Question 1

What is the minimum salary required for a personal loan?

Accepted Answer

Minimum monthly salary accepted is ₹15,000. Banks typically require ₹25,000+. NBFCs like Bajaj Finance, Tata Capital, and Fullerton India accept from ₹15,000.

Question 2

What CIBIL score is needed for a personal loan?

Accepted Answer

A CIBIL score of 700+ is ideal for bank loans. NBFCs may approve loans for scores as low as 600. A score above 750 qualifies you for the lowest interest rates.

Question 3

What is the lowest interest rate on personal loans in India?

Accepted Answer

Personal loans start from 9.75% p.a. Home loans from 7.15% p.a. through Siri Fintech services. Rates depend on your credit score, salary, and employer profile.

Question 4

How quickly can I get a personal loan?

Accepted Answer

Pre-approved customers can get same-day disbursal. New applicants typically receive funds within 2–7 working days after document verification.