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Personal Loan Eligibility

Personal Loan

Eligibility Criteria

Banks provides you with personal loan to fulfill your dreams with minimum documentation:

For Salaried Individuals

Criteria* Salaried
Age 21 years €“ 65 years.
  Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 15,000)
Total years in job/profession 2 Years
Years in current residence 1 Year (One Day if in a Super A Company)


For Self Employed Individuals


Self Employed


23 years (self employed individuals) and 25 years (for doctors); Maximum age €“ 65 years

Minimum Turnover

Rs. 60 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials

Minimum Profit After Tax

Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials

Business Stability

In current business for at least 5 years and minimum 3 years for doctors

Existing relationship with the bank

Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track asrequired