✖Pre-loan Eligibility checker
Last updated on: July 22, 2025
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Read BioDon’t let a limited income hold you back. Find personal loans crafted for low-salaried individuals on our platform. Apply now!
If your monthly salary is low, it doesn’t mean you have no chance of availing a personal loan. The term low salary is relative and the salary rate may differ among different companies. The amount disbursed depends on the person’s monthtly income, his repaying ability, company profile among all other things. Even if banks do not offer conventional personal loans to these low salaried candidates, there are so many NBFCs in the market offering personal loans to such individuals. All it takes is a little bit of research to find the right lender. One has to note that the interest rate for personal loans for low salaried would be on the higher side, as it is riskier for the financial establishment to lend to such people.
Most lenders do not have conventional salary-based interest rate table, you can check some prominent’s NBFCs interest rates and minimal income
Lower Minimum Income -These loans are structured to accommodate individuals with lower monthly incomes, providing access to funds even if you earn a modest salary.
Flexible Eligibility Requirements - Lenders understand that every applicant is unique. These loans may consider other factors beyond income, ensuring a holistic evaluation of your financial situation.
Competitive Interest Rates - Despite lower incomes, you can still benefit from competitive interest rates, making repayment more manageable.
Customized Loan Amounts - These loans offer flexibility in choosing the loan amount, allowing you to borrow only the amount that you would need for a specific purpose
Flexible Repayment Tenure - Get flexible repayment tenure, reducing the tension associated with repayment.
Quick Approval and Disbursement - We follow a streamlined loan approval processes and fast disbursal of funds, ensuring you receive the funds at the time you need the most
Minimal Documentation - The application is completely paperless, hassle-free, and bare minimal saving you plenty of time and energy
No Security Required - As personal loans are unsecured, you don’t need to pledge any collateral or assets to secure the loan.
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
Financial Accessibility: It ensures that even the underserved segment of this society get quality access to funds
Improved Credit Profile: Promptly repaying the loans would improve your credit profile and make you eligible for multiple loan offers
Flexible Use of Funds: Use the loan amount for a variety of purposes, such as medical expenses, education, travel, or home improvements, offering you the flexibility you need.
Emergency Handling: With a personal loan at your disposal, you’re better equipped to handle any financial emergencies, providing peace of mind and financial security.
Debt Consolidation: If you have multiple debts, you can use a personal loan to consolidate them into a single, manageable monthly payment, simplifying your financial life.
To qualify for a personal loan for Low Salaried in India, you generally need to meet the following eligibility criteria:
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Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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