How to Get Personal Loan at Low Interest Rate Untitleddocument | Page 2

What Criteria Are You Essentially Required to Meet?
There are certain factors that lenders will definitely be stringent about in case of a
personal loan. You have to be ready for the following assessment-
1.
2.
3.
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5.
Your credit history which is assessed through your CIBIL score
Your annual income
The profile of the organization where you are employed
The number of years that you have worked for your present organization
The IT returns of the last three years
Your personal loan eligibility can always be checked online to get a basic idea.
Once your profile is deemed suitable by your lender, there is a second round of
assessment which evaluates the amount that you wish to apply for and the
tenure/duration of repayment which you desire.