Applying for a Personal Loan online has become a cake walk in today’s Internet era. However, the underlying question is, are you eligible to get the offer of your choice? Well, that is what we are going to look at today; 3 of the basic techniques that will help you land a personal offer of your choice.

Your Income

If your monthly (take home) salary is well above 80,000 INR then you have a good chance of being eligible for a loan amount of 10 lakhs, sometimes more. Irrespective of the company you are working for, if your income can support the loan amount you require then, that increases your chances as well.

Remember, higher the income, higher will be the loan amount you are eligible for.

Your Cibil Score

Having a neat repayment record be it for your loan or your credit card, ensures you have a great cibil score. This instills a lot of confidence in the lending institution that your chances of being delinquent is close to none, which makes it easy for them to approve your loan.

A cibil score of 750 and above is most welcome by banks.

Stability

Your residence & company stability, i.e the number of years  you have stayed at your residence as well as your current experience in the organization where you presently work also weigh on your chances of getting approved.

A minimum of 1 year at your residence and at least 3 years in your current company is an ideal combination.