![\"Personal](\"https:\/\/www.squareyards.com\/blog\/wp-content\/uploads\/2020\/12\/Personal-loan-eligibility-1.jpg\")
You should carefully view and check all eligibility guidelines for personal loans before applying. This will help you get an idea of whether you are eligible to get a personal loan or not.<\/p>\n\n\nYou should carefully view and check all eligibility guidelines for personal loans before applying. This will help you get an idea of whether you are eligible to get a personal loan or not.<\/p>\n\n\n
It is highly recommended that you check personal loan eligibility <\/strong>before applying for a personal loan<\/strong>. What are personal loans<\/strong>? These are basically unsecured loans, i.e. loans which do not require any collateral or security to be provided. This means that you will have to adhere to some other personal loan eligibility <\/strong>criteria which predominantly involve your age, nature of employment and most importantly, your monthly income and ability to repay. Your credit score will also be of paramount importance in assessing your eligibility for a personal loan.<\/p>\n Personal loans are mostly for smaller amounts in comparison to secured loans such as home loans or auto loans. However, the tenures are smaller and may range between 36-60 months on an average. The rates of interest are also comparatively higher than secured loans since these bank loans <\/strong>are completely unsecured. You can apply for an online loan <\/strong>in most cases and instant personal loan<\/strong> facilities may also be availed if you meet the eligibility criteria perfectly for the amount that you have applied for. Salaried borrowers are mostly eligible for applying for personal loans including professionals working in private\/MNC\/government entities and self-employed professionals such as CA, doctors and architects. Eligible age ranges between 21 and 60 years on an average while the minimum income threshold for loan eligibility is Rs. 25,000 each month for salaried professionals in most cases while it may be Rs. 5 lakh in gross annual receipts for professionals. Work experience of at least three years or more may also be required for being eligible to take a personal loan.<\/p>\n SBI personal loan eligibility and other banks\/lenders<\/strong><\/p>\n You should compare online interest rates offered by various lenders before finalizing one. You can readily view the SBI personal loan interest rate for salary account<\/strong> online along with rates of interest offered by other lenders. You can check Indiabulls Dhani personal loan eligibility <\/strong>and eligibility for other loans online itself.<\/p>\n Here is a table that will help you get an idea of the eligibility guidelines at leading banks and financial institutions:<\/p>\n \u00a0<\/p>\n Bank<\/p>\n<\/td>\n Eligible Loan Amount For Max Tenure<\/p>\n<\/td>\n Age Of The Borrower<\/p>\n<\/td>\n Minimum Work Experience<\/p>\n<\/td>\n<\/tr>\n SBI<\/p>\n<\/td>\n \u20b9 15 Lakh for 72 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n HDFC Personal Loan Eligibility<\/p>\n<\/td>\n \u20b9 75 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 12 Months<\/p>\n<\/td>\n<\/tr>\n ICICI Personal Loan Eligibility<\/p>\n<\/td>\n \u20b9 30 Lakh for 60 Months<\/p>\n<\/td>\n 23 to 58 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n Bajaj Finance Personal Loan Eligibility<\/p>\n<\/td>\n \u20b9 25 Lakh for 60 Months<\/p>\n<\/td>\n 25 to 58 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n IDFC First Bank<\/p>\n<\/td>\n \u20b9 40 Lakh for 60 Months<\/p>\n<\/td>\n 23 to 58 Years<\/p>\n<\/td>\n 12 Months<\/p>\n<\/td>\n<\/tr>\n Axis Bank Personal Loan Eligibility<\/p>\n<\/td>\n \u20b9 25 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 12 Months<\/p>\n<\/td>\n<\/tr>\n Tata Capital<\/p>\n<\/td>\n \u20b9 25 Lakh for 72 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n Fullerton India<\/p>\n<\/td>\n \u20b9 25 Lakh for 48 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n 12 Months<\/p>\n<\/td>\n<\/tr>\n IndusInd Bank<\/p>\n<\/td>\n \u20b9 25 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n Kotak Bank<\/p>\n<\/td>\n \u20b9 15 Lakh for 48 Months<\/p>\n<\/td>\n 22 to 55 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n RBL Bank<\/p>\n<\/td>\n \u20b9 20 Lakh for 60 Months<\/p>\n<\/td>\n 25 to 60 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n IIFL<\/p>\n<\/td>\n \u20b9 25 Lakh for 60 Months<\/p>\n<\/td>\n 25 to 60 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n HDB Financial<\/p>\n<\/td>\n \u20b9 20 Lakh for 60 Months<\/p>\n<\/td>\n 22 to 60 Years<\/p>\n<\/td>\n 6 Months<\/p>\n<\/td>\n<\/tr>\n Canara Bank<\/p>\n<\/td>\n \u20b9 3 Lakh for 48 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Yes Bank<\/p>\n<\/td>\n \u20b9 20 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n Indian Overseas Bank<\/p>\n<\/td>\n \u20b9 15 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Corporation Bank<\/p>\n<\/td>\n \u20b9 2.50 Lakh for 36 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n PNB<\/p>\n<\/td>\n \u20b9 15 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n Syndicate Bank<\/p>\n<\/td>\n \u20b9 2 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n IDBI Bank<\/p>\n<\/td>\n \u20b9 10 Lakh for 60 Months<\/p>\n<\/td>\n 22 to 60 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Allahabad Bank<\/p>\n<\/td>\n \u20b9 7.50 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n Bank of Baroda<\/p>\n<\/td>\n \u20b9 5 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Andhra Bank<\/p>\n<\/td>\n \u20b9 5 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 55 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n Muthoot<\/p>\n<\/td>\n \u20b9 15 Lakh for 60 Months<\/p>\n<\/td>\n 26 to 58 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n Indian Bank<\/p>\n<\/td>\n \u20b9 5 Lakh for 36 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n Federal Bank<\/p>\n<\/td>\n \u20b9 10 Lakh for 48 Months<\/p>\n<\/td>\n 21 to 55 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Bank of Maharashtra<\/p>\n<\/td>\n \u20b9 10 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 60 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Karur Vysya Bank<\/p>\n<\/td>\n \u20b9 10 Lakh for 36 Months<\/p>\n<\/td>\n 25 to 60 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n Standard Chartered Bank<\/p>\n<\/td>\n \u20b9 50 Lakh for 60 Months<\/p>\n<\/td>\n 23 to 58 Years<\/p>\n<\/td>\n 36 Months<\/p>\n<\/td>\n<\/tr>\n Union Bank of India<\/p>\n<\/td>\n \u20b9 5 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n N\/A<\/p>\n<\/td>\n<\/tr>\n Axis Finance<\/p>\n<\/td>\n \u20b9 25 Lakh for 60 Months<\/p>\n<\/td>\n 21 to 58 Years<\/p>\n<\/td>\n 24 Months<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Learning more about the eligibility criteria for personal loans<\/strong><\/p>\n You can use a personal loan EMI calculator online to work out the amount that you will have to pay every month for the desired loan amount, provided you are eligible for the same.<\/p>\n\n\n
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