Low Salary Personal Loan – Personal Loan for Salary Less than 15000

Need a Low Salary Personal Loan? If you have a low income below 20000 Rupees, we understand that there are very few loan options. Many of the major banks and NBFC’s do not provide personal loans for individuals with low income. At LoanSumo, we help individuals with low salary get access to a timely personal loan. We present multiple options for Personal Loan for Salary Less than 15000.

LoanSumo – Personal Loan Features

  • Fast Approval
  • Large Lender Network (Private Finance, P2P, NBFC’s, Banks)
  • Unsecured Loans (No Collateral, Guarantee or Co-signer)
  • Easy Paperless Application
  • Minimal Documentation

Personal Loan for Low-Income Earners Less than 20000 Rupees

We partner with many lenders across the spectrum from banks and NBFC’s to help individuals with low salary get access to personal loans. We serve personal loans across all the major cities in India including Hyderabad, Delhi NCR (Noida, Gurgaon), Mumbai, Chennai, Pune, Kolkata, Bangalore, Ahmedabad, and Indore.

Personal Loan for Salary Less than 10000

There are very few loan options for people below salary of Rs 10000. Some of the options include co-operative banks like Abhyudaya and the Greater Bombay Co-operative Bank. Public Banks like State Bank of India and Canara Bank also offer loans to salaried individuals with a salary under Rs 10000 in semi-urban and rural areas.

If you are looking for a Personal Loan for Salary Less than 12000 or 11000 Rupees, you can apply for some of the options listed above.

Personal Loan for Salary Less than 15000

Some major Banks and NBFC’s including HDFC Bank and ICICI bank offer personal loans for  Salary less than 15000 Rupees. HDFC and ICICI service these loans in major cities across India including Delhi, Hyderabad, Mumbai, Bangalore, and Chennai. For many banks, the minimum salary for personal loan is at least 15000 INR. Hence, as suggested above, options are very limited.

Low Salary Personal Loan – Documents Needed

  • Copy of Aadhar Card
  • PAN Card Copy
  • Driving Licence Copy
  • Copy of Address Proof (Electricity Bill, Water Bill, etc)
  • Passport photograph
  • Income Proof
  • Employment Proof

FAQ – Personal Loan for Low Salary

1. How much Personal Loan can I get on my salary?

It entirely depends on many factors including Credit Score and Salary of the employee. Low Salary Loans are usually rare and few for employees with salary below 20000 INR.

2. On what basis is Personal Loan for Low Salary given?

There are some banks which give Loans for Low Salary based on income and also the past record of employment.

3. Can one get a Personal Loan salary less than 12000?

There are few options but not many. They may try alternative lending methods.

4. Can one get a Personal Loansalary less than 15000?

There are few options but not many. They may try alternative lending methods.

5. Can one get a Personal Loan salary less than 10000?

There are few options but not many. They may try alternative lending methods. With Salary less than 8000, there may be no options at all except for borrowing from friends and family.