How much personal loan can I get on a ₹30,000 salary?
A
Amit Kumar
- Loans & Credit
Short answer: On a ₹30,000 net monthly salary in India, most banks and NBFCs approve a personal loan of roughly ₹3 lakh to ₹6 lakh — if your credit is clean and you have few existing EMIs. The amount is not a fixed multiple of your pay; it is calculated from how much EMI your income can safely absorb.
What decides the amount: FOIR
Lenders use FOIR (Fixed Obligation to Income Ratio) — India's version of the debt-to-income ratio. They cap your total EMIs, including the new loan, at about 40–55% of net income.
On ₹30,000 at a 50% cap, your EMI capacity is about ₹15,000/month. The loan is back-calculated from that EMI, the interest rate, and the tenure.
Indicative eligibility by salary
Assumes a clean profile, no existing EMIs, 50% FOIR, 4-year tenure at ~14% p.a. Ballpark, not a guarantee.
Net monthly salary | EMI capacity (~50%) | Indicative loan |
₹20,000 | ₹10,000 | ~₹3.6 lakh |
₹30,000 | ₹15,000 | ~₹5.5 lakh |
₹40,000 | ₹20,000 | ~₹7.3 lakh |
₹50,000 | ₹25,000 | ~₹9.1 lakh |
Existing EMIs shrink the limit
Every EMI you already pay is subtracted from your FOIR room first. For a ₹30,000 salary:
Existing EMIs | Remaining capacity | Indicative loan |
₹0 | ₹15,000 | ~₹5.5 lakh |
₹3,000 | ₹12,000 | ~₹4.4 lakh |
₹6,000 | ₹9,000 | ~₹3.3 lakh |
₹10,000 | ₹5,000 | ~₹1.8 lakh |
Common questions
Is eligibility a fixed multiple of salary?
No. It is driven by EMI capacity under the FOIR cap. As a rough guide it often lands at about 10–20× net monthly salary for a clean profile, but the FOIR math decides it.
No. It is driven by EMI capacity under the FOIR cap. As a rough guide it often lands at about 10–20× net monthly salary for a clean profile, but the FOIR math decides it.
Can I get a loan on ₹30,000 with existing EMIs?
Yes, for a smaller amount — your current EMIs cut your FOIR room before the new loan is sized.
Yes, for a smaller amount — your current EMIs cut your FOIR room before the new loan is sized.
What CIBIL score do I need?
Most lenders prefer 750+ for the best terms; approvals are possible from around 700, usually at a higher rate or lower amount. TransUnion CIBIL is India's most-used credit bureau.
Most lenders prefer 750+ for the best terms; approvals are possible from around 700, usually at a higher rate or lower amount. TransUnion CIBIL is India's most-used credit bureau.
Does a longer tenure raise my eligible amount?
Yes — a longer tenure lowers the monthly EMI, so the same income supports a larger loan, but you pay more total interest.
Yes — a longer tenure lowers the monthly EMI, so the same income supports a larger loan, but you pay more total interest.
How to borrow more
Clear small existing EMIs, keep your CIBIL score above 750, choose a comfortable tenure, or add an earning co-applicant. Check your eligibility on a personal loan app like True Balance before applying, so a rejection does not dent your credit report — applying to many lenders at once triggers multiple hard enquiries and can lower your score.
Figures are illustrative, based on typical lender FOIR norms in India as of 2026. Personal loan interest rates generally range from about 11% to 24% per year depending on your profile and lender. Confirm the exact eligibility, rate, and charges with the lender before borrowing.
Full breakdown — salary bands, tenure-wise EMI tables, and all the factors lenders check:
👉 https://paisasamjho.inblog.io/personal-loan-on-30000-salary
👉 https://paisasamjho.inblog.io/personal-loan-on-30000-salary
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