# Question: How Can I Get A Loan If My Salary Is Less Than 15000?

## Can I get personal loan if my salary is 20000?

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..

## Is early salary app is safe?

Further, the company claimed to have done a vulnerability test on its systems to ensure that all data is safe. EarlySalary is a digital lending platform which gives short duration instant credit to retail customers which they usually pay back over the next few days mainly after the next month’s salary arrives.

## How can I get approved for a 15000 loan?

How to get a \$15,000 personal loanCheck your credit. Knowing your credit score and history will help you find lenders that are more likely to approve you for a loan.Compare lenders. … Apply for preapproval. … Submit required documents. … Sign your loan agreement.

## Can I get personal loan if my salary is 15000?

Income: In order to be eligible for a personal loan through a bank, you have to draw a minimum salary every month, which varies from bank to bank. But generally, if you are earning at least Rs. 15,000 every month, you will be eligible for a personal loan.

## Can I get personal loan if my salary is 10000?

Therefore, if your salary is less than Rs. 10,000, you may need to convince the lender about alternative sources of income that you intend to use to repay your personal loan. … With quick approval and disbursal within 24 hours, a Bajaj Finserv Personal Loan is a handy solution to meet your financial requirements.

## How is loan amount calculated?

The mathematical formula for calculating EMIs is: EMI = [P x R x (1+R)^N]/[(1+R)^N-1], where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly instalments.

## How can I get a 30000 loan fast?

Bajaj Finserv brings Rs. 30,000 loan online to help you meet your short-term financing needs with ease. Fulfil minimum eligibility criteria to get immediate access to the funds and cover your financial short-comings conveniently. Attractive interest rates and other charges on the instant personal loan up to Rs.

## Can I get loan without salary slip?

You can still apply for a personal loan without salary slip, especially if you’re self-employed. Below are some of the ways you can get the loan approved: You can validate your income by producing other financial documents like bank account statements, income certificate, Income tax returns or Form 16.

## What is the minimum salary required for personal loan?

Personal Loan Eligibility Criteria The minimum salary for a personal loan for salaried individuals is INR 25,000 per Month (for residents of Mumbai and Delhi) or INR 20,000 per Month (for all other locations).

## Can unemployed get a loan?

Unemployment can hit your finances hard and a personal loan may look like an attractive option to help you stay afloat. Loans for the unemployed are possible, but you’ll likely have to prove that you have an alternative source of income — and the lender may take a closer look at your credit profile.

## How much personal loan can I get if my salary is 30000?

For example, if you are wondering how much personal loan can I get on a 30,000 salary….Multiplier Method.SalaryExpected Personal Loan AmountRs. 30,000Rs. 8.10 lakhsRs. 40,000Rs. 10.80 lakhsRs. 50,000Rs. 13.50 lakhsRs. 60,000Rs. 16.20 lakhs1 more row•Apr 8, 2020

## How can I get personal loan with low salary?

The documents required are:Filled-in personal loan application form.KYC documents (PAN Card, AADHAR and Voter ID)Form 16 and last 2 months salary slip (for salaried)Income proof/ IT Returns ( for self-employed)Last three months bank account statement of salary account/ current account (for self-employed)Nov 23, 2020

## Where can I get 15000 loan?

Some of the best lenders to consider for a \$15,000 loan with fair credit include LightStream, American Express, SoFi and Wells Fargo. Just about any lender that caters to people with fair credit scores (640 to 699) will offer loans of \$15,000 or more, at least to some applicants.

## How much loan I can get if my salary is 25000?

Here taking a salary as ₹ 25k, & without any fixed monthly obligation, you can pay a maximum of ₹ 12,500 as EMI considering 50% FOIR. If the interest rate is 10% per annum, the loan amount eligibility can be arrived at ₹ 13,73,026 using a home loan eligibility calculator (assuming 3 household members).

## Which bank gives loan without salary slip?

CitibankBanks like Citibank allow you to take personal loans of up to Rs. 30 lakh in a span of 48 hours, without any documentation such as income proof, and address proof, provided your residence and office address is updated in the Citibank account. A personal loan, free of documentation, is a dream for most borrowers.

## Where can I get a 20000 loan?

The best places to get a \$20,000 loan with fair credit include LightStream, SoFi and Marcus. Most major personal loan providers have minimum credit score requirements that are within the fair credit range (640 to 699). Most also offer loans of \$20,000 or more.

## Can I get personal loan if my salary is 12000?

12,000, you may need to convince the lender about other sources of income that may help you cover your loan repayment. If you are looking to avail a Bajaj Finserv Personal Loan, you can start by sharing your basic details in the pre-approved loan form and checking if you have an offer.

## Where can I borrow money ASAP?

Banks. Taking out a personal loan from a bank can seem like an attractive option. … Credit unions. A personal loan from a credit union might be a better option than a personal loan from a bank. … Online lenders. … Payday lenders. … Pawn shops. … Cash advance from a credit card. … Family and friends. … 401(k) retirement account.More items…•Nov 5, 2020