Although a personal loan is easy to avail and so many banking and non-banking financial organizations provide you a personal loan. Besides that, there are some factors that affect your eligibility to get a personal loan like age, income, credit score, etc. Most of banks require a minimum monthly salary of Rs 20000. But what if you need a personal loan and your salary is below Rs. 20000? There is no need to worry. There are some financial organizations that allow you to get a personal loan even if your income is less than the personal loan eligibility criteria.
Fullerton India is a non-banking financial organization that provides you different kinds of loans including personal loan too. So this non-banking financial company lets you avail of personal loan even if your monthly income is less than Rs 20000. But your salary should be a minimum of Rs. 15000 to get a loan up to Rs 1 lakh. A rate of interest starts from 31.50%. There is a processing fee of around 1.5%-2.5% of the total amount of loan sanctioned. This company also offers the facility of pre-closure.
Click to know more about loan offers from Fullerton India: Fullerton India Personal Loan
HDFC Bank is a well-reputed bank in India. This private bank also allows loan to applicants with salary less than Rs 20000 per month but it should be a minimum of Rs 15000 per month. Generally, the interest rate is high.
Click to know more about personal loan offered by HDFC Bank: HDFC Bank Personal Loan
ICICI Bank also provides you a personal loan even if your income is Rs. 17,500. But this condition is not valid if you are living in Delhi, Mumbai, Chennai, Hyderabad, Bangalore, Pune, and Kolkata. Your age should be more than 23 years. Approval of the loan majorly depends upon your credit score in such a case.
Click to know more about personal loan offered by ICICI Bank: ICICI Bank Personal Loan
How to apply for Personal Loan?
- To apply for a personal loan, visit our website DialaBank.
- Click on personal loan in the loan section and fill in all the necessary details.
- After that, our executives will contact you and provide you with the best deal for you.
Other Major Banks Providing Personal Loan:
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Special Note: An individual must examine the whole EMI amount payable to the lender with the Personal loan EMI calculator.