The documents required are:
- Filled-in personal loan application form.
- KYC documents (PAN Card, AADHAR and Voter ID)
- Form 16 and last 2 months salary slip (for salaried)
- Income proof/ IT Returns ( for self-employed)
- Last three months bank account statement of salary account/ current account (for self-employed)
Also, can I buy house with 10000 salary?
The minimum salary required to avail home loan from Karnataka Bank is ₹ 10,000. … The income criteria for self employed professionals or businessmen may vary in Karnataka Bank.
| ICICI Bank | 10.99 – 16.50% |
|---|---|
| HDFC Bank | 10.75 – 20.75% |
| Bajaj Finserv | 11.99% onwards |
| IndusInd Bank | 11.25% onwards |
| SBI | 9.60% – 15.05% |
Additionally, can I get loan with low income?
Some lenders and traditional financial institutions offer personal loans for low income applicants as long as the amount requested is small. Short-term loans. A short-term or payday loan offers small amounts of funds over a limited period of time, typically between 2 and 12 months.
Can I get loan without salary slip?
Can I get a personal loan without a salary slip? You can still apply for a personal loan without salary slip, especially if you’re self-employed. … You can insist your bank for an asset-back loan wherein you will have to pledge an asset if you don’t have a salary slip to produce.
Can I get personal loan if my salary is 12000?
If you earn a salary of less than Rs. 12,000, you may need to convince the lender about other sources of income that may help you cover your loan repayment. … After speaking to a Bajaj Finserv representative, you can may be able to get your personal loan approved.
Can I get personal loan if my salary is 13000?
You can get the loan without having to submit any security. Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan.
Can I get personal loan if my salary is 15000?
Income: In order to be eligible for a personal loan through a bank, you have to draw a minimum salary every month, which varies from bank to bank. But generally, if you are earning at least Rs. 15,000 every month, you will be eligible for a personal loan.
Can I get personal loan if my salary is 16000?
16,000 will qualify with certain lenders, some may not approve your loan application especially if you live in metro cities. You need to check with the respective lender about the details. The loan amount is purely decided by the lender based on your eligibility and credit profile.
Can I get personal loan if my salary is 25000?
The maximum amount you can get for a personal loan on 25000 salary will be Rs. 250000/-This again depends on your income, repayment capacity and credit score. … With a lower interest, the EMI will also be lower, and you will be able to get a higher loan amount.
How much loan can I get if my salary is 17000?
With a salary of ₹ 17,000, the maximum amount he is eligible for is ₹ 3.87 Lakh. The interest he has to pay for this amount for 48 months is 11.99%.
How much loan can I get if my salary is 25000?
25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)
What is the minimum salary to get personal loan?
The minimum salary for a personal loan for salaried individuals is INR 25,000 per Month (for residents of Mumbai and Delhi) or INR 20,000 per Month (for all other locations).
Which bank is best for personal loan low salary?
Best Personal Loans for Individuals with Low Salaries
| Bank | Interest Rate | Minimum Monthly Income |
|---|---|---|
| Axis Bank | 12% – 21% p.a. | Rs.15,000 |
| State Bank of India | 9.60% p.a. | Rs.15,000 |
| HDFC Bank | 10.75% – 21.30% p.a. | Rs.25,000 |
| HDB Financial Services | Up to 36% p.a. | Rs.15,000 for all locations and Rs.20,000 for metro cities |
Who is eligible for personal loan?
You have to be at least 21 years old when you apply for a loan, and a maximum of 65 years of age, at the time of loan maturity. Select your net monthly income (or yearly profit after tax if you are self-employed). Please note that this amount should be after all tax deductions.