Personal Loan for Salary Rs. 100000

Personal Loan for Salary Rs. 100000

A personal loan for a Rs. 1,00,000 salary offers higher loan eligibility with quick approval, flexible tenures, and competitive interest rates—ideal for meeting large expenses or urgent financial needs.
Loan Types

Loan Types

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Calculator

FAQs

FAQs

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Rs. 40,000 - Rs. 55 lakh

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Enter mobile and OTP | Quick online approval | Get money in a day*

 
 

Key takeaways


For a personal loan with a Rs. 1 lakh monthly salary, eligibility depends on income, credit profile, existing obligations, and repayment capacity.


  • Repayment tenure: 12 months to 108 months
  • Interest rate: 10% and 30.5% per annum.
  • CIBIL Score: 650 or higher 
  • Disbursal: Within 24 hours*  of document verification
  • Collateral: Not required — fully unsecured loan
  • Eligibility: Salaried or self-employed Indians aged 21 years to 80 years*

You can check your eligibility using only your mobile number and OTP, without visiting a branch.

Personal Loan on Rs. 1,00,000 Salary

A personal loan for a salary of Rs. 1,00,000 is an unsecured loan that can help manage planned or unexpected expenses without pledging collateral. Eligibility depends on factors such as income, employment profile, credit history, existing obligations, and repayment capacity. Once approved, the loan amount is disbursed to the bank account and repaid through fixed monthly EMIs over the chosen tenure.


You can apply for a Bajaj Finance Personal Loan online using your phone number and OTP. The loan amount ranges from Rs. 40,000 to Rs. 55 lakh, with a tenure of 12 months to 108 months and interest rates from 10% and 30.5% p.a. After document verification, eligible applicants may receive the funds within 24 hours*. The loan can be used for medical expenses, education, weddings, home renovation, travel, and other personal needs.

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Features and benefits of a personal loan on ₹1,00,000 salary

A personal loan at this income offers multiple advantages:
 

  • Loan amount: You can borrow a personal loan amount Rs. 40,000 - Rs. 55 lakh easily, helping you fund significant expenses.
  • Flexible tenure: Choose repayment terms from 12 months to 108 months based on affordability.
  • Minimal documentation: Typically only salary slips, bank statements, and ID proof are required.
  • Quick disbursal: Loans are processed and disbursed in as little as 24 hours*.
  • Competitive interest rates: Interest starts around 10% p.a., designed for salaried class.*
  •  

*Final rate depends on credit history, tenure, and lender-specific norms. For details, check personal loan interest rates.

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Eligibility criteria for Rs. 100,000 salary personal loan

To qualify, most lenders look for:


NationalityIndian
Age21 years to 80 years
Employed withPublic, private, or MNC.
CIBIL Score650 or higher.
Customer profileSelf-employed or Salaried

*You should be 80 years or younger, at the end of the loan tenure.


Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

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Documents required to get loan on Rs. 100,000 salary

Documentation requirements for a Bajaj Finance Personal Loan are minimal. Five document categories are required at the time of application:


Document CategoryAccepted Options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt

Know more about the personal loan documents required during application.

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Interest rates and charges on loan for Rs.100,000 salary

Bajaj Finance offers personal loans at interest rates ranging from 10% to 30.5% p.a., subject to the applicant’s profile and applicable terms. The final rate may depend on credit history, income, loan amount, and tenure. Learn more about the personal loan interest rate before applying.

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EMI on a personal loan for Rs. 1,00,000 salary for different tenures

For example, let’s take a loan of Rs. 4 lakh and see the EMI for 12 and 36-month tenures at a 10% interest rate:

Loan amountTenureInterest rate (p.a.)EMI (Rs.)
Rs. 4,00,00012 months10%Rs. 35,186
Rs. 4,00,00036 months10%Rs. 12,897

Pro tip: Use the Personal Loan EMI Calculator to compare different tenures and interest rates. You can adjust the loan amount, interest, and repayment term to find an EMI that suits your monthly budget.

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How to apply for a personal loan on Rs. 100,000 salary?

Follow these easy steps:


  1. Check loan eligibility – Visit our personal loan page, enter the loan amount you need, select the repayment period, and click on "CHECK LOAN OFFER" to check your loan eligibility.
  2. Enter personal details – Provide your personal, financial, and employment details to receive a personalised loan offer.
  3. Review your loan offer – Check your offer details and adjust the loan amount or repayment tenure, if required.
  4. Complete KYC verification – Verify your identity and bank details to proceed with your application.
  5. Speak to a loan specialist – Once your application is submitted, an executive will contact you with the next steps.
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Key offerings: 3 loan types

  • Flexi Hybrid Loan
  • Flexi Dropline Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30.5% p.a.

Processing fees

Up to 4.13% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Frequently asked questions

Overview

How much is a personal loan for a 100,000 salary?

With a Bajaj Finance Personal Loan, you can get funds from Rs. 40,000 to Rs. 55 lakh. Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

Yes, earning Rs. 1,00,000 monthly generally makes you eligible for a personal loan, provided you have a good credit history and meet the lender’s documentation and income verification criteria. Approval speed depends on your financial profile.

A Rs. 1,00,000 salary easily qualifies you for a Rs. 5 lakh personal loan, subject to your credit score and repayment history. Lenders assess your eligibility based on income stability and existing liabilities before sanctioning the loan.

You will need a few documents to apply for personal loan:


  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months
  • Piped gas bill
  • Pension order
  • Letter of Allotment of Accommodation Issued by Employer
  • Property / Municipal tax receipt
  • Utility bill
  • Real-time image / photograph
  • Ration card
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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000