The minimum amount given as a personal is ₹ 50k, and the maximum is ₹ 35 lakhs.
An applicant is free to apply for the amount needed, but it is the prerogative of the lender to decide on the loan amount to be issued. Banks and NBFCS forwarding personal loans have their matrix to calculate the eligibility for the loan.
The primary concern is the affordability of the loan and the capacity to repay the monthly installment.
