Personal Loan Eligibility Calculator

Determine the Eligibility on your personal loan using Piramal Finance Personal Loan Eligibility Calculator

A personal loan is an excellent way to meet an unexpected financial need. Piramal Finance is the place to go if you need a personal loan quickly and conveniently. Before you apply for a loan, you can use our personal loan eligibility and EMI calculator.

Our personal loan eligibility calculator reveals how much you will be able to borrow from us. The tool requires you to enter certain information so that it can check your personal loan eligibility online. Whether it's 50 thousand or 30 lakhs personal loan eligibility, our calculator can check it all.

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What is a Personal Loan Eligibility Calculator?

The Piramal Finance Personal loan eligibility calculator helps you determine the maximum amount that you can borrow. It takes into account various factors like your monthly income and repayment capacity to reveal how much you can afford to borrow and repay. Your age, existing debt, credit history, and other factors are also important in order to be eligible for a loan.

The primary benefits of using our loan eligibility calculator for a personal loan are as follows:

  • No loan application rejections: Our loan eligibility checker will assist you in determining whether you will receive the required amount. If the loan calculator indicates that you are not eligible, you can begin working on factors that will increase your eligibility.
  • Easy to use: Our eligibility calculator is easy to use. You only need to enter certain details to receive the information you need.
  • Saves time and energy: In the past, you had to run to your lender's office multiple times to determine whether you were eligible for personal loans. But the online loan eligibility calculator lets you determine how much you can borrow from the comfort of your home. Once you enter the details using the slider, you will be able to receive the results instantly.

How to Use the Piramal Finance Personal Loan Eligibility Calculator?

Our Personal loan eligibility calculator requires you to fill up certain boxes to determine how much you can borrow. The information that you need to provide is as follows:

  • Profession: Only salaried professionals are eligible for Piramal Finance personal loans.
  • Gross Monthly Income: Specify your gross monthly income using the slider between 20k to 10 lakhs.
  • Existing EMIs: Mention your existing debts, which can range from 0 to up to 5 lakhs.
  • Interest rate: The check personal loan eligibility calculator requires you to pick a rate of interest between 12.99% to 24%.
  • Loan tenure: The tenure of your loan can range from 1 year to 4 years.

Before you begin filling out the application, you must carefully check the personal loan eligibility and document requirements on our website.

Factors Affecting Personal Loan Eligibility


Your personal loan eligibility also depends on where you live. For instance, people in metro cities might be able to get a personal loan easily because of easy access to earning opportunities.

The reputation of the employer

Your personal loan eligibility also depends on the reputation of your employer. Your loan application is more likely to get approved when you work under a reliable and trustworthy employer


Age is a crucial factor during a personal loan eligibility check because it helps lenders determine whether you have a sufficient number of working years left. At Piramal Finance, only salaried individuals between the ages of 21-60 years are eligible for personal loans.


Every lender specifies a minimum income for getting a personal loan. At Piramal Finance, only individuals with a monthly income of ₹25,000 or more are eligible for personal loans. Try revealing all your income sources to improve your Personal loan eligibility.

Type of occupation

Your eligibility for a personal loan also depends on your job. At Piramal Finance, individuals working in government institutions, the private sector, the public sector, partnership firms, MNCs, or related companies, and proprietorship concerns are eligible for personal loans. You must have been working in your current organization for at least six months to be eligible for personal loans

Existing debts

The lender will try to figure out in detail whether you are currently paying any other loan before deciding whether you are suitable for a personal loan. By checking your existing debts, the lender wants to make sure whether you will be able to afford to pay your personal loan EMIs. Having too much debt might not be an issue. But if you have been struggling to pay them, it won't reflect well on your credit history

Credit score

Your credit score depends on your credit history, and it proves your creditworthiness to lenders. In other words, it shows lenders whether you have been paying your previous debts and credit card bills diligently. The higher your CIBIL score is, the better your chances of getting approved for a personal loan. Lenders usually prefer borrowers with a CIBIL score of more than 600 in the case of personal loans

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How is personal loan eligibility calculated?
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How can I check personal loan eligibility?
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How much personal loan can you get on your salary?
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How to qualify for a personal loan?
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What is the minimum income requirement to get a personal loan?
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What is the maximum age to avail of a personal loan?
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How to check if I am eligible for a personal loan or not?
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What is a credit score, and how does it help when applying for a loan?
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Will I be eligible for a personal loan even if I have bad credit?
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What should be the minimum CIBIL score for availing of a loan?
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Can I get a personal loan with a low or minimum CIBIL score?
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How can I get a personal loan without a salary slip?
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Is a guarantor needed for a personal loan?
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Can I Avail of a Personal Loan if I Require Funds for Business Needs?
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What is the maximum repayment tenure I can get for my personal loan?
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About Piramal Finance

Piramal Finance is a part of Piramal Group Enterprises Limited and is registered under National Housing Bank. It offers retail and wholesale funding opportunities to companies across different industries. It is also involved with financial service businesses. The business loan benefits offered by Piramal Finance enable companies of different sizes to fulfill their goals. But Piramal Finance also offers other kinds of loans, including housing and personal loans.