Documents and eligibility criteria play a significant role in the speedy approval of loans. Before applying for a personal loan online, keep all your personal and income documents handy to avail easy instant loan:
KYC documents inclusive of ID proof with photograph and address proof (Aadhar card/ Smart Card Driving license/ Utility bill)
- PAN card to verify the financial history and credit history of the borrower
- Six months bank statement reflecting salary history and regular financial transactions
- Borrowers should be in an age group between 21 - 58 years
- Minimum income should be at least Rs. 15,000 monthly or above (for salaried or self-employed)
However, the income criteria may vary from lender to lender. Your loan eligibility is calculated based on the ratio of your fixed obligations to your monthly income.
HeroFinCorp is a reliable personal loan app helping individuals to get an instant loan with a minimum salary of Rs.15,000 per month. Both salaried and self-employed applicants having a minimum income of Rs.15,000 are eligible for an instant personal loan between 50,000 to 1.5 lakhs via HeroFinCorp.
Besides the bank statement, a PAN card is also a mandatory document that reflects the financial history of the borrower and gives lenders an idea of their repayment ability. With the borrower’s clearly defining their monthly salary, a loan approval is quick as the documentation is minimal and repayment is hassle-free in manageable EMIs.
To know more about HeroFinCorp eligibility, click here
Q. Can I apply for a personal loan online if my salary is 15,000?
A. Yes, you can apply online for a personal loan with a 15,000 salary. HeroFinCorp offer online applications, but approval depends on their individual income and eligibility criteria, which vary.