Quick and Easy Personal Loan for Salaried Employees
Apply for Personal Loan Online - Fast and Convenient Flexible Loan Options for Salaried Employees Personal Loan With Lowest Interest Rate
Why Choose Kreditbazar for Your Personal Loan for Salaried Employees?
Discover an array of incredible benefits that will bring you closer to your financial goals.
Quick and Easy Online Application
Apply for your Personal Loan for Salaried Employees online in just a few minutes! With instant approval options from our lending partners, the application process is fast, easy, and can be done from the comfort of your home or office.
Minimal Documentation for Faster Processing
Say goodbye to lengthy paperwork! Our lending partners require minimal documentation to process your Personal Loan for Salaried Employees, making the entire process quick and hassle-free.
Access to Multiple NBFCs
Gain access to industry-leading NBFCs and apply for a loan with them without negatively impacting your CIBIL score.
100% Online Process
Stop toiling around the town! Apply for a personal loan with our NBFC partners using an easy-to-use online portal without leaving your comfort zone.
Minimal Documentation
The required documents for applying for a personal loan with Kreditbazar are minimal and simple, saving you a lot of time and effort.
Competitive Interest Rate
Take advantage of the competitive interest rate, which is designed to make your loan more affordable and cost-effective in the long run.
Flexible Loan Tenure
You can choose the loan tenure that works best for you so that your repayment is completed smoothly — without feeling financially burdened.
Collateral-Free
A personal loan for the salaried employees can be obtained without pledging any assets as collateral, lowering the risk of losing your assets.
Super-Easy Process
Our streamlined digital portal makes it easy to process your personal loan with our NBFC partners. It only takes a few simple clicks and you can begin immediately.
Calculate Your Loan EMI for Salaried Employees
Use our simple EMI calculator to easily calculate your loan repayment for a Personal Loan for Salaried Employees.
Loan EMI
₹ 24,959
Total Interest Payable
₹ 34,90,279
Total Payment
(Principal + Interest)
₹ 59,90,279
Your monthly instalment:
₹888
Eligibility Criteria for Personal Loan for Salaried Employees
Ensure you meet the eligibility requirements for an online personal loan with instant approval options.
Age
The minimum age to apply for a personal loan for salaried employees is 21 years.
Income
The minimum monthly salary to apply for a loan is Rs.15,000 - must reflect in the bank statement.
Job Stability
To be eligible for a loan, you must have at least a year of job stability.
| Factor | Details |
|---|---|
| Nationality | Must be an Indian citizen. |
| Age | The minimum age to apply for a loan is 21 years. |
| Income | Minimum monthly salary - Rs.15,000 (Must reflect in bank statement). |
| Credit Score | Because we collaborate with multiple banks and NBFCs, even low CIBIL scores are acceptable. |
| Job Stability | A minimum of 1 year of job stability is required. |
| Debt-to-Income Ratio | Should ideally be under 40% of your net monthly income. |
Documents for Your Instant Personal Loan Application
Ensure you have the required documents ready to apply for your Personal Loan for Salaried Employees:
Proof of Identity
Driver's Licence, Pan Card, Aadhaar Card, Passport
Proof Of Income
Bank Statement, Income Tax Returns, Form 16, Salary Slip
Proof Of Residence
Utility Bills, Rent Agreement, Property Documents
Other Documents
Other employment proofs, like an issued ID from your employer or service certificate.
Fees for Personal Loans for Salaried Employees
Understand the fees involved before applying for an online personal loan with quick approval:
| Fee Type | Details |
|---|---|
| Interest Rate | Starts at 11% p.a. (on a reducing balance basis) for personal loans. |
| Processing Fee | Starts from 1% of the loan amount + GST for fast loan processing. |
| Loan Tenure | Flexible repayment options, ranging from 12 to 60 months for personal loans. |
| APR (Annual Percentage Rate) | Starts from 13% for personal loans with no collateral. |
| Bounce Charges | ₹500 + GST for each missed EMI payment. |
| Late Payment Fee | ₹500 + GST or 3% of the overdue amount, whichever is higher. |
| Stamp Duty | 0.1% of the total loan amount, based on state regulations. |
| Mandate Rejection Fee | ₹250 + GST for rejected mandates during loan processing. |
| Pre-Closure Fee | Nil—close your loan without any additional charges. |
Important Note: The fees may vary depending upon the policies of the bank/NBFC where your loan is approved and your profile. Please read your loan agreement to determine the exact fee structure associated with your loan.
FAQs about Personal loan for Salaried Employees
Find answers to common queries about Personal Loan for Salaried Employees, including eligibility, application process, fees, and more.
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How can I apply for a ₹8,00,000 personal loan for salaried employees?
You can apply online by completing the application form on the Kreditbazar website, which will connect you with our NBFC partners and assist you in applying for a personal loan for salaried employees.
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What is the minimum salary required for a personal loan for salaried employees?
The minimum salary required to qualify for a personal loan for salaried employees is ₹15,000 per month
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What is the maximum loan amount I can get as a salaried employee?
The maximum loan amount you can get as a salaried employee depends on your income, credit score, and the policies of the partnered NBFCs or banks.
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What documents are required to apply for a personal loan for salaried employees?
You will need proof of identity (Aadhaar, passport, or driving license), salary slips, bank statements for the last 6 months, and income tax returns or Form 16.
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Can I get a personal loan for salaried employees with a low credit score?
A credit score of 750 or above is typically required for the best loan terms. However, if your credit score is lower, you may still be eligible, but at higher interest rates or with additional requirements.
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Can I get a personal loan for salaried employees without a guarantor?
Yes, personal loans for salaried employees are usually unsecured, meaning you don't need a guarantor or collateral to secure the loan.
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What is the interest rate on personal loans for salaried employees?
The interest rate for personal loans for salaried employees typically starts at 10% to 12% p.a., depending on your credit score, income, and the lender's policies.
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What is the loan tenure for a personal loan for salaried employees?
Loan tenures typically range from 12 months to 72 months (6 years), depending on the loan amount and repayment capacity.
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Can I use a personal loan for salaried employees for any purpose?
Yes, personal loans are typically offered for any personal expenses, such as medical emergencies, travel, home renovation, or debt consolidation.
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What happens if I miss an EMI payment on my personal loan for salaried employees?
If you miss an EMI, you may incur a late payment fee, and your credit score may be negatively affected.
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Are there any processing fees for a personal loan for salaried employees?
Yes, most lenders charge a processing fee, which can range up to 3% of the loan amount, depending on the lender.
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What is the impact of my credit score on my personal loan for salaried employees?
A higher credit score increases your chances of loan approval and may help you get a lower interest rate on your personal loan.
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Can I avail a top-up loan on my existing personal loan for salaried employees?
Yes, many lenders offer top-up loans on existing personal loans for salaried employees, depending on your repayment history and eligibility.
