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 calculator. It is a financial tool designed to help you assess your eligibility. Our Personal Loan Eligibility calculator serves as a preliminary step in the loan application process, allowing you to estimate the likelihood of the loan application being approved and reveals how much you will be able to borrow from us.

Your Personal loan eligibility is
Results generated by the calculator is indicative in nature. Piramal Capital Housing Finance Limited (“PCHFL”) does not guarantee accuracy, commitment, undertaking, completeness, or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy.

The calculator is only a tool that assists the users to arrive at results of various illustrative scenarios generated from the data input by the users. The user should exercise due care and caution (including if necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of any decision, acting, or omitting to act, on the basis of the information contained/data generated herein.

PCHFL does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against PCHFL. Neither PCHFL nor any of its agents or licensors or group companies shall be liable to user/any third party, for any direct, indirect, Incidental, special, or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/information contained/data generated herein.
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What is a Personal Loan Eligibility Calculator?

Our Personal Loan Eligibility Calculator considers 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 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: You only need to enter basic 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 the eligibility.. 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 10 thousand to 10 lakhs.
  • Existing EMIs: Mention your existing debts, which can range from 0 to up to 5 lakhs.
  • Interest rate: You need to pick a rate of interest between 12.99% to 24%.
  • Loan tenure: The tenure of your loan can range from 3 months to 60 months.

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

Factors Affecting Personal Loan Eligibility

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 enough working years left. At Piramal Finance, only salaried individuals between the ages of 21-58 years are eligible for personal loans.


At Piramal Finance, only individuals with a monthly income of ₹15,000 or more are eligible for personal loan. Try revealing all your income sources to improve your 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 loan

Existing debts

By checking your existing debts, we want 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. In other words, it shows us whether you have diligently paid your previous debts and credit card bills. The higher your CIBIL score is, the better your chances of getting approved for a personal loan. Your credit score should be 700 and above to match our eligibility criteria.

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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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How to check if I am eligible for a personal loan or not?
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Will I be eligible for a personal loan even if I have a bad credit score?
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Are salary slips mandatory for availing a personal loan?
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Which personal loan documents are used as proof of income?
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