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Personal Loan for ₹25,000 Salary Apply now!

Find top personal loan options tailored for a ₹25,000 salary. Quick approvals, low interest rates, and flexible repayment terms to suit your needs.

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Personal Loan for ₹25,000 Salary: How Much Can You Get?

If you are earning a monthly salary of Rs. 25000, you may wonder how much personal loan can I get for 25000 salaries? The good news is that there are several banks, NBFCs, which offer loan. The banks offer loan after evaluating the applicant’s Fixed Obligations to Income Ratio (FOIR) and multiplier method which help you determine your loan eligibility, ensuring you can comfortably repay the loan without having any financial worries

Most Banks offer personal loans to salaried professionals earning a monthly salary of Rs. 25000. However, if due to some reasons, your application gets rejected, there’s no reasons to worry, there are several NBFCs which can process the loan application

How Personal Loan Eligibility is calculated: FOIR and Multiplier Method

Fixed Obligation to Income Ratio is a common method banks use to assess loan eligibility. FOIR takes into account his financial obligations including EMIs, rent, and other debts. Banks expect FOIR of 40 to 60 of your monthly income. For a ₹25,000 salary, if the FOIR is 40%, your obligations should not exceed ₹10000, allowing you to payback the remaining amount on EMI

Multiplier Method: Multiplier method is simpler and involves multiplying your monthly salary by a predetermined number usually between10-20. For instance, with a multiplier of 12, a salary of Rs. 25000 could potentially allow you to get personal loan of Rs. 3 Lakhs (25000*12)

Key Features and Services for Personal Loans on a ₹25,000 Salary

Personal Loans for those earning ₹25,000 per month come with a host of features that are designed to meet your evolving financial needs

  • Loan Amount: Typically, you can borrow between ₹50000 and ₹500000 based on your eligibility
  • Interest Rates: Competitive interest rates ranging from 10.49% to 25% based on your credit score and repaying ability
  • Tenure: Repayment tenure from 12-50 months
  • Quick Disbursal: Typically funds will be disbursed within 48 hours
  • Minimal Documentation: Get the loans sanctioned with minimal documentation

Bank Interest rates - Personal loan for Salary of ₹25000

Banks
Personal Loan Interest Rates 2025
Institution Interest Rates
HDFC Bank 10.85% – 24.00%
Axis Bank 11% – 24.00%
Bandhan Bank 11.90% Onwards
ICICI Bank 10.85% – 16.25%
DBS Bank 10.99% – 24.00%
Bank of Baroda 11.05% – 18.75%
SBI 11.45% – 14.85%
IndusInd Bank 10.49% – 24.00%
Yes Bank 11.25% – 21.00%
Standard Chartered 11.50% – 24.00%
IDFC First 10.99% – 23.99%
Kotak Mahindra Bank 10.99% – 24.00%
PNB 11.40% – 17.95%
Indian Bank 10.90% – 24.00%

NBFCs Interest rates - Personal loan for Salary of ₹25000

NBFCs
NBFC Name Interest Rate
InCred Interest Rate 2025 16% – 42%
Finnable Interest Rate 2025 16% – 28%
L&T Finance Interest Rate 2025 11% – 24%
Aditya Birla Interest Rate 2025 10% – 32%
Shriram Finance Interest Rate 2025 11% – 42%
Bajaj Finserv Interest Rate 2025 10.75% – 31%
Piramal Interest Rate 2025 12.99% onwards
Tata Capital Interest Rate 2025 11.99% – 35%
Poonawalla Interest Rate 2025 11.49% – 19%
SMFG Interest Rate 2025 13% – 36%
Axis Finance Interest Rate 2025 13% onwards
Mahindra Finance Interest Rate 2025 12% – 36%
Paysense Interest Rate 2025 16.8% – 33%

Eligibility Criteria for a Personal Loan on ₹25,000 Salary

To qualify for a personal loan with a monthly salary of ₹25,000, you’ll have to need to meet certain eligibility criteria

  • Age: Between 21 and 60 years.
  • Employment Status: Salaried individual with a stable monthly income of Rs. 25000 atleast
  • Work Experience: At least 1 year of total work experience with a minimum of 6 months in the current job.
  • Credit Score: A good credit score, usually 700 and above to get the loan on favourable terms
  • Cash Salary will not be accepted

Documents Required for a Personal Loan on ₹25,000 Salary

  • Identity proof (Aadhar card, passport, or driving license)
  • Address proof (utility bills or rental agreement)
  • Income proof (salary slips or income tax returns)
  • Passport-sized photographs
  • Bank statements for the last 3-6 months, IT Returns, Employment proof, No Cash Salary
  • Certificate of Incorporation, Certificate of Registration
  • Duly filled application form

How to improve your chances of getting personal loan with a Rs 25000 salary?

  • Maintain a Good Credit Score: Ensure your credit score is 700 or above by paying your dues on time. Make sure it does not drop by much
  • Reduce Existing Debts: Lower your FOIRs to ensure higher chance of loan approval. If your FOIR is around 40%, then it is considered good
  • Longer Tenure: Opt for a longer tenure to reduce your monthly EMI making it easier to manage when it comes to repayments.
  • Apply with a co-applicant: To increase your chances, you can consider getting a co-applicant or guarantor with a better credit score to boost your chances.

How to Apply for a Personal Loan with a ₹25,000 Salary

Applying for a Personal Loan with a ₹25,000 Salary is a simple process nowadays with online applications:

  • Online Application: Visit the bank’s website or use their mobile app to fill out the application form. Upload the necessary documents and wait for verification.
  • Third Party aggregator: In a third party loan aggregator website like Fincover, you have the option to compare loans from multiple banks and NBFCs, enabling you to choose the best loan with interest rates affordable to you
  • Input the details: Enter basic details like your name, DOB, and submit relevant documents required for personal loan approval
  • Approval & Disbursal: When approved, you’ll receive the loan amount to your bank account within 2-3 days from the process

How Fincover can help you get Personal Loan with ₹25,000 salary?

Securing is a personal loan with ₹25,000 salary is entirely feasible, thanks to numerous banks and NBFCs out there and Fincover enabling you with a smooth application process.

  • Transparent Process: The entire personal loan process from application to disbursal is transparent
  • Customer-Centric Approach: Our Customer centric approach ensures you get the best support from our agents to get the loan amount that you desired
  • Competitive Interest Rates: Get the best deal when it comes to interest rates and get the funds instantly credited to your account

With careful planning, a personal loan can help you achieve your financial goals without having to shell out anything from your savings

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