High Loan Amount
Get instant loans up to Rs 5 lakh, tailored to cover various needs based on income, credit rating, and work experience.
Personal Loan for Rs 18000 Salary
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval in 10 Minutes
Calculate Personal Loan EMI
Get Instant Personal Loan for Rs 18000 Salary
Looking for immediate financial assistance with an Rs 18,000 salary? Unlock the convenience of a swift Personal Loan with Hero FinCorp. Whether managing unforeseen expenses, consolidating debt, or fulfilling life's significant milestones, a loan of up to Rs 5 lakh offers the solution. Benefit from competitive starting interest rates, flexible repayment spans, and a seamless 100% digital loan process. Before you begin your financial journey - calculate your personalised EMI using our simple personal loan EMI calculator. Once done, apply online with Hero FinCorp and get instant approval.
EMI on a Personal Loan for Rs 18,000 Salary for Tenures of 12-36 Months
When seeking a Rs 1 lakh instant loan, checking the monthly EMI is important. Use our online loan EMI calculator to plan your repayments with manageable EMIs. At a 19%* per annum interest rate, here are the expected EMI amounts for different loan periods. Stay financially informed with this useful tool.
| Loan Amount | Tenure (in Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 1,00,000 | 12 | 19% | 9,216 | 10,588 | 1,10,588 |
| Rs 1,00,000 | 18 | 19% | 6,428 | 15,170 | 1,15,710 |
| Rs 1,00,000 | 24 | 19% | 5,041 | 20,981 | 1,20,981 |
| Rs 1,00,000 | 30 | 19% | 4,213 | 26,398 | 1,26,398 |
| Rs 1,00,000 | 36 | 19% | 3,666 | 31,962 | 1,31,962 |
Disclaimer: These EMI amounts are approximate and may vary based on the lender's terms and conditions. For a Rs 1 Lakh loan, the EMIs depend on the tenure and interest rate. Shorter tenures mean higher EMIs with less total interest, while longer tenures mean lower EMIs but higher total interest.
Features and Benefits for Personal Loan On Rs 18,000 Salary
At Hero FinCorp, we offer a Rs 5 Lakh loan with benefits for a 3-year term or less. Here's what you need to know:
Attractive Interest Rate
Benefit from a competitive interest rate based on your credibility, making EMIs affordable.
Collateral-Free
Ensure a hassle-free loan process without needing collateral, security, or a guarantor, ensuring your assets are safe.
Flexible Repayment Tenure
Enjoy flexibility with repayment periods of up to 36 months, allowing you to decide based on your monthly budget, supported by our Loan EMI Calculator.
Instant Approval and Disbursal
Experience a swift online process with no paperwork, ensuring quick verification and approval, leading to instant disbursal upon acceptance of the loan offer.
Eligibility Criteria for Personal Loan on Rs 18,000 Salary
Before applying for a Personal Loan, make sure you meet the eligibility criteria, which include your age, monthly income, work experience, and citizenship. The personal loan eligibility criteria at Hero FinCorp are simple and easy to fulfil.
Age
You should be between 21-58 years.
Citizenship
You should be a citizen of India.
Work Experience
Six months for salaried applicants and 2 years for self-employed applicants.
Monthly Income
You should have a minimum income of Rs 15,000 monthly.
List of Documents Required for Personal Loan on Rs 18,000 Salary
It is advisable to check the required personal loan documents before applying to ensure a smooth and hassle-free application process. Here’s a list of the essential documents for salaried applicants.
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.
Personal Loan Interest Rates for Rs 18,000 Salary
It’s better to know the loan costs, like the interest rate and processing charges, before applying for an instant Personal Loan. At Hero FinCorp, personal loan interest rates are competitive, and other charges are nominal. Check out the details.
| 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 |
Note: Rates and charges are subject to change. Verify the latest details during the loan application process.
How to Apply for Personal Loan on Rs 18,000 Salary?
Wondering how to secure a instant personal loan online with Hero FinCorp? It's easy! Follow these straightforward steps:
- 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
Uses of Personal Loan of Rs 18000 Salary
A personal loan can be used for various financial needs. Here are some common uses:
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Frequently Asked Questions
Use our EMI calculator: input loan amount, interest rate, and tenure. Obtain instant EMI results.
Yes, you can easily get a Personal Loan with a salary of Rs 18,000 from Hero FinCorp.
The minimum salary requirement for a Personal Loan at Hero FinCorp is Rs 15,000 per month.
The EMI for a 20 Lakh loan will depend on interest rate and tenure. Use the EMI calculator for accurate results.
A safe EMI is usually 30-40% of your monthly income. Make sure it aligns with your budget and financial stability.
The EMI for a Personal Loan obtained with a salary of Rs 18,000 will depend on three factors: your loan amount, interest rate and repayment tenure. You can use our personal loan emi calculator to know your monthly instalment.
No, pay slips are needed by lenders to check your loan repayment capacity. You can show other income proofs like Form 16, bank statements or income tax returns.
You can apply online to get approval for a Personal Loan urgently. When you apply on the Hero FinCorp loan app or website, you can get approval within 10 minutes.
Yes, income proof, like your salary slips, bank statements, Form 16 and income tax returns, is needed for the assessment of your loan repayment capacity.
Yes, you can get a Personal Loan even with a poor credit or CIBIL score, but you may get a smaller loan amount or the lender may charge a higher interest rate.
You can easily get a Personal Loan on a salary of 18,000 from the Hero FinCorp app.
No, documents are necessary for the loan application. Some NBFCs like Hero FinCorp do not ask you to submit physical copies of your document when you apply online.
Yes, you can get approval for a Personal Loan for an emergency in 10 minutes when you apply through the Hero FinCorp website or loan app.
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.