Check your loan eligibility in just a minute with a fully digital process. Get instant access to up to ₹5 lakh with flexible EMI options of 6, 9, and 12 months. Enjoy quick approvals, minimal documentation, and competitive interest rates. Whether for travel, medical needs, or home renovations, secure your loan hassle-free.
While different lenders have a different eligibility criteria to offer you personal loans, there are some common factors that can affect your personal loan eligibility.
Your age must be 21 and above.
Individuals who have a stable source of income.
Monthly income must be atleast Rs.15000.
A good credit score and clean repayment history indicates you’re a low-risk borrower who can be trusted with loan.
When you improve your credit score to at least 750, you automatically increase your loan eligibility. A good credit score and history shows good repayment behaviour which can get you high value loans instantly.
When you apply for a personal loan or credit card, a hard inquiry is made to the bureau which is reflected in your CIBIL report. Too many hard inquiries indicate you’re a credit hungry borrower which can reduce your eligibility for a loan.
Your monthly income is an important factor that shows your ability to repay the loan. When you have a high and steady source of income, it makes you a low-risk borrower which improves your personal loan eligibility.
When you choose a personal loan with longer repayment tenure, it reduces the EMI amount you have to pay every month. This way, you can increase your loan eligibility and repay your loan conveniently.
You have to meet a personal loan eligibility to complete your application for a loan. And our personal loan eligibility is simple! This is all you need to get approved for loans up to ₹5 lakhs:
If you meet our eligibility criteria, you can apply for a personal loan of up to ₹5 lakhs in less than 6 minutes without any document uploads or paperwork. All you need is your PAN and Aadhaar number to complete the application.
You should always check eligibility for loans before starting your application.
When applying for a personal loan, meeting specific eligibility criteria is crucial for approval. Generally, we consider the following factors for personal loan eligibility:
Understanding these criteria can help you prepare and increase your chances of securing a personal loan with Zype.
You can check your personal loan eligibility online by visiting the loan provider’s website. Zype offers personal loans to salaried individuals who have a valid PAN with a minimum monthly salary of ₹15000.
On Zype, you can repay your loan in 6, 9 or 12 EMIs.
No, you need a minimum monthly salary of at least ₹15000 to get a personal loan from Zype.
Yes, Zype’s personal loan eligibility calculator allows you to compare eligibility.
Personal loan lenders like Zype assess your income to ensure you can comfortably repay the loan. Higher income levels generally lead to higher loan amounts and better interest rates, enhancing your chances of approval.
Age affects personal loan eligibility as mostly loan apps like Zype typically prefer applicants above 21.
No, you cannot get a personal loan without a salary. You need a minimum monthly salary of at least ₹15000 to get a personal loan from Zype.
You can submit your bank statement or salary slip to complete your application. With Zype, you only need your PAN & Aadhaar number to complete your application.
Yes, you can get an NOC after you have completed the repayment of the loan.
Lenders consider many factors like your credit score, repayment history, monthly income, etc. to evaluate your personal loan eligibility.
To determine your qualification for a personal loan you can use online eligibility calculators or check the eligibility required in the lender’s official website.
Zype assesses your monthly income to determine your repayment capacity. A higher income increases your chances of approval and can lead to larger loan amounts and more favourable terms.
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