Check Eligibility Criteria for Personal Loan Online

Now, meeting the requirements for a personal loan is super convenient. Check your eligibility before applying for a loan and get cash in no time with Fibe.

Personal Loan Eligibility Criteria

Eligibility Criteria for Personal Loan

With Fibe’s easy-to-meet eligibility criteria, you can now apply for a loan hassle-free. It is designed to provide quick online loans, making qualifying for a personal loan pretty simple. To ensure a seamless experience,  check the personal loan eligibility criteria before applying for a loan. Once you match the eligibility criteria, you can then apply for the loan from our official website or simply download Fibe’s App and get up to ₹5 Lakhs in minutes directly in your bank account. Refer to the pointers mentioned below to check your eligibility for a personal loan.

Age:Above 21 and below 55 years

Salary:Minimum in-hand salary of ₹18,000 in metros and ₹15,000 in non-metros

Residence:You must be a resident of India

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Factors Affecting Eligibility for a Personal Loan

The following are the factors affecting the eligibility criteria:
Age:

It is the most important factor to consider before applying for a loan. It shows your financial steadiness and earnings to the lender. At Fibe, we offer credits to individuals of age between 21 to 55 years.

Income:

Before lending, every financial institution will ensure that the applicant has sufficient monthly income to understand the repayment capacity. At Fibe, you can avail of a personal loan if your minimum in-hand salary is ₹15,000 in non-metro cities and ₹18,000 in metro cities.

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Tips to Improve Personal Loan Eligibility

Ensure you meet the lender’s eligibility criteria to get quick loan approval. Here are some tips that can help you improve your personal loan eligibility:
Maintain a good credit score:

Since personal loans are unsecured loans, lenders will rely heavily on your credit score and repayment abilities. Credit scores help to determine your creditworthiness. If you have a good credit score, your chances of getting a loan quickly increase with other benefits like lower interest rates, higher loan limit availability and many more.

Reduce debt-to-income ratio:

Your debt-to-income ratio is the percentage of the gross monthly debt and gross monthly income. The gross monthly debt should not be more than your gross monthly income. If this happens, you might miss your timely EMI payments, which can mark you as a defaulter.

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FAQs on Personal Loan Eligibility Criteria

To avail of a Personal Loan from Fibe, an applicant must have a minimum in-hand salary of ₹15,000 in non-metro cities and ₹18,000 in metro cities.

You can apply for this type of loan with Fibe if you are between the age of 21 to 55 years.

Below are the factors that affect eligibility:

  1. Age
  2. Income
  3. City Pincode
  4. Employment type
  5. Credit Score
  6. Monthly expense


To meet the eligibility criteria for a personal loan, you must be above the age of 21 years and below 55 years. You should also be a salaried individual with a minimum in-hand salary of ₹15,000 in non-metro cities and ₹18,000 in metro cities. Apart from these, you must be a resident of India.
Anybody not meeting these requirements, will not be eligible to apply for one.

Ensure that you have a good credit score, you meet the lender’s eligibility criteria and have the documents required to qualify for a loan easily.

You can check your loan eligibility by accessing Fibe’s eligibility calculator.

You can check your loan eligibility with Fibe’s personal loan eligibility calculator. Just select your city, employment type with the combination of age, monthly income, etc. and get the results instantly.

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