High Loan Amount
For salaried individuals earning Rs 15,000 monthly, our personal loan offers up to Rs 5,00,000, helping you meet your financial goals effortlessly.
Personal Loan for 15000 Salary
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval in 10 Minutes
Calculate Your Personal Loan EMI
Get Instant Personal Loan for Rs 15,000 Salary
Need a quick financial boost for an unexpected expense or a big dream? Hero FinCorp offers hassle-free Personal Loans for those with a Rs 15,000 salary. So, if your salary is Rs 15,000 per month, you can get an instant loan of Rs 5 Lakh. Embark on your financial journey with Hero FinCorp's Instant Personal Loan. Experience instant loan processing, minimum documentation, and quick disbursal to meet your diverse financial needs.
EMI on a Personal Loan for Rs 15,000 Salary for Tenures of 12-36 Months
Taking a loan of Rs 50,000 at a 19%* per annum interest rate might make you think about what your actual EMI would be. Well, with a personal loan emi calculator, you will get an idea of what your repayments would look like. For instance, a shorter tenure of 12 months leads to a higher EMI of Rs 4,608, while a longer tenure of 36 months brings down the EMI to Rs 1,833. This makes choosing the suitable tenure crucial for balancing affordability and repayment speed. Here's a detailed view:
| Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 50,000 | 12 | 19% | 4,608 | 5,294 | 55,294 |
| 50,000 | 18 | 19% | 3,214 | 7,855 | 57,855 |
| 50,000 | 24 | 19% | 2,520 | 10,490 | 60,490 |
| 50,000 | 30 | 19% | 2,107 | 13,199 | 63,199 |
| 50,000 | 36 | 19% | 1,833 | 15,981 | 65,981 |
Features and Benefits for Personal Loan On Rs 15,000 Salary
The Rs 15K criteria for our salaried applicants come with various features and benefits. This includes a high loan amount (up to Rs 5 Lakh), flexible repayment tenures (12-36 months), and more:
Attractive Interest Rate
Our loan interest rates are competitive, making our Personal Loan available to anyone.
Collateral-Free
Our personal loans are collateral-free, requiring no security, making the process faster, simpler, and hassle-free.
Flexible Repayment Tenure
Our personal loans offer flexible repayment tenures from 12 to 36 months, allowing you to choose a plan that fits your finances.
Instant Approval and Disbursal
Our personal loans offer instant approval and disbursal, with funds credited within hours, helping you handle urgent expenses effortlessly.
Eligibility Criteria for Personal Loan for Rs 15,000 Salary
Our Personal Loan is designed to meet the financial needs of Rs 15,000 salaried individuals. To be eligible for the loan, you need to meet certain criteria. Here are the eligibility criteria for our personal loan:
Age
Applicant should be between 21-58 years
Citizenship
You should be a citizen of India
Work Experience
A minimum of six months of work experience is required for eligibility
Monthly Income
Applicant should at least earn a minimum amount of Rs 15,000 monthly
List of Documents Required to Get Loan on 15K Salary
At Hero FinCorp, we offer a personal loan for salaried individuals with a monthly income of Rs 15k. To apply for the loan, you need to submit certain documents. We have different documentation requirements for salaried and self-employed individuals. Here is an overview of the documents required for a personal loan:
Identity Proof
Driving licence, passport, PAN card, or Aadhaar card
Address Proof
Driving licence, passport, Aadhaar card, ration card, or utility bill
Ownership Proof
Residence ownership proof like electricity bills or property documents
Income Proof
Last six months' salary slips, previous six months' salary account statement, Form 16, and job continuity proof.
Interest Rates and Charges on Loan for Rs 15,000 Salary
We offer competitive personal loan interest rates starting from 1.58% per month, making our loan more manageable and accessible. The processing fee ranges between 2.5% and 3.5%, depending on the loan amount and repayment tenure. While there are no prepayment charges, a foreclosure charge of 5% + GST applies. Additionally, our EMI bounce charges are Rs 350/- per instance.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply for a Rs 15,000 Salary Personal Loan?
Applying for a Personal Loan with us is simple and hassle-free. Here are the steps to apply for our instant loan online.
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the personal loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
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Frequently Asked Questions
Use an EMI calculator online and input the loan amount, interest rate, and tenure to calculate the EMI.
Depending on your credit score, DTI and age, you can avail a personal loan of Rs 5 Lakh from Hero FinCorp.
Yes, you can get a loan with no credit history at a salary of Rs 15,000, but you may get a lower amount loan or at a higher interest rate.
The minimum salary for a Personal Loan ranges from Rs. 15,000 and more depending on the lender’s policies.
You can avail a Personal Loan even if you have a monthly income of Rs 15,000 at Hero FinCorp.
The maximum amount of loan that you can avail against a salary of Rs 15,000 would be based on a number of factors that include your age, credit score and debt-to-income (DTI) ratio. You can avail a Personal Loan of up to Rs 5 Lakh online without collateral at Hero FinCorp.
Yes, at Hero FinCorp, the minimum income requirement for self-employed applicants to obtain a Personal Loan is Rs 15,000.
Yes, a good credit score is necessary to obtain a Personal Loan. However, you might be able to get the loan from certain lenders even if you have a poor score. In that situation, the amount of the loan might be lower or the rate of interest might be higher.
Disclaimer
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.