Personal loans for salaried employees are a great way to meet your various financial needs. These include funding a vacation, managing medical expenses, and consolidating debt. You can easily access tailored loan solutions for salaried individuals on Bajaj Markets.
Personal loans for salaried employees usually come with low interest rates and flexible repayment terms. Furthermore, you can choose from offers provided by over 20 leading banks and NBFCs.
Lender |
Starting Interest Rate |
Processing Fee |
Loan Amount |
Tenure |
Bajaj Finance |
10.00% p.a. |
Up to 3.93% of the loan amount (Inclusive of applicable taxes) |
₹50,000 to ₹35 Lakhs |
12 months to 96 months |
CASHe |
34.00% p.a. |
Up to 5.5% of the loan amount + GST |
₹50,000 to ₹3 Lakhs |
9 months to 18 months |
Federal Bank |
11.00% p.a. |
0.70% to 2.80% of the loan amount + 18% GST |
₹50,000 to ₹5 Lakhs |
Up to 12 months |
Fibe |
14.00% p.a. |
Up to 2% of the loan amount |
₹50,000 to ₹5 Lakhs |
Up to 36 months |
Finnable |
15.95% p.a. |
Up to 3% of the loan amount |
₹20,000 to ₹10 Lakhs |
Up to 60 months |
IIFL Finance |
16.50% p.a. |
2% to 6% of the loan amount + GST |
₹70,000 to ₹5 Lakhs |
Up to 24 months |
InCred |
16.00% p.a. |
2% to 5% of the sanctioned amount |
₹10,000 to ₹10 Lakhs |
Up to 72 months |
Kissht |
14.00% p.a. |
3% to 5% of the loan amount |
₹5,000 to ₹4 Lakhs |
6 months to 24 months |
Kotak Mahindra Bank |
10.99% p.a. |
Up to 1.50% of the loan amount + GST |
₹50,000 to ₹40 Lakhs |
24 months to 72 months |
KreditBee |
15.00% p.a. |
Up to 3% of the loan amount |
₹1,200 to ₹5 Lakhs |
Up to 24 months |
L&T Finance |
12.00% p.a. |
Up to 2% of the loan amount + GST |
₹50,000 to 7 Lakhs |
Up to 48 months |
MoneyTap |
18.00% p.a. |
5% to 10% of the loan amount |
₹5,000 to ₹5 Lakhs |
3 months to 36 months |
moneyview |
16.00% p.a. |
Starts from 2% of the approved loan amount |
₹30,000 to ₹10 Lakhs |
Up to 60 months |
mPokket |
24.00% p.a. |
₹50 to ₹200 + 18% GST (maximum APR of 48%) |
₹500 to ₹45,000 |
Up to 90 days |
Muthoot Finance |
14.50% p.a. |
2% to 4% of the loan amount |
₹50,000 to ₹10 Lakhs |
Up to 60 months |
Olyv |
18.00% p.a. |
2% to 12% of the loan amount |
₹1,000 to ₹1 Lakh |
2 months to 12 months |
PaySense |
14.00% p.a. |
2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
₹5,000 to ₹5 Lakhs |
Up to 60 months |
Privo |
9.99% p.a. |
1% to 3% of the loan amount + GST |
₹2 Lakhs to ₹5 Lakhs |
6 months to 60 months |
SMFG India Credit |
12.00% p.a. |
0% to 6% of the loan amount |
₹50,000 to ₹25 Lakhs |
Up to 60 months |
Upwards |
18.00% p.a. |
Up to 4% of the loan amount |
₹25,000 to ₹5 Lakhs |
Up to 36 months |
YES BANK |
12.50% p.a. |
1.15% to 2.75% of the loan amount |
₹1 Lakh to ₹50 Lakhs |
12 months to 72 months |
Zype |
18.00% p.a. |
2% to 6% of the loan amount |
₹3,000 to ₹5 Lakhs |
6 months to 12 months |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
Some advantages of getting a personal loan for salaried employees on Bajaj Markets are as follows:
Easily access funds of up to ₹50 Lakhs for your financial needs.
Enjoy personal loan interest rates starting as low as 9.99% p.a. on Bajaj Markets.
Use the loan amount for various purposes, such as medical emergencies, travel, weddings, education, or consolidating debt.
Secure the loan without needing to pledge any assets as collateral.
Choose between a term loan or flexible loan variant to suit your requirements.
The seamless online application ensures your loan is reviewed and verified within minutes.
The online process reduces paperwork, making it simple and convenient to apply for a loan on Bajaj Markets.
Upon approval, the loan amount is disbursed directly to your bank account in no time.
Benefit from complete transparency with no hidden fees or undisclosed charges.
To qualify for a personal loan as a salaried employee, there are some common requirements you may have to fulfil. These are as follows:
Age: 18 years and above
Employment Type: Full-time salaried position with a stable income
Minimum Salary: ₹10,000 per month (varies by lender)
Work Experience: At least 12 months with the current employer
Credit Score: Preferably 600 or above
Do note that the eligibility requirements may differ from one lender to another. Thus, ensure to get a complete list of the criteria set by your loan provider prior to applying for the loan.
Here are the essential documents required for salaried employees to apply for a personal loan:
Identity Proof: Aadhaar card, PAN card, or Passport.
Address Proof: Utility bills, rent agreement, or Aadhaar card
Income Proof: Latest salary slips (2-3 months) and bank statements (last 6 months)
Employment Proof: Offer letter or employee ID
Photographs: Recent passport-sized photographs
Other Documents: Loan application form and a copy of your credit score report (if applicable)
Follow these steps to apply for a personal loan:
Select the ‘Check Eligibility’ option on this page
Enter your personal and income-related information
Provide your preferred tenure and the required loan amount
Check the details provided and submit the online application form
Following this, your application will be verified by the lenders, who will reach out to you for further proceedings.
The loan amount depends on your income, credit score, and lender-specific policies. Typically, salaried employees can get loans up to ₹50 Lakhs on Bajaj Markets.
Eligibility is calculated based on factors like monthly income, existing liabilities, credit score, and repayment capacity.
You can use a personal loan for various purposes such as medical emergencies, travel, home renovation, or debt consolidation.
Yes, many lenders allow foreclosure or part-prepayment, often with nominal charges. Check the terms with your lender.
The application process is quick and may take 24-72 hours, depending on the lender.
Post-approval, the loan amount is usually credited to your account within 24-48 hours.
Yes, some lenders offer loans to individuals with no credit history, though the terms may vary.
Typically, lenders require recent salary slips (last 2-3 months) as proof of income.