How Much Personal Loan A Salaried Person Can Get In India?

Salaried people in India can get up to INR 25 lakhs in the form of a personal loan, depending on their eligibility and the lender’s policy.

As a professional, you work hard to bring a smile to the faces of those who depend on you. You have to take care of many things at once. In a country like India, where a vast majority of salaried professionals avail of public transport, the physical strain of traveling to and from the office can be taxing.

However, amidst all these, you may sometimes feel that your aspirations are not getting the attention they deserve, primarily due to the shortage of funds. Or, there may be times when you have to arrange funds for someone battling with a health issue. An instant personal loan from Fullerton India is for people like you, who always consider others’ needs as their priority.

So, how much can you get from a personal loan based on your salary?


The Key Factors That Determine the Loan Amount

Lenders who offer unsecured loans, like an instant personal loan from Fullerton India, set a few criteria for determining the loan amount a salaried borrower can avail.

The top parameters that the lender considers before approving a personal loan are the following.

Credit Score

A credit score is a top determinant for the loan amount.

Credit score ranges between 300 and 900. It is a near-accurate indicator of a borrower’s financial status. Lenders in India use the credit score to verify the merit of a loan application and decide the personal loan interest rates.

Typically, lenders in India consider 750 as a healthy credit score. Hence, if you want to apply for an instant personal loan from Fullerton India and get the best interest rates, you should aspire for a credit score beyond 750.

However, you may still apply for an instant personal loan from Fullerton India if your credit score is below 750. The interest rates might be higher than usual, though.

Therefore, as an informed borrower, the first thing you should do is take measures to increase your credit score before opting for a personal loan.

Monthly Income

Monthly income is another critical parameter that lenders take into account before approving a loan or determining the loan amount.

Suppose the minimum income criteria of an instant personal loan from Fullerton India is anything to go by. In that case, most lenders want a salaried borrower to earn a minimum of INR 25,000 (in Delhi or Mumbai) and INR 20,000 (in other cities) every month to avail the loan.

Hence, the higher your salary is above the threshold limit; the better are your chances to negotiate the personal loan interest rates.

A high salary also means you have more disposable income and assures the lender about your repayment capability. It helps to have total debt at less than 30%-40% of the net monthly income.

In simple terms, if you earn INR 50,000 per month and your outstanding debt is less than INR 20,000 per month, you can often get the best personal loan interest rates. However, lenders like Fullerton also approve a personal loan if your EMIs do not cross 65% of your net monthly income.

The Stability of Income

You might be a fresh graduate taking home a whopping INR 1 lac every month. But, the five-figure salary won’t be enough for your lender to approve the loan straight away.

Most lenders in India want the borrower to have a work experience of at least one year before they can apply for a loan. Additionally, when you apply for an instant personal loan from Fullerton India, you also need to have experience of six months in the current company. As a personal loan is unsecured, the lender needs this guarantee to ensure that you are credible.

To make the deal sweeter, Fullerton offers personal loan interest rates from 11.99% and a loan amount of up to 25 lakh INR. You may also expect a host of benefits if you fulfil these basic requirements.

The Ultimate Tips to Secure a Personal Loan

Getting a feature-rich personal loan, like the instant personal loan from Fullerton India, can be easy when you keep in mind these simple tips.

  1. Aspire to keep your credit score on the higher side of 750. To increase the credit score, you must clear existing loan dues on time, never avail too many loans or cards, and keep the credit utilisation ratio low.
  2. Explore ways to increase your salary. You may also need to convince the lender that you are not a frequent job-hopper. In essence, the more stable your job, the more professional the lender considers you to be.
  3. Negotiate personal loan interest rates. It is imperative if you are applying offline, as the loan officer calculates the interest and the EMI manually.


As a salaried professional, you do enough for your employer. Now it’s time to reward yourself and your family with an instant personal loan from Fullerton India. The ultra-low personal loan interest rates can give you more reasons to opt for one.