The loan amount is the principal you draw from the bank as a short-term loan and settle your purpose. It's important to note that the loan amount excludes the processing charges, late penalties, and other associated charges that apply during the loan disbursal process. The maximum loan amount depends upon several factors, including borrowers' creditworthiness, the purpose of the loan, loan duration, income, and a few other factors.
Another factor considered during the personal loan approval is your ongoing loan accounts. If you have a high income but are already paying a specific amount as EMI, your eligibility may drop.
To check the maximum personal loan eligibility, follow the link.