Personal Loan for 20000 Salary

Q: How to get 3 lakh immediately?

To get a loan of Rs 3 lakh , apply online, either on the website or loan app of Hero FinCorp.

Easy Digital Process

Minimum Salary Required ₹15K

Instant Approval

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Calculate Personal Loan EMI

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Get Instant Personal Loan for Rs 20000 Salary

Start your loan journey with Hero FinCorp's instant Personal Loan. We are here to offer Personal Loans with a Rs 20,000 salary. Whether meeting urgent needs or fulfilling a wish, our transparent process and competitive interest rates ensure a seamless borrowing experience.

From decent loan amounts to collateral-free options and flexible repayment tenures, we cater to diverse needs. If you want to calculate your EMI in advance, our user-friendly calculator will help you. In short, Hero FinCorp simplifies your financial aspirations, providing support every step of the way. Apply now and access the funds you need without delay!

EMI on a Personal Loan for Rs 20,000 Salary for Tenures of 12-36 Months

We've got everything you need! Below is a table displaying projected EMIs for various repayment periods, with a 19%* t&c apply interest rate taken into account. Look through the options to discover the one that aligns with your financial plans and paves the way for reaching your goals effortlessly.

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.

High Loan Amount

Get a loan of up to Rs 5 Lakh, providing ample financial assistance with a Rs 20,000 salary.

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:

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.

Check Your Loan Eligibility

Documents Required to Get Loan on Rs 20k Salary from Hero FinCorp

Getting a loan at Hero FinCorp with a Rs 20,000 salary is simple. Here's a quick overview of the documents needed:

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 20,000 Salary

Hero FinCorp's fee structure is tailored for a Rs 20,000 salary, ensuring simplicity and cost-effectiveness.

Interest Rate

Starting from 19%

Loan Processing Charges

2.5% to 3.5%

Loan Tenure

12-36 months

Foreclosure Charges

5% + GST

EMI Bounce Charges

Rs 350/-

Note: Charges are subject to change. Verify the latest details during the loan application process.

How to Apply for Rs 20000 Salary Personal Loan?

Applying for a Rs 20,000 salary Personal Loan is quick and easy with Hero FinCorp. Here are the steps.

1
Visit the Hero FinCorp website or personal loan app.
2
Initiate the process by clicking 'Apply Now' on the Personal Loan page.
3
Input your mobile number and effortlessly validate the OTP received.
4
Tailor your loan amount according to your specific needs.
5
Confirm your KYC details, ensuring compliance with income eligibility.
6
Finalise your application by clicking 'Submit.'

Once approved, you will get the loan amount in your account.

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What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta

I received a call from Hero FinCorp regarding it’s financial services. I was thinking of buying a two wheeler since long. When I compared the benefits Hero FinCorp was offering with other similar service provider’s, I decided, this is the best time to get a bike. The later things just happened within no time and my Two Wheeler Loan was approved. Such a great experience it was.

Chandan Kumar, Khemanichak, Patna, Bihar

Hero FinCorp financed our printing center equipment’s which has allowed us to expand g quality. We have realized a good business growth and customer satisfaction. Hero FinCorp business loan solution is a big factor in our business success. We enjoy working with a trusted financial partner which provides quick support and easy finance.

Mani Mamallan, Mumbai

Proprietor, All time Offset Printers

My friend bought a two wheeler with a loan from Hero FinCorpand found their services to be excellent services. I felt the same way after trying out their services. In case I need another loan, this is where I will get one from.

Sanjay Singh, Odala, Mumbai, Maharashtra