Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

A personal loan of ₹15,000 can serve as a valuable resource for various needs in case of emergencies. From addressing unforeseen medical expenses to managing unexpected home repairs, this loan provides the adaptability required in challenging times. Explore the eligibility criteria and nuances of the loan to equip yourself with the knowledge to make effective financial choices.

Calculate EMI for ₹15,000 Personal loan

Loan Amount
Tenure
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Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest Amount
Year Principal Interest Balance

Interest Rates on ₹15,000 Personal Loan

Our Partners
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Maximum Loan Tenure
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Maximum Loan Amount
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Minimum Interest Rate
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Bajaj Finance Limited

6 years

₹35 Lakhs

11% p.a.

4.7
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CASHe

1 year

₹4 Lakhs

27% p.a.

4.4
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Fibe

3 years

₹5 Lakhs

14% p.a.

4
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Finnable

5 years

₹10 Lakhs

15.95% p.a.

4
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IIFL Finance

3.5 years

₹5 Lakhs

18% p.a.

4.1
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InCred

6 years

₹10 Lakhs

16% p.a.

4.3
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KreditBee

2 years

₹4 Lakhs

18% p.a.

4.1
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Kotak Mahindra Bank

5 years

₹25 Lakhs

10.99% p.a.

4.2
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L&T Finance

4 years

₹15 Lakhs

11% p.a.

4.6
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moneyview

5 years

₹5 Lakhs

16% p.a.

4.2
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mPokket

120 days

₹45,000

24% p.a.

4.1
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Muthoot Finance

5 years

₹15 Lakhs

14.50% p.a.

4
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PaySense Partners

5 years

₹5 Lakhs

15% p.a.

4.3
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Privo

5 years

₹5 Lakhs

9.99% p.a.

4.5
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Olyv

12 months

₹5 Lakhs

1.5% p.m.

4.1
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SMFG India Credit

5 years

₹25 Lakhs

12% p.a.

4.2
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Upwards

3 years

₹5 Lakhs

1.5% p.m.

4.3
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YES BANK

6 years

₹50 Lakhs

10.99% p.a.

4.2
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Zype

1 Year

₹5 Lakhs

18% p.a.

4
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Eligibility Criteria

The common eligibility criteria for a personal loan of  ₹15,000 are as follows:

  • You must be an Indian national
  • You must be a salaried individual
  • Your age must be between 21 years and 67 years
  • You should be working in a private firm, public company, or an MNC
  • You must have a CIBIL Score of 750 or more

Documents Required

Most lenders require you to have the following list of documents handy when applying for a personal loan:

  • Proof of Identity: Any one of the following

    • PAN card

    • Aadhaar card

    • Passport

    • Voter ID, etc.

  • Proof of Residence: Any one of the following

    • Aadhaar card

    • Passport

    • Voter ID

    • Driving licence

    • Utility bills for electricity, water, gas, etc.

 

  • Proof of Income: 

    • Salaried Individuals: Bank statements of your salary account of the last 3 months, latest Form 16, etc.

    • Self-employed Individuals: Bank statements of the last 3 months, Profit and Loss statement of the previous year, latest ITR filings, etc.

How to Apply?

Here is how you can apply for a personal loan of  ₹15000 online on Bajaj Markets:

 

  • Click on the ‘Apply online’ option on this page

  • Fill in your personal and professional details

  • Choose your lender from a list of personal loan providers

  • Enter the loan amount you wish to borrow and the preferred loan tenure

  • Cross-check all details and submit the application

 

Following this, a representative will reach out to you for further proceedings.

 

Frequently Asked Questions

How much credit score do I need for a ₹15000 loan?

One of the eligibility criteria for personal loan application approval is the credit score. Since personal loans are usually unsecured loans, the lenders check the credit score of the applicant to determine the payback ability. In the case of a salaried individual who has an income of around ₹15,000, the minimum credit score needs to be 750.

Can I get a personal loan if my salary is ₹15000?

Yes, you can get a personal loan if your salary is ₹15000. This is the minimum baseline of many banks that offer personal loans. As per your eligibility, you can take a loan of up to Rs. 25 Lakhs.

Can I get a ₹15000 loan without collateral?

The personal loan application can be approved without a collateral. Since personal loans are unsecured loans, the lenders do not mandate the inclusion of collateral.

Which is the best bank for a ₹15000 personal loan?

Almost all banks, financial institutions, and NBFCs offer instant personal loans to salaried individuals who are a part of the salary slab of ₹15,000. At Bajaj Markets, you can explore different personal loans offered by various banks and choose one as per eligibility and interest rate.

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