India, July 22 -- Many salaried individuals earning between Rs.30,000 and Rs.60,000 per month consider borrowing to meet planned or unexpected expenses. However, the approved loan amount depends on several factors beyond your income.

Lenders assess repayment capacity, credit history and existing financial obligations before sanctioning a personal loan. Understanding these factors can help applicants estimate their borrowing potential and improve their chances of approval. Reviewing personal loan eligibility requirements before applying can also help borrowers identify suitable loan options and prepare the necessary documentation.

The amount approved under a personal loan depends on multiple factors. Monthly income is important, but lend...