24 Jan 2026 | 3 Mins Read
Required income for personal loan eligibility varies
Flipitmoney
Banks consider a borrower's total income after EMIs, not just their minimum income. A committed income of 40-50% or more of their monthly income raises alarms. Job stability, credit history, age, and location also play a role in loan eligibility. EMI affordability is the true decision-maker, not the minimum income number.