A personal loan is a short-term unsecured loan that you can use it to fulfil your financial needs. Before applying for a personal loan, you must fulfil certain eligibility criteria.

Eligibility criteria to apply for a personal loan


  • Age of the applicant should be between 21-60 years
  • Minimum monthly income of Rs 20,000. (Varies according to area, which is higher in cities)
  • Minimum stability of 1 year in the current job.
  • Minimum work experience should be at least 2 years
  • Need basic documentation such as your address proof, identity proof, income proof and latest bank statements etc