Personal Loan for Rs. 1 Lakh Salary

Low Interest Rates

Quick Loan Processing

Instant Loan Approval

100% Digital Application

Low Interest Rates

Quick Loan Processing

Instant Loan Approval

100% Digital Application

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Google Play Store

4.5_/5

15.5L Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Find Best Personal Loan Offers

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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

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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About

Key highlights

Usage of Personal Loan

Interest Rate

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

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

About Personal Loan for Rs. 1 lakh Salary

Lenders usually offer competitive interest rates to their personal loan applicants.
Individuals having a salary of Rs. 1 lakh usually qualify for low interest rate personal loans.
The loan proceeds can be used for multiple personal purposes, except for speculation.
Lenders usually offer personal loans for tenure of up to 5 years to individuals having a salary of Rs. 1 lakh.
The loan is disbursed instantly and requires minimal documentation.

Key Highlights

Particulars	Details
Eligible Monthly Income	Rs. 1,00,000 and above
Interest Rate Range	9.98% p.a. onwards*
Loan Amount	Up to Rs. 25 lakh or more (depends on profile)
Tenure	12-60 months
Processing Fees	0.5%-4% of the loan amount
Credit Score Required	750 or above preferred

*Interest rates vary by lender, credit history, and employer profile.

How People with Rs. 1 Lakh Salary use Personal Loan?

You can use a personal loan for multiple purposes, such as:

Home renovation or repair
Wedding-related expenses
Travel-related expenses
Education cost
Debt consolidation
Medical emergencies
Purchasing gadgets or high-value items

Lenders perceive salaried individuals with consistent income as low-risk borrowers, which helps secure lower interest rates and higher loan limits.

Personal Loan Interest Rates Offered by Various Lenders

Here’s an overview of interest rate ranges offered by top banks and NBFCs in India:

Banks/NBFCs	Interest Rates (p.a.)
State Bank of India	10.05% - 15.05%
HDFC Bank	9.99% onwards
Axis Bank	9.99% onwards
ICICI Bank	10.45% onwards
Kotak Mahindra Bank	9.98% onwards
IndusInd Bank	10.49% onwards
IDFC FIRST Bank	9.99% onwards
Federal Bank	12.0% - 19.5 %
YES Bank	10.85% - 21.00%
Tata Capital	10.99% onwards
Aditya Birla Finance	10.99% onwards
L&T Finance	11.00% onwards
Hero Fincorp	Up to 30.00%
Piramal Finance	12.14% onwards
Poonawalla Fincorp	9.99% onwards
Moneyview	14% onwards

Rates as of 1st December 2025

Avail Personal Loan For
All Your Needs

How Much Personal Loan Can You Get on Rs. 1 lakh Salary?

Lenders usually offer personal loans of 10 to 20 times your monthly income, depending on your liabilities and creditworthiness. If your salary is Rs. 1 lakh per month, you can expect a loan amount anywhere between: Rs. 10 lakh to Rs. 20 lakh (subject to eligibility)

However, the final amount depends on:

Your credit score (preferably 750 or above)
Existing EMIs or debt-to-income ratio
Employer profile and job stability

Sample EMI Calculation

Here’s how your EMI may look for a Rs. 12 lakh personal loan for different interest rates:

Tenure	11%	13%	15%
1	Rs. 1,06,058	Rs. 1,07,181	Rs.1,08,310
2	Rs. 55,929	Rs. 57,050	Rs. 58,184
3	Rs. 39,286	Rs. 40,433	Rs. 41,598
4	Rs. 31,015	Rs.32,193	Rs. 33,397
5	Rs. 26,091	Rs. 27,304	Rs. 28,548

Also Check: Calculate personal loan emi online

Swipe to see more table data

Eligibility Criteria for Rs. 1 Lakh Salary Earner

Age: 21 to 60 years
Employment Type: Salaried employee in private/public sector or MNC
Credit Score: 750 or above
Work Experience: Minimum 1–2 years, with 6–12 months in current job
Employer Profile: Reputed organization preferred

Lenders may also consider your city, job stability, and repayment track record when assessing eligibility.

Documents Required

You’ll need to submit the following documents while applying for a personal loan:

Identity Proof: Aadhaar Card / PAN Card / Passport / Voter ID / Driving Licence
Address Proof: Utility bill / Passport / Aadhaar / Rent Agreement
Income Proof: Last 3–6 months’ salary slips and Form 16 / ITR
Bank Statements: Salary account statement for the past 3–6 months

How to Apply for a Personal Loan for Rs. 1 Lakh Salary

You can apply easily online through Paisabazaar

Step 1: Visit the Paisabazaar website
Step 2: Enter your phone number in the application form.
Step 3: Enter the received OTP to verify
Step 4: Provide required details.
Step 5: Compare offers and apply for the best-suited loan.

Online applications usually take a few minutes and offer instant eligibility checks without affecting your credit score.

Tips to Get the Best Personal Loan Offer

Maintain a credit score above 750
Avoid multiple loan inquiries within a short span
Keep your existing EMIs minimal
Choose a shorter tenure for lower overall interest outgo
Use your salary account bank for preferential rates
Compare at least 3–5 offers before applying

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

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All Your Needs

FAQs

If your monthly income is Rs. 1 lakh, you can usually get a personal loan between Rs. 10 lakh and Rs. 20 lakh, depending on your credit score, employer profile, and existing liabilities.

Interest rates for personal loans on a Rs. 1 lakh salary generally start from 9.99% p.a. and can go up to 24% p.a., depending on your credit history and the lender you choose.

Yes. Many banks and NBFCs offer instant or pre-approved personal loans to salaried individuals earning Rs. 1 lakh per month, especially if you have a good repayment record and maintain a salary account with the same bank.

At a 10.5% interest rate for 5 years, your EMI will be around Rs. 21,500 per month. However, the exact EMI will depend on the interest rate and tenure you choose.

While it’s possible, most lenders prefer borrowers with a credit score. If you have a stable income of Rs. 1 lakh, some NBFCs may still offer loans at slightly higher interest rates.

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What our customers say

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

Suraj VermaDec 3, 2025

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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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Personal Loan for Rs. 1 Lakh Salary