How Much Personal Loan Can I Get Based on My Salary

Banks and NBFCs typically offer personal loans ranging from ₹10,000 to ₹40 lakh. However, the loan amount you qualify for...

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4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

ICICI Bank

100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest11% - 13%

Tenure upto1-5 Years

Processing FeeUpto 2%

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

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How Do Lenders Calculate Personal Loan Eligibility?

Explore Personal Loan Offers Based on Your Salary

How to Check Personal Loan Offers at Paisabazaar?

Personal Loan Eligibility Criteria for Salaried Individuals

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

How Do Lenders Calculate Personal Loan Eligibility?

Lenders usually use Multiplier Method and EMI/NMI Ratio or a combination of these two methods to calculate your personal loan amount eligibility.

1. Multiplier Method

Lenders multiply your net monthly income by a set number (usually between 10 to 24) to calculate personal loan eligibility.

For instance, if your salary is Rs. 40,000 and the lender uses a 15x multiplier, you can get personal loan of up to Rs. 6 Lakh.

Here’s a quick overview of how much personal loan you can get based on your monthly salary as per the multiplier method:

Monthly Salary Maximum Loan Amount

Rs. 15,000 Rs. 2.25 Lakh

Rs. 20,000 Rs. 3.00 Lakh

Rs. 25,000 Rs. 3.75 Lakh

Rs. 30,000 Rs. 4.50 Lakh

Rs. 35,000 Rs. 5.25 Lakh

Rs. 40,000 Rs. 6.00 Lakh

Rs. 45,000 Rs. 6.75 Lakh

Rs. 50,000 Rs. 7.50 Lakh

Rs. 60,000 Rs. 9.00 Lakh

Rs. 70,000 Rs. 10.50 Lakh

Rs. 80,000 Rs. 12.00 Lakh

Rs. 90,000 Rs. 13.50 Lakh

Rs. 1,00,000 Rs. 15.00 Lakh

Note: For the above calculation, existing loan repayment obligations has been considered to be zero. For the multiplier method, the maximum loan amount is 15 times the NMI.

2. EMI/NMI Ratio

This method evaluates what percentage of your income goes towards EMIs. Most lenders prefer an EMI/NMI ratio of under 50–60%.

If you’re already repaying loans, the new loan amount will be adjusted to keep the EMI/NMI ratio within limits.

Want to check how much personal loan you’re eligible for? Visit Paisabazaar — India’s leading online financial marketplace — to compare personal loan offers from 30+ partner banks and NBFCs. You can also check pre-approved offers and your chances of approval — all without affecting your credit score.

Explore Personal Loan Offers Based on Your Salary

25000 Salary Personal Loan 30000 Salary Personal Loan

50000 Salary Personal Loan 60000 Salary Personal Loan

How to Check Personal Loan Offers at Paisabazaar?

Follow these steps to check eligible personal loan offers:

Enter your mobile number in the application form

Provide your personal details

Enter OTP to verify your mobile number

Select the loan purpose and loan amount

Compare offers and apply for the best-suited loan

Personal Loan Eligibility Criteria for Salaried Individuals

To qualify for a personal loan, you must meet the basic eligibility requirements:

Age: 21-60 years

Monthly income: Minimum Rs 15,000-Rs.25,000 (varies by lender)

Employment: Salaried with a stable job in a reputed organization

Work experience: At least 6 months to 1 year in current job

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How to Improve Your Eligibility for Higher Loan Amount

Opt for a longer tenure to lower EMI/NMI ratio

Choosing a longer repayment tenure reduces your EMI burden, thereby improving your EMI/NMI ratio and increasing the loan amount you’re eligible for.

Important Tip: Lenders prefer sanctioning personal loans to those having their total EMIs, including the EMI of the new loan, within 50-60% of their net monthly income.

Transfer or choose a lender offering low interest rates

Availing personal loans at lower interest rates would reduce your total EMI obligations, thereby, decreasing your EMI/NMI ratio and increasing the loan amount eligibility.

Important Tip: Use online financial marketplaces like Paisabazaar to compare personal loan offers based on their personal loan interest rates and other loan features and select the one that best suits your loan requirements based on various aspects of your credit profile, including your salary.

Declare additional income sources

If you have extra income from investments, rent or freelance work, declare it when applying for the personal loan.

Salary Requirements of Multiple Banks and NBFCs

SBI: Up to Rs. 35 Lakh or 24x NMI

HDFC Bank: Up to Rs. 40 Lakh

ICICI Bank: Up to Rs. 50 Lakh

Axis Bank: Up to Rs. 10-25 Lakh

Bajaj Finserv: Up to Rs. 25 Lakh

Kotak Mahindra Bank: Up to Rs. 35 Lakh

IndusInd Bank: Up to Rs. 50 Lakh

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANK Axis Bank Kotak Mahindra Bank ICICI Bank Federal Bank IDFC First Bank Indusind Bank RBL Bank Tata Capital

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FAQs

It depends on your income, credit score, and liabilities. Typically, salaried individuals can get personal loans ranging from 10 to 24 times of their monthly income.

SBI offers up to 24 times your NMI. On Rs. 50,000, you may get up to Rs. 12 Lakh, provided you have no other EMIs.

You can get a loan between Rs. 9 – 12 Lakh depending on the lender and your existing obligations.

Based on a 15–20x multiplier, you can get up to Rs. 10.5 – Rs. 14 Lakh, subject to eligibility.

Expect up to Rs. 5 – 6.5 Lakh, based on EMI/NMI ratio and repayment history.

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What our customers say
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20th Jan 2026Jan 20, 2026
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Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha
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Easy personal loan available
Took personal loan. Good experience.
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Stress-free Laon Borrowing Process
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Abhishek ThakuraJan 14, 2026
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Written By
Vandana Punj

Reviewed By
Shamik Ghosh

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