For checking Personal Loan eligibility all you have to do is visit the official Credit Success website, and click on the ‘Eligibility & Documents’ tab. You will find all eligibility requirements clearly listed, as well as the loan documents needed for a Personal Loan.

All applicants must be Indian nationals, between 22 and 57 years of age, have a monthly income of at least ₹30,000, have job experience of 1 year, and have current employment continuity at an approved company for at least 1 months.

Applicants must submit basic KYC, income, financial, and employment-related documents. Access the full Personal Loan documents required to apply online here.

No, you are required to submit latest salary slip as part of the Personal Loan application process in order to take your loan application ahead.

You need to submit below documents as proof of income :

• Latest salary slip
• Last 3 salary credit bank statement original PDF which should not be more than 15 days old
• Above list of the documents are indicative in nature and you might have to produce more documents based on requirement.

Lenders evaluate several factors to determine Personal Loan eligibility. These criteria help them assess the borrower’s creditworthiness and ability to repay the loan. While specific eligibility requirements may vary among lenders, the following factors are typically considered:

Credit Score: A borrower’s credit score plays a crucial role in loan eligibility. It reflects their credit history and repayment track record. A higher credit score indicates a lower risk for lenders, increasing the chances of loan approval.
Income and Employment Stability: Lenders assess the borrower’s income level and stability to ensure they have a regular source of income to meet repayment obligations. Employment history and stability in the current job are considered, as a consistent income stream reduces the risk of default.
Debt-to-Income Ratio: This ratio compares a borrower’s monthly debt obligations to their monthly income. Lenders prefer a lower debt-to-income ratio, indicating that the borrower has sufficient income to manage additional loan repayments.
Loan Amount and Tenure: The loan amount and tenure also affect eligibility. Lenders may have specific criteria regarding the maximum loan amount they are willing to offer based on the borrower’s income and financial situation. Additionally, longer tenures may impact eligibility, as lenders consider the borrower’s age and retirement plans.
Existing Financial Obligations: Lenders evaluate the borrower’s existing debt, such as credit card balances, other loans, or EMIs. These obligations impact the borrower’s ability to take on additional debt and may affect their eligibility.
Repayment History: Lenders may review the borrower’s past repayment behavior on existing loans or credit cards. Consistent, timely payments enhance eligibility, while a history of defaults or late payments may adversely impact it.
Relationship with the Lender: Some lenders consider the borrower’s existing relationship with them, such as holding a savings account or fixed deposit. A long-standing relationship and good banking history can positively influence loan eligibility.
Can I get NOC after loan settlement?

Yes, it is possible to obtain a No Objection Certificate (NOC) after settling a loan. A loan settlement refers to the process of fully repaying the outstanding loan amount, typically through a negotiated agreement with the lender. Once the settlement amount is paid, you can request a NOC from the lender as proof that the loan has been settled and there are no further obligations.
Here’s what you need to know about obtaining a NOC after loan settlement:

Loan Settlement Process: Loan settlement typically involves negotiating with the lender to reach an agreement on the repayment terms. This may involve a partial payment of the outstanding amount or a discounted lump-sum payment. Once the settlement amount is paid as per the agreed-upon terms, the loan is considered settled.
Requesting a NOC: After settling the loan, you can request a NOC from the lender. The NOC serves as a legal document that certifies the closure of the loan account and states that you have fulfilled all financial obligations related to the loan. It confirms that there are no pending dues or liabilities.
Importance of a NOC: The NOC is an essential document that serves as proof of loan settlement. It is recommended to obtain the NOC from the lender as it provides assurance and clarity regarding the status of your loan. The NOC can be useful for various purposes, such as updating credit records, applying for new loans, or providing evidence of debt clearance.
Application Process: To obtain the NOC, you need to submit a formal request to the lender. The application may require specific details such as your loan account number, personal information, and proof of the loan settlement. It’s advisable to contact the lender directly to inquire about their specific application process and documentation requirements.
Timelines and Fees: The time taken to receive the NOC may vary depending on the lender’s internal processes. Some lenders issue the NOC immediately after loan settlement, while others may take a few days or weeks. Additionally, some lenders may charge a nominal fee for issuing the NOC, so it’s important to clarify any associated charges beforehand.