Looking for a personal loan having Rs 30,000 monthly salary? Paisabazaar has partnered with 30+ banks/NBFCs to provide personal loans of interest rate starting at 10.50% p.a. You can compare interest rates, check your chances for loan approval and credit score for free. The process is fully online, instant disbursal, and hassle-free with minimal documentation.
Get up to ₹1,000*
Voucher on disbursal
HDFC Bank
Up to ₹25L
9.99% - 12.5%
1-5 Years
₹6,500
Axis Bank
Up to ₹40L
9.99% - 17.15%
1-5 Years
1% - 1.5%
Kotak Mahindra Bank
Up to ₹25L
10.5% - 17.2%
1-5 Years
1.1% - 1.5%
IDFC FIRST Bank
Up to ₹50L
10.5% - 20%
1-5 Years
Upto 2%
ICICI Bank
Up to ₹25L
11% - 13%
1-5 Years
Upto 2%
| Bank/NBFC | Minimum Salary Requirement | Maximum Loan Amount |
| ICICI Bank | Rs 30,000 | Up to Rs 50 lakh |
| Kotak Mahindra Bank | Rs 25,000 for Kotak Bank Salary Accountholders;
Rs 30,000 for Non-Kotak Bank Salary Accountholders |
Up to Rs 40 lakh |
| HDFC Bank | Rs 25,000 | Up to Rs 40 lakh |
| IndusInd Bank | Rs 25,000 | Up to Rs 50 lakh |
| State Bank of India | Rs 20,000 for Government/Defense Sector Employees;
Rs 25,000 for Corporate Sector Employees |
Up to Rs 35 lakh |
| Axis Bank | Rs 15,000 for Axis Bank Customers;
Rs 25,000 for Non-Axis Bank Customers |
Up to Rs 10 lakh |
Lenders prefer that your EMI should not exceed 50%-55% limit of your net monthly income. For instance, you applied for a personal loan of Rs 5 lakh, have a salary of Rs 30,000 and have no other EMIs. The lender would prefer to set the personal loan amount and repayment tenure to ensure that your EMI remains around Rs 15,000 to Rs 16,500.
In the multiper method, your net monthly income is multiplied by a set number (usually 10 to 24) to calculate your eligible personal loan amount. However, existing EMIs (if any) also plays a crucial role in determining your loan amount.
Stated below are the personal loan amount you can get with a Rs 30,000 income per month based on different multipliers:-
| Multipler | Monthly Salary | Estimated Loan Amount |
| 10x | Rs 30,000 | Rs 3 lakh |
| 15x | Rs 30,000 | Rs 4.5 lakh |
| 20x | Rs 30,000 | Rs 6 lakh |
| 25x | Rs 30,000 | Rs 7.5 lakh |
Below are the tips to improve your loan approval chances if you are earning Rs 30,000 salary per month:-
You can apply for a personal loan either directly from the bank/NBFC or through Paisabazaar website or app. Paisabzaar allows individuals to compare the best personal loan offer available based on their monthly income, credit score, employment profile, etc.
The repayment tenure of personal loan usually ranges from 1 year to 5 years, while some public sector banks offering tenure of up to 7 years.
The personal loan eligibility does not depend only on your monthly income. Other factors include credit score, employment profile, work experience etc, set by the lender.
Most banks and NBFCs provide personal loan @ 10.50% p.a. onwards. Lender set the interest rate based on the credit profile of their loan applicants and their internal policies. Some public sector banks may offer loans at lower interest rates.
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