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# Indiabulls Personal Loan Eligibility

Indiabulls Dhani Personal Loan Eligibility Calculator is one of the most helpful financial tools. Indiabulls Personal Loan Eligibility will help you to calculate your Indiabulls personal loan eligibility in a second. You can use Indiabulls Dhani personal loan eligibility Calculator before applying for Indiabulls Dhani Personal Loan. If you want to use Indiabulls Dhani personal loan eligibility Calculator you have to put some key details like- your salary amount, company you work with, or if you are self-employed how much your yearly turnover is etc. You can go for Indiabulls personal Loan apply on lowest interest rate as per your Indiabulls Dhani personal loan eligibility.

## The calculation method of Indiabulls Dhani personal loan eligibility

Indiabulls Personal Loan Eligibility Calculator uses two methods to calculate the Indiabulls Dhani Personal Loan Eligibility. The Indiabulls Dhani Personal Loan Eligibility Calculator’s two methods are- Multiplier Method, and FOIR

• ### Multiplier Method

Indiabulls Dhani personal loan eligibility Calculator also follows the multiplier method it is one of the easiest method. The formula for Indiabulls personal loan eligibility Calculator is- Indiabulls Dhani personal loan eligibility= (Your net salary) * (a number from 9 to 18). Your Indiabulls Dhani personal loan eligibility Calculator also depends on the company you are currently working, basically its stability, growth and turnover also helps to make your Indiabulls Dhani personal loan eligibility higher.

• ### FOIR

If you are someone who pays monthly fixed payments like personal loan EMI, Credit Card bill or any kind of EMI. The formula for calculating Indiabulls Dhani personal loan eligibility FOIR is FOIR= (Sum of existing obligations/ Net Take Home Monthly Salary)*100

The ratio of your net take home monthly salary and your fixed obligations is FOIR. The maximum FOIR which the financial institutions consider is up to 75%, and that too when the take home monthly salary is high. The FOIR is calculated in a way that, if your current loan application is approved, your FOIR should not go beyond 75%. In the case of normal earning range, the FOIR should not go beyond 50-60% of the take home salary.

## Factors that affects Indiabulls Dhani Personal Loan Eligibility Calculator

Indiabulls Dhani personal loan is an unsecured loan which means you don’t have to mortgagee anything to get this loan so the Indiabulls Dhani personal loan eligibility is higher than the car loan o home loan. Though, they always try to give the maximum amount of loan as per the Indiabulls Dhani personal loan eligibility. Indiabulls Dhani personal loan eligibility Calculator calculates based on your inputs which affect your Indiabulls Dhani Personal Loan Eligibility Calculator.

• ### Applicant’s Age

The applicant’s age is also important on Indiabulls Dhani personal loan eligibility. To avail an Indiabulls Dhani personal loan you need to be in the age group from 21 to 65 years old. The younger you are there are more chance that your Indiabulls Dhani personal loan eligibility is high and you will get a loan in lowest interest rate. You will even avail offers as you are younger.

• ### CIBIL Score

Your CIBIL Score matters a lot on your Indiabulls Dhani personal loan eligibility Criteria. If you have higher Credit Score that means your Indiabulls Dhani personal loan eligibility is high and if you have lower Credit Score your Indiabulls Dhani personal loan eligibility is low. Your Credit Score depends on how you pay your personal loan. To make your Credit Score high you need to repay your personal loan on time.

• ### Employment

Which company you are working and in which post and how much is your current income that matters a lot, as if you are in top notch company with high salary and high position which means you will have a bright career and your Indiabulls Dhani personal loan eligibility is high. And if you are running a business you should stick with it at least for five years so your Indiabulls Dhani personal loan eligibility will be high. Also, if you are salaried and your employer belongs from CAT a company list your Indiabulls Dhani personal loan eligibility will be high.

• ### Debt

If you have existing debts which means if you are currently paying any kind of EMI for Credit card, home loan or personal loan your Indiabulls Dhani personal loan eligibility will be lower but if you don’t have any kind of debts your Indiabulls Dhani personal loan eligibility will be high.

• ### Geographical Location

Geographical locations matters a lot on your Indiabulls Dhani personal loan eligibility as if you are from metro city you have higher Indiabulls Dhani personal loan eligibility than someone from rural areas. Axis Bank has red marked on some places so if you are from one of those places your Indiabulls Dhani personal loan eligibility can be lower.

• ### Housing Situation

If you have your own house there are maximum chances that you’re Indiabulls Dhani personal loan eligibility is high and your personal loan will be approved but if you are living in a rental house your Indiabulls Dhani personal loan eligibility is low as your monthly income gets lower for that.

## Indiabulls Dhani Personal Loan Eligibility Criteria

 Indiabulls Dhani Personal Loan Eligibility Criteria Salaried Profession Working in government or private sector or MNCs. Working Experience 2 year at the same firm he/she is working. Age 23-60 Minimum Income Rs.25,000/month House In the case of rent he/she has to stay there minimum 1 year.
 Indiabulls Dhani Personal Loan Eligibility Criteria Self- Employed Professionals Age 25-65 Business Tenure At least 4 years Minimum Income 4.8lakh/ year
 Indiabulls Dhani Personal Loan Eligibility Criteria Self- Employed Age 25-65 Business Tenure At least 5 years Minimum Income 4.8lakh/ year

*Interest rate and Loan approval are subjected to band discretion and approval.

## FAQ’s

The minimum Credit Score as per Indiabulls Dhani Personal Loan Eligibility is 650.
The maximum loan amount an individual get as per Indiabulls Dhani Personal Loan Eligibility is Rs.15 lakh.
No they does not need any guarantor to approve the Indiabulls Personal Loan.
To avail Indiabulls Personal Loan a salaried person should have a working experience of at least 12 months.
The main formula for Indiabulls Dhani Personal Loan Eligibility FOIR is
FOIR= (Sum of existing obligations/ Net Take Home Monthly Salary)*100
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