Banks/NBFCs Offering Personal Loans for Rs 25,000 Monthly Salary – Paisabazaar
HDFC Bank
Up to ₹40L
10.9% - 24%
Upto 6 Years
₹6,500
Axis Bank
Up to ₹10L
11.25% - 22%
Upto 5 Years
Upto 2%
Kotak Mahindra Bank
Up to ₹35L
10.99% - 16.9%
Upto 6 Years
Upto 5%
IDFC FIRST Bank
Up to ₹10L
10.7% - 23.99%
Upto 5 Years
Upto 2%
ICICI Bank
Up to ₹50L
10.85% - 16.65%
1-6 Years
Upto 2%
Can you get a personal loan with a Rs 25,000 monthly salary?
Your eligibility for a personal loan depends on your credit score, existing financial obligations, work experience, employment stability, etc. Most lenders usually set a minimum in-hand monthly income of Rs 15,000 for any personal loan amount. But, if you need a higher loan amount, say Rs 5 lakh personal loan, some lenders may have a higher income eligibility criterion.
Estimated Loan Amount You Can Get on Rs 25,000 Salary
Multiplier Method
Lenders often use a multiplier method to assess your personal loan eligibility, where your Net Monthly Income (NMI) is multiplied by a fixed number (usually 10 to 24) to estimate the eligible loan amount. However, existing financial obligations also play a crucial role in determining your personal loan amount.
EMI/NMI Ratio
Lenders prefer to keep the EMI to NMI ratio 50%-55% to ensure repayment capacity and minimize credit risk. So, even if you have no debt, lenders would prefer to offer a loan amount and tenure that would keep your EMI around Rs 12,500 for a salary of Rs 25,000.
Here’s an approximate idea of how much personal loan you can get with a Rs 25,000 monthly salary:
| Monthly Salary | Rs 25,000 |
| Approx Eligible Loan Amount | Up to Rs 3.75 lakh (based on a 15x multiplier) |
| Tenure | Up to 5 years |
| Interest Rates | 10.50% p.a. onwards (depends on credit profile) |
Eligibility Criteria for Personal Loan with salary Rs 25,000
While personal loan eligibility criteria differ by lender, here are the general requirements:
- Age: 18 to 60 years
- Stable job with a minimum of 1 year of work experience.
- A credit score usually 750 or higher is preferred.
- Must be employed full-time in the public/private sector or at an MNC.
Fees & Charges for Personal Loan for Salaried Applicants
| Charges | Description |
| Processing Fee | 0.5% to 4% of the loan amount, capped by some lenders |
| Stamp Duty Charges | As per actuals |
| Prepayment/Foreclosure Charges |
|
| Document Retrieval charges | Usually around Rs 500 |
| Loan Cancellation Charges | Usually around Rs 3,000 |
| Duplicate NOC | Usually around Rs 300-Rs 500 |
| Loan Statement Charges | Up to Rs 500 per statement |
| Repayment mode swap charges | Around Rs 500 per transaction |
| Documentation Charges | Around Rs 500 |
| Cheque Bouncing or Failed Standing Instruction Charges | Up to Rs 500 – Rs 750 per instance |
| Penal Charges – EMI overdue | Usually 2% to 3% per month |
| GST | Applicable to all processing fees and charges |
Documents Required for Personal Loan with a Salary of Rs 25,000
General personal loan documents
- Passport-sized photographs
- Identity Proof: Aadhaar Card/Passport/PAN Card/ Voter’s ID/Driving License
- Address Proof: Passport/ Aadhaar Card/ Electricity Bills (not more than 3 months old)/ Driving License
- Income Proof: Salary Slips/Form 16/Bank Account Statement
For Instant Personal Loans
Instant personal loans are completely digital, with no physical documents required. For instance, IndusInd Bank (Paisabazaar partner) offers online instant personal loan with a 100% digital application wherein you just need to keep your Aadhaar Card number and PAN number handy, share your bank account details for disbursement and complete video KYC.
How to Improve Your Loan Approval Chances
If you are earning Rs 25,000 p.m., here are tips to improve your chances of getting a personal loan:
- Check the eligibility criteria before applying for a personal loan from any bank or NBFC.
- Maintain a good credit score of 750 or above.
- Submit accurate and recent required documents such as recent salary slips, address proof.
- Avoid enquiring with multiple lenders within a short span.
- Adding a co-applicant can lower the credit risk for the lender, as the co-applicant also becomes accountable for the timely repayment of the loan.
