- 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.
Personal Loan for Rs. 1 Lakh Salary
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Principal Amount₹0
Interest Amount₹0
Total Amount₹0
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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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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
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:
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
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Avail Personal Loan for
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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:
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
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:
How to Apply for a Personal Loan for Rs. 1 Lakh Salary
You can apply easily online through Paisabazaar
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
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

Avail Personal Loan for
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FAQs
How much personal loan can I get on a Rs. 1 lakh salary?
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.
What is the interest rate for a personal loan on a Rs. 1 lakh salary?
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.
Can I get an instant personal loan with a Rs. 1 lakh monthly income?
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.
What is the EMI for a Rs. 10 lakh personal loan on a Rs. 1 lakh salary?
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.
Can I get a personal loan without a credit score if my salary is Rs. 1 lakh?
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.
How can I increase my loan eligibility on a Rs. 1 lakh salary?
To improve eligibility, maintain a good credit score, keep your existing EMIs low, and apply jointly with a co-applicant if possible. Also, choose a longer tenure to reduce EMI pressure.
Can self-employed individuals earning Rs. 1 lakh per month get a personal loan?
Yes. Self-employed professionals or business owners earning Rs. 1 lakh monthly can also apply for personal loans, but they need to provide income proof such as ITRs, bank statements, and business documents.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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