Find answers to common questions about personal loan eligibility, approval, disbursal, and how Truway assists you in connecting with RBI-registered banks and NBFC lenders.
Does checking my eligibility affect my credit score?
No. Truway’s eligibility check does not impact your credit score. Your score is only affected if you proceed with a lender application that involves a formal credit inquiry.
What is the minimum salary required for a personal loan?
Eligibility varies by lender, but most banks and NBFCs require a minimum monthly income starting from around ₹15,000–₹25,000 depending on city, employer type, and existing obligations.
How fast can I get a personal loan approved?
Approval timelines depend on the lender and your profile. Many applications receive initial approval within hours, and disbursal can happen within 24–72 hours after document verification.
Does Truway provide loans directly?
No. Truway is a loan assistance platform that connects applicants with RBI-registered banks and NBFC lending partners. Final approval, loan terms, and disbursal decisions are made by the respective lender.