Personal Loan: Eligibility Criteria: Overview

You are eligible for a personal loan if you are a salaried individual, self-employed individual (own business), or a self-employed professional (doctor, lawyer, etc.). Other factors such as your income, age, residence, work experience, repayment capacity, past obligations and place of work are also taken into account. A personal loan can be used for any purpose provided it is legitimate; you need not mention the end use to the lender.

Compare various personal loan providers and decide for yourself the best option.

Personal Loan: Eligibility Criteria: Basics

Calculate the personal loan amount you are likely to get from the lender should you apply for a loan.
If you are self-employed, this calculator will tell you the amount of personal loan you are likely to get.
  • Avoiding Common Problems Faced By Personal Loan Customers
Delays in disbursements and non-disbursement are some of the common problems. How do you tackle them?
 Interest rates of more than 30 banks at just a click.
  • Negotiating a good deal for your personal loan
Play one lender against the other, bargain on the upfront fee, apply towards the month-end. Try all the tricks in your bag to get the best personal loan deal for you!
  • Get the break-up of your personal loan EMI.
Check the loan amortization calculator to get the actual principal and interest you pay for the loan.

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Get Personal Loan Offers
A maximum of 5 providers will compete to give you the best rates (May 2012)
Personal Loans of over Rs. 1,558.27 crores applied for in 2012 (Last Updated on 25 May 2012 6:08 PM)
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Personal loan versus

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Decision-making Corner

  • Personal Loan Eligibility Calculator

  • Personal Loan Eligibility Calculator for Self-Employed

  • Calculate your personal loan EMI

  • Personal Loan Comparator

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