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We serve loans, the best way you can borrow
A personal loan eligibility calculator serves as your financial planning companion that provides accurate insights about your borrowing potential. You get immediate clarity about the loan amount you qualify for without going through lengthy application processes or branch visits.
Our calculator considers various elements like your age, occupation type of employment and location to give you a realistic assessment of loan possibilities.
Getting your loan eligibility details takes just a few minutes with our simple digital process. You can check your personal loan eligibility right from your phone or computer without any complicated paperwork.
Fill in your name, age, current city and employment details in our simple online form.
Tell us about your monthly salary and other income sources. Don't forget to add details about your loans and EMIs.
Connect your credit information securely through our platform. Your credit score & history give us insights into your repayment capacity.
See your maximum eligible loan amount and interest rate options instantly. Apply right away when the offered terms match your requirements.
Our personal loan eligibility calculator gives you accurate instant results that help you make smart borrowing decisions. Here's what makes it special for our customers.
Check your eligibility within minutes from anywhere using just your phone or computer. No need to visit branches or submit physical documents at this stage. Our calculator works 24/7 – so you can check eligibility whenever you want.
Get precise eligibility calculations based on your actual financial profile. Our advanced algorithm considers multiple factors like income, credit score, and existing commitments to show realistic loan amounts. This helps you plan your finances better without any guesswork.
See different loan amounts and tenure combinations that match your profile. Understand exactly how much EMI you would need to pay for various loan options. This helps you choose the most comfortable repayment plan for your budget.
Your data stays completely secure with bank-grade encryption. We use your information for eligibility and do not share it with anyone else. You can check eligibility multiple times without affecting your credit score.
Your loan eligibility depends mainly on your income and repayment capacity. We use this simple formula:
| EMI is | Equated Monthly Instalment |
| P is | Principal loan amount |
| R is | Monthly interest rate (annual rate ÷ 12) |
| N is | Total number of months |
For a ₹1,00,000 loan at 12% interest for 12 months:
Monthly EMI = ₹8,884
Total Interest = ₹6,608
Total Repayment = ₹1,06,608
Different aspects of your financial profile affect how much loan you can get. Understanding these factors helps improve your chances of approval.
Income and Employment:
Your monthly salary and job stability play a key role in eligibility. Higher income and longer work experience with reputed employers typically mean better loan amounts. We consider both your take-home pay and additional income sources.
Credit History:
A good credit score shows responsible financial behaviour and helps get better loan terms. Regular bill payments and balanced credit usage improve your score over time. We look at your complete credit history not just the score.
Existing Commitments:
Your current loan EMIs and credit card payments affect how much new EMI you can manage. Lower existing obligations mean more room for new loan payments. We ensure the total EMIs stay within comfortable limits.
Making your loan experience smooth requires good planning. Here are practical ways to handle your personal loan smartly.
Plan EMIs Carefully:
Choose EMI amounts that leave enough buffer in your monthly budget for other expenses. Keep total loan payments within 40% of your income for comfortable repayment.
Pay Bills on Time:
Mark EMI dates in your calendar and keeps enough balance in your account. Set up auto-pay to avoid missing any payments that can attract late fees.
Track Your Expenses:
Monitor your monthly spending to ensure EMIs don't strain your finances. Cut down on optional expenses if needed to maintain regular loan payments.
Build Emergency Fund:
Save some money each month for unexpected expenses. This helps avoid using credit cards or new loans when sudden costs come up.
Check Prepayment Options:
Understanding prepayment rules helps save interest costs. Make extra payments when possible if there are no prepayment charges.
Our comprehensive calculator evaluates multiple aspects of your financial profile to determine accurate loan eligibility. We analyse your monthly income (including your salary bonuses and any additional earnings from investments or other sources). Your employment type – whether salaried or self-employed (or professional) plays a crucial role in the assessment. We look at your credit score and history of managing previous loans and credit cards.
Our calculator provides highly precise eligibility estimates as it uses the same core parameters and evaluation methods that actual lenders use in their assessments. We regularly update our calculation algorithms to reflect current lending policies and market conditions. The results typically match closely with final approved amounts subject to document verification.
Self-employed professionals need to show higher income stability with minimum annual turnover requirements. We also consider your income trends over the past few months and any additional revenue streams. The exact income requirement might vary based on your employment sector and overall financial profile.
Our calculator integrates comprehensive credit evaluation including your credit score and detailed credit history in the eligibility assessment. You can either enter your approximate score or securely connect your credit report through our platform for more precise results. We analyse your payment history and length of credit relationships. Regular payments made on time and responsible credit usage reflected in scores above 750 typically result in better loan terms and higher eligible amounts. We also consider recent credit behaviour and any significant changes in your credit profile.
Lenders conduct thorough evaluations of your financial health through multiple parameters. They examine your income stability by reviewing salary statements and bank transactions over the past six to twelve months. Your credit history – including repayment patterns on existing loans and credit cards receives careful consideration. Employment stability (particularly your current job tenure and total work experience influences decisions). Lenders assess your age, residence stability, professional qualifications and sometimes even your employer's reputation.
Scores between 650 and 700 might still qualify but could attract slightly higher interest rates or require additional income proof. Some specialised lenders offer credit-building loan programs for scores below 650 with different terms and conditions.
Our calculator implements different assessment models based on your employment category. For salaried employees, we consider monthly take-home pay, job stability and employer reputation. Self-employed professionals undergo evaluation based on business vintage annual turnover and profit margins.
Government employees often receive favourable consideration due to job security. We adjust income multipliers and eligibility criteria according to employment type-specific risks and stability factors. Different documentation requirements apply for each employment category (which the calculator factors into the initial eligibility assessment).
Select the loan details you want to know
Select the loan details you want to know
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Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
