Paisabazaar Logo - Compare loans and credit cards

Personal Loan for Rs. 1 Lakh Salary

A monthly salary of Rs. 1 lakh may increase your chances of being approved for a personal loan with a higher loan amount. With a strong credit profile, good credit score and solid income records, you can qualify for a personal loan of high value at competitive rates. On Paisabazaar, you can compare and apply for several eligible loan offers from the best lenders.
iconicon
Get Cashback of ₹1,000* on Loan Disbursal
Valid till 31st March '26*T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

google-play-icon

Google Play Store

4.5/5

15.5L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Low Interest Rates

Low Interest Rates

Curated offers from 30+ lenders

Icon image of Quick Loan Processing

Quick Loan Processing

Get the best personal loan interest rate

Icon image of Instant Loan Approval

Instant Loan Approval

Offers ranked according to eligibility

Icon image of 100% Digital Application

100% Digital Application

Hassle-free & paperless

Find Best Personal Loan Offers

Sort by:

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%

Quick Links

Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

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

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

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
View All Partners

Avail Personal Loan for
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.

Personal Loan Articles

Importance of No Dues Certificate in Personal Loan Closure - Article image

Importance of No Dues Certificate in Personal Loan Closure

icon image of Paisabazaar
Paisabazaar02 Sept 2025
Loan rejected despite high income? Here’s what you need to know - Article image

Loan rejected despite high income? Here’s what you need to know

icon image of Paisabazaar
Paisabazaar19 Aug 2025
Personal Loan for First Time Borrowers: What Customers Must Know - Article image

Personal Loan for First Time Borrowers: What Customers Must Know

icon image of Paisabazaar
Paisabazaar04 Aug 2025
How I Saved Rs 22,000 on My Personal Loan through Prepayment - Article image

How I Saved Rs 22,000 on My Personal Loan through Prepayment

icon image of Bhumika Khandelwal
Bhumika Khandelwal31 Jul 2025
How Have Personal Loans Advanced Over the Past few Years - Article image

How Have Personal Loans Advanced Over the Past few Years

icon image of Paisabazaar
Paisabazaar17 Jul 2025
Factors To Consider While Selecting a Personal Loan Lender - Article image

Factors To Consider While Selecting a Personal Loan Lender

icon image of Paisabazaar
Paisabazaar16 Jul 2025
Instant Personal Loan Apps: Avoid These 5 Pitfalls - Article image

Instant Personal Loan Apps: Avoid These 5 Pitfalls

icon image of Bhumika Khandelwal
Bhumika Khandelwal16 Jul 2025
Reasons for Delay in Personal Loan Processing - Article image

Reasons for Delay in Personal Loan Processing

icon image of Paisabazaar
Paisabazaar09 Jul 2025
APR vs Interest Rate in Personal Loans: What’s the Difference? - Article image

APR vs Interest Rate in Personal Loans: What’s the Difference?

icon image of Bhumika Khandelwal
Bhumika Khandelwal07 Jul 2025
Tips to Choose an Ideal Personal Loan Tenure - Article image

Tips to Choose an Ideal Personal Loan Tenure

icon image of Paisabazaar
Paisabazaar07 Jul 2025
View All Articles
quotes icon

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.

icon image of avatar
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

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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

icon image of avatar
Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

icon image of avatar
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.

icon image of avatar
Abhishek ThakuraJan 14, 2026
View All Testimonials
Vandana Punj profile
Written ByLinkedIn icon
Vandana Punj
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

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

*Applicable for selected customers

Knapsack with coins

Check Best Personal Loan Offers
with Quick Disbursal

Scroll to top