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Personal Loan for Rs 30,000 Salary

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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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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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

Eligibility Criteria for Salaried Applicants Earning Rs 30,000 per month

  • Credit score 750+ preferred by most lenders.
  • Age: 18 to 60 years.
  • Employees working in government or PSUs or MNCs, or reputed corporations.
  • Usually, a minimum of 6 months to 1 year of work experience.

What Banks Offer on Rs 30,000 Salary: Loan Amounts & Minimum Income Criteria

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

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Why Apply for a Personal Loan through Paisabazaar?

  • Apply for a personal loan through Paisabazaar from top banks/NBFCs of up to Rs 40 lakh.
  • Paisabazaar partner lenders include HDFC Bank, Axis Bank, Kotak Mahindra Bank, ICICI Bank, Tata Capital, YES Bank and other 30+ top lenders.
  • 100% digital application process.
  • Get pre-approved personal loan offers from Axis Bank, Hero Fincorp, Tata Capital, IndusInd Bank, Aditya Birla Capital and more.
  • Know your loan approval chances.
  • Check your credit score for free.

How Much Personal Loan Amount You Can Get on Rs 30,000 Salary?

EMI/NMI Ratio

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.

Multiplier Method

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

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How You Can Improve Your Loan Approval Chances

Below are the tips to improve your loan approval chances if you are earning Rs 30,000 salary per month:-

  • Check personal loan offers: Check, compare and apply multiple personal loan offers at Paisabzaaar to know the eligibility criteria and
  • Maintain a good credit score of 750 or above: This gives you higher chances of getting your application approved as well as eligibile for lower interest rates.
  • Provide additional income proof: If you have any other income like stocks, mutual funds or rent, by disclosing them to the lender, you can make your application profile stronger.
  • Add a co-applicant: This lower the credit risk for the lender, if the co-applicant has the higher income and also becomes accountable for the loan repayment.

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
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FAQs

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 @ 9.98% 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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What our customers say

Best marketplace to shop for loans

I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Pre-approved offers

I logged in to Paisabazaar app and saw pre-approved offers as per my credit profile from different lenders. I could avail the offer easily and got quick disbursal in as less as 24 hours without any hassle.

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Sunanda MishraSep 28, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025
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