Before you begin your search for a personal loan, you must first know the amount you can get on your salary/income. And to ease out your search, we have come up with a personal loan eligibility calculator. It is a free-of-cost online tool that makes your borrowing experience less tricky.
Personal loan eligibility calculator is a free, easy to use online tool that gives you an estimated loan amount that you are eligible for. Your eligibility is determined by various factors such as your monthly income, ongoing EMIs, loan tenure, and interest rate. Just fill up the required details in the online calculator and it will provide you with the maximum limit of the personal loan amount you can apply for, immediately.
As there is no requirement of a collateral for a personal loan, the lenders look into some other factors to determine borrower’s credibility. Some of those factors are given below:
Calculating personal loan eligibility becomes a simple and instant process when done with EkalFinance personal loan eligibility calculator.
Follow the given simple steps and reduce your stress:
The result shown is an indicative amount to give you an idea so that you can plan your finances ahead with a bit clarity. To know the exact value, click on the “Apply now” button and fill in your complete information as required.
Frequently Asked Question ?
1) How To Calculate My Personal Loan ?
=> You can use EkalFinance Personal Loan Eligibility Calculator to get an estimated personal loan value you can apply for. Just fill up the details such as income, loan amount, monthly EMI and others which are required and get an instant result right at your fingertips. It helps you to get a clear idea and plan your finances more efficiently.
2)How Does My Credit Score Impact My Personal Loan Eligibility ?
=>The credit score determines the creditworthiness of the borrower. A higher credit score opens the door to lower interest rates and other good deals & offers.
3)Which factors affect the eligibility of a person to get a personal loan?
=>There are many factors that lenders look for before approving a personal loan. Some of them are mentioned below:
Monthly Income
Credit Score and Credit History
Existing Credit
Employment status