Documents Required for Personal Loans
- Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
- Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Latest 3 months Bank Statement (where salary/income is credited).
Similarly, can I get a loan with 17000 salary?
A who is 25 years old has a net income of ₹ 17,000. He wants to take a personal loan of ₹ 1 Lakh for 48 months. … With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.
In this regard, how many payslips do I need for a personal loan?
How much loan can I get on 35000 salary?
Here taking a salary as ₹ 35k, & without any fixed monthly obligation, you can pay a maximum of ₹ 17,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 20,46,586 using a home loan eligibility calculator (assuming 3 household members).
How much loan can I get on 60000 salary?
However, if you are deliberating on the loan amount with how much loan I can get on a 60,000 salary, the approved amount should be close to
| Salary | Expected Personal Loan Amount |
|---|---|
| Rs. 40,000 | Rs. 10.80 lakhs |
| Rs. 50,000 | Rs. 13.50 lakhs |
| Rs. 60,000 | Rs. 16.20 lakhs |
How much personal loan can I get if my salary is 15000?
A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.
How much personal loan can I get if my salary is 25000?
The maximum amount you can get for a personal loan on 25000 salary will be Rs. 250000/-This again depends on your income, repayment capacity and credit score.
What are the qualifications for personal loan eligibility?
How to qualify for a personal loan?
- You should be aged between 20 and 60 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 750.
- KYC documents.
- Employee ID card.
- Last 2 months’ salary slips.
What is personal loan requirement?
The personal loan eligibility criteria heavily depend on your disposable income. This should be at least 30% to 40% of your net monthly income. You should have a good credit score. … This will ensure a maximum personal loan amount based on your income, age, repayment capacity, and other factors.
What is the minimum salary required for personal loan?
Some lenders will need you to earn over $30,000 p.a. to be eligible, while others only need you to be making over $300 per week. There are also lenders that don’t have a minimum income requirement, although these loans are usually more expensive.