Instant Loan Amount
Get a personal loan up to Rs5 lakh with a Rs 23,000 salary, available online. Loan amount depends on income, credit score, and employment history.
Personal Loan for 23,000 Salary
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval in 10 minutes
Calculate Your Personal Loan EMI
Get an Instant Personal Loan for Rs 23,000 Salary
At Hero FinCorp, we offer Personal Loans of up to Rs 5 Lakh to those with a monthly salary of Rs 23,000 and above at competitive interest rates and flexible repayment tenures. Our Instant Personal Loans are designed for quick and hassle-free loan processing online, ensuring you get the loan approval in 10 minutes. You can use our Personal Loans for various purposes and repay in EMIs. The documentation requirement is minimal and you do not need to provide any security or collateral.
EMI on a Personal Loan for Rs 23,000 Salary for Tenures of 12-36 Months
When you are ready to apply for a Personal Loan, it is important that you know your monthly instalment amount. This will help you plan your monthly budget. You can use the personal loan emi calculator on our website to calculate your monthly EMIs instantly. It is a free-to-use online tool that requires the loan amount, interest rate, and repayment tenure to calculate the EMIs. The table below shows the EMIs of Rs 1 Lakh loan for different tenures, assuming an interest rate of 19% per annum.
| Loan Amount (Rs) | Tenure (in Months) | Interest Rate* (per annum) | Monthly EMI (Rs) | Total Interest (Rs) | Total Amount Payable (Rs) |
|---|---|---|---|---|---|
| 1,00,000 | 12 | 19% | 9,216 | 10,588 | 1,10,588 |
| 1,00,000 | 18 | 19% | 6,428 | 15,710 | 1,15,710 |
| 1,00,000 | 24 | 19% | 5,041 | 20,981 | 1,20,981 |
| 1,00,000 | 30 | 19% | 4,213 | 26,398 | 1,26,398 |
| 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 23,000 Salary
Are you in need of a instant personal loan online but concerned about your income stability and repayment capacity? Hero FinCorp can assist you based on your financial situation. If you earn a monthly salary of Rs 23,000 and require a lump sum amount for any financial needs, we've got you covered. Our loans offer numerous benefits you can take advantage of.
Attractive Interest Rate
Hero FinCorp offers personal loans with competitive interest rates up to 30% on a Rs 23,000 salary, tailored to your creditworthiness and financial profile.
Collateral-Free
Hero FinCorp offers instant personal loans on a Rs 23,000 salary, collateral-free, with no security deposits or guarantors required.
Flexible Repayment Tenure
Hero FinCorp tailors your loan experience with flexible repayment tenures for up to 36 months for your 23k income Personal Loan.
Instant Approval and Disbursal
Our online loan process provides quick cash access with no paperwork or branch visits. Everything is handled online for fast approval.
Eligibility Criteria for Personal Loan on Rs 23,000 Salary
To apply for a Personal Loan, make sure you meet the eligibility requirements, including your age, monthly income, work experience, and citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
Citizenship
You should be a citizen of India.
Work Experience
Six months for salaried individuals and 2 years for self-employed individuals.
Monthly Income
You should have a minimum income of Rs 15,000 monthly.
Age
Applicants should be between 21 and 58 years.
List of Documents Required for Personal Loan on Rs 23,000 Salary
At Hero FinCorp, documentation is an important part of the loan application process. So, it is important to check the required Personal Loan documents in advance to ensure a smooth and hassle-free application process. Here is the list of documents required for a personal loan with a 23k salary:
Income Proof
Three months’ salary slips, six months' bank statement, Form 16
Identity Proof
Aadhaar Card, PAN Card, Driving Licence.
Address Proof
Aadhaar Card or utility bills
Additional Documents
Latest passport-size photograph, filled online application form
Interest Rates and Charges on Loan for Rs 23,000 Salary
Before you apply for an instant Personal Loan with a Rs 23,000 salary, it’s important to know the related costs, like the interest rate and processing fees. At Hero FinCorp, the interest rates on personal loans are competitive, and other charges are nominal. Here are 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 |
How to Apply for Personal Loan on Rs 23,000 Salary?
To apply for a Personal Loan on Rs 23,000 salary, follow these 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
What Our Clients Say About Us
personal loan for 23000 salary Related Blogs
Personal Loan
Common Reasons Personal Loan Applications Are Rejected for Salaried Individuals03 Jul, 2025
Personal Loan
Top Private Engineering Colleges in India for CSE 2025: Rankings, Fees, and Admission Process02 Jul, 2025
Personal Loan
Electric Two-Wheelers You Can Buy with a Personal Loan: Complete Cost Breakdown27 Jun, 2025
Personal Loan
Kedarnath Travel Guide 2025: Best Time to Visit, Registration, Route, and Stay Tips27 Jun, 2025
Personal Loan
Switzerland Trip Cost from India in 2025: Complete Budget Guide for Travelers26 Jun, 2025
Frequently Asked Questions
Use our online Personal Loan EMI Calculator to calculate the EMI of 23k Salary. Enter your loan amount, interest rate, and repayment tenure, and get results for EMI in seconds.
You can choose Hero FinCorp for Rs 5 lakh instant loan. Go to the website or loan app, apply online, meet eligibility, and experience fast disbursal.
Visit our website, check your eligibility, explore our instant loan options, choose what suits you and apply online.
Hero FinCorp's instant Personal Loans offer competitive rates and convenient terms with minimal documentation and fast approvals.
Personal Loans are quite affordable compared to credit cards and borrowing from unorganised channels.
Use our online Personal Loan EMI Calculator to calculate the EMI of 23k Salary. Enter your loan amount, interest rate, and repayment tenure, and get results for EMI in seconds.
Yes, you can obtain a personal loan with your monthly salary of Rs 23,000. You can apply for a loan online at the Hero FinCorp website or loan app.
The loan amount you will be eligible for will depend on your credit score, debt-to-income ratio and the policies of the lender. At Hero FinCorp, you can get a Personal Loan of up to Rs 5 Lakh with favourable terms.
Many lenders like Hero FinCorp can offer a Personal Loan on a salary of Rs 23,000.
The rate of interest on Personal Loans depends on your credit score, debt-to-income ratio and lender’s policies. At Hero FinCorp, the interest rates for Personal Loans start at 1.58% per month.
You can go to the Personal Loan section of the Hero FinCorp website or loan app and fill in the application form with your KYC details and submit it with the income proof.
To apply for a Personal loan at Hero FinCorp, you should be an Indian citizen aged between 21 and 58 years with at least six months of experience in your present job.
No, documents are necessary for the Personal Loan application. Some NBFCs like Hero FinCorp do not ask you to submit physical copies of your document when you apply online.
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.
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.