Personal Loan Eligibility Calculator India 2025 2026
Check Max Loan · FOIR · CIBIL Score · Bank Comparison · EMI Preview
Personal loans are unsecured — no collateral needed. Approval is based on income, employment stability, CIBIL score, and existing obligations. Loan amount is typically 10–24 times monthly salary (up to ₹50L from banks). Interest rates range 10.5–24% depending on CIBIL score — CIBIL 750 gets 11–12%, CIBIL 650 gets 16–20%. HDFC, ICICI, Axis offer instant personal loans via app for existing customers in as little as 10 seconds. Calculate your exact personal loan eligibility and compare rates across 5 banks.
📋 Your Financial Profile
📊 Eligibility Breakdown
🔮 "What If" Simulator
See how changing one factor boosts your eligibility
📅 Amortization Preview — First 12 Months
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹29,428 | ₹5,147 | ₹24,281 | ₹33,24,853 |
| 2 | ₹29,428 | ₹5,184 | ₹24,244 | ₹33,19,669 |
| 3 | ₹29,428 | ₹5,222 | ₹24,206 | ₹33,14,447 |
| 4 | ₹29,428 | ₹5,260 | ₹24,168 | ₹33,09,187 |
| 5 | ₹29,428 | ₹5,299 | ₹24,129 | ₹33,03,888 |
| 6 | ₹29,428 | ₹5,337 | ₹24,091 | ₹32,98,551 |
| 7 | ₹29,428 | ₹5,376 | ₹24,052 | ₹32,93,175 |
| 8 | ₹29,428 | ₹5,415 | ₹24,013 | ₹32,87,760 |
| 9 | ₹29,428 | ₹5,455 | ₹23,973 | ₹32,82,305 |
| 10 | ₹29,428 | ₹5,495 | ₹23,933 | ₹32,76,810 |
| 11 | ₹29,428 | ₹5,535 | ₹23,893 | ₹32,71,275 |
| 12 | ₹29,428 | ₹5,575 | ₹23,853 | ₹32,65,700 |
| Total | ₹70,62,720 | ₹33,30,000 | ₹37,32,720 | — |
🎯 Pre-Approval Probability
💡 Tips to Increase Your Loan Eligibility
Current: 750. Pay all dues on time. 750+ gets you best rates and fast approval.
✅ Already greatYour existing EMIs: ₹0. Closing them frees FOIR capacity.
✅ No existing EMIsAdd working spouse or parent. Combined income dramatically increases max loan.
Potentially +50–80% eligibilityLonger tenure = lower EMI = more loan. Current: 20yr. Max: 30yr.
Lower EMI by extending to 30yrHigher down payment = smaller loan needed = easier approval and lower interest.
Reduces loan requirement and improves FOIRBonus, rental income, part-time income — some banks include these. Get income certificate.
Can add 20–30% to declared incomeWhat is Loan Eligibility? — How Banks Calculate
Loan eligibility is the maximum loan amount a bank will approve based on your income, existing obligations, credit score, and loan type. The primary rule is FOIR (Fixed Obligation to Income Ratio) — most banks allow maximum 50% of your net income towards all EMIs combined.
📐 FOIR Formula
📊 Worked Example
Monthly Income ₹60,000 · Existing EMI ₹10,000 · CIBIL 750 · Home Loan 20yr @8.5%
🏦 Loan Type Comparison
| Loan Type | Typical Rate | Max Tenure | LTV | CIBIL Min |
|---|---|---|---|---|
| 🏠 Home Loan | 8.5–10% | 30 years | 75–90% | 650+ |
| 🚗 Car Loan | 8.75–10% | 7 years | 85% | 650+ |
| 💼 Personal Loan | 10–24% | 5 years | — | 700+ |
| 🥇 Gold Loan | 9–11% | 3 years | 75% | 0+ |
Frequently Asked Questions
What salary is needed for personal loan in India?
Minimum salary requirements (2025): SBI ₹15,000/month (₹25,000 in metro cities). HDFC ₹25,000/month. ICICI ₹25,000/month. Axis Bank ₹15,000/month. Bajaj Finserv ₹20,000/month. Higher salary = higher loan amount and lower interest rate. ₹50K salary typically eligible for ₹5L–₹8L personal loan. ₹1L salary → eligible for ₹15L–₹20L from major banks.
How fast is personal loan approval in India?
Pre-approved (existing bank customer): 10 seconds to 4 hours via app. Regular application with documents: 1–7 working days. NBFCs (Bajaj, IIFL, Muthoot): Same day to 24 hours. Required documents: PAN, Aadhaar, last 3 salary slips, 3 months bank statement. Fastest approval if salary is credited to same bank. HDFC and ICICI offer instant pre-approved offers to select customers without any documentation.
What CIBIL score is needed for personal loan approval?
CIBIL 750+: Best rates 10.5–12%, high approval probability. Score 720–749: Good rates 12–14%, usually approved. Score 650–719: Higher rates 14–18%, selective approval. Below 650: Most banks reject. Try gold loan (no CIBIL check) or NBFC at 18–24%. Building CIBIL: Pay all EMIs on time, keep credit card utilization below 30%, avoid multiple loan applications in short period.
What is the maximum personal loan amount in India?
Banks: Up to ₹40–50L for high-income salaried (HDFC, ICICI, Axis). SBI: Up to ₹20L for salaried, ₹15L for pensioners. NBFCs (Bajaj Finserv): Up to ₹35L. Fintech apps (Navi, KreditBee): ₹10K to ₹5L for quick small loans. Maximum typically capped at 20–24 times monthly net salary regardless of CIBIL. ₹50K salary → max ₹10–12L. ₹1L salary → max ₹20–24L.
Can self-employed get personal loan in India?
Yes — requirements differ from salaried: ITR last 2–3 years (minimum ₹3L annual income), business continuity proof (GST certificate, shop licence), bank statement 12 months. Interest rate usually 1–2% higher than salaried. Bajaj Finserv, Tata Capital, IIFL offer competitive rates for self-employed. Professional loans (for doctors, CA, engineers) available at near-salaried rates from HDFC and ICICI.
📌 Key Takeaways — Loan Eligibility 2026
- ✅ Banks use FOIR rule: Total EMIs (existing + new) should not exceed 50% of net income
- ✅ CIBIL score 750+ gets best rates. Below 650 = mostly rejected by major banks
- ✅ Co-applicant income boosts eligibility — especially spouse for home loans
- ✅ Home Loan LTV: 90% for ≤₹30L, 80% for ₹30L–75L, 75% for above ₹75L (RBI norms)
- ✅ Prepay existing EMIs to increase eligibility before applying for new loan
- ✅ Home Loan max tenure: 30 years or till age 70, whichever comes first
- ✅ Gold Loan: 75% of gold value — no CIBIL check, instant disbursal
- ✅ Improving CIBIL from 700 to 750 can save 0.5–1% interest rate = ₹lakhs over tenure