Getting a personal loan for 15000 salary might be seen as impossible to get, but it will not affect the reason you need it. A loan might be for any reason, like medical bills, educational fees, or household expenses, etc., but the problem is, no one will be ready to give a personal loan for 15000 salary.
Yes, currently there are many NBFCs (non-banking financial companies) or fintech platforms willing to give personal loans with salaries less than 15,000 to individuals.
Why is a personal loan for 15000 salary important?
- Need of Funds in an Emergency: In a situation of urgent money required and savings are not enough, a personal loan is to help in covering expenses.
- No Need of Collateral: Due to the nature of personal loans being unsecured, there is no need to provide any security or mortgage assets as a guarantee for taking out a personal loan.
- Build Credit History: Repaying your existing loan EMIs at a fixed date builds credit history and perspective of the lender towards you and positively affects your CIBIL score.
- Ease of Access to Formal Credit: It enables the chance to get proper structured financial support for even personal loan for 15000 salary.
Is There Any Benefit of Personal Loan Salary Less Than 15000 is Important ?
- Quick Approval: There are some lenders who offer instant loan approval depending on the minimum document needed for Personal Loan Salary Less Than 15000.
- Small Loans: The person can get a personal loan as low as 2,000 to 50,000 based on your income level.
- Flexible Duration: Duration for loan repayment is dependent on the lender and can be provided for 3 to 24 months.
- Online Process: Many lenders provide online application options. There is no need to visit any branch of the lender.
- Improve Credit Access: Once a borrower proves he is capable of repaying a personal loan, it makes him more reliable in the lender’s records, which will help in getting a much larger loan.
Which feature is available in a personal loan for 15000 salary?
| Features | Details |
| Loan Amount | Rs 2,000 to Rs 50,000 (Vary on lender) |
| Interest Rate | 18% to 36% (Based on Profile) |
| Repayment Tenure | 3 to 24 months |
| Processing Time | Instance to 48 hrs |
| Processing Fee | 2% to 6% of Loan Amount |
| Collateral | Not Required |
| CIBIL Score | Low Score or No Credit History Accepted by some NBFCs |
Fee and Charges of Personal Loan 15000 Salary
| Type Of Charges | Amount |
| Interest Rate | 1.33% each month |
| Loan Processing Charges | 2% to 8% of approval loan |
| Penalty on Overdue EMIs | 24% p.a. + applicable tax |
| Loan Foreclosure Charges | NIL |
Top Platform For Personal Loan 15000 Salary
| Platform | Interest Rate | Loan Amount | Key Feature | Eligible |
| Paysense | 16% to 28% | 5,000 to 5,00,000 | Longer Duration upto 5 years | Minimum Income: 12,000 |
| Stashfin | 12% to 36% | 1,000 to 5,00,000 | Line of Credit Facility | Minimum Income: 10,000 |
| MoneyView | 16% to 36% | 5,000 to 5,00,000 | Instance Disbursal, Flexible Duration | Minimum Income: 13,500 |
| KreditBee | 18% to 30% | 1,000 to 2,00,000 | Instant Approval, Short Term Loan | Minimum Income: 10,000 |
| SmartCoin | 20% to 36% | 1,000 to 2,00,000 | Provide loan to gig workers also | Minimum Income: 9,000 |
| CASHe | 27% to 33% | 1,000 to 4,00,000 | No need of CIBIL score, digital KYC | Minimum Income: 12,000 |
| NIRA | 24% to 36% | 5,000 to 1,00,000 | Build Credit History, | Minimum Income: 12,000 |
Personal Loan : Aditya Birla Personal Loan Apply Online & Eligibility, Interest Rate
Eligibility Criteria for Personal Loan for 15000 Salary
✅ Age : 21 to 60 years
✅ Monthly Income : 9,000 to 15,000
✅ Employment Type : Salary (Private or Government)
✅ Bank Account : Regular Salary Credit
Documentation Needed for Personal Loan for 15000 Salary
- Aadhaar Card
- PAN Card
- Salary Slip or Bank Statement (last 3-6 months)
- Passport-size Photograph
- Address Proof
How to Apply for Personal Loan for 15000 Salary
- Choose the Right Lender: Look for NBFCs or lenders who are willing to provide personal loans for salaries less than 15000.
- Check Eligibility: Then check if you were eligible for a personal loan by the provided criteria above or mentioned in the website.
- Fill out the application form: If you are eligible, then fill in the details in the loan application form.
- Upload Documents: Submit all documents required mentioned above online.
- Loan Offer and Approval: If your loan application form is approved, then the lender first gives you a loan offer which contains loan details like interest rate, duration, EMIs, etc.
- Loan Disbursement: After accepting a loan offer, you will receive a loan amount in your bank account in under 24 to 48 hours.
