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What is the minimum income that I need for a personal loan in India?

Income is an important factor in evaluating a personal loan request. You must note that the minimum income limit varies from one lender to another. A lower-income borrower will always be a risky asset for lenders. A borrower with a higher income can qualify for a higher personal loan amount. Our study has shown that the minimum salary criteria for salaried people is a net take home of Rs. 12,000 per month.