Personal Loan for 1 Lakh Salary

Personal Loan on ₹1 Lakh Monthly Salary

Starting at 9.99%* per annum

Minimal Documentation | Quick Approval | 100% Digital Process

Poonawalla Fincorp’s Personal Loans of up to ₹1 Lakh are curated for salaried individuals to help them achieve their financial goals. Our feature-rich Personal Loan products can be a great fit for you if you want to cover emergency expenses or invest in big-ticket items. These loans come with no end-use restrictions and are collateral-free. Hence, you don’t have to worry about submitting collateral with us.

If you fulfil the eligibility criteria required for Personal Loan of up to ₹1 Lakh, you will be able to get approval on your loan application almost instantly. Our loan application process is fully digital and seamless, and you can apply for a Personal Loan from any given place with convenience and ease.


You can get a Personal Loan of up to for ₹1 Lakh at attractive interest rates. Our interest rates are one of the most competitive in the market, ensuring that you don’t increase your cost of borrowing and enjoy a seamless loan journey.

However, please note that the interest rate offered to you will depend on other factors including your bureau score, loan tenure, and loan amount.

Personal Loan for ₹1 Lakh salary interest rates Starting from 9.99%* p.a.
Loan amount Up to ₹30 Lakh
Salaried loan tenure 12-60 months
Pre-payment/foreclosure charges 0%* If paid from own sources
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Late Payment Charges 2% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Getting a Personal Loan on up to ₹1 Lakh from Poonawalla Fincorp is a seamless and hassle-free process. You can choose a flexible loan tenure that ranges between 1-5 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

The eligibility criteria for Personal Loan of up to ₹1 Lakh is easy to fulfil. You just have to fulfil minimal requirements to get an instant approval for your Personal Loan. Below are the eligibility criteria for Personal Loan for Salaried Employees.

Age Requirement


Citizenship Status


Employment Required


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Work experience

Monthly Salary Required

Monthly income

  • Age- The minimum age of the applicant should be 24 years and the maximum age of the applicant should be 57 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

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 Personal Loan of up to ₹1 Lakh.

Here are the documents required for Personal Loan.

  • KYC Documents

    KYC documents

  • Income Proof

    Current address proof

  • Address Proof

    Income proof

  • Proof of Employment

    Financial documents

  • Address Proof

    Employment proof

  • KYC documents - Aadhaar card/PAN card/ Passport
  • Address proof - Rent agreement/ utility bills
  • Income documents - Latest salary slips
  • Financial documents - Salary credit bank statement for the last 6 months
  • Employment proof - Official mail ID confirmation/ Emp ID card

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.

Applying for Poonawalla Fincorp’s Personal Loan of up to ₹1 Lakh is an easy process as our loan application is fully digital. Just follow these simple steps:

  • Step 1: Visit our official website
  • Step 2: Go to the dedicated page for Personal Loans
  • Step 3: Read the eligibility criteria and documents required
  • Step 4: Click on ‘Apply Now’
  • Step 5: Fill the application form and upload the supporting documents
  • Step 6: Wait for document verification and confirmation
  • Step 7: Await approval
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Apply Online

Click on Apply Now and fill in the complete application.

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Quick approvals

Personal Details

Enter your DOB, qualification and residential details

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Application Verification


Application will then proceed for verification and assessment

How much loan can I get on ₹1 Lakh salary?

Depending on your monthly income, the loan amount can be higher or lower. Poonawalla Fincorp offers Personal Loans up to ₹30 Lakh. You can check out the eligibility criteria for our ₹1 Lakh Personal Loan to determine your loan eligibility.

Can I get a Personal Loan on a ₹1 Lakh without collateral?

Yes. Personal Loans are unsecured financial products. Hence, you don’t have to submit collateral to avail of these loans.

What is the maximum loan amount offered for a salary of Rs. ₹1 Lakh?

Poonawalla Fincorp offers a maximum Personal Loan of up to ₹30 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.

What is the maximum tenure that will be available for a Personal Loan?

Our Personal Loans come with a flexible repayment tenure. You can choose a tenure that ranges between 12 and 60 months.

What kind of credit do you need for a ₹1 Lakh loan?

To get a Personal Loan on ₹1 Lakh salary, you must have a credit score above 700. This will improve your chances of getting fast approval for your loan application.

What do you need to get a personal loan on ₹1 Lakh Salary?

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

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