How is personal loan eligibility calculated?

The eligibility for personal loans majorly remains the same for all lenders/banks. However, there might be a minor fluctuation in the eligibility criteria in terms of salary. Yet below are the basic eligibility criteria:

• Employees of private limited companies or PSUs
• Individuals between 21 and 60 years of age
• Individuals who have had a job for at least two years, with a minimum of 1 year with the current employer
• Income criteria
• Based on the above criteria, you can calculate your eligibility.

To know more about personal loan eligibility calculations, follow this link.