Personal Loan Eligibility Calculator

The Basic Criteria for Personal Loan

Personal Loan Eligibility

Increase your eligibility, pay off your running debts first. Pay your EMIs or other obligations on time to improve credit history and to negotiate with banks in the future to get a high loan amount.

Profession	Salaried persons working in government, private or MNC companies and self employed professionals like Doctors, CA, CS, Architects
Eligible Age	21 years to 60 years
Minimum Income for Loan Eligibility	₹ 25,000 per month for salaried; ₹ 5 Lakh gross annual receipts for professionals
Work Experience Required	3 years and above

Check Your Eligibility

Personal Loan Eligibility for Banks in India

Bank	Eligible Loan Amount For Max Tenure	Age Of The Borrower	Minimum Work Experience
SBI Personal Loan Eligibility	₹ 15 Lakh for 72 Months	21 to 58 Years	24 Months
HDFC Bank Personal Loan Eligibility	₹ 75 Lakh for 60 Months	21 to 60 Years	12 Months
ICICI Bank Personal Loan Eligibility	₹ 30 Lakh for 60 Months	23 to 58 Years	24 Months
Bajaj Finserv Personal Loan Eligibility	₹ 25 Lakh for 60 Months	25 to 58 Years	36 Months
IDFC First Bank Personal Loan Eligibility	₹ 40 Lakh for 60 Months	23 to 58 Years	12 Months
Axis Bank	₹ 25 Lakh for 60 Months	21 to 60 Years	12 Months
Tata Capital	₹ 25 Lakh for 72 Months	21 to 58 Years	24 Months
Fullerton India	₹ 25 Lakh for 48 Months	21 to 58 Years	12 Months
IndusInd Bank	₹ 25 Lakh for 60 Months	21 to 60 Years	24 Months
Kotak Bank	₹ 15 Lakh for 48 Months	22 to 55 Years	24 Months
RBL Bank	₹ 20 Lakh for 60 Months	25 to 60 Years	36 Months
IIFL	₹ 25 Lakh for 60 Months	25 to 60 Years	36 Months
HDB Financial	₹ 20 Lakh for 60 Months	22 to 60 Years	6 Months
Bank of Maharashtra	₹ 10 Lakh for 60 Months	21 to 60 Years	36 Months
Karur Vysya Bank	₹ 10 Lakh for 36 Months	25 to 60 Years	24 Months
Standard Chartered Bank	₹ 50 Lakh for 60 Months	23 to 58 Years	36 Months
Union Bank of India	₹ 5 Lakh for 60 Months	21 to 58 Years	N/A
Canara Bank	₹ 3 Lakh for 48 Months	21 to 60 Years	36 Months
Yes Bank	₹ 20 Lakh for 60 Months	21 to 60 Years	24 Months
Indian Overseas Bank	₹ 15 Lakh for 60 Months	21 to 58 Years	36 Months
Corporation Bank	₹ 2.50 Lakh for 36 Months	21 to 58 Years	N/A
PNB	₹ 15 Lakh for 60 Months	21 to 58 Years	N/A
Syndicate Bank	₹ 2 Lakh for 60 Months	21 to 58 Years	N/A
IDBI Bank	₹ 10 Lakh for 60 Months	22 to 60 Years	36 Months
Allahabad Bank	₹ 7.50 Lakh for 60 Months	21 to 58 Years	24 Months
Bank of Baroda	₹ 5 Lakh for 60 Months	21 to 60 Years	36 Months
Andhra Bank	₹ 5 Lakh for 60 Months	21 to 55 Years	N/A
Federal Bank	₹ 10 Lakh for 48 Months	21 to 55 Years	36 Months
Axis Finance	₹ 25 Lakh for 60 Months	21 to 58 Years	24 Months

What is Personal Loan Eligibility Calculator?

Personal loan eligibility calculator is a free, easy to use tool that provides clarity on the loan amount you are eligible for at various rates of interest and the tenure best suited for you. Availing a personal loan is tricky, especially when you are not sure about your eligibility. When you want a high amount but do not have a very strong credit history, then getting the desired amount may prove to be difficult. That is where the use of a personal loan eligibility calculator comes in. Personal loan eligibility is calculated based upon your monthly income, current EMIs, and the type of organization you are currently working for, and how many years of working experience you have. All these are essential factors in ascertaining your eligibility for the loan amount you desire. It calculates the maximum loan amount you are eligible based on the maximum EMI you can afford.
A complete assessment is done on all the above-mentioned factors to determine the best offers or loan deals for you. You can use a personal loan eligibility calculator to get a clear picture of the probable loan deals you can get, and the best part about it is that it’s not counted as a loan application.

How can I improve my eligibility for personal loan?

To increase your eligibility, pay off your running debts first
Pay your EMIs or other obligations on time to improve credit history and to negotiate with banks in the future to get a high loan amount
Transfer your existing loans to a lower rate to reduce your existing EMI and to get new loan of higher amount
Using a personal loan eligibility calculator can help you assess your present status as compared to what you would like to achieve.