Rs. 40,000 to Rs. 75 lakh
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Personal Loan Eligibility Calculator
Disclaimer
Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.
The calculator(s) is not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at the results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.
What is a personal loan eligibility calculator?
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Checking eligibility for personal loan online is a simple way to start planning finances. An online tool helps users check personal loan eligibility within minutes. It uses basic details like monthly income, age, existing EMIs, and city to estimate the loan amount.
This quick check removes guesswork and saves time. It gives a clear idea of how much one may borrow before applying. With this information, users can plan EMIs better and avoid applying for unsuitable amounts.
A personal loan usually offers amounts from Rs. 40,000 to Rs. 75 lakh, with flexible repayment from 12 months to 108 months. Interest rates range from 10% and 30.5% p.a., with no collateral and minimal documents.
By checking eligibility first, the loan process becomes faster and more organised.
How is a personal loan eligibility calculated?
Personal loan eligibility depends on a few simple factors:
Monthly income: Shows if you can repay comfortably. Higher income means better loan chances.
Credit score: A score of 650 and or above reflects your repayment history and responsible credit behaviour.
Job stability: Steady employment builds lender confidence.
Existing debts: Lenders check your debt-to-income ratio — total EMIs shouldn't exceed 50-60% of your net monthly income.
These factors help lenders assess risk and offer you the right loan amount at suitable interest rates, ensuring responsible borrowing.
How to use the Bajaj Finance Personal Loan eligibility calculator?
You can check personal loan eligibility online in just a few simple steps using the Bajaj Finance Personal Loan eligibility calculator. It helps you plan your finances better before applying for a personal loan and make informed borrowing decisions.
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Enter your city, date of birth, monthly income and monthly expenses.
The calculator processes the information and estimates your eligibility.
It will show the personal loan amount you are eligible for. You can click on “Apply Now” to get started with your loan application
This tool helps you to know your eligibility quickly and to make informed decisions when applying for a personal loan with Bajaj Finance.
What are the personal loan eligibility criteria?
You can use the personal eligibility calculator to estimate your eligibility before applying for a loan. Lenders typically consider factors such as age, nationality, employment type, work profile, and credit history while assessing a personal loan application.
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Eligibility criteria
Nationality
Indian
Age
21 years to 80 years
Employed with
Public, private, or MNC.
CIBIL Score
650 or higher.
Customer profile
Self-employed or Salaried
*The applicant should be 80 years* or younger at the end of the loan tenure.
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Documents required
KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months
Piped gas bill
Pension order
Letter of Allotment of Accommodation Issued by Employer
Property / Municipal tax receipt
Utility bill
Real-time image / photograph
Factors affecting personal loan eligibility
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Personal loan eligibility hinges on several critical factors such as the applicant’s age, monthly income, credit history, and so on. It is important to know these factors to improve the chances of getting your loan application approved.
Credit score: Your credit score reflects your credit history and repayment behaviour. A score of 650 or above is generally considered favourable by lenders.
Monthly income: Lenders assess your monthly income to understand your repayment capacity and ability to manage loan obligations.
Work experience: Stable employment or business experience may indicate consistent income and can be an important eligibility factor.
Current liabilities: Existing financial obligations are considered to assess whether you can comfortably manage additional repayments.
Relationship with the lender: Existing relationships with a lender may be considered during the loan assessment process, subject to the lender's policies.
Repayment capacity: Repayment capacity is evaluated based on your income, expenses, and existing debts to estimate your ability to repay the loan.
Meeting these criteria increases your likelihood of loan approval and favourable terms, reflecting responsible financial management and reducing lender risk.
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Frequently asked questions
Overview
Eligibility
Loan Amount and Salary
Calculator and Application
What are the benefits of using a personal loan eligibility calculator?
A personal loan eligibility calculator helps you estimate the loan amount you may be eligible for based on your financial details. It gives you a clear idea of your borrowing capacity, helps you plan your finances better, and allows you to check your eligibility before applying for a loan.
How much personal loan am I eligible for based on my salary?
The loan amount depends on income, credit score, existing EMIs and city. Lenders use FOIR to keep total obligations within 50% to 60% of income. Based on this, eligible applicants can get a personal loan ranging from Rs. 40,000 to Rs. 75 lakh, depending on overall repayment capacity and profile.
How to check loan eligibility without affecting credit score?
You can perform a loan eligibility check using an online eligibility calculator. It estimates your eligibility based on factors such as income, age, expenses, and credit profile without affecting your credit score.
Why choose Bajaj Finance Personal Loans?
Bajaj Finance Personal Loans offer a simple online process, minimal documentation, flexible repayment tenures from 12 months to 108 months, and loan amounts ranging from Rs. 40,000 to Rs. 75 lakh.
How to improve personal loan eligibility?
You can improve your personal loan criteria by maintaining a good credit score, reducing existing debt, ensuring stable income, and keeping your financial and KYC documents updated.
What is the personal loan eligibility for salaried employees?
You can get a personal loan for salaried employees by meeting our simple eligibility criteria:
Nationality: Indian
Age: 21 years to 80 years*.
Employed with: Public, private, or MNC.
CIBIL Score: 650 or higher.
Customer profile: Self-employed or Salaried
*You should be 80 years* or younger, at the end of the loan tenure.
After checking the eligibility criteria you can also calculate your loan EMI using our Personal Loan EMI Calculator based on your loan amount.
What is the minimum salary required for personal loan?
The requirement varies by city and lender eligibility criteria. Some locations may have lower thresholds, while others may require a higher income based on the criteria.
Eligibility criteria may vary by city and lender. Larger cities may have different requirements compared to smaller cities. It is advisable to check the lender's eligibility criteria before applying to understand the requirements and assess your eligibility.
What is the maximum age to avail of a personal loan?
The age limit for a personal loan ranges from 21 years to 80 years*. This means the applicant should not be older than 80 years*at the end of the loan tenure.
Applicants with more working years may have better approval chances. A longer earning period helps show stronger repayment capacity and reduces the risk of missed EMIs.
Who is eligible for a Rs. 10 lakh personal loan?
Any borrower who meets the eligibility criteria set by the lender can be eligible for a Rs. 10 lakh personal loan. It generally includes a stable high income, strong credit score, and a clear repayment history.
Can a person avail of a personal loan and a home loan simultaneously?
A person can avail of a personal loan and a home loan at the same time, subject to the lender's eligibility criteria. Lenders generally assess factors such as income, existing financial obligations, credit history, and repayment capacity before approving an additional loan.
Who is eligible for Rs. 1 lakh personal loan?
Anyone who meets the eligibility criteria set by the lender can be eligible for a personal loan of Rs. 1 lakh.
Can I get a personal loan with a Rs. 15,000 salary?
You may be eligible for a personal loan with a monthly salary of Rs. 15,000, depending on the lender's eligibility criteria and policies. Lenders typically assess factors such as income stability, credit score, existing financial obligations, and repayment capacity before making a lending decision.
How to check personal loan eligibility?
Before applying for a personal loan, it’s important to perform a personal loan eligibility check to know the amount you qualify for. You can do this easily using an eligibility calculator:
Open the loan eligibility calculator.
Enter your city, date of birth, monthly income and monthly expenses.
The calculator processes the information and estimates your eligibility.
You can then apply for this amount and enjoy quick online loan approval.
Lenders calculate your personal loan eligibility based on factors such as income, credit score, age, employment status, existing debts, and repayment capacity. These factors help them assess your ability to repay the loan and determine the loan amount you may be eligible for.
How to use personal loan eligibility calculator online?
Using the Bajaj Finance Personal Loan eligibility calculator is simple and quick. Just input your city, date of birth, monthly income and monthly expenses. The calculator will estimate the loan amount you may qualify for helping you plan your borrowing more effectively and apply with confidence.
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Disclaimer
Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking.
The calculator(s) is not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) is only a tool that assists the users/ customers arrive at the results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.