Understand personal loans before you apply.
Explore how personal loans work, which factors lenders may review and how to compare the total cost—not just the headline rate.
Check your personal loan eligibility
Answer a few questions to see an indicative affordability picture. Everything is calculated in your browser — nothing you enter here is sent or stored.
What lenders look at
Personal loans are typically unsecured, so lenders assess income stability, existing obligations, credit history and internal policy. The amount offered, pricing and approval decision depend on your individual profile and the lender.
Income & employment
Lenders may consider take-home income, employment continuity and the reliability of income evidence.
Existing EMIs
Your current repayments affect how much additional monthly instalment may be affordable.
Credit history
Payment behaviour, credit utilisation, report accuracy and recent applications can influence assessment.
Total borrowing cost
Compare interest, processing fees, late-payment charges, tenure and total repayment.
Documents lenders commonly ask for
- Identity and address proof (KYC)
- Salary slips for the last few months, or ITRs if self-employed
- Bank statements showing salary or income credits
- Employment proof such as an offer letter or employee ID, if asked
A general list — each lender publishes its own requirements and may ask for more. Share documents only through the lender’s official channels.
Before you submit an application
- Review your credit report and correct errors before applying.
- Calculate an EMI that remains manageable alongside essential expenses.
- Compare fees and tenure as well as the advertised interest rate.
- Check the lender’s official eligibility rules and privacy terms.
Want to try other numbers? Use the EMI calculator →
Can I know if I will be approved?
No online assessment can guarantee approval. The lender makes the final decision after its own checks.
Does checking my options affect my credit score?
This educational page does not access your credit report. Ask a lender or bureau whether a specific enquiry is a soft or hard enquiry.
Should I apply to several lenders at once?
Compare criteria first and avoid unnecessary applications in a short period. Multiple hard enquiries may affect some credit assessments.