Check Your Loan Eligibility

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50,000
5,00,000
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10,000
5,00,000

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10.99%
14%
40%
Months
12 Months
60 Months
60 Months

You are eligible for a loan amount of up to

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Disclaimer Above personal loan eligibility calculator merely offers an approximate estimate of the amount of... Read More


Are you looking for a personal loan? You may start by knowing the amount you can borrow on your salary/income. For this, you can use our personal loan eligibility calculator. It is a free-of-cost online tool that eases your borrowing experience. The personal loan eligibility checker informs you about the amount you can borrow as per your eligibility. Now, your eligibility is determined by your age, place of residence, monthly income, ongoing EMIs, loan tenure, and interest rate. You can input into the online calculator the required details and get an idea of the maximum limit of the personal loan amount you can request for, immediately.

Personal Loan Eligibility

Individuals between 21 to 60 years fulfil the personal loan eligibility criteria for age. This includes individuals who are self-employed, entrepreneurs and salaried.

The minimum monthly income for applicants from Delhi and Mumbai should be Rs 25,000. Applicants from other parts of the country need to have a monthly income of Rs 20,000

People who are applying for a personal loan should have a CIBIL score of 750 or above. The EMI of their loan cannot be more than 60%-70% of their monthly income. 

How is Personal Loan Eligibility Calculated?

Using our personal loan eligibility calculator is your best bet for fast and accurate results.

With our advanced calculator, you can estimate your personal loan amount in seconds and also get an instant loan approval online after uploading the required documents.

Your income, credit score, employment history, and repayment capacity are the key factors that are reviewed to sanction your eligible loan amount.

How to use the Personal Loan Eligibility Calculator?

Our online personal loan eligibility calculator is a simple and helpful tool that gives you an instant estimate for your eligible personal loan amount.

  • Select your location
  • Enter your age. You have to be at least 21 years old when you apply for a loan, and a maximum of 65 years of age, at the time of loan maturity.
  • Select your net monthly income (or yearly profit after tax if you are self-employed). Please note that this amount should be after all tax deductions.
  • Select your monthly EMI. This should be equal to the sum of all EMIs that you are currently paying, including those on your credit card.

You will be able to see the personal loan amount you are eligible for on the right side. You can change the interest rate and tenure as per your preference.

Please note that this calculator only gives you an indicative figure. Actual personal loan eligibility depends on many more factors, including employment details, credit history and more. To know the exact figure, you can “Apply now” and help us with some additional information as requested.

Personal Loan Eligibility Calculator Tips

Tips for Salaried Person to Check Eligibility

If you are interested to apply for a personal loan for salaried, then it would be beneficial to know the loan amount you can borrow in order to ensure loan approval. The loan amount along with tenure and interest rate influences the total cost of the loan. Knowing your personal loan amount eligibility will is the first step towards responsibly planning your finances in order to ensure a hassle free loan experience.

Here is how personal loan checker helps you:

  • The calculator analyzes the loan amount as per your repayment capacity (monthly income – ongoing EMIs)
  • It calculates the loan amount based on your disposable income, residence city, birth date, interest rate, and tenure so that you can repay in time.

Tips for Self-Employed Person to Check Eligibility

The personal loan eligibility calculator helps self-employed applicants to know their loan amount eligibility, in a matter of seconds. The online eligibility calculator is dynamic. It calculates near accurate results. If you are looking for a personal loan for self-employed, then here are a few tips to consider when checking out the loan amount (maximum limit is Rs. 10 lakhs) to borrow:

  • The calculator subtracts the existing EMIs from your income, considers tenure, interest rate, your birth date, and residence city to convey the amount you can request
  • You can either apply for a lower amount or up to the eligible amount

FAQs

How can I check personal loan eligibility?

You can use our free-of-cost personal loan eligibility checker. The calculator takes into account your existing EMIs, monthly income, birth date, residence city, interest rate, and tenure to calculate your personal loan amount eligibility. Getting a personal loan eligibility check online helps you estimate the amount you can afford to borrow and repay comfortably. Both salaried and self-employed individuals are welcome to apply at Fullerton India.

How much personal loan can I get on my salary?

The maximum personal loan amount that you can get on your salary is Rs. 25 lakhs. The finalization of the loan amount depends on your net monthly income and existing financial obligations. Our terms and conditions at the time of the loan application will also influence the final quantum of finance. The greater your repayment capacity, the higher will be the offered loan amount. Your repayment capacity is deduced by how much you can spare towards monthly repayments and your credit history. To know more, please see our personal loan eligibility calculator.

Can I get a Personal Loan with a low or Minimum CIBIL Score?

We, at Fullerton India, work towards bringing an ideal personal loan offer at an affordable rate. It is advisable to have a good repayment record. The closer your CIBIL score is towards 900, the higher are your chances of getting the loan approved with us. A minimum CIBIL score of 750+ is desirable. For profiles with scores lower than 750, other criteria may be applied. To know more, please feel free to contact us.

How can I get Personal Loan without Salary Slip?

Currently, we do not provide personal loans for customers who don’t have a salary slip. However, if you are self-employed, you can provide your bank statements and other documents to show income proof. You can use our online personal loan eligibility checker to know the personal loan amount you are eligible for.

How to qualify for personal loan?

To qualify for a personal loan, you need to fulfill the eligibility. These include age, your employment type, your employment status, your net monthly income, your CIBIL score, repayment history, work experience, and the maximum EMI allowed as per your salary. Please note that depending on the lender’s policy, additional criteria may also be applied.

Applicants can use the personal loan eligibility calculator to check their eligibility.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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