🔹 Below ₹2,00,000
For individuals earning below ₹2,00,000 annually:
- Eligibility for Personal Loans: ₹50,000 to ₹1,00,000
- Average Interest Rate: 18% – 22%
- Common Loan Types: Personal Loans, Education Loans, Emergency Loans
- Required Documents: Salary Slip, Bank Statements, Aadhar Card
🔸 ₹2,00,000 – ₹5,00,000
For individuals earning between ₹2,00,000 and ₹5,00,000 annually:
- Eligibility for Personal Loans: ₹1,00,000 to ₹5,00,000
- Average Interest Rate: 14% – 18%
- Common Loan Types: Personal Loans, Car Loans, Home Loans
- Required Documents: Income Proof, PAN Card, Bank Statements
🔸 ₹5,00,000 – ₹10,00,000
For individuals earning between ₹5,00,000 and ₹10,00,000 annually:
- Eligibility for Personal Loans: ₹5,00,000 to ₹15,00,000
- Average Interest Rate: 12% – 15%
- Common Loan Types: Personal Loans, Home Loans, Business Loans
- Required Documents: ITR, Income Proof, Bank Statements
🔺 ₹10,00,000 – ₹20,00,000
For individuals earning between ₹10,00,000 and ₹20,00,000 annually:
- Eligibility for Personal Loans: ₹10,00,000 to ₹25,00,000
- Average Interest Rate: 10% – 12%
- Common Loan Types: Personal Loans, Home Loans, Investment Loans
- Required Documents: ITR, Bank Statements, Property Documents
🔺 ₹20,00,000 – ₹50,00,000
For individuals earning between ₹20,00,000 and ₹50,00,000 annually:
- Eligibility for Personal Loans: ₹15,00,000 to ₹50,00,000
- Average Interest Rate: 8% – 10%
- Common Loan Types: Personal Loans, Home Loans, Business Loans
- Required Documents: ITR, Bank Statements, Employment/Business Proof
💼 ₹50,00,000 – ₹1 Cr
For individuals earning between ₹50,00,000 and ₹1 Crore annually:
- Eligibility for Personal Loans: ₹25,00,000 to ₹1 Crore
- Average Interest Rate: 6% – 8%
- Common Loan Types: Personal Loans, Home Loans, Business Loans, Car Loans
- Required Documents: ITR, High Net-Worth Documents, Bank Statements
👑 Above ₹1 Cr
For individuals earning above ₹1 Crore annually:
- Eligibility for Personal Loans: ₹50,00,000 to ₹10 Crores
- Average Interest Rate: 5% – 7%
- Common Loan Types: Personal Loans, Luxury Home Loans, Business Loans
- Required Documents: ITR, High Net-Worth Proof, Asset/Investment Details