EMIs. Our partner lenders allow FOIR up to 70% depending on your salary level.
What is the age limit for a personal loan?
Applicants must be between 21 and 55 years of age at the time of application.
Am I eligible if I live in a shared or bachelor accommodation?
Yes. Single stay, bachelor and friends accommodation cases are allowed when net take-home is ₹25,000 or more and PF/EPFO records are verified.
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Not sure if you qualify?
Share your salary, CIBIL and employer type with us on WhatsApp and we will tell you honestly where you stand.