With a monthly income of ₹90,000, you’re well-positioned to access a sizeable personal loan, but salary alone doesn’t define your borrowing power. Lenders (Banks & NBFCs) assess your income alongside other critical factors such as your current monthly EMIs, credit score, employment stability, etc. Simply put, it’s about how much of that ₹90,000 is actually available to repay the personal loan you want to take right now. In this blog, we’ll break down how much you can realistically borrow, what financial metrics lenders rely on, and how to strengthen your loan application.

Factors for Personal Loan Amount Calculation

1. Monthly Salary & Income Stability

• The most important factor in deciding on a personal loan amount for you is your monthly income. Higher income generally results in higher loan amounts.
• Salaried employees with a stable income have an advantage over self-employed individuals, as most lenders view them as lower risk. 
• To prove financial stability, self-employed individuals are asked to provide proof of income, such as ITR and bank statements.
• DMI Finance offers personal loans to salaried employees, self-employed individuals, and workers from the informal sector.

2. Multiplier Method

To decide how much personal loan you can get, lenders often use a multiplier method on your monthly income.

• Formula: Loan Amount = Net Monthly Salary × Loan Eligibility Multiplier.
• Lenders often use the multiplier method to determine a borrower’s eligibility for the maximum loan amount. This approach calculates the loan amount based on the applicant’s net monthly income. According to this method, the loan amount can range from 10 to 24 times the applicant’s monthly income, depending on the lender and the applicant’s income level. 

3. Current Debt

• The debt-to-income ratio is the most important factor in deciding the loan amount. It is the percentage of your monthly income that goes towards debt.
• The Debt-to-Income Ratio (DTI) is calculated as total EMIs (current and the expected EMI of the loan you applied for)  / Net Monthly Income × 100.
• Most lenders prefer a maximum EMI to NMI ratio of up to 50-60% to reduce the chances of EMI default.

4. Tenure of the Loan

The tenure you choose plays a key role in deciding your loan’s EMI, and thus, it impacts your debt-to-income ratio for the eligible loan amount.

• A short tenure results in a large EMI amount, while a longer tenure yields a smaller EMI amount. However, you pay more interest over a longer tenure than in a shorter tenure.
• Personal loan tenures generally range from 12 to 60 months.

How Much Personal Loan Can You Get If Your Income is ₹90,000?

Here are the calculations of the maximum loan amount you can get if your salary is ₹90,000. We have used multiple methods lenders use to calculate the eligible loan amount for you, based on your income.   

Multiplier Method:

If your monthly salary is ₹90,000, and the lender allows 10 to 15 times the loan amount to be equal to the salary, depending on the policy.

Debt-to-Income Ratio:

Suppose your salary is ₹90,000, you are paying an EMI of ₹15,000, and the EMI of the new loan will be ₹30,000. So, your total debt-to-income ratio would be 50% (₹45,000). You can have a loan amount for which the EMI amount of all the loans should not exceed 50% of your monthly income.   

Note: The actual loan amount varies based on credit history, employer profile, existing debts, and the lender’s policy.

Also read: Can I take multiple personal loans in India?

Steps to Calculate Your Personal Loan Amount

Formula to Calculate Loan Amount: Loan Amount = Net Salary × Loan Multiplier.

Example Calculation:

• If the monthly salary is ₹90,000.
• And the lender offers 10x salary.
• Maximum Loan = ₹ 90,000 × 10 = ₹9 lakhs.

It is recommended to use an online loan eligibility calculator to estimate the loan amount based on your income and financial obligations.

How to Improve Your Loan Amount Eligibility?

• Choose Longer Tenure: Choosing a longer loan tenure reduces the EMI burden, making it easier to get a higher loan amount, but it also increases the total interest payout.
• Pay off Existing Debts: Paying off existing EMIs or credit card dues reduces the debt-to-income ratio, increasing the chances of approval for a higher loan amount.
• Add a Co-Applicant: Applying with a spouse, parent, sibling, or friend can increase personal loan eligibility, as lenders consider the total income of both applicants in joint loan applications.

With a monthly income of ₹90,000, you’re in a strong position to access personal loans with higher limits and more flexible repayment options. However, your actual eligibility depends on how well you manage your existing debt, maintain your credit health, and show financial stability. By keeping your debt-to-income ratio in check and building a solid credit profile, you can unlock better interest rates and loan terms.

DMI Finance offers personal loans ranging from ₹50,000 to ₹5 lakh through a 100% digital process—no collateral, no paperwork. If you’re looking for a personal loan to fulfil your requirements, apply online today and get the funds.

Frequently Asked Questions (FAQS)

1. How much personal loan can I get if my salary is ₹90,000 per month?

If your monthly income is ₹90,000, most banks and NBFCs may offer you a loan amount 10 times your salary. Final approval depends on your credit score, existing EMIs, and repayment capacity.

2. What is the maximum personal loan amount I can get on a ₹90,000 salary?

There’s no fixed cap, but typically, lenders use a multiplier method (10x to 15x of salary). That means you could qualify for up to ₹9–₹13 lakh, provided you meet all other eligibility requirements.

3. Can I get a personal loan without collateral if I earn ₹90,000?

Yes. DMI Finance offers personal loans without any collateral.

4. Does my credit score matter if I earn ₹90,000 monthly?

Absolutely. Even with a high income, you need a minimum credit score of 700+ to get the best loan offers and attractive interest rates.

5. How can I increase my personal loan eligibility with an ₹90,000 salary?

• Maintain a credit score of 700+
• Reduce existing EMIs and credit card dues
• Apply for a longer loan tenure
• Avoid multiple loan applications at once

6. Can a self-employed professional earning ₹90,000 get the same loan amount as a salaried person?

Yes, but lenders may ask for additional documents like ITR, GST returns, or bank statements to verify your income stability. Salaried applicants usually have an edge due to stable cash flows.

7. How fast can I get a personal loan on an ₹90,000 salary?

With DMI Finance, approvals can happen within minutes and disbursal within 24–72 hours after approval, provided your documents are in order.

8. What factors other than salary affect my personal loan eligibility?

Apart from income, lenders also check:

• Credit score
• Job stability or business vintage
• Debt-to-income ratio
• Employer category (for salaried)

9. Can I get a personal loan in Delhi/Mumbai/Bangalore if my salary is ₹90,000?

Yes. DMI Finance offers personal loans in all the key metro cities in India.

10. How is my loan eligibility calculated on a ₹90,000 salary?

Lenders usually calculate eligibility based on your repayment capacity and debt-to-income ratio. Other influential factors are credit score, employment stability, etc.