Personal Loan for 15000 Salary

logo
Easy Digital Process
logo
Minimum Salary Required ₹15K
logo
Instant Approval in 10 Minutes
Calculate Your Personal Loan EMI

Monthly EMI

₹ 0

Interest Payable

₹ 0

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)
50,0001219%4,6085,29455,294
50,0001819%3,2147,85557,855
50,0002419%2,52010,49060,490
50,0003019%2,10713,19963,199
50,0003619%1,83315,98165,981

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:

high-loan-amount.png
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.

applicable-rate-of-interest (1).png
Attractive Interest Rate

Our loan interest rates are competitive, making our Personal Loan available to anyone.

collateral.png
Collateral-Free

Our personal loans are collateral-free, requiring no security, making the process faster, simpler, and hassle-free.

flexible.png
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-app.png
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.png
Age

Applicant should be between 21-58 years

citizenship.png
Citizenship

You should be a citizen of India

work-experience.png
Work Experience

A minimum of six months of work experience is required for eligibility

monthly-income.png
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.png
Identity Proof

Driving licence, passport, PAN card, or Aadhaar card

22.png
Address Proof

Driving licence, passport, Aadhaar card, ration card, or utility bill

21.png
Ownership Proof

Residence ownership proof like electricity bills or property documents

income.png
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 & ChargesAmount Chargeable
Interest RateStarting from 1.58% per month
Loan Processing ChargesMinimum 2.5%+ GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. 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.

hfc_app.webp

  • 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

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.