Who is eligible for a personal loan?

Eligibility for a personal loan generally requires a good credit score (often 580+, with 700+ qualifying for better terms), a consistent income, and a low debt-to-income ratio (typically below 40%). Lenders also require documentation, such as proof of identity and income. For a Paytm Personal Loan, applicants must be Indian residents between 23 and 60 years old with a valid PAN and Aadhaar, and an active Paytm user with a regular source of income.