How Much Personal Loan Can I Get on My Salary?
A personal loan is one of the most accessible financial products, especially for salaried professionals. But a common question is: How much personal loan can I get based on my salary? Let's break this down with real numbers and practical tips, especially in the Indian lending context.
1. Loan Eligibility Based on Salary
Lenders typically use a Fixed Obligation to Income Ratio (FOIR) to determine your eligibility. The FOIR measures how much of your income goes toward existing liabilities and how much is left for a new loan.
General FOIR Limit: 40% to 50% of net monthly income
For High Earners: Can go up to 60% in some cases
Example Calculation:
| Monthly Net Salary | Eligible Personal Loan Amount (approx.) |
|---|---|
| ₹20,000 | ₹1.2 – ₹2 lakhs |
| ₹30,000 | ₹1.8 – ₹3 lakhs |
| ₹50,000 | ₹3 – ₹6 lakhs |
| ₹75,000 | ₹5 – ₹9 lakhs |
| ₹1,00,000 | ₹7 – ₹12 lakhs |
Note: These are estimates; the final amount depends on credit score, liabilities, employer category, and lending institution.
2. Factors Affecting Personal Loan Amount
Credit Score: A higher score (750+) increases your eligible amount.
Job Stability: Longer tenure with current employer is favorable.
Existing EMIs: Lower EMIs mean higher eligibility.
Employer Profile: Government or MNC employees often get better offers.
3. How to Increase Your Personal Loan Eligibility
Repay existing loans or reduce EMIs
Apply with a co-applicant
Opt for longer tenure loans
Maintain a good credit score
4. Vizzve Finance Advantage
Vizzve Finance simplifies your loan journey with:
Instant eligibility checks
Pre-approved offers
Personalized interest rates
Transparent EMI options
Whether you earn ₹20K or ₹2 lakhs per month, Vizzve Finance helps match you with the best-fit loan options in minutes.
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Frequently Asked Questions (FAQs)
Q1. Can I get a personal loan with a ₹25,000 salary?
Yes, depending on your FOIR and credit score, you can get around ₹1.5 – ₹2.5 lakhs.
Q2. How much loan can I get if my salary is ₹50,000?
You may be eligible for a loan between ₹3 to ₹6 lakhs, depending on your credit profile.
Q3. Does my CIBIL score affect how much loan I get?
Yes, it significantly impacts both loan amount and interest rate.
Q4. Can I get a personal loan without any salary proof?
No. Most lenders require salary slips or bank statements as proof of income.
Q5. Can I increase my loan amount by adding a co-applicant?
Yes. A co-applicant with a good income can improve your loan eligibility.
Published on: August 2, 2025
Published by: selvi
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