Personal Loan Eligibility 2026
Check eligibility based on your salary & city — compare instant approval offers from top banks.
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Instant approval banks disburse loans in under 10 minutes.
Frequently Asked Questions
🏦 What is the minimum salary for a personal loan?
It varies by city and lender. Tier 1 cities (Metros) typically require ₹15,000–25,000, Tier 2 ₹12,000–20,000, Tier 3 ₹10,000–18,000. For Tier 4, it can be as low as ₹8,000 for some NBFCs.
💰 How much loan can I get on a ₹30,000 salary?
Most lenders offer 10–20 times your monthly salary. For ₹30,000, you may be eligible for ₹3–6 lakhs, depending on the bank, your credit score, and existing obligations.
📉 Does checking eligibility affect my CIBIL score?
No — using our calculator or any eligibility tool involves a "soft inquiry" which does not impact your score. Only formal applications with a "hard inquiry" can temporarily lower it.
⏱️ What does "instant approval" mean?
Instant approval banks use automated underwriting. If you meet their criteria, they can approve your loan in seconds and disburse funds within minutes. Filter above to see such lenders.
📄 Which documents are required?
Typically: Aadhaar, PAN card, last 3 months' bank statements, salary slips, and sometimes Form 16. Digital KYC is accepted by most banks now.
🏛️ Bank vs NBFC — which is better?
Banks usually offer lower interest rates but have stricter eligibility. NBFCs (like Bajaj, KreditBee) have faster approval and flexible criteria, though rates may be higher. Choose based on your profile and urgency.