Personal Loan Eligibility Calculator

Apply for Personal Loan

Are you always waiting to accumulate funds to finance your aspirations? Well, your wait is over. Personal loans from DBS Bank are there to help fund your desires and needs, irrespective of whether it's the latest smartphone you had your eyes on for a while, the perfect wedding, or a family vacation. You can avail of a personal loan through your DBS Bank app to make your dreams come true today.We have designed our customisable personal loan eligibility calculator keeping your convenience in mind. You can quickly identify and check your eligibility for personal loans instantly. The calculator helps you find out your eligibility for a personal loan and considers factors such as age, net income, other loan obligations, and years of experience. The personal loan eligibility calculator will help you find out the amount of personal loan you can apply for so that you can plan accordingly. Apply for Personal Loan

Personal Loan Eligibility CriteriaPersonal loan eligibility criteria vary for salaried individuals and self-employed individuals. The eligibility is computed based on a multiplier of net income earned. That is, the loan you get will be a multiple of the net income available after meeting other loan obligations.The following are the broad parameters considered before calculating eligibility for personal loans.Personal loan eligibility criteria for salaried individualsPersonal loan eligibility criteria for salaried individuals include parameters like monthly fixed income and years of experience in the profession. The table below details the requirements

Criteria

Salaried Professionals

Age

Minimum of 22 years
Maximum 60 years by loan maturity

Occupation

Salaried individuals

Income

Minimum Rs. 25,000 per month

Years in the current profession

Two years

Personal loan eligibility criteria for self-employed individualsThe eligibility criteria for self-employed individuals is similar to salaried professionals and considers parameters of their average monthly income, professional or non-professional income, and years of experience in the current profession. The table below has some of the criteria considered

Criteria

Self-Employed Individuals

Age

Minimum of 22 years
Maximum 60 years by loan maturity

Occupation

Self-employed

Income

Minimum Rs. 25,000 per month

Years in the current profession

Using our personal loan eligibility calculator, you can calculate the amount of personal loans you are eligible to apply for instantly. Input your birth date, net salary, extent of other EMIs or monthly loan obligations, and monthly credit card payments. The personal loan eligibility calculator will show the amount you are eligible to apply for immediately. Apply for Personal Loan

Do More, Live More

Open Instant DBS Bank Savings Account in just a few minutes.

Download digibank.

Fill your details and complete KYC.

Activate your DBS Bank savings account.

Open a DBS Bank Account Now

Are self-employed individuals eligible for personal loans?

What is the personal loan eligibility criteria for salaried professionals?

The eligibility criteria for salaried professionals are

Age: Minimum 22 years old and a maximum of 60 years old at the time of loan maturity

Salary: Minimum Rs. 25,000 per month

Professional experience: Minimum of 2 years

How much personal loan can I get on my assured salary income?

DBS Bank offers personal loans from Rs. 25,000 to a maximum to Rs. 15 lakh. Eligibility for personal loans depends on your age, income, other financial obligations, and years of experience in the profession. Use our personal loan eligibility checker to instantly identify the amount you are eligible to apply for with DBS Bank. Using the online calculator, you can apply for a loan amount that you are sure to be eligible for and minimise the possibilities of rejection.

What is the maximum tenure of personal loans?

What is the minimum salary needed to apply for personal loans?

To be eligible to apply for personal loans, you must have a minimum salary of Rs. 20,000 a month. The minimum income amount is irrespective of the city of residence and whether you are salaried or self-employed.

What is the maximum age limit to apply for personal loans?

Am I eligible to apply for personal loans if I already have a home loan?

How can I check if I am eligible for personal loans?

You can use your personal loans eligibility criteria here to know instantly to what extent you are eligible to apply. All you need to input is your fixed monthly income, age, years in the profession, and other loan obligations or repayments. The calculator instantly provides you with the maximum amount you are eligible to apply for personal loans. You can then use the amount to apply for personal loans to minimise the chances of rejection.

How can I apply for personal loans?

Applying for personal loans has never been this easy. DBS Bank users can use three simple steps to apply for personal loans:

Download the DBS Bank mobile app

Launch the app on your smartphone

What are the documents needed to apply for personal loans?

The entire application process for DBS Bank personal loans is paperless. You need to enter only basic personal details to apply for these. In case the amount requested is higher than the approved limit, bank details or statements of accounts (other than those of DBS Bank accounts) will need to be provided. IT returns, or salary slips are not required to apply for DBS Bank personal loans.