Are you always waiting to accumulate funds to finance your aspirations? Well, your wait is over. Personal loans from digibank by DBS are there to help fund your desires and needs, irrespective of whether it's the latest smartphone you had your eyes on for a while, the perfect wedding, or a family vacation. You can avail of a personal loan through your digibank by DBS app to make your dreams come true today.

We have designed our customisable personal loan eligibility calculator keeping your convenience in mind. You can quickly identify and check your eligibility for personal loans instantly. The calculator helps you find out your eligibility for a personal loan and considers factors such as age, net income, other loan obligations, and years of experience. The personal loan eligibility calculator will help you find out the amount of personal loan you can apply for so that you can plan accordingly.

 

Personal Loan Eligibility Criteria

Personal loan eligibility criteria vary for salaried individuals and self-employed individuals. The eligibility is computed based on a multiplier of net income earned. That is, the loan you get will be a multiple of the net income available after meeting other loan obligations.

The following are the broad parameters considered before calculating eligibility for personal loans.

Personal loan eligibility criteria for salaried individuals

Personal loan eligibility criteria for salaried individuals include parameters like monthly fixed income and years of experience in the profession. The table below details the requirements

Criteria

Salaried Professionals

Age

Minimum of 22 years
Maximum 60 years by loan maturity

Occupation

Salaried individuals

Income

Minimum Rs. 20,000 per month

Years in the current profession

Two years

 

Personal loan eligibility criteria for self-employed individuals

The eligibility criteria for self-employed individuals is similar to salaried professionals and considers parameters of their average monthly income, professional or non-professional income, and years of experience in the current profession. The table below has some of the criteria considered

Criteria

Self-Employed Individuals

Age

Minimum of 22 years
Maximum 60 years by loan maturity

Occupation

Self-employed

Income

Minimum Rs. 20,000 per month

Years in the current profession

 

Using our personal loan eligibility calculator, you can calculate the amount of personal loans you are eligible to apply for instantly. Input your birth date, net salary, extent of other EMIs or monthly loan obligations, and monthly credit card payments. The personal loan eligibility calculator will show the amount you are eligible to apply for immediately.

 

How to Apply for Personal Loan

  • For digibank users

    Using the digibank mobile app
    Launch the app on your smartphone
    Log in and tap "Loans" in the navigation menu

  • New to digibank?

    Download the digibank mobile app on your smartphone
    Launch the app and click on the "Get Personal Loan" link on the login page

Android     Apple

 

Frequently Asked Questions

Yes, personal Loans from digibank by DBS are offered to self-employed individuals as well. Read more about the eligibility criteria for personal loans for self-employed professionals here.


The eligibility criteria for salaried professionals are

  1. Age: Minimum 22 years old and a maximum of 60 years old at the time of loan maturity
  2. Salary: Minimum Rs. 20,000 per month
  3. Professional experience: Minimum of 2 years

 


digibank by DBS offers personal loans from Rs. 25,000 to a maximum to Rs. 15 lakh.  Eligibility for personal loans depends on your age, income, other financial obligations, and years of experience in the profession. Use our personal loan eligibility checker to instantly identify the amount you are eligible to apply for with digibank by DBS. Using the online calculator, you can apply for a loan amount that you are sure to be eligible for and minimise the possibilities of rejection.


You can get personal loans from digibank by DBS for tenures from 12 months to 60 months, which is for 1-5 years.


To be eligible to apply for personal loans, you must have a minimum salary of Rs. 20,000 a month. The minimum income amount is irrespective of the city of residence and whether you are salaried or self-employed.


To be eligible for personal loans, you must not be over 60 years of age at the time of loan maturity. digibank by DBS offers personal loans to customers as young as 22 years as well.


Yes, you are still eligible to apply for personal loans despite other financial obligations. However, your eligibility amount will be lower to accommodate for your additional loan repayments.


You can use your personal loans eligibility criteria here to know instantly to what extent you are eligible to apply. All you need to input is your fixed monthly income, age, years in the profession, and other loan obligations or repayments. The calculator instantly provides you with the maximum amount you are eligible to apply for personal loans. You can then use the amount to apply for personal loans to minimise the chances of rejection.


Applying for personal loans has never been this easy. digibank by DBS users can use three simple steps to apply for personal loans:

  1. Download the digibank by DBS mobile app
  2. Launch the app on your smartphone
  3. Log in and tap "Loans" in the navigation menu

The entire application process for digibank by DBS personal loans is paperless. You need to enter only basic personal details to apply for these. In case the amount requested is higher than the approved limit, bank details or statements of accounts (other than those of digibank by DBS accounts) will need to be provided. IT returns, or salary slips are not required to apply for digibank by DBS personal loans.


**All loans will be given out at the sole discretion of DBS Bank India Limited.

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