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

With lenders framing easy-to-meet eligibility terms, you can avail a personal loan conveniently. However, as a salaried applicant, meeting the bank or NBFC’s minimum salary criteria is important. 

Are you wondering if you can apply online for a personal loan on a low salary of ₹15,000 or less? or how much loan can you get on a 15000 salary? The good news is that you can apply for a loan with a salary or Rs 15000 provided you have an excellent credit score. You can get a loan ranging from ₹50,000 to ₹1,50,000 with ₹15,000 salary. Though the actual loan amount can vary from lender to lender. Read on to know more about how you can access an instant personal loan on a minimum salary of ₹15,000.

Features and Benefits of Personal Loan for Rs 15,000 Salary

You can get a collateral-free personal loan on a salary of ₹15,000 or even less than that based on the lender and your past repayment record. All you have to do is check if you meet the eligibility criteria.

Once this process is complete, you can fill in the application form for a personal loan online on a salary of ₹15000 and await approval. Furthermore, you can compare various loan offers using an online personal loan EMI calculator.

Simply input the loan amount you wish to borrow, the tenure of your loan and the applicable personal loan interest rate.

That’s all it takes to get an estimate of your monthly instalments and repayment schedule. Moreover, you can use this digital calculator for free any number of times. This not only helps you compare various loan offers, but also allows you to plan your finances better.

Before you get started, here are a few benefits and features of getting an instant personal loan on a minimum salary of ₹15000.

  • Avail of Small Cash Loans Quickly

One of the most beneficial features of personal loans is that you can get funds instantly. If you are looking for a loan as a salaried person with a salary of ₹15,000, you can easily get cash up to ₹1.5 Lakhs immediately.

You can use these funds to meet planned and unplanned financial requirements. Most lenders have mobile applications, using which you can complete all loan processing formalities hassle free.

Even if you are a first-time borrower drawing a salary of ₹15,000, you can get quick personal loans with ease. Moreover, availing a smaller loan amount helps in easy repayment as your monthly instalments will be affordable.

This way, you can manage your monthly budget without straining your finances and build your credit score on timely repayment too.

  • Enjoy Collateral-free Financing

Since these loans are unsecured forms of credit, there is no need to pledge your valuable assets as collateral when availing of a personal loan on a salary of ₹15,000. You do not have to stress about offering security to get a personal loan.

Furthermore, there is no need for a guarantor when you apply for a personal loan. Lenders will offer you an amount that is suitable to your monthly income of ₹15,000. Using these funds, you can address emergencies or attain your goals conveniently. 

  • Get Instant Approval with Minimal Documentation

Most lenders today offer a paperless loan application procedure. Thanks to the digital KYC and income verification processes, you can save a considerable amount of time. This helps you get hassle-free loan approvals.

To get a personal loan with a ₹15k salary, you will need to submit your latest salary slips and bank account statements. This assures the lender of your repayment ability.

  • Repay at Nominal Interest Rates

When opting for a loan with a ₹15,000 salary, you get to enjoy competitive interest rates. Make sure you compare the offers in the market to choose the most affordable one. 

This will ensure your monthly instalments are manageable. You can also use the loan amount to meet any of your expenses as personal loans come with no end-use restrictions.

  • Opt for Flexible Repayment Tenures

When it comes to the repayment tenure of personal loans, you can choose an option that best suits your requirements. Most lenders offer tenures of up to 6 years, helping you lessen the burden of EMIs.

This way, you can access an instant personal loan on a minimum salary of ₹15,000 and get the amount in your bank account within a few hours or on the same day.

Read More

Eligibility Criteria for Personal Loan on 15000 Salary

Meeting the required eligibility criteria set by lenders is crucial when opting for a personal loan on a salary of ₹15,000. Here are a few parameters:

  • You must be an Indian resident

  • You need to be a salaried individual with a minimum monthly income of ₹15,000

  • Your age must be at least 21 years and above

  • You need to have a minimum work experience of 2 to 3 years

  • You need to have a good credit score of above 600

  • You need an NTC (New to Credit) score of above 150, if you are new to the credit system

Documents Required for a Personal Loan on a Salary of ₹15,000

Here are the documents you must submit when opting for a personal loan online on a salary of ₹15,000: 

1. Identity Proof (any one of these documents)

  • PAN card

  • Aadhaar card

  • Voter’s ID

  • Passport

  • Driving licence

2. Address Proof (any one of these documents)

  • Voter’s ID

  • Aadhaar card

  • Passport

  • Driving licence

  • Electricity bill/telephone bill

3. Income Proof

  • Bank statements and/or salary slips for the last three months

  • Latest Passport-size Photographs

How to Apply for a Personal Loan with a Salary of ₹15,000

Here are the steps to follow when availing a personal loan from leading partner lenders at Bajaj Markets.

  • Step 1: Click on the ‘APPLY NOW’ tab on the personal loan page

  • Step 2: Enter personal details such as your profession, mobile number, name, address and date of birth

  • Step 3: Click on ‘CHECK YOUR OFFER’

  • Step 4: Enter additional details. Choose your lending partner from the list 

  • Step 4: Once you enter the needed details, a representative of the lending partner (depending on your eligibility and offer) will contact you to process your application further.


This way, you can easily avail of a personal loan with minimum documentation and simple eligibility criteria with a salary of ₹15,000.

FAQs on Personal Loans on Salary less than ₹15,000

What personal loan amount can I get if my salary is ₹15,000?

The amount of personal loan you can get varies from one lender to another. With this salary range, you can usually get up to ₹1.5 Lakhs as the maximum loan amount. However, if you have a good relationship with the lender and have no other EMIs, you can get a higher amount too.

Is it possible to get a personal loan of ₹50,000 with a salary of ₹15,000?

Yes, it is possible for you to get a personal loan on a salary of ₹15,000 amounting to ₹50,000. However, this depends on the lender and your repayment history.

Can I get a personal loan without a bank account if my salary is less than ₹15,000?

Most lenders insist on a bank account before sanctioning a loan. Having a bank account establishes trust that you are capable of repaying the loan amount.

Can I get a personal loan for medical expenses if my salary is less than ₹15,000?

Yes, you can get a personal loan on a salary of less than ₹15,000 to meet your medical expenses. However, this varies across lenders and your eligibility.

Can I get a personal loan if my salary is just ₹15,000?

It is possible to get a personal loan usually ranging between ₹50,000 and ₹5 Lakhs with a salary of ₹15,000. Also, you can explore options offered by smaller lenders and microfinance institutions, or consider having a co-signer with a higher income that could increase your loan eligibility.

Loan Offer
Download App
Credit Score