Eligibility for a Personal Loan

• Age of over 18 years
• Have proof of income, like Salary slip for last three month, Income tax returns for self employed,
• Minimum salary should be above Rs. 15,000/- credited in bank account
• For self-employed individual with atleast Rs. 3 Lakh annual net income.
• Sound banking transaction for last 6 months
• No default in loan EMIs or credit card bills

Meeting the above requirements makes you eligible for personal loans in general. But to get the best interest rates and conditions, you’ll need:

• A credit score that is average to excellent – ideally over 650
• No history of payment defaults
• Working in reputed or well-known organisation