The minimum salary for a personal loan in India typically ranges from \u20b915,000 to \u20b935,000 per month, depending on the lender type and city. Public sector banks usually accept \u20b915,000\u2013\u20b925,000, private banks and NBFCs prefer \u20b925,000\u2013\u20b935,000 in metro cities, and select NBFCs or digital lending partners may consider salaried applicants earning \u20b912,000\u2013\u20b920,000 in Tier 2 and Tier 3 cities. Your final personal loan eligibility also depends on your credit score, existing EMIs, employer category, and job stability, not salary alone. <\/p>\n\n\n\n
Most banks set the minimum salary for personal loan<\/a> applications at \u20b915,000\u2013\u20b925,000 per month for salaried employees, while some private banks require \u20b930,000\u2013\u20b935,000.<\/p>\n\n\n\n There is no single, RBI-mandated minimum income for personal loan applications in India. Each bank and NBFC sets its own salary threshold as part of its internal credit policy, based on its risk appetite, the applicant’s city, and the type of employer. This is why the same applicant can be rejected by one bank and approved by another purely on the basis of differing salary required for personal loan<\/a> norms.<\/p>\n\n\n\nMinimum Salary for Personal Loan by Lender Type<\/strong><\/h3>\n\n\n\n