Personal Loan Eligibility
Check Your Personal Loan Eligibility Instantly
See your estimated eligibility score and likely approval tier for a personal loan before you apply — free, and with zero impact on your CIBIL score.
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Personal Loan Quick Check
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How It's Assessed
What Affects Your Personal Loan Eligibility
ClearToLend's eligibility engine weighs four factors that lenders commonly consider for a personal loan.
Income vs. Loan Amount
How your monthly income compares to the amount you're requesting, relative to typical lending multiples for this loan type.
Existing EMI Burden
Your Fixed Obligation to Income Ratio (FOIR) — how much of your income is already committed to other loans.
Credit Score Band
Your credit score range influences both the amount lenders may offer and the interest rate you're likely to get.
Employment Stability
Salaried, self-employed professional or business owner status factors into how lenders weigh income predictability.
Eligibility Criteria
Typical Requirements
- Age typically 21–60 years
- Minimum monthly income of ₹15,000–₹25,000 depending on lender and city
- Credit score of 650+ generally improves approval chances
- Stable employment history — usually 1+ year with current employer or 2+ years in business
Be Prepared
Documents You'll Need
- PAN card and Aadhaar card
- Last 3 months' salary slips (salaried) or ITR for 2 years (self-employed)
- Bank statements for the last 6 months
- Passport-size photograph
FAQ
Personal Loan Eligibility FAQs
Requirements vary by lender and city, but most look for a minimum monthly income between ₹15,000 and ₹25,000 for salaried applicants, and equivalent documented income for self-employed applicants.
No. Personal loans are unsecured, which is why lenders weigh your income stability, credit score and existing obligations heavily during eligibility assessment.
ClearToLend estimates it using an income-multiple approach adjusted for your credit score band, employment type and existing EMI burden (FOIR) — it's an estimate, not a lender-confirmed offer.