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Personal Loan for Rs 60,000 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
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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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

Benefits of Applying for a Personal Loan on Rs 60,000 Salary through Paisabazaar

  • Best personal loan deals from HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, Federal Bank, YES Bank and other 30+ top lenders
  • Get a personal loan of up to Rs 40 lakh
  • 100% digital with minimal documentation
  • Know your chances of approval
  • Check your credit score for free
  • Pre-Approved Offers from Axis Bank, Tata Capital, Hero Fincorp, IndusInd Bank and more.

How Much Personal Loan Amount You Can Get on Rs 60,000 Salary?

EMI/NMI Ratio

The EMI/NMI (Equated Monthly Installment/Net Monthly Income) ratio is an important method for lenders to assess your repayment capacity. The ratio indicates how the proportion of your income is allocated towards repaying existing loans, including the proposed loan. Most banks and NBFCs prefer to set the ratio within 50%-55%. So, even if you have no existing debt, lenders would prefer to set the loan amount and tenure to ensure that your EMI remains around Rs 30,000 for a salary of Rs 60,000, assuming a 50% EMI/NMI ratio.

Multiplier Method

Most banks and NBFCs use a multiplier method to calculate your loan amount. In this method, your NMI is multiplied by a pre-determined number (usually 10 to 24) to assess your personal loan eligibility. However, existing debt also plays a role in determining your loan amount.

Check below the personal loan amount you can get with a Rs 60,000 monthly salary based on different multipliers:

Multipler Monthly Salary Estimated Loan Amount
10x Rs 60,000 Rs 6 lakh
15x Rs 60,000 Rs 9 lakh
20x Rs 60,000 Rs 12 lakh
25x Rs 60,000 Rs 15 lakh

Pre-Approved Personal Loan Offers on Rs 60,000 Salary

Salaried applicants earning Rs 60,000 per month can be eligible for pre-approved offers from their existing bank or NBFC -  especially if they have a salary account with that respective lender. If you have a consistent monthly income, a strong credit score and a good repayment history, you might be eligible for pre-approved loans or instant personal loans with disbursal in minutes to hours. Further, most lenders offer preferential interest rates to those applicants.

At Paisabazaar, you can get pre-approved offers from Tata Capital, Axis Bank, IndusInd Bank, Hero Fincorp, Federal Bank, Aditya Birla Capital, etc.

Interest Rates (p.a.)
Aditya Birla Capital 12.99% onwards
Federal Bank 12.00% onwards
Axis Bank 14.00% onwards
IndusInd Bank 15.00% onwards
Piramal Finance 16.00% onwards
Tata Capital 18.00% onwards
Hero Fincorp 20.00% onwards

Personal Loan Eligibility Criteria for Salaried Applicants

  • Credit score 750+ preferred.
  • Age: 18 to 60 years.
  • Minimum in-hand monthly income of Rs 15,000.
  • Employees working in government, PSUs, MNCs, or reputed corporations.
  • Usually, a minimum of 1 year of work experience.

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Fees & Charges for Personal Loan with a Salary of Rs 60,000

Processing Fees & Other Charges

  • Processing Fees: 0.5% to 4% of the loan amount
  • Prepayment/Foreclosure Charges: 
    • 2% – 5% on the principal outstanding for fixed-rate loans;
    • NIL for floating rate loans
  • Loan Statement Charges: NIL to up to Rs 500 per statement
  • Loan Cancellation Charges: Usually around Rs 3,000
  • Stamp Duty: As per actuals

Late/Missed EMI Payment Charges

  • Penal Charges: Usually 2% to 3% per month on the EMI overdue amount.
  • Cheque Bouncing or Failed Standing Instruction Charges: Up to Rs 500 – Rs 750 per instance
  • EMI Bounce Charges: Up to Rs 450 per instance

Personal Loan Documents Required During the Application Process

Particulars Documents
General personal loan documents -PAN Card & Aadhaar Card
-Last 3 months salary slips
-Last 1 year bank statements
-Employment proof, such as an offer letter
Digital Document Processing No physical documents. The loan processing is through digital KYC (e-KYC) processes. Usually, only PAN and Aadhaar numbers are required.
Documents for Pre-Approved Loans No documents required as the lender already has your KYC documents

Best Practices Before Applying for a Personal Loan

  • Compare loan offers with other banks/NBFCs/digital lenders to ensure you get the best offer, even if you have received a pre-approved offer.
  • Check for processing fees, prepayment charges. EMI bounce charges, etc, as it impacts your total cost of the loan.
  • Use Paisabazaar Personal Loan EMI Calculator to estimate your EMI based on your repayment capacity for varied tenures, interest rates and loan amount.
  • Avoid enquiring with multiple lenders within a short duration of time, as this leads to a hard inquiry which can lower your credit score.
  • Ensure job continuity for atleast 6 months to 1 year in the current job, as a stable job leads to consistent income and that reduces the credit risk for the lenders.

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 get a loan ranging from Rs 6 lakh to Rs 15 lakh (considering a 10x-25x multiplier), depending on your repayment capacity, credit profile and the lender’s credit policies.

SBI offers personal loans of up to Rs 35 lakh. The EMI/NMI ratio is set up to 65% & 24-times NMI, whichever is lower. You might be eligible for a personal loan amount of up to Rs 14.40 lakh, on a Rs 60,000 salary. However, the final loan amount depends on your credit profile. Check with the bank on your personal loan eligibility and the loan amount.

You can get a personal loan depending on the eligibility criteria, i.e., minimum monthly income, credit score, etc, set by the lender. Additionally, the lender may offer you higher personal loan amounts when your EMI/NMI ratio is low.

Your eligibility for Rs 1 lakh personal loan depends on factors like your credit score, existing EMIs, employer profile, occupation, monthly income and repayment capacity. The lender may set higher minimum income criteria for higher loan amounts.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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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.

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Abhishek ThakuraJan 14, 2026
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