Personal Loan Eligibility Calculator

Gross Monthly Income

Other EMIs (Monthly)

We are unable to show you any EMI currently as your Other EMIs amount is very high. You can go back and modify your inputs.

Monthly EMI
Get Online Approval for Personal Loan

FAQ on Loan Eligibility Calculator

Find your personal loan eligibility here. Banks lend out personal loans only to those people that are able to pay them back. The bank determines your ability to repay a loan based on many factors – like your age, place of residence, credit score, current income, loan amount required, etc.
Usually, you’d have to fill out all these details with a bank employee and wait a few days before he/she tells you if you’re eligible or not. Save time, use our personal loan eligibility calculator.

Fincity’s free personal loan eligibility calculator does all the hard work for you. Just input the required details – and check your eligibility to take a personal loan in a few seconds!

Eligibility to get a personal loan is primarily dependent on your ability to convince the bank that you are a safe bet – a person who can and will pay back their loan. To increase your eligibility to get a good personal loan at a low rate of interest, you could try:
1. Reducing the number of other active EMIs – if you have an active car loan or personal loan – clear that off first so that more of your income can be used for personal loan EMI.
2. Add a co-applicant or guarantor. This increases the bank’s confidence in your ability to repay as there’s someone that can vouch for you.
3. Build your credit score by using a credit card (and repaying on time)
4. Communicate other income sources and investments to the bank – this will increase their confidence in you.

Generally, loan applicants with CIBIL scores over 650 have their personal loan applications approved. Lower CIBIL scores around 550 are also eligible, depending on the other factors like income, existing EMIs, etc.