Personal Loan for Salaried Employees in India
Personal Loans Starting at 9.99% Interest
Enter your details to find eligible loan options in minutes.
Eligible with a ₹15,000 Salary
Interest from 9.99% p.a. to 24% p.a
Loan up to ₹50 lakh
EMI Options Available
Unexpected expenses can arise at any time. Sudden medical bills, school or college fees, vehicle repairs, moving to a new rental home, or repaying a high-interest short-term loan can put pressure on your monthly budget.
You may also need financial assistance for planned expenses, such as buying jewellery, travelling to your favourite destinations, or purchasing appliances and electronic gadgets for your home.
Whatever your financial needs, we help you connect with lenders that offer personal loans based on your income, credit history, repayment behaviour, existing loan obligations, and other eligibility criteria. Whether you are a salaried man or woman, you can explore available loan options and check your eligibility against each lender's requirements.
Personal Loan for Salaried Employees – Key Details
We have listed the important loan details in a table for your quick reference. These details may vary depending on the lender.
Personal Loan Eligibility for Salaried Employees
Male and female salaried employees are assessed using the applicable lender's eligibility criteria. Review the following checklist before applying for a personal loan.
- Age : Employees aged 21–60 years
- Income : A minimum monthly salary of ₹15,000 for both men and women.
- CIBIL Score : 700+ is good to have, but you can apply with a CIBIL score as low as 550.
- Credit history : A consistent record of on-time repayments may improve your chances of approval
Documents Required for Working Professionals
The following documents may be required when applying for a personal loan as a salaried employee:
- CIBIL report : You need an updated CIBIL report. Lenders use it to review your CIBIL score, outstanding amount, existing EMI, number of loan accounts, on-time repayments, debt-to-income ratio, and number of loan enquiries.
- KYC Documents : These include PAN and Aadhaar proof for identity and address verification.
- Salary slips : You need to submit the recent salary slip for cross-verification and confirmation of your salary.
- Bank statements : Lenders may review recent bank statements to verify salary credits and assess repayment capacity.
- Co-Applicant : Lenders may ask you to include a co-applicant if they consider it necessary.
Here is an example of how a salaried employee obtained a ₹5 lakh personal loan.
This is a real case study from Hello Credit showing how an applicant obtained a ₹5 lakh personal loan with a monthly salary of ₹35,000.
- Monthly Salary : ₹35,000
- CIBIL Score : 699
- Loan Amount Requested : ₹5,00,000
- Required Loan Tenure : 5 years
- Result: A loan of ₹5 lakh was disbursed to the applicant's account on 20 September 2026, for a tenure of 5 years at an interest rate of 16%.
Applicant's Loan Details
Note : Certain personal details have been withheld to protect the applicant's privacy.
Estimate Your EMI Using Our Calculator
Use our EMI calculator to estimate your monthly repayments before applying. Adjust your loan amount, interest rate, and tenure to plan comfortable repayments based on your salary.
Estimated Monthly EMI
₹9,461
Tips for Salaried Employees
If your monthly income is limited, go with longer repayment tenure. For example, if your salary is ₹20,000 and you take a ₹2 lakh loan at an interest rate of 10%, a 5-year tenure results in an EMI of ₹4,249, which you can manage alongside your daily expenses.
If your salary is high or you can afford higher EMIs, consider choosing a shorter repayment tenure to reduce the total interest you pay on the loan.
Loans for Working Professionals Based on Their Salary
The table below will help you find the best personal loan provider, such as NBFCs and fintechs, based on your salary range.
Lender
Paisa247 (DSA)
Minimum Monthly Salary
₹10,000
Personal Loan Amount
₹1,000–₹25,00,000
Lender
CreditSea
Minimum Monthly Salary
₹12,000
Personal Loan Amount
₹5,000–₹30,000
Lender
TrustPaisa
Minimum Monthly Salary
₹15,000
Personal Loan Amount
₹2,500–₹45,000
Lender
WeCredit
Minimum Monthly Salary
₹15,000
Personal Loan Amount
₹5,000–₹15,00,000
Lender
PayMe
Minimum Monthly Salary
₹15,000
Personal Loan Amount
₹500–₹1,00,000
Lender
Ram Fincorp
Minimum Monthly Salary
₹15,000
Personal Loan Amount
₹1,000–₹1,00,000
Lender
InCred
Minimum Monthly Salary
₹15,000
Personal Loan Amount
₹50,000–₹15,00,000
Lender
FatakPay
Minimum Monthly Salary
₹15,000
Personal Loan Amount
₹10,000–₹5,00,000
Lender
Zype
Minimum Monthly Salary
₹18,000
Personal Loan Amount
₹5,000–₹2,00,000
Lender
JusPay (DSA)
Minimum Monthly Salary
₹18,000
Personal Loan Amount
₹10,000–₹5,00,000
Lender
BuddyLoan (DSA)
Minimum Monthly Salary
₹15,000 (Salaried)
Personal Loan Amount
₹10,000–₹15,00,000
Lender
Smart Coin
Minimum Monthly Salary
₹18,000
Personal Loan Amount
₹1,000–₹5,00,000
Lender
Pocket Mitra
Minimum Monthly Salary
₹20,000
Personal Loan Amount
₹1,000–₹50,000
Lender
CreditLab
Minimum Monthly Salary
₹25,000
Personal Loan Amount
₹6,000–₹1,00,000
Lender
Chinmay Finlease
Minimum Monthly Salary
₹25,000
Personal Loan Amount
₹50,000–₹5,00,000
Lender
Muthoot Finance
Minimum Monthly Salary
₹25,000
Personal Loan Amount
₹1,00,000–₹15,00,000
Lender
LoanTap
Minimum Monthly Salary
₹30,000
Personal Loan Amount
₹50,000–₹10,00,000
Lender
Bajaj Finserv
Minimum Monthly Salary
₹30,000
Personal Loan Amount
₹1,00,000–₹50,00,000
Lender
Poonawalla
Minimum Monthly Salary
₹30,000
Personal Loan Amount
₹50,000–₹15,00,000
Lender
Aditya Birla Capital
Minimum Monthly Salary
₹20,000
Personal Loan Amount
₹1,00,000–₹60,00,000
Lender
Emergency Paisa
Minimum Monthly Salary
₹30,000
Personal Loan Amount
₹10,000–₹1,00,000
Lender
Digi Credit
Minimum Monthly Salary
₹20,000
Personal Loan Amount
₹3,000–₹35,000
Note : The loan amount may vary depending on each lender's eligibility assessment, credit score, existing EMIs, and other criteria.
Benefits of Choosing Hello Credit
Lenders Based on Salary
Hello Credit has partnered with 25+ lenders. We check your salary, credit history, and other criteria to find lenders that match your profile and loan requirements.
Interest Rate from 9.99%
You can get a loan at an interest rate from 9.99% to 24%, based on your credit history and other eligibility criteria.
Multiple Loan options
Find a suitable lender and compare the loan amount, interest rate, and repayment tenure you need, either by yourself or with the help of our team.
Personal Loan for Salaried Employees with a Low CIBIL Score
Hello Credit has dedicated lenders that provide loans to applicants with low CIBIL scores. Loan amounts, interest rates, and tenures vary based on other parameters and eligibility criteria.
CIBIL Score
650
Minimum Monthly Salary
₹18,000
Loan Amount
₹5,000–₹30,000
How to get a personal loan for salaried employees
Below are the details explaining how an applicant can apply, what they can expect after applying, and how and when the loan amount is disbursed.
- Fill out the form with the requested details, such as your salary, the loan amount you need, email, and mobile number.
- Our team will reach out via WhatsApp or a phone call to understand your CIBIL score, credit history, loan amount, and other requirements.
- Based on your requirements, CIBIL score, CIBIL report, and other eligibility, we will suggest a lender that matches your requested loan amount, interest rate, and loan tenure.
- Once you and the lender are matched and the application is approved, the loan amount will be disbursed to your account. The loan amount, interest rate, processing charges, EMI, and loan tenure will be clearly explained to you.