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Personal Loan Guide: Interest, Eligibility, and Documentation

A guide to rates, approval signals, and the paperwork lenders typically use to assess unsecured borrowing risk.

Know your approval drivers

Lenders typically evaluate credit score, stable income, existing EMIs, and repayment history before deciding your limit and rate.

Documents to keep ready

  • Identity and address proof (PAN, Aadhaar, passport, or equivalent).
  • Recent salary slips or income records plus bank statements.
  • Employment or business continuity proof for faster assessment.