What is Personal loan?
Eligibility for personal loan
The required income varies from city to city, but the minimum required monthly income should be Rs 15,000 which varies from banks.
Applicant would need minimum 2 years of experience and should be part of the organization for more than 6 months.
Self Employed individual should have business continuity for minimum 3 years.
To be eligible for a personal loan you should be having a credit score of 700, some banks would want you to have a credit score of 750.