Frequently Asked
Questions
Loan FAQ's

How is the maximum loan amount decided?

Your maximum eligible loan amount is affected by the following factors. The higher your income, the higher the loan amount you are eligible for. In the event that you are already paying an EMI towards a previous loan, your loan amount for a new Personal Loan may go down. This is because your income in hand would be lower compared to a scenario where you are not already paying another EMI. The higher the number of dependents on you, the lower the eligibility amount. Note: This is by no means an exhaustive list of factors that impact Personal Loan disbursal limits. The final decision of your eligible loan amount is ultimately left to the discretion of your lender.

Related FAQ's

Can I apply for a personal loan jointly with my spouse?

Couples belonging to the DINK (Double Income No Kids) category can easily apply for a joint Personal Loan... Know More

How is the maximum loan amount decided?

Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan...Know More

What can I use a personal loan for?

A Personal Loan is a short to medium term loan that needs minimum to no paperwork and can be availed at short notice. ...Know More

What can I use a home loan for?

Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan... Know More

What can I use a business loan for?

Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan... Know More

What can I use a Loan against property for?

Personal loans are unsecured loans given without any collateral and can be used for many purpose. They give an individual a free hand in times of emergencies as they provide access to instan... Know More

Who can be joint borrowers in a Home Loan?

Family members including spouse, parents, siblings and/or children can jointly apply for a Home Loan. The benefits of a joint Home Loan is that the combined income of the members can help in... Know More

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