Can a salaried person get personal loan?
Most top lenders in the country offer personal loans to salaried individuals as they have a steady source of income. Salaried individuals can avail personal loans up to Rs. 40 lakh at interest rates starting from 8.90% p.a. The repayment tenure on these loans ranges between 12 months and 72 months.
Which loan is best for salaried person?
Banks and NBFCs prefer lending personal loans to salaried applicants due to their higher income certainty. Salaried applicants working with government or PSU entities are the most preferred due to their higher job security. They are followed by private sector employees working with top corporates and MNCs.
Can private employee apply for personal loan?
You must be a salaried employee working for a private, public, or a government firm. Minimum age of 21 years. Maximum age of 60 years at the time of the maturity of the personal loan.
How much loan a salaried person can get?
However, most banks and NBFCs limit a personal loan at Rs. 25 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income.
Which bank gives loan on salary?
Best Personal Loans for Individuals with Low Salaries
| Bank | Interest Rate | Max.Loan Amount |
|---|---|---|
| State Bank of India | 9.60% p.a. | Rs.20 lakh |
| HDFC Bank | 10.75% – 21.30% p.a. | Rs.40 lakh |
| HDB Financial Services | Up to 36% p.a. | Rs.20 lakh |
| Fullerton India | 11.99% – 36% p.a. | Rs.25 lakh |
Can I get loan if my salary is 17000?
To avail Fullerton India personal loan you need to have a minimum net income of ₹ 17,000 per month….Fullerton India Personal Loan Eligibility 2022.
| Eligibility Criteria | Salaried | Self Employed Professionals |
|---|---|---|
| Work Experience | 1 – 12 months | 36 months – |
| Loan Tenure | 12 – 48 months | 12 months – 48 months |
Can I get a loan if my salary is 13000?
You can get the loan without having to submit any security. Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.
How much loan can I get on 17000 salary?
Fullerton India Personal Loan Eligibility 2022
| Eligibility Criteria | Salaried | Self Employed Professionals |
|---|---|---|
| Minimum Income | ₹ 17,000 per month | ₹ 2 Lakh gross annual receipts |
| Maximum Loan Amount | ₹ 50,000 – ₹ 25 Lakh | ₹ 1.50 Lakh – ₹ 20 Lakh |
| Work Experience | 1 – 12 months | 36 months – |
| Loan Tenure | 12 – 48 months | 12 months – 48 months |
Can I get personal loan if my salary is 17000?
Net Income Your eligibility is also determined by your net monthly income. To avail Fullerton India personal loan you need to have a minimum net income of ₹ 17,000 per month.