A personal loan eligibility calculator helps determine the loan amount you qualify for based on factors like monthly income, monthly expenses, city of residence, and date of birth. By inputting these details, you can assess your eligibility and plan your borrowing responsibly, streamlining the loan application process.

Personal loan eligibility criteria

Anyone who meets the five basic criteria listed below can apply for our personal loan. If you meet all the eligibility criteria, you will require a set of documents to complete the application process. Check our loan eligibility criteria before applying.

  • Nationality: Indian
  • Age: 21 years to 80 years**
  • Employed with: Public, private, or MNC
  • CIBIL Score: 685 or higher
  • Monthly salary: Starting Rs. 25,001, based on the city you live in

*Higher age limit is applicable at the time of loan maturity

Documents required to complete the personal loan application process

  • KYC documents: Aadhaar/ PAN card/ passport/ voter’s ID.
  • Employee ID card.
  • Salary slips for the last 2 months.
  • Bank account statements for the previous 3 months.

Factors that affect personal loan eligibility

While the eligibility criteria may differ from lender to lender, there are a few personal loan criteria that every lender would require and you must meet in order to be approved for the loan.

  • Your credit score
  • Your monthly income
  • Your work experience
  • Your current liabilities
  • Lender relations


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) are 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) are only a tool that assists the users/ customers arrive at 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.

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Frequently asked questions

How is personal loan eligibility calculated?

You are eligible for a Bajaj Finserv Personal Loan if you are a salaried professional aged between 21 years and 80 years*. Read about personal loan eligibility and documents needed here.

How can I check personal loan eligibility?

If you wish to apply for a personal loan, you need to determine your eligibility before applying for it. To do that, you can use the eligibility calculator. Here is how to check the personal loan eligibility:

  • Open the loan eligibility calculator.
  • Select the city of residence, date of birth, employer, monthly income and monthly expenses.
  • Once you select these fields, the tool will show an amount that you will be eligible for.
  • You can apply for the same amount and get quick loan approval online.
How much personal loan can you get on your salary?

A final, personal loan amount that you can get from a lender depends on your salary, city of residence, age, and other eligibility criteria. The best thing to know how much personal loan you can get on your salary will be using the personal loan eligibility calculator. It will tell the amount that you can apply for after selecting your city, age, salary, and monthly expenses on the tool. This way, you can apply for the eligible amount and avoid the chances of rejections.

What is the personal loan eligibility for salaried employees?

You can obtain a personal loan for salaried employees by meeting our simple eligibility criteria. Have a look at the personal loan eligibility of Bajaj Finserv:

  • You need to be a residing citizen of India
  • You should be aged between 21 years and 80 years*
  • You need to be employed with a private, public limited company, or an MNC
  • You should have a minimum CIBIL score of 750

After checking the eligibility criteria you can also calculate your loan EMI using our Personal Loan EMI Calculator based on your loan amount.

How to qualify for a personal loan?

Qualifying for a personal loan is easy if you can meet the eligibility criteria of Bajaj Finserv and submit some documents.


  • You should be aged between 21 years and 80 years*
  • You need to be a resident of India
  • You should be working for an MNC, private or a public limited company
  • You should have a minimum CIBIL score of 685


  • KYC documents
  • Employee ID card
  • Last 3 months’ salary slips
  • Salaried bank account statement of the previous 3 months

Along with these, the lender will also look at your CIBIL score and repayment history before approving your personal loan application.

What is the minimum salary required for personal loan?

The minimum salary for personal loans that you need to be earning will depend on your city of residence. The minimum salary that you need to be earning is Rs. 25,001, but that depends on your city. But, if you are earning Rs. 25,000, then you can’t apply for a loan in Pune. It is because the minimum salary in Pune is Rs. 35,000. The minimum salary required to apply for personal loans will differ from city to city.

What is the maximum age to avail of a personal loan?

At Bajaj Finserv, the personal loan age limit is between 21 years and 80 years*. Hence, the maximum age to avail of a loan is 80 years*. However, the younger an applicant is, the better his/ her chance to get the loan approval at the lowest interest rate personal loan. It is because he/ she has more working years left than an applicant in his/ her 50s. Thus, the applicant won’t face issues in paying the loan EMIs without the risk of defaulting.

How to check if I am eligible for a personal loan or not?

If you want to apply for a personal loan to meet some of your urgent financial needs, then you need to check if you are eligible for the desired loan amount or not. To do that, you can check your loan eligibility by using the personal loan eligibility checker. You need to select your city, age, income, and expenses and the tool will predict the eligible amount. As per the qualifying amount, you can apply for the same and get instant approval.

Can a person avail of a personal loan and a home loan simultaneously?

Yes, an individual can have a personal loan and a home loan account at the same time. If you have an ongoing personal loan and seek a home loan, you can apply for it. The only condition is that your debt to income ratio should not be above 50%. You can have multiple personal loans and yet apply for a home loan. You should ensure having higher creditworthiness so that you can manage home loan and personal loan repayments.

Who is eligible for a personal loan?

Anyone who meets the basic personal loan eligibility criteria can apply for our personal loans:

  • Nationality: Indian
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in.

*You should be 80 years* or younger, at the end of the loan tenure.

What are the factors that affect my eligibility for a personal loan?

Personal loan eligibility criteria are influenced by various factors. These include credit score, income level, employment security, age, city of residence, and payback history. Lenders evaluate all these factors to determine the borrower's risk profile and eligibility for a personal loan.

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