Personal Loan in Chennai - Upto to Rs ₹50 Lakhs starting @10.49%. (2023)

Chennai, also known as the “Detroit of South Asia”, is famous for its thriving automobile industry. It is also a cultural and educational hub of South India. Over the years, Chennai has swiftly progressed to being a fast-paced metropolis and boasts a large number of financial institutions and national-level commercial banks. If you are looking for simple and quick financing options in Chennai, a personal loan could be the ideal choice for you. Whatever your financial requirements may be, a personal loan can help fulfil your needs conveniently.

Banks and NBFCs are capitalising on the rapid financial growth of Chennai and expanding their businesses by giving out personal loans. What’s more, personal loans do not require any security or collateral, hence the approval process involves minimal documentation and the processing time is also less. Therefore, if you are in urgent need of funds, you can always apply for a personal loan at Bajaj Markets.

Personal Loan in Chennai Details

Loan Amount

Up to ₹50 Lakhs

Loan Tenure

12-60 months

Interest Rate

Starting from 10.49%

Processing Fee

0.5% - 2.50% of the loan amount

Foreclosure Charges

2% -3% of the outstanding loan amount

Penalty Charges

2% of the total loan due amount

**Disclaimer: The figures mentioned in this table are subject to constant change with the change in norms and policies of the lending institutions. Please check with the lender of your choice before applying.

Features & Benefits of a Personal Loan in Chennai

There are numerous benefits of getting a personal loan to finance your lifestyle needs or when you are in urgent need of funds in case of an emergency. Given below are some of the features and benefits of getting a personal loan in Chennai:

  • Minimal Documentation: These days, many banks and NBFCs are willing to grant personal loans with minimal documentation if you have a healthy credit profile.

  • Quick Disbursement: On successful approval of your loan application, most lenders would disburse the loan amount to your bank account within 24 hours.

  • Flexible Tenure: Most lenders allow you to repay your loan comfortably over a tenure of 12 to 60 months.

  • No Hidden Charges: There are no hidden charges involved if you apply for a personal loan at Bajaj Markets.

  • Swift Approval: All you need to do is fill in an online application form and upload the relevant documents. Your loan application will be approved instantly and the amount shall be disbursed within 24 hours of approval.

  • Online Loan Account: Get convenient access to your loan account anytime and anywhere with the Bajaj Markets customer portal.

Personal Loans Offered by Various Lenders in Chennai

Lending Institution

Interest Rate p.a


Loan Amount

Processing Fees

Bajaj Finance

13.5% onwards

12 - 60 months

Up to ₹25 Lakhs

1% of the loan amount

Axis Bank

10.49% onwards

12 - 60 months

Up to ₹40 Lakhs

Up to 2% of loan amount

PaySense Partners

14% onwards

03 - 48 months

₹5000 to ₹5 Lakhs

Up to 3% of the loan amount

Fibe (formerly known as EarlySalary)

14% p.a. onwards

03 - 24 months

Up to ₹5 Lakhs

Up to 3% of the loan amount


27% onwards

03 - 18 months

Up to ₹4 Lakhs

Ranges from flat ₹85 to 3% of the loan amount


12.24% onwards

Up to 24 months

₹1000 to ₹4 Lakhs

Ranges from ₹0 to 6% of the loan amount

Fullerton India

12% onwards

12 - 60 months

Up to ₹25 Lakhs

Ranges from 0% to 6% of the loan amount

Muthoot Finance

14.50% onwards

12 - 60 months

Up to ₹10 Lakhs

2% - 4% of the loan amount

YES Bank

10.49% onwards

12- 72 months

Up to ₹50 Lakhs

Up to 2% of loan amount


24% onwards

Up to 3 months

₹500 - ₹30,000

Ranges from flat ₹50 to ₹200


12.75% onwards

03 - 42 months

₹5000 to ₹5 Lakhs

Ranges from 2.50% - 4% of the loan amount


16% onwards

12 -60 months

₹75,000 to ₹15 Lakhs

2% - 4% of the loan amount

**Disclaimer: The figures mentioned in the above table are subject to constant change. Please check with the lender of your choice before applying.

(Video) Salary 16,000 पर कितना पर्सनल लोन मिल सकता है ? | Top Banks Personal Loan Interest Rate, Eligibility

When you get a personal loan in Chennai, banks and financial institutions offer an online personal loan EMI calculator where you can seamlessly calculate the value of your monthly instalments.

To calculate EMIs using an online EMI calculator, all you have to do is enter the loan amount, loan tenure, and interest rate. The EMI calculator will instantly display the EMI amount. Banks or financial institutions use the following formula to calculate the EMI:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


EMI is Equated Monthly Instalment,

P is the principal amount,

R is the monthly rate of interest, and

N is the loan repayment tenure (in months).

Eligibility Criteria for Personal Loan in Chennai

While personal loan eligibility criteria are different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are as under -

  • You must be an Indian citizen.

  • You must have a regular source of income. You can be either a salaried employee of a company or a self-employed individual.

  • You must be a legal adult- at least 18 years of age. Some lenders have a higher lower age limit- 21 years or 25 years. There is also an upper age limit- to be eligible for a personal loan- usually between 58 and 65 years.

Documentation Required to Apply for a Personal Loan in Chennai

You will need to furnish the following documents while applying for a personal loan in Chennai:

  • Identity Proof: Voter ID Card, Aadhaar Card, PAN Card, Passport etc.

  • Address Proof: Aadhaar Card, Driving Licence, Voter Card, Passport, utility bills, rent agreement, etc.

  • Proof of Income: Latest salary slips (usually the last three months’ salary slips are required) or income return certificate or latest Form 16.

How to Get a Personal Loan with a Reasonable Interest Rate in Chennai?

Here are some tips that will help you to get an unsecured personal loan in Chennai at the reasonable interest rate possible:

  • Financial Stability - If you have a stable and fixed income, it is easier for you to get personal loans in Chennai at competitive rates.

  • A Good Credit Score - A credit score shows the creditworthiness of an individual. If you have a high credit score, you can get a high loan amount at a reasonable interest rate without any hassles.

  • Zero Defaulter Record - If you have a good track record of timely payments and zero defaulter history, you will be generally preferred by lending institutions which will help you avail of a personal loan at reasonable interest rates.

  • Festive Offers - Banks and other financial institutions offer discounts on personal loan interest rates during festive seasons as a promotional activity. Applying for a personal loan in Chennai during the festive season can help you get comparatively lower interest rates.

How to Apply for a Personal Loan in Chennai

Applying for a personal loan in Chennai via Bajaj Markets is an easy and hassle-free process. All you need to do is follow the steps mentioned below:

  • Step 1: Visit the “Personal Loans” page on the Bajaj Markets website.

  • Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.

  • Step 3: Enter some basic details like your income, type of employment and contact number.

  • Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you the best.

Personal Loan Interest Rates of Top Banks/NBFCs in Chennai

Lending Institution

Interest Rate p.a.


Loan Amount

Processing Fees


10.49% - 25%

12-60 months

Up to ₹1 Crore

3.5% of the loan amount

IndusInd Bank

10.25% -26%

12-60 months

Up to ₹50 Lakhs

3% of the total loan amount


10.50% -25.00%

03-72 months

Up to ₹40 Lakhs

Up to ₹4999

Tata Capital

10.99% - 24%

12-72 months

Up to ₹35 Lakhs

2.75% of the loan amount

Ujjivan Small Finance Bank

11.49% - 16.49%

12-60 months

Up to ₹15 Lakhs

2% of the loan amount or ₹2,000 (whichever is higher)

**Disclaimer: The figures mentioned in the above table are subject to constant change. Please check with the lender of your choice before applying. Please note that the above-mentioned banks/NBFCs have not partnered with Bajaj Markets.

FAQs on Personal Loan in Chennai

  • ✔️What is the tenure range of personal loans?

    The tenure range of unsecured personal loans in Chennai is between 12 -60 months. You can select the loan tenure as per your financial goals.

  • ✔️Will the loan be disbursed at once or in stages?

    Once the loan amount is sanctioned by the lending institution, it will be disbursed at once into the loan account of the applicant.

  • ✔️Can I prepay a loan after a couple of months?

    As per the loan policies, you can initiate a prepayment of your loan only after six months from the disbursal date. You will also have to pay prepayment fees applicable to the outstanding loan amount.

  • ✔️Can I get tax benefits on personal loans in Chennai?

    The tax benefits on personal loans in Chennai depend upon the purpose of the loan amount utilised. Personal loan amounts utilised for education, house renovation, etc. can get you tax benefits under Section 80C of the IT act.

  • ✔️ Who can get a personal loan in Chennai?

    To avail of a personal loan in Chennai -

    • You must be a resident of India

    • You should be between 21 to 58 years of age

    • You should hold an undergraduate degree in any domain along with a stable source of income

  • ✔️How long does it take to get a personal loan in Chennai?

    For a personal loan in Chennai, the approval and fund disbursal process of applications with a good CIBIL score and verified information can take between a few days to a few weeks.


How much personal loan can I get on 50000 salary in India? ›

If you meet the eligibility criteria required for Personal Loan of up to ₹50,000 salary, you will be able to get a high loan amount of up to ₹30 Lakh at attractive interest rates.

What is the EMI of 50 lakh rupees? ›

₹50 Lakh Home Loan EMI Details
Loan Amount (₹)Interest Rate (p.a.)EMI
₹ 50,00,0008.45%₹ 1,02,462
₹ 50,00,0008.45%₹ 61,859
₹ 50,00,0008.45%₹ 49,091
₹ 50,00,0008.45%₹ 43,233
1 more row

How much personal loan can I get on $50000 salary? ›

If you are wondering how much loan you can get on a $50,000 salary, the answer depends on a number of factors. But, in general, you can expect to borrow between $100,000 and $250,000. The exact amount will depend on your credit score, debt-to-income ratio, employment history, and other factors.

What is the EMI for 10 lakh personal loan? ›

₹10 Lakh Personal Loan EMI for up to 5 Years
TenureApproximate EMI at 10% interest rate
2 years₹46,145/month
3 years₹32,267/month
4 years₹25,363/month
5 years₹21,247/month

What do I need to qualify for a 50000 loan? ›

You will likely need a minimum credit score of 660 for a $50,000 personal loan. Most lenders that offer personal loans of $50,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.

What is the maximum limit of personal loan in India? ›

3. How Much Personal Loan Can I get In India?
NameInterest Rate (p.a.)Loan Amount (Rs.)
Kotak Mahindra Bank10.50% onwardsUp to 30 lakh
Federal Bank10.49% onwardsUp to 25 lakh
ICICI Bank10.50% onwards50,000 to 25 lakh
28 more rows

What is the interest of 50 lakhs in SBI? ›

50 Lakh Home Loan Interest Rates
Top BanksInterest RateLoan tenure
SBI9.15% - 9.65%30 Years
Kotak Mahindra Bank8.85% - 9.40%30 Years
PNB Housing Finance8.75% - 11.15%30 Years
HSBC8.60% - 8.85%30 Years
4 more rows

What will be the EMI for 55 lakhs? ›

EMI for Rs. 55 lakh home loan for 30 years
Home Loan AmountRs. 55 lakh
Interest rate8.50%* p.a.
Tenor30 Years
EMIRs. 42,681

What is 7.5 interest rate for 50 lakhs? ›

Rs 50 lakh home loan EMI for 20 years at interest rate of 7.5% has a monthly EMI of Rs 40,280. This means that the total interest paid is Rs 47 lac during the full loan tenure without any prepayments. Rs 50 lakh home loan EMI for 15 years at interest rate of 7.5% has a monthly EMI of Rs 46,351.

Do you need collateral for a 50k loan? ›

It's a debt: A $50,000 personal loan is still a debt you need to repay. You may need collateral: Although many lenders don't require collateral for personal loans, some do. If the personal loan is secured, you would need to use an asset as collateral to get a loan.

Is it hard to get a 50000 loan? ›

To qualify for a large personal loan, you'll likely need to have good-to-excellent credit. To secure a $50,000 loan, you should aim for a minimum credit score of at least 670. While some lenders will offer loans to borrowers with a lower credit score, you'll likely pay higher interest rates.

How much is a $50000 loan payment for 7 years? ›

But if you take out a $50,000 loan for seven years with an APR of 4%, your monthly payment will be $683. Almost all personal loans offer payoff periods that fall between one and seven years, so those periods serve as the minimum and maximum in our calculations.

Can I get a loan with 10%? ›

A low deposit home loan lets you borrow more than 80% of a property's value. This means if you have a 10% deposit you can borrow the rest as long as you meet the Lenders borrowing criteria. When borrowing more than 80% of the property's value you will usually have to pay Lenders Mortgage Insurance (LMI).

Is 12% personal loan good? ›

A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit) 580 to 669: Around 18% (look for loans for fair credit)

What is the interest of 10 lakh in SBI personal loan? ›

What is the monthly EMI for a 10 lakhs SBI personal loan?
Loan AmountROI 9.60% (36 Months EMI)ROI 13.60% (60 Months EMI)
INR 8 LakhsINR 25,664 p.m.INR 18,449 p.m.
INR 9 LakhsINR 28,872 p.mINR 20,755 p.m.
INR 10 LakhsINR 32,080 p.m.INR 23,061 p.m.

How much income do you need to qualify for a 500000 loan? ›

A $500,000 home, with a 5% interest rate for 30 years and $25,000 (5%) down will require an annual income of $124,192.

How much can you borrow with a 700 credit score? ›

The average credit limit for those with a 700 credit score is right around $4,500. However, if you were to pull out a 700 credit score personal loan, you should be able to access more money than you would with just a credit card.

Does Bank of America give personal loans? ›

Unlike many banks, Bank of America does not offer personal loans. It has quite a few credit card options — and a small loan for unexpected expenses — but you will need to look elsewhere if you want to borrow a large personal loan.

How banks calculate personal loan eligibility in India? ›

Loan Eligibility = (Your Salary) x (a number from 9 to 18) Banks give a basic multiplier that ranges from 9 to 18 depending upon your credit profile and the company at which you are employed.

How much loan is too much in India? ›

Lenders feel comfortable when your DTI is less than 40%. What this means is that when you add up all your monthly loan payments – credit card dues, house loan EMI, car loan EMI etc. – it should not be more than 40% of your income.

How to calculate personal loan eligibility? ›

Personal Loan Eligibility
  1. Individuals age between 21 to 60 years. ...
  2. Minimum monthly income for applicants from Delhi and Mumbai should be ₹25,000. ...
  3. CIBIL score must be 750 or above.
  4. The EMI of their loan cannot be more than 60%-70% of their monthly income.

How much interest can I get on 40 lakhs? ›

₹40 Lakh Home Loan EMI for 30 Years
Loan Amount₹ 40,00,000
Rate of Interest8.45% p.a.
EMI₹ 30,615
Total Interest₹ 70,21,368
Total Repayment₹ 1,10,21,368

What is the interest of 40 lakh in SBI? ›

40 Lakh Home Loan Yearly Calculated Values on the Basis of 8.70% Rate of Interest
BanksInterest Rates
SBI9.15% - 10.15%
HDFC Ltd8.65% - 9.35%
ICICI Bank8.75% - 9.80%
LIC Housing Finance8.65% - 10.25%
5 more rows

How to make 50 lakhs in 5 years? ›

One strategy that can help you reach this goal is to invest in a mix of different assets, such as stocks, bonds, mutual funds, and real estate. This diversification helps to spread out the risk and increase the chances of achieving your desired returns.

What is the EMI for 1 crore for 30 years? ›

Rs. 76,891

What is the EMI of 5 crore? ›

Rs. 5 Crore Home Loan EMIs for different Tenors
Loan Amount (In Rs)TenorEMIs (In Rs.)
5 Crore30 years388,006
5 Crore25 years405,989
5 Crore20 years437,081
5 Crore15 years495,305
1 more row

What will be the EMI for 60 lakhs? ›

EMI Calculations for a Home Loan of ₹60 Lakhs with Varying Tenures
Loan Amount (₹)Interest Rate (p.a.)EMI
₹60 Lakhs9% per annum₹48,277
₹60 Lakhs9% per annum₹53,984
₹60 Lakhs9% per annum₹60,856
₹60 Lakhs9% per annum₹76,005

Where to invest 50 lakhs? ›

If you have Rs. 50 lakhs to invest and want higher returns on it, an equity fund would be your best option. However, this is only for aggressive investors who are not afraid of the risks involved. On the other hand, if you want to play safe, a fixed deposit or a post office scheme would be more beneficial for you.

What is a 12% interest? ›

12% interest is equal to one rupee. Interest is calculated at a monthly rate of one rupee on the principal amount. For instance, if someone borrows Rs 100 at a Rs 1 interest rate, they will need to pay Rs 1 in interest each month. Therefore, he is required to pay 12 rupees annually.

Which bank gives highest interest? ›

Among scheduled private sector banks, SBM Bank offers the best FD interest rates of up to 8.40% p.a for a tenure of 2 years 3 days. Among scheduled public sector banks, the highest FD rate is offered by the Punjab & Sind Bank of up to 7.35% p.a. for a tenure of 555 days.

What is the easiest loan to get approved for? ›

The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're available to people with bad credit.

What is the largest unsecured loan I can get? ›

Better yet, they're unsecured loans, which means you don't have to put up collateral to borrow. Although borrowers can take out a personal loan for a variety of reasons, the maximum loan amount available from most lenders is $100,000 or less.

Which bank gives loan without collateral? ›

HDFC Bank offers loans up to Rs 40 lakh. Since Personal Loans are unsecured (without collateral or security) loans, banks will look at your income, cash flows, strength or stability of your business or employment to make sure you are able to repay the loan.

What is the average monthly payment on a 50k loan? ›

How much would a monthly payment be on a $50,000 personal loan? If you take a $50,000 personal loan at a 6.99% interest rate and a 12-year repayment term your monthly payment should be around $462. If you take the full 12 years to repay the loan you should pay about $16,556 in interest.

How much personal loan can I get on my salary? ›

What Is A Common Range For Personal Loan Amounts? In general, most lenders allow borrowers to take out $1,000 – $50,000. The amount you're approved for, however, can depend on certain factors in your finances. Rocket LoansSM offers personal loans from $2,000 – $45,000.

Is it hard to get 100k personal loan? ›

Check Your Credit Score

Large loans are typically more difficult to qualify for than those with smaller limits. To qualify for a $100,000 personal loan, you should have a score of at least 720, though a score of 750 or above is ideal.

What is the monthly payment on a $100000 loan at 7%? ›

At a 7.00% fixed interest rate, a 30-year $100,000 mortgage may cost you around $665 per month, while a 15-year mortgage has a monthly payment of around $899.

What are payments on $100,000 for 15 years? ›

Amortization schedule on a $100,000 mortgage
YearBeginning balanceMonthly payment
26 more rows
Mar 17, 2023

What car can I afford with a 100k salary? ›

How much car can I afford based on salary?
Annual salary (pre-tax)Estimated monthly car payment should not exceed
$75,000$625 per month
$100,000$833 per month
$125,000$1,042 per month
$150,000$1,250 per month
2 more rows
Apr 4, 2023

Can I borrow more than 80%? ›

An LVR over 80% means there's a higher risk that the bank wouldn't recover the full loan amount, you'll likely need to pay Lenders Mortgage Insurance (LMI) to offset the higher risk to the bank.

What loan requires 10% down? ›

A California Jumbo Loan, otherwise known as a California 10% Down Payment Jumbo Loan is a loan that's above the conventional loan limits. This limit is set by Fannie Mae and Freddie Mac, who purchase loans from lenders.

How big of a personal loan can you get without collateral? ›

An unsecured personal loan is a loan from an online lender, a bank or a credit union that doesn't require collateral to guarantee the loan. Loan amounts range from $1,000 to $100,000 and are paid back monthly in terms typically ranging from two to seven years.

What is one huge disadvantage of a personal loan? ›

Personal loans may come with fees and penalties that can drive up the cost of borrowing. Some loans come with origination fees of 1 percent to 6 percent of the loan amount. The fees, which cover loan processing, can either be rolled into the loan or subtracted from the amount disbursed to the borrower.

How much credit score is good for personal loan? ›

No lender specifies a minimum CIBIL score requirement for a personal loan application. However, a score of 750 and above is preferred by lenders for loan applications. This score reflects the creditworthiness of the borrower and the chances of lenders approving the loan application with this score increases.

What is a good credit score? ›

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

What is the limit of SBI personal loan? ›

SBI Personal Loan is offered @ 11% p.a. onwards for loan amount of up to Rs 20 lakh and tenure of up to 6 years. SBI also offers pension loan of up to Rs 14 lakh for tenure of up to 7 years. It also offers pre-approved personal loan with instant loan disbursal. Apply Now!

What is the EMI for 10 lakh personal loan for 5 years? ›

₹10 Lakh Personal Loan EMI for up to 5 Years
TenureApproximate EMI at 10% interest rate
2 years₹46,145/month
3 years₹32,267/month
4 years₹25,363/month
5 years₹21,247/month

Which bank has low interest rate for personal loan? ›

10 Lowest And Cheapest Personal Loans In India
BankRate of Interest (p.a.)Loan Amount (Rs.)
Punjab National BankStarts from 8.95%25,000 to 15 lakhs
Indian BankStarts from 9.05%As per the applicant's profile
Bank of IndiaStarts from 9.35%Up to 10 lakhs
IDBI BankStarts from 9.50%25,000 to 5 lakhs
6 more rows

Is 50K per month a good salary in India? ›

50k is not fresher salary. If you're getting that congrats. You're in top 10% of the country if you make 1L a month. People survive on 15k also – lifestyles change.

How much loan can I get on 70000 salary in India? ›

Generally, most banks furnish loans anywhere around 50-60 times the monthly salary of the potential borrower."

Is it hard to get a $50,000 personal loan? ›

For a loan of 50K, lenders usually want the borrower to have a minimum credit score of 650 but will sometimes consider a credit score of 600 or a bit lower. For a loan of 50K or more, a poor credit score is anything below 600 and you might find it difficult to get an unsecured personal loan.

What is the minimum salary for personal loan in India? ›

What is the minimum salary required to get a personal loan? The minimum salary fixed by most lenders is Rs. 20,000 while a few private-sector lenders may give you a personal loan even with a salary of Rs. 15,000.

What salary is considered rich in India per month? ›

For a person who earns 20lakhs per annum with an asset of 1 crore might be rich from the view point of one who earns less than that. Whereas, for this person who is capable enough to possess assets worth ₹ 1 crore will consider the other one who owns assets worth more than this figure to be "rich".

What is decent salary in India? ›

As of 2022, the average salary in India is around Rs. 5.7 lakh per annum (INR 47500 per month). However, this can vary greatly depending on various factors, such as industry, job type, location, and experience.

Is 70000 per month a good salary in India? ›

The average Indian salary ranges between 2,250 and ₹70,000 per month for an unskilled worker under the MWA, while the median salary in India or what half the population earns, is just 377.82 USD or ₹29,400 per month (pm) with some industries paying high salaries in India as compared to others.

How much loan can you get with 100K salary? ›

A 100K salary means you can afford a $350,000 to $500,000 house, assuming you stick with the 28% rule that most experts recommend.

How much house can I afford on a 120k salary? ›

If you make $50,000 a year, your total yearly housing costs should ideally be no more than $14,000, or $1,167 a month. If you make $120,000 a year, you can go up to $33,600 a year, or $2,800 a month—as long as your other debts don't push you beyond the 36 percent mark.

How much loan can I get on 80000? ›

Hence, on a monthly net salary of Rs 80,000, a home loan of Rs 48-60 lakh is likely to be approved.

Do you need collateral for 50k loan? ›

You can use a $50,000 personal loan to renovate your home, pay for medical or emergency expenses, start a business, finance large purchases or even consolidate debts. You don't need collateral: Lenders typically offer unsecured personal loans, so you don't have to risk assets.

What is considered a high rate for a personal loan? ›

740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit) 580 to 669: Around 18% (look for loans for fair credit)

How much credit score is required for personal loan in India? ›

Minimum CIBIL score for a personal loan

Typically, the higher your CIBIL score, the better. However, the minimum CIBIL score for quick unsecured personal loan approval is 750. It indicates that you have experience managing credit responsibly and will make payments on time.

Which bank is best for personal loan low salary? ›

Banks/NBFCs having minimum salary requirement of above Rs. 10,000 & up to Rs. 15,000
LendersInterest RatesMin. Salary Required
SBI11.00%-15.00% p.a.Rs. 15,000
Axis Bank10.49% p.a. onwardsRs. 15,000
Tata Capital10.99% p.a. onwardsRs. 15,000
CasheStarting from 2.25% p.m.Rs. 15,000
2 more rows


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