Personal Loan on 1 Lakh Monthly Salary
Get a Personal Loan on Salary of ₹1 Lakh with Quick Approval
Poonawalla Fincorp’s Personal Loan on salary of ₹1 Lakh are curated for salaried individuals to meet their financial requirements. Our feature-rich Personal Loan helps you tackle any emergency expenses or invest in big-ticket items. With our Personal loan, you can enjoy benefits such as no end-use restrictions, no collateral requirements, etc.
If you fulfil the required eligibility criteria for Personal Loan on salary of ₹1 Lakh, you will be able to get approval on your loan application instantly. Our loan application process is fully digital and seamless, and you can apply for a Personal Loan from any remote location with convenience and ease.
₹1 Lakh Salary Personal Loan EMI Calculator
-
EMI Amount = *
₹1 Lakh Salary Personal Loan Interest Rates & Charges
You can get a Personal Loan on salary of ₹1 Lakh at attractive interest rates. Our competitive interest rate ensures that it doesn’t increase your cost of borrowing and you enjoy a seamless loan journey.
However, please note that the interest rate offered to you will depend on other factors including your CIBIL score, loan tenure, and loan amount.
| Personal Loan for ₹1 Lakh salary interest rates | Starting from 9.99%* p.a. |
| Loan amount | Up to ₹50 Lakh |
| Salaried loan tenure | 12-84 months |
| Pre-payment/foreclosure charges | 0%* If paid from own sources & 4% If paid from other sources |
| Loan Processing Fees | Up to 3% |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Default Interest | 2% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
₹1 Lakh Salary Personal Loan EMI for up to 5 Years
Getting a Personal Loan on salary of ₹1 Lakh from Poonawalla Fincorp is a seamless and hassle-free process. You can choose a flexible loan tenure that ranges between 1-7 years. To plan your monthly payments in a better way, you can use our user-friendly online EMI calculator.
The table below shows the EMI amount you will have to pay if you wish to avail of a Personal Loan of up to ₹1 Lakh for 2, 3, and 5 years.
| Tenure | Approximate EMI at 9.99% Interest Rate |
| 2 years | ₹4,614/month |
| 3 years | ₹3,226/month |
| 5 years | ₹2,124/month |
Eligibility Criteria to get Personal Loan of ₹1 Lakh Salary
The eligibility criteria for Personal Loan on salary of ₹1 Lakh is easy to fulfil. You just have to fulfil minimal requirements to get instant approval for your Personal Loan. Below are the eligibility criteria for Personal Loan for Salaried Employees.
Age
Citizenship
Employment
Work experience
Monthly income
- Age- The minimum age of the applicant should be 21 years and the maximum age of the applicant should be 60 years.
- Citizenship- The applicant should be an Indian citizen.
- Employment- The applicant must have a full-time job at one of the following: Central Govt., PSU, MNC, Listed, Unlisted Public Ltd., Pvt. Ltd., LLP or companies that are listed internally.
- Work experience- The applicant must have a job experience of at least 1 years with at least 1 months of stable employment at the current organization
- Monthly income- The applicant must have a net monthly take-home salary of minimum ₹30,000
Documents Required for ₹1 Lakh Salary Personal Loan
Since our Personal Loan application process is fully digital, you only have to submit soft copies of the required documents. You don’t have to gather hefty paperwork to be eligible for a Personal Loan on salary of ₹1 Lakh.
Here are the documents required for Personal Loan.
-
KYC documents
-
Address proof
-
Income documents
-
Financial documents
-
Employment proof
- KYC documents - PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Address proof - Rent agreement/ utility bills
- Income documents - Latest salary slips for the last 3 months
- Financial documents - Salary credit bank statement for the last 6 months
- Employment proof - Official mail ID confirmation/ Emp ID card
Features & Benefits of ₹1 Lakh Salary Personal Loan
Our Personal Loans for Salaried Employees come with exciting features and benefits to make your loan journey easier. We offer competitive interest rates to facilitate affordability and convenience.
Personal Loans for Salaried Employees are unsecured loans, so there is no need to submit collateral as security. We offer flexible repayment tenure, and you can apply for the loan online. We only require minimal documentation to approve your loan request.
We do not levy any charges if you wish to foreclose your loan. To plan a better repayment strategy, use an online EMI calculator to calculate your monthly payments.
How to Apply for ₹1 Lakh Salary Personal Loan
Applying for Poonawalla Fincorp’s Personal Loan on salary of ₹1 Lakh is an easy process as our fully digital loan application. Just follow these simple steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Apply for ₹1 Lakh Salary Personal Loan within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions on ₹1 Lakh Salary Personal Loan
The loan amount can be higher or lower, depending on your monthly income and other factors. Poonawalla Fincorp offers Personal Loans up to ₹50 Lakh. You can check out the eligibility criteria for our ₹1 Lakh Personal Loan to determine your loan eligibility.
Yes. Personal Loans are unsecured financial products. Hence, you don’t have to submit collateral to avail of these loans.
Poonawalla Fincorp offers a maximum Personal Loan of up to ₹50 Lakh. However, the actual loan applicable to you is decided based on your income level, credit score, documentation readiness, etc. Kindly check your loan eligibility here.
Our Personal Loans come with a flexible repayment tenure. You can choose a tenure that ranges between 12 and 84 months.
To get a Personal Loan on ₹1 Lakh salary, you must have a credit score above 750. This will improve your chances of instant loan approval.
Kindly check our eligibility criteria and documents required for Personal Loans for Salaried Employees. We only require minimal documentation for our online loan application.
*Terms & Conditions Apply
