Personal Loan Eligibility 2026 — How Much Can You Get?
Before applying for a personal loan, understand exactly how banks calculate how much they will lend you.
How Banks Calculate Your Eligibility
Step 1: Calculate net monthly income (in-hand, not CTC)
Step 2: Maximum EMI = 50% of net monthly income
Step 3: Subtract existing EMIs from that 50%
Step 4: Back-calculate loan amount from available EMI
Eligibility by Salary (No Existing EMIs, CIBIL 750+)
| Net Monthly Salary | Approx Max Loan |
|---|---|
| ₹20,000 | ₹3–5 lakh |
| ₹30,000 | ₹5–8 lakh |
| ₹50,000 | ₹10–15 lakh |
| ₹75,000 | ₹15–22 lakh |
| ₹1,00,000 | ₹22–35 lakh |
Current Lender Requirements
| Lender | Min Salary | CIBIL | Max Loan |
|---|---|---|---|
| Kotak / HDFC / Axis / IDFC First | ₹15,000–₹30,000 | 750+ | ₹40–50 L |
| Tata Capital | ₹20,000 | 650+ | ₹35 L |
| MoneyView / Fibe | ₹15,000 | 600+ | ₹5 L |