Personal Loan For Low Salary Professionals With Salary Less Than 25K
Do you think your salary is too low to qualify for personal loans? Well not anymore. However; it is easy to avail personal loan for low salary professionals with salary less than 25K. Yes, it is true that banks and private lenders target primarily high paid salary people for a personal loan and credit cards at best interest rate with any other special offers.
A Few Reasons Why You Need Personal Loans
- Pay for vehicle expenses
- Head off on an international holiday
- Credit card payments
- Rental deposits
- Pay tuition or school fees or donation
- You don’t want to miss an EMI payment
- You don’t want to spoil your credit score
- Unplanned medical expenses
- When you don’t want to ask your dad, mom, brother, sister or friends
My Salary Is 25K, Am I Eligible To Get Personal Loans?
Absolutely yes. There is no better way to cover your cash problems than choosing personal loans.
You never know when you will be needing or having an immediate cash requirement. Especially; it is difficult to deal with the cash crunch when you are salary is not enough and savings is next to zero. Therefore; Personal loans offered by top 5 leading banks and private lenders of India exist for this very reason. The personal loan for low salary are the one the most demanded loan products designed by the banks. Therefore; this personal loan can be availed for any personal financial requirement without any hassles.
However, not everyone qualifies for a personal loan due to the eligibility criterion of minimum income. If you are still on your first job and are somehow managing your monthly expenses. So, how it is possible to get personal loan with the low salary income of less than 25K?
Fortunately, there are few private financial service providers and banks in India offering personal loans to applicants with monthly incomes starting at just Rs.10,000.
Who Will Give Me A Personal Loan With A Salary Less Than 25K?
Usually, banks as well as private lenders will expect a person to spend more than 55% of their income in EMIs. For instance; if you are earning Rs. 25,000 a month, can spend a maximum of Rs. 11,000 as EMI while use the balance amount to pay for other monthly expenses.
At this statistic, you will be eligible for a personal loan of not more than Rs. 5 lakh. However; if a salaried professional happens to pay 50% of his/her income as EMI then he/she would be left with only Rs. 8000 to run the show all month long. In such exorbitant times, it is critical.
So does that mean that there is no chance for a professional with low income to get personal loans? No. Banks and private lenders have realize that money is important to meet goals like marriage, education and medical emergency. Hence; a personal loan is the perfect solution to fulfill any of these needs hence; they designed personal loan products keeping in mind the low salary income groups.
Top 5 Leading Banks Offering Personal Loan For
Low Salary Professionals
1. HDFC Bank Personal Loan for Low Salary Professionals
The bank offers personal loan at affordable interest rates with no hidden charges. HDFC banks offers personal loan for low salary individuals based at metro cities like Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Cochin and Ahmedabad, with minimum monthly income required is Rs.15,000.
- The loan applicant can apply online and avail personal loan in less than 24 hour
- Even first time borrowers are eligible to apply for this loan
- The bank offers special offers for women customers.
2. SBI Saral Personal Loan for Low Income Groups
The loan applicant is eligible to apply for personal loan offered by SBI, irrespective of low salary. If you are residing in rural or semi-urban centers, the minimum monthly salary required is Rs.10,000. SBI offers personal loan with low salary; if the individual is residing in metro or urban centers, the minimum monthly income required is Rs.24,000.
The basic requirements to get personal loan from SBI are:
- Salaried employees can avail a maximum of 12 times their net monthly income up to 10 lakhs
- There is no security or collateral required
- The usual processing fees applicable are between 2% and 3% + tax as processing charges for this personal loan
3. ICICI Bank Personal Loan for Low Salary Professionals
This is a multi-purpose personal loan offered by ICICI Bank at competitive interest rates with easy EMIs. If you are residing in Mumbai and Delhi, the minimum monthly salary required is Rs.25,000. Individuals residing in Bangalore, Chennai, Pune, Hyderabad and Kolkata, the minimum monthly salary should be Rs.20,000. And those based in other suburban city, the minimum monthly income required is Rs.17,500.
- The minimum personal loan amount offered is Rs.50,000 and the maximum loan amount offered is Rs.20 lakhs.
- The loan interest rate starts at a low 11.59%.
- The loan applicant can choose from flexible loan tenures starting at 12 months and up to 60 months.
- The bank disburses the loan amount as quick as like in 72 hours of receiving the documentation
4. Punjab National Bank Personal Loans For Low Salaried
You can avail a personal loan from Punjab National Bank to cover any type of your personal need or immediate cash requirements. An individual residing in semi-urban area requires having a monthly salary of Rs.10,000 to get personal loan from this bank. If you are urban city based individual wish to apply for personal loans, you need to have a monthly salary of Rs. 12,500 and for the metro cities individual you need to have Rs. 15000.
- You will be charged 1.80% of the loan amount as a processing fee
- The minimum personal loan amount offered is Rs.50,000
- The maximum is Rs.4 lakhs or 20 times your monthly net income, depending on whichever of the 2 is lesser
- Usually the repayment of this loan in a maximum of 60 EMIs
5. Axis Bank Personal Loans For Low Income Profesisonals
A Personal loan can come handy for your vacation, renovating home or planning wedding. However; if you are looking for a quick approval and a minimum documentation process, irrespective of low income you can apply for a personal from Axis Bank. Axis bank offers personal loan with low salary to the professionals; with a minimum net monthly salary of Rs.15,000.
- Personal loans amount offered is Rs.50,000 and the maximum loan amount offered is Rs.15 lakhs
- The interest rate for this loan starts at 15.50% and up to 24%
- You will charged between 1.50% and 2% + tax as processing charges for this personal loan
Connect with Service Provider
Get connected within 24 hours to pre-screened, trustworthy and small business friendly service providers for Services in top Indian cities
25 thoughts on “Personal Loan For Low Salary Professionals With Salary Less Than 25K”
My name is soniya. I’m living in bangalore. My gross salary is 11300. I required 300000 lakhs personal loan. Please give solution.
Comments…I want Rs 2Lakhs personal loan in kolkata site.my cont,9038616908
salary 11700 personl loan apply bank why bussiness
I am salary person but my monthly net income below 8000/- and i want for person loan for start a new business.
Hello Am Mr Paul Moritz, Legitimate and reliable loan lender. I give out loans on a clear and understandable terms and conditions at 3% interest rate. I give out Business Loans, Personal Loans, Student Loans,Car Loans And Loans To Pay Off Bills. If you need a loan what you have to do is for you to contact me directly immediately now at: email@example.com
God Bless You.
Mr Paul Moritz
Whatsapp: +91 733 787 3110
I need loan 50000,can I apply
I need 200000 instant personal loan because I have big emergency of hospitality of my family
my sallery is RS.17000pm
MAY SALARY IS 14500 MY LOAN AMT 50000 MAY CIVIL IS 651
I want to need personal loan of rs.160000 and my monthly net salary is 16500
My name arun I am work in Maruthi Suzuki cars India pvt. salari 13000 . Iam want personal loan for 200000lack urgent help me
Law salary main chahiye
50000 amaunt loan apply
Do you need financial help? Do you need a loan to buy a new home or invest, or do you need quick financial help with a low interest rate of 3%? pay unpaid bills? Have you rejected so many banks?
Do you have to finance to expand your business? personal finance for personal reasons? We are committed to resolving all your financial problems.
contact us now. Email: firstname.lastname@example.org
Waiting for your mail.
Keep in mind
Send us an email: email@example.com
Great list!! You should also check Payme India for getting payday loans on salary with affordable interest rate. Visit today to know more stuff about payme – https://www.paymeindia.in
20000 monthly salary.. Need 3 lakhs personal loan
arjent 20000 parsnol loan
Good day Sir/Madam,
This message is to inform you that MIKE MORGAN LOAN FINANCIER offer all types of L0ANS @ 3% annual rate. Are you in need of financing of any type? Business, Mortgage, Personal etc. Any interested Applicants should get back to US VIA
Call or add us on what’s App +91-7428831341
HAVE YOU LOST YOUR MONEY TO BINARY OPTION SCAM OR ANY ONLINE SCAM WHATSOEVER?.DO YOUR DESIRE CREDIT REPAIR[EQUIFAX, EXPERIAN, TRANSUNION? WELL, YOU HAVE FOUND REDEMPTION.
BEWARE OF FRAUDSTERS looking to hoax.
if you have been a VICTIM, contactEmail:firstname.lastname@example.org
website : https://wzardgarryspeedhac.wixsite.com/my-site-1
whatsapp: +1 (540) 209-1989 for directives.
Here, it’s always a win for you.
Binary Option funds recovery
Social media hack
Recovery of loan scam
Credit repair (Equifax,Experian,Transunion)
College score upgrade
Android & iPhone Hack
And lots more.
We have specially programmed ATMs that can be used to withdraw money at ATMs, shops and points of sale. We sell these cards to all our customers and interested buyers all over the world, the cards have a withdrawal limit every week.
whatsapp: +1 (540) 209-1989
website : https://wzardgarryspeedhac.wixsite.com/my-site-1
Copyright ©️ 2022.
Bezpečná a rychlá online půjčka do 24 hodin.
Nabízím výhodné finanční půjčky bez zbytečných zádrhelů. Nabízíme financování od 50 000 Kč do 10 000 000 Kč se splatností až 240 měsíců. Rychlý a efektivní schvalovací proces s vysokou propustností schválených požadavků. Vyřízení celého úvěru do 24 hodin od podpisu smlouvy.
Více info, kontakt: email: Horkyjiri55@gmail.com
Vaše spokojenost je naší prioritou
Comments are closed.