Complete guide on who qualifies and what lenders check for personal loan applicants in India (Delhi NCR focus for service density).
Personal loans are unsecured. Lenders focus on income stability, CIBIL score and FOIR rather than collateral.
| Applicant type | Salaried or self-employed resident Indians |
|---|---|
| Age | 21 – 58 years (salaried); some NBFCs allow up to 65 at maturity |
| Income (salaried) | Minimum net salary often ₹15,000 – ₹25,000 per month |
| Income (self-employed) | Minimum annual income often ₹2 Lakh – ₹3 Lakh with 2 years ITR |
| Credit score | 700+ preferred; 750+ for best rates |
| Employment vintage | Salaried: 6–12 months with current employer |
| FOIR | Total EMIs usually capped around 40%–55% of net monthly income |
*Indicative. Final criteria are set in the lender’s policy and sanction letter.
Most products start at 18 or 21 years; maximum age is set at loan maturity.
Often yes, but 750+ unlocks better rates and more lender options.
Yes where the product allows, usually with ITR and banking proof.
No — each lender sets its own obligation ratio policy.
Serviceability by PIN code matters; Delhi NCR is widely covered.
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