A personal loan is a line of credit available to finance almost any personal expense, from paying down debt to making large purchases. While personal loans are mostly unsecured, they can come from banks, along with a host of other sources such as NBFCs and online lenders.
Personal loans are typically easy to obtain and require little paperwork, but an individual debtor’s credit score can influence both the amount and the interest rate charged by lenders.
There are also several factors that determine the borrower's credibility for securing a personal loan, such as the minimum age required, the salary received, and the age at the end of the repayment tenure.
In this article, we will discuss the minimum age required to acquire a personal loan in India.
In India, all banks or lending institutions provide loans to individuals who fulfill their eligibility criteria. Most of these lenders set the minimum age to at least 21. However, a few banks offer loans for 18 year olds, if they are earning a certain amount of income.
Before taking a loan from a bank, NBFC, or an online lender, check with the lender if you satisfy their eligibility requirements.
Attractive Loan Amount
Get loans from Rs.5,000 to Rs.10 Lakh based on your eligibility
Collateral Free Loans
You can get a personal loan through Moneyview without having to vow any asset or arrange for a guarantor
Fast Disbursal
The loan amount is disbursed to your bank account within 24 hours of approval
Affordable Interest Rates
Interest rates starting from just 14% per annum
Moneyview, one of India’s leading digital lending platforms, assists in applying for instant personal loans for those in need. Moneyview’s lending partners' unique credit rating model allows individuals with low credit scores to avail of loans as well. To avail of a personal loan from Moneyview, you have to satisfy the following criteria:
The borrower should be between 21 and 57 years of age
They must earn a minimum of ₹25,000 or more monthly
Income must be credited directly to their bank account
They must have a minimum CIBIL score of 650
Loan Amount
Min ₹10
Max ₹1,000,000
Rate of Interest
Min 5%
Max 25%
Loan Tenure
Min 3 months
Max 72 months
1
Assess Your Eligibility
Quickly check if you are eligible on the Moneyview platform in only 2 minutes!
2
Pick Your Repayment Duration
Select the desired loan sum and repayment period from the options provided.
3
Share Your Documents Online
Share only essential documents for profile verification, easily uploading them digitally.
4
Funds Disbursed
Once your application is validated and the loan agreement finalized, funds will be transferred to your bank within 24 hours!
Need Quick Cash?
Personal loans are a savior in times of financial crisis. However, to avail a personal loan from banks, NBFCs, or online lenders, you must fall within the eligibility criteria.
Each lending institution has its own qualifying parameters, especially a minimum and maximum age requirement. Ensure you check these parameters carefully before applying for a loan.
If you are a 21 year old looking for instant personal loans with low interest rates, then Moneyview is the best place to go! Just go to the Moneyview website or download our loan app to avail of a loan in 24 hours!
2025-08-10
This is an excellent app!! The interface is smooth, elegant, and intentional, praised for its superb design and fast performance. I really liked it, especially the solid, user-friendly layout and fast transitions.
2025-08-25
I am a regular customer of Moneyview, and it gives me full satisfaction! I get money as and when required without any paperwork. If you make payments on time, your next loan amount will be higher.
2025-09-05
It is an awesome app. It is secure, trustworthy, and comprehensive. It is also often updated with new features.
See what our customers have to say
2025-08-10
This is an excellent app!! The interface is smooth, elegant, and intentional, praised for its superb design and fast performance. I really liked it, especially the solid, user-friendly layout and fast transitions.
2025-08-25
I am a regular customer of Moneyview, and it gives me full satisfaction! I get money as and when required without any paperwork. If you make payments on time, your next loan amount will be higher.
Personal Loan Types and Comparisons
CIBIL Score Check and Boost Guide
Banking & Investment Tips
We're present across the nook & corner of the country, making loans accessible, and simple!
Happy
Users
Loan
Disbursed
Locations
Served
Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
Was this information useful?
