What is the maximum age for applying for a personal loan?

The maximum age for applying for a personal loan in India is determined by the lender’s policies and is typically linked to the age you will be at the end of the loan tenure, rather than at the time of application. As of June 2025, most lenders set the maximum age limit between 60 and 68 years for salaried individuals, and up to 65 or even 70 years for self-employed applicants. In some cases, certain lenders may allow the maximum age at loan maturity to go as high as 75 or even 80 years, especially for pensioners or those with stable post-retirement income sources.

The rationale behind this age limit is to ensure that borrowers are able to complete their loan repayments before they retire or before their income becomes uncertain. For salaried individuals, banks or NBFCs will usually ensure that the loan tenure does not extend beyond the individual’s expected retirement age or the set age cap, whichever is earlier.

For self-employed professionals, the maximum age may be slightly higher, recognising the potential for continued income beyond formal retirement.

• The age at loan maturity is what matters, not just your age at the time of application.
• Lenders analyse and evaluate your repayment capacity based on your current and projected income up to the end of the loan tenure.
• For older applicants, lenders may require proof of stable retirement income or pension to check for repayment ability.
• Always check the specific age criteria with your chosen lender, as policies can vary.