Personal Loan for Low Salary

The term ‘low salary’ is relative and may mean different figures for different people depending on their profession, sector, geographical...

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Calculate Your Personal Loan EMI

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₹

50K50L

Rate of Interest (Yearly %)

8%30%

Loan Tenure

1Y 10Y

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

ICICI Bank

100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest11% - 13%

Tenure upto1-5 Years

Processing FeeUpto 2%

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

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Banks/NBFCs having minimum salary requirement of Rs. 10,000 & below

salary requirement of above Rs. 10,000 & up to Rs. 15,000

salary requirement of above Rs. 20,000 & up to Rs. 30,000

Eligibility Criteria for Personal Loans

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Banks/NBFCs having minimum salary requirement of above Rs. 10,000 & up to Rs. 15,000

Lenders	Interest Rates	Min. Salary Required
PaySense	1.4%- 2.3% per month	Rs. 12,000
Moneyview	14% p.a. onwards	Rs. 13,500
SBI	10.10%-15.10% p.a.	Rs. 15,000
Axis Bank	9.99% p.a. onwards	Rs. 15,000
Tata Capital	11.50% p.a. onwards	Rs. 15,000
CASHe	2.79% p.m. onwards	Rs. 15,000
Fibe (EarlySalary)	18.00% p.a. onwards	Rs. 15,000

Note: Interest rates as of 25 August 2025

Eligibility Criteria for Personal Loans offered to Low-income Groups

The primary factors that banks and NBFCs consider while evaluating personal loan application would include your credit score, income, age, occupation and employer’s profile. These factors will also largely determine the personal loan interest rates offered to you by the lenders. Below mentioned are the basic eligibility criteria along with documents required to avail personal loan for a low salary:

Age: 18 to 65 years
Income: As per lender’s norms
Credit score: Preferably 750 and above to get personal loan at lower interest rates

Banks/NBFCs having minimum salary requirement of Rs. 10,000 & below

Lender	Interest Rates	Min. Salary Required
KreditBee	12.00% - 28.50%	Rs. 10,000

Note: Interest rates as of 25 August 2025

Documents Required

Duly filled application form with passport-sized photographs
KYC documents of the applicant
Identity Proof: Passport/PAN Card/ Voter’s ID/ Aadhaar Card/ Driving License
Address Proof: Passport/ Aadhaar Card/ Utility Bills (not more than 3 months old)/ Driving License
Income Proof: Salary Slips/ Bank Account Statement/ Form 16
Any other document required by the bank

Avail Personal Loan for
All Your Needs

Banks/NBFCs having minimum salary requirement of above Rs. 20,000 & up to Rs. 30,000

Lenders	Interest Rates	Min. Salary Required
HDFC Bank	9.99% p.a. onwards	Rs. 25,000
Kotak Mahindra Bank	10.99% p.a. onwards	Rs. 25,000
IndusInd Bank	10.49% p.a. onwards	Rs. 25,000
ICICI Bank	10.60% p.a. onwards	Rs. 30,000

Note: Interest rates as of 25 August 2025

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

Avail Personal Loan for
All Your Needs

FAQs

Salary slip acts as proof of your employment. It also helps lenders to assess your repayment capacity. So if you are unable to furnish your salary slip, the bank may request for other documents as a proof of income such as your bank statements reflecting your salary, ITR filed previously and Form 16. Some lenders also have various surrogate programs to arrive at the loan eligibility for applicants not having salary slip and/or other income proof documents.

Yes. Personal loans are collateral-free loans and can be availed if you meet the minimum salary criteria and other eligibility parameters as defined by the lender.

As high credit score or CIBIL score reflect financial discipline; therefore, lenders prefer lending personal loans to applicants with CIBIL scores of 750 or above. Those having CIBIL scores below 750 might be rejected for the loan or charged higher interest rates on the loan. However, there are some NBFCs and fintech lenders that offer personal loans to individuals with low CIBIL score/credit score but at interest rates higher than banks and large NBFCs.

The maximum personal loan that an individual can get on his salary would depend on his monthly income but also on his existing loan repayment obligations (including the EMI of the proposed loan) and the loan tenure. Moreover, lenders generally require the total EMI of an applicant (including the EMI of the new loan) to not exceed 50-55% of his monthly income.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

Abhishek ThakuraJan 14, 2026

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

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