Salaried employees typically get the best personal loan terms, since lenders can verify income directly through salary slips and bank statements.
Top picks by category
- **Lowest rate**: IDFC First Bank, starting at 10.49% p.a. — best for applicants with a CIBIL score above 750.
- **Fastest disbursal**: KreditBee, funds in as little as 10 minutes for smaller loan amounts.
- **Highest loan amount**: ICICI Bank, up to ₹50 lakh for well-qualified applicants.
- **Best for first-time borrowers**: MoneyView, accepts CIBIL scores from 600 with minimal documentation.
What lenders look for in salaried applicants
- Minimum 2 years of continuous employment (1 year at some NBFCs).
- Salary credited via bank transfer, not cash.
- FOIR (Fixed Obligation to Income Ratio) under 50–55%, including the new EMI.
Tip: if your employer is on a lender's approved list, you may qualify for a preferential rate — ask before applying.
Sources & methodology
Rankings reflect SafeBorrow's aggregated comparison of partner lender terms as of the article date. Individual approval depends on the lender's own underwriting; documentation requirements referenced above are typical, not universal — always confirm with the specific lender.