Personal Loan Eligibility
The eligibility criteria are easy to meet. To qualify for a loan, you must fulfil these requirements:
Minimum Salary As per your city of residence
Age 23 to 55 years
Minimum CIBIL Score 750
Employment Salaried, employed with an MNC, public, or private comp.
Nationality Indian resident
Personal Loan is an unsecured loan, which means you don’t need to pledge a collateral to receive the funds. Availing one is easy – you can apply online and you can use the money to meet almost any expense.
To avail a quick personal loan, you only need to meet the basic eligibility criteria.
You must be a residing citizen of India
Aged between 23 and 55 years
Employed with an MNC, public or private company
As long as you meet the salary requirement based on your city of residence, you can qualify for a loan.
To avail a loan, you will need to submit the following documents:
KYC Documents – PAN, Aadhaar, Driving license, Voter’s ID, Passport
Bank account statements for three months
The minimum salary required to avail a Personal Loan depends on your city of residence. For instance, if you reside in Mumbai, Pune, Bangalore, or Delhi, you must have a monthly salary of Rs.36,000.
The ideal CIBIL score to get instant paperless approval on a Personal Loan is 750 and above.