High Loan Amount
Get a loan of up to Rs 5 Lakh, providing ample financial assistance with a Rs 20,000 salary.
Personal Loan for 20000 Salary
Need urgent funds on a Rs 20,000 salary? Get a Personal Loan of Rs 20,000 from Hero FinCorp without the need for collateral. Apply now and receive funds quickly to meet your financial needs.
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval
Calculate Personal Loan EMI
Get Instant Personal Loan for Rs 20000 Salary
Managing your financial needs isn’t always easy, especially when unexpected expenses arise. In such times, the right solution is quick access to funds without stress.Hero FinCorp offers personal loans for salary Rs 20,000 with fast approval, minimal documentation, and a simple application process.
You can choose flexible loan amounts, enjoy competitive interest rates, and benefit from flexible repayment options customized to fit your budget. To make planning easier, use our easy calculator to check your EMI before borrowing.
With Hero FinCorp, you can confidently finance your goals and receive funds on time, without any hassle.
EMI on a Personal Loan for Rs 20,000 Salary for Tenures of 12-36 Months
Below is a projected EMI table showing flexible repayment options at competitive interest rates starting from 19%* (T&C apply). Explore the options to find the one that suits your financial needs and helps you achieve your objectives easily.
| Loan Amount | Interest Rate* | Tenure (in months) | EMI (in Rs) |
| 1,00,000 | 19%* | 12 | 9,216 |
| 1,00,000 | 19%* | 24 | 5,041 |
| 1,00,000 | 19%* | 36 | 3,666 |
Features and Benefits of Rs 20k Salary Personal Loan
Discover the perks of a Personal Loan with Hero FinCorp on a Rs 20,000 salary. Here are the features that make your financial journey smoother and more rewarding.
Attractive Interest Rate
Get an instant loan with competitive interest rates of 30% based on your credibility.
Collateral-Free
Secure your loan without the need for collateral, offering peace of mind without risking your assets.
Flexible Repayment Tenure
Customise your repayment plan with flexible tenures, extending up to 36 months, aligning with your financial comfort.
Instant Approval and Disbursal
Experience the ease of a swift online application process, ensuring instant approval and disbursal upon acceptance.
Eligibility Criteria for Personal Loan on Rs 20000 Salary
Knowing the eligibility for a Personal Loan at Hero FinCorp with a low salary of Rs 20,000 is easy. Here's a detailed breakdown:
| Criteria | Requirement |
|---|---|
| Age | Applicants must be aged between 21 and 58 years. |
| Citizenship | Indian citizenship is a prerequisite. |
| Work Experience | Salaried individuals need a work history of six months in their current job. |
| Monthly Income | A minimum monthly salary of Rs 15,000 is required to be eligible for a Personal Loan. |
Documents Required to Get Loan on Rs 20k Salary from Hero FinCorp
It is easy and simple to obtain an instant personal loan on a Rs 20,000 salary with no documentation. To get personal loan approval quickly, just keep these documents handy.
- Aadhaar Card
- PAN Card
Interest Rates and Charges on Loan for Rs 20,000 Salary
Hero FinCorp's fees and charges are customized for a Rs 20,000 salary, ensuring transparency and cost-effectiveness.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| 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 Rs 20000 Salary Personal Loan?
Applying for a personal loan on Rs Rs 20,000 salary with Hero FinCorp is quick and easy. Follow these easy steps:
- 1
Visit the Hero FinCorp website or personal loan app.
- 2
Go to the personal loan page and click ‘apply now’.
- 3
Enter your mobile number and verify it using the OTP.
- 4
Check your eligibility and confirm your income details.
- 5
Select the loan amount you need.
- 6
Complete the KYC verification.
- 7
Click Submit to finish your application.
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Frequently Asked Questions
Use the EMI calculator by entering the loan amount, interest rate, and tenure for instant EMI details.
Yes, you can quickly get a loan with a Rs 20k salary from Hero FinCorp online.
If you have a minimum monthly salary of Rs 15,000, you can get a Personal Loan of up to Rs 5 Lakh from Hero FinCorp.
The minimum monthly salary to get a Personal Loan from Hero FinCorp is Rs 15,000.
To get a loan of Rs 3 lakh, apply online, either on the website or loan app of Hero FinCorp.
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.