Personal Loan Eligibility Checker
Enter your company name, salary & obligations. We'll instantly check which banks you qualify for, calculate max loan per tenure, and show you full FOIR breakdown.
Enter Your Details
🔒 No data shared. All calculations happen locally in your browser.
📋 Step-by-Step Loan Processing Procedure
Company Listing Verification
Your company is checked against the bank's approved company list. Category (A/B/C/D) is assigned based on bank's internal rating. Higher category = better rates & terms.
FOIR Calculation
Fixed Obligation to Income Ratio is calculated: (Total EMI obligations / Gross Monthly Salary) × 100. CibilBazaar uses: <₹50k → 50% | ₹50k-70k → 65% | >₹70k → 70% max FOIR.
Loan Amount Calculation
Available EMI = (Salary × FOIR%) − Existing EMIs. Max loan is then back-calculated for each tenure using the bank's applicable interest rate. Capped at bank's maximum loan limit.
Document Collection
Last 3 months salary slips, 6 months bank statements, PAN card, Aadhaar (address proof if required), latest Form 16 / ITR. Some banks also require TDS and PF statements.
CIBIL & Credit Check
Bank fetches your CIBIL report. Minimum score varies: HDFC/ICICI/Kotak prefer 720+. IndusInd / IDFC / Axis accept from 650. Some banks fund -1 CIBIL cases up to ₹3-7.5 Lakhs.
Internal Policy Check
Bank checks: MCA registration (Kotak/IDFC req 3 years min), minimum employment tenure (6-12 months), address type (own / rented / hostel), and existing lender count (BT norms).
Login & Verification
File is logged digitally. Tele-verification and/or physical FI (Field Investigation) is done for certain profiles. HDFC requires permanent FI for bachelor accommodation.
Sanction & Disbursement
Sanction letter is issued with final terms. Processing fee is collected (deducted from loan or upfront). Funds typically disburse within 24-72 hours of e-sign / NACH registration.