Many lenders offer personal loans to applicants with minimum monthly income of Rs 15,000. However, the loan approval would be subject to other eligibility parameters like your credit score, occupation profile, EMI/NMI (net monthly income) ratio, employer’s profile, age, etc. Lenders usually approve personal loans to applicants whose total EMI obligation, including the EMI of the new personal loan, do not exceed 50-55% of their net monthly income.