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Personal Loan Eligibility Calculator India 2026

Check your personal loan eligibility, maximum loan amount, and FOIR ratio based on monthly income, credit score, age, and existing EMIs.

✓ Max Loan Amount ✓ FOIR Calculation ✓ Improvement Tips ✓ Live Assessment
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Personal Loan Eligibility Checker 2026

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Maximum Eligible Personal Loan
₹0
FOIR Score 0%
Monthly Net Income
Existing Monthly EMIs
EMI on Desired Loan (@ 12% p.a.)
Available EMI Capacity (50% FOIR)
Maximum Eligible Loan
Key Factors
    Tips to Improve Eligibility
      ⚡ Expert Loan Help
      🏦 2026 Lending Criteria
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      FOIR Calculation
      Live Assessment
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      Personal Loan Interest Rates in India 2026

      Lender TypeInterest RateLoan AmountTenure
      PSU Banks (SBI, BOB)10–14%Up to ₹20L5–7 years
      Private Banks (HDFC, ICICI)11–16%Up to ₹40L1–7 years
      NBFCs (Bajaj, HDB)14–22%Up to ₹25L1–5 years
      Fintech Lenders18–36%Up to ₹5L3–36 months
      ★★★★★
      "Checked eligibility before applying and saw my FOIR would be 48% — very close to the 50% bank limit. Prepaid one small loan to bring it under 40%, then applied and got approved for ₹7L at 12.5%."
      Pooja Nair — IT professional, Pune
      ★★★★★
      "The improvement tips explained that my CIBIL score of 680 was the main blocker. Took 4 months to improve to 720 by clearing a credit card dues. Then got approved easily."
      Suraj Sharma — Marketing manager, Delhi
      ★★★★☆
      "Helped me understand I could get more loan by extending tenure from 36 to 60 months — EMI drops and FOIR improves. Very practical insight I wouldn't have thought of myself."
      Lakshmi Menon — Teacher, Kochi

      Need GST Registration for Loan Eligibility?

      GST registration and ITR filing are required to prove income for self-employed loan applicants — our CA team handles it from ₹999.

      Frequently Asked Questions

      What is FOIR and how does it affect my loan?+
      FOIR (Fixed Obligation to Income Ratio) = All EMIs ÷ Monthly Income × 100. Banks approve personal loans only if FOIR stays below 40–50% after adding the new EMI. If your FOIR is already 45% and the new loan adds 10%, resulting FOIR 55% → likely rejected. Reduce existing EMIs first.
      What is the minimum income for personal loan?+
      Most banks require minimum monthly net income of ₹15,000–₹25,000 for salaried applicants. Private banks typically need ₹25,000+. Self-employed need annual ITR showing income above ₹3–5L. Metro city applicants get higher amounts than non-metro for same income level.
      What credit score is needed for personal loan?+
      Most banks require CIBIL score above 700. Scores above 750 get best rates (11–14%). Below 700 — most banks reject or charge 18%+. Check your free CIBIL score at cibil.com once a year. Improve by: paying EMIs on time, keeping credit card utilisation below 30%, and avoiding multiple loan applications.
      How to improve personal loan eligibility?+
      Key steps: (1) Maintain CIBIL above 750; (2) Reduce existing EMIs; (3) Add co-applicant to combine income; (4) Choose longer tenure to lower EMI; (5) Avoid multiple applications (hard enquiries hurt score); (6) File ITR consistently for self-employed applicants.
      What documents are needed for personal loan?+
      Salaried: Aadhaar, PAN, 3 months salary slips, 6 months bank statements, employment letter. Self-employed: Aadhaar, PAN, 2 years ITR, GST registration certificate, CA-certified income statement, 12 months bank statements. Some digital lenders approve with just PAN and net banking access.

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