Personal Loan Eligibility 2026
Age, income, credit score, job stability and FOIR rules — with each bank’s published thresholds.
Updated 27 September 2026 · 8 lenders trackedWhat you need to know
Personal loans are unsecured, so lenders judge you on income, employer, credit history and existing debt. Published thresholds include a minimum net monthly income of ₹15,000 (Axis customers) to ₹30,000 (Kotak, non-corporate), CIBIL 710+ at IDFC FIRST and age 21 – 60 at Bank of Baroda and IDFC FIRST.
What lenders check
Usually 21 – 60 for salaried; the loan should end before retirement.
Minimum ₹15,000 – ₹30,000 a month; employer category affects rate and limit.
710 – 750+ for the best rates; no recent defaults or settlements.
All EMIs within about 40% – 55% of net income.
Published criteria by bank
| Bank | Criteria |
|---|---|
| SBI | Salary account with SBI; ₹20,000 (govt/defence) or ₹25,000 (corporate) net monthly |
| HDFC Bank | Credit score about 720+ (aggregator) |
| ICICI Bank | No stated minimum; calculator starts at ₹30,000 net monthly |
| Axis Bank | ₹15,000 (Axis customers) / ₹25,000 (others) |
| Kotak | ₹25,000 corporate / ₹30,000 other / ₹20,000 Kotak staff; score ~750 |
| IDFC FIRST | Age 21 – 60; CIBIL 710+ |
| Bank of Baroda | Age 21 – 60 (salaried); 1 year continuous service or business |
Eligibility by profile
| Profile | What lenders look at | Examples from lenders tracked |
|---|---|---|
| Government / PSU / defence employee | Salary account with the lending bank helps most | BoB: 10.15% – 10.65% and nil fee with BoB salary account; SBI Xpress Credit: min ₹20,000 net monthly income |
| Salaried — large private company / MNC | Employer category, net income, credit score 710 – 750+ | SBI ₹25,000 (corporate); Kotak ₹25,000; Axis ₹15,000 (Axis customers) / ₹25,000 |
| Salaried — smaller company | Higher income bar and rate; longer job history | Kotak ₹30,000 (non-corporate); expect rates towards the upper band |
| Self-employed professional / business owner | 2 – 3 years’ ITRs, business vintage, bank-statement cash flow | BoB: 1 year in business, tenure 48 – 60 months; IDFC FIRST: no stated minimum income |
| Pensioner | Pension credited to the bank | SBI Pension Loan: tenure up to 7 years, fee 1% (max ₹10,000) |
| New to credit (no score) | Income proof and employer; smaller first loan | Pre-approved offers from your salary bank are the easiest route |
Income and score thresholds are from lender pages and aggregators (Sep 2026). Meeting them does not guarantee approval.
Frequently asked questions
Can I get a personal loan with a salary of ₹15,000?
Axis Bank lists ₹15,000 net monthly income for its existing customers; most banks ask for ₹20,000 – ₹30,000. The loan amount will be modest.
Does a co-applicant help?
Some banks allow a co-applicant whose income is added; many personal loans are single-applicant only.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.