Quick Loan Eligibility Assessment!
Unlock your financial potential with our easy-to-use Loan Eligibility Calculator. Whether you're planning to buy gold or simply exploring your borrowing options, our tool gives you quick and accurate insights into how much you can borrow. No more guesswork—just enter your details and get an instant estimate tailored to your needs. Start your journey to financial freedom today!
What Is an Eligibility Calculator?
An eligibility calculator is a tool designed to help you quickly determine the loan amount you may qualify for based on your financial details. By entering information such as your income, existing EMIs, and employment type, the calculator provides a rough estimate of your loan eligibility, saving you time and simplifying the loan application process.
Eligibility Calculator
What Are the Benefits of Using a Loan Eligibility Checker?
Quick Answers
Get an instant estimate of your loan eligibility without lengthy consultations or waiting times.
Ease of Use
Our user-friendly interface allows you to check your loan eligibility with just a few clicks, no technical expertise required.
Check Varying Combinations
Easily experiment with different income and EMI combinations to understand how they impact your loan eligibility, helping you make informed decisions.
Loan Eligibility FAQs
You can check your loan eligibility by filling out the eligibility form on our website. Simply provide your name, pincode, employment type (salaried or self-employed), monthly or annual income, and your current EMI amount. Based on this information, we will calculate and display a rough estimate of the loan amount you may be eligible for.
To qualify for a loan, you need to meet the following criteria:
- Age: You should be between 25 and 60 years old.
- Income:
- Salaried employees must have a minimum monthly income of ₹27,000 in metro cities or ₹30,000 in other cities.
- Self-employed professionals must have a minimum monthly income of ₹35,000 in metro cities or ₹40,000 in other cities.
- CIBIL Score: A CIBIL score between 650 and 900 is required.
- Employment: Self-employed individuals must have a minimum of 2 years of turnover.
The loan amount you can get depends on your monthly income and EMI commitments:
- For salaried employees, the loan amount is calculated based on your income after deducting the EMI. The remaining amount is multiplied by 10 to estimate your loan eligibility.
- The minimum loan amount is ₹20,000, and the maximum can go up to ₹5 lakhs, depending on your eligibility.
The minimum loan amount you can avail is ₹20,000. Depending on your eligibility, you can avail a maximum loan amount of up to ₹5 lakhs.
You can apply for a loan in 180 cities across India. Check with us to confirm if your city is on the list.
If you are self-employed, you must meet the following criteria:
- You should have a minimum of 2 years of turnover.
- Your minimum monthly income should be ₹35,000 in metro cities or ₹40,000 in other cities.
- Your loan eligibility will be calculated based on your annual income after deducting any EMI commitments.
A CIBIL score of 650+ is required to be eligible for a loan. Higher scores generally improve your chances of approval and better loan terms.
