Whatsapp Chat Button

Personal Loan Eligibility

Eligibility Ensures Easy and Higher Loan

Check your eligibility to know in advance how entitled you are to a loan amount. Most lenders have kept the minimal eligibility to provide you with an easy and convenient loan. 

Apply Now Contact Us
personal loan


Eligibility Criteria

Avail loan facilities by fulfilling eligibility criteria listed by a lender, banking, or financial institutions,. Ticking all the right boxes means getting what you want as a personal loan.

By matching required conditions, you ensure lenders that you are capable of paying what you are getting as a loan. Any banking unit will offer you a loan only when it is sure to get the money back from you.

An applicant has to meet the following conditions to get a personal loan:

· The loan applicant must be a resident Indian

· He must be between 21 to 68 years of age

· If a salaried employee, the applicant must be an employee of either a Private Limited Company or a Public Limited Company or an MNC

· Self-employed or professionals can also apply for a personal loan

· The applicant must have a minimum credit score of 750

· The applicant's KYC documents must be in order

· The applicant must possess and be allowed to use the employee ID Card

· The applicant must submit the last three month's salary slips and bank account statements




  • The loan applicant must be an Indian national
  • The applicant's age must be between 21 and 68 years
  • · The applicant must be a regular employee either of a Limited Company or an MNC. A government service or PSU job is also acceptable
  • The applicant must have a work experience of 3+ years
  • The applicant must maintain a minimum Credit Score of 750
  • The applicant must have an Employee ID Card
  • The applicant must be able to provide his last three months' salary slips
  • The minimum income requirement of a salaried applicant must be
    *. Rs. 15,000 for a Non-Metro City
    *. Rs 20,000 for a Metro City

Documents for Salaried


Proof of Identification

  • PAN Card
  • Voter ID
  • Aadhaar Card
  • Passport
  • Driving License

Proof of Residence

  • Voter ID
  • Aadhaar Card
  • Passport
  • Driving License
  • Electricity Bill
  • Telephone Bill
  • Ration Card

Proof of Age

  • PAN Card
  • Driving License
  • Passport
  • Voter ID
  • Aadhaar Card

Proof of Livelihood

  • Latest six months Bank statement from the salaried or business account
  • Last three months' salary slips
  • Employment Certificate or Identity
  • Proof of Office Address: The acceptable options are: i.)Electricity Bill ii.)Telephone Landline Bill

Proof of Tax submission

  • Form 16
  • Latest Income Tax Returns
  • Appearance
  • Recent Passport-Size Photographs


  • The loan applicant must be a citizen of India.
  • The age bracket for the loan applicant is between 21 and 65 years
  • The applicant mustn't have any criminal record.
  • The applicant must have a minimum Credit Score of 700
  • The individual must have an annual business turnover required by the lending bank
  • The applicant must not have defaulted with another financial institution(s)

Documents for Self



Application form with photograph

Proof of Identity

Self-attested photocopy of any one of the following
  • Driving license
  • Passport
  • Voters ID
  • Aadhaar Card
  • PAN


Valid identity / Residence / Signature proof

Income Proof

  • Form 16/ITR for last 3 years
  • Latest 6 months Bank Statements


  • e-KYC
  • c-kYC

How to improve your personal loan Eligibility?

Follow these tips to improve your personal loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.


Here's what our customer have been saying about us

Our partners from across the industry

We collaborate with the best and biggest in the banking & financial world to get you relevant products at great rates.

Apply Now
indiabulls city-bankidfc-bank poonawala-fincorp
standard-charted bajaj indusind kotak chola lending-kart fullerton-india icici axis

Your Data Is Secure With Us.

We employ best-in-class security practices and procedures to keep your information secure every time.



From taking regular backups to using stronger passwords, we strictly prohibit any kind of unauthorized access of your crucial data, corruption, or theft throughout its life cycle.



We identify all the different ways your privacy could be at risk and have prepared safeguards to help you protect yourself online with us. Your privacy is important to us.



We are ISO 27001:2013 and SOC2 Type 2 compliant which instills trust into the hearts of our customers. We are secured with SSL and a certified GSP (GST Suvidha Provider).

Recent Blogs

See More

Our blogs are where you get the latest news along with insights from industry experts.

Things you should know before refinancing your existing business loan

Things you should kn...

By My mudra


What is a DSA?

What is a DSA?

By My mudra