Personal Loan for Rs. 10,000 Salary

Personal Loan for Rs. 10,000 Salary

Getting a personal loan salary less than Rs. 10,000 is possible with the right lender. You can apply for a loan by meeting basic eligibility, showcasing repayment capacity, and maintaining a good credit profile.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

Video

Video

Rs. 40,000 - Rs. 55 lakh

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You may be eligible for a pre-approved offer

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Enter mobile and OTP | Check offer | No branch visit needed

 
 

Key takeaways


If you are looking for an instant Rs. 10,000 personal loan, meeting the eligibility criteria, submitting the required documents, and checking your pre-approved offer can help make the application process smoother. Before you apply, keep these key points in mind:


  • Loan amount starts from Rs. 40,000 and can go up to Rs. 55 lakh, subject to eligibility.
  • Repayment tenure ranges from 12 months to 108 MONTHS.
  • Personal loan interest rate ranges from 10% and 30.5% p.a., depending on eligibility and lender policies.
  • No collateral is required.
  • Quick approval, minimal documentation, and disbursal within 24 hours* may be available.
  • You can apply personal loan online and check your pre-approved offer using your mobile number and OTP.

Reviewing these factors before applying can help you make an informed borrowing decision and choose a loan that suits your financial needs.

Instant Rs. 10,000 Personal Loan

If you are looking for a personal loan Rs. 10,000, eligibility typically requires a good CIBIL score and stable income from a reputable organisation. For those needing an urgent Rs. 10,000 loan, you may have to demonstrate alternative income sources to assure timely repayment. With the right documents and repayment plan, even small personal loans can be approved quickly.
 

To improve approval chances for a personal loan with minimum salary, applicants should meet eligibility criteria, submit required documents, and check if any pre-approved loan offer is available online.
 

✅  Check your pre-approved loan offer in Chennai with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.
 

With quick approval and disbursal within 24 hours*, personal loan on Rs. 10, 000 salary is a handy solution to meet your financial requirements. Plan your loan repayment with the personal loan EMI calculator and make an informed decision.

 

*Terms and conditions apply

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Features and benefits of personal loan for Rs. 10,000 salary

  1. Quick approval

    Meet our simple eligibility criteria and get approval in just 5 minutes.
     

  2. Money in just 24 hours*

    Get your loan amount transferred to your account within 24 hours* of approval. You can check if you have a pre-approved offer for a personal loan with just your phone number and OTP – no need to visit the branch.
     

  3. Repay the loan in 108 MONTHS

    Choose a tenure of up to 9 years to repay your loan.
     

  4. No collateral, minimal paperwork

    Submit only a few basic documents to get your personal loan instantly, no need to pledge any security.
     

  5. Online loan account

    Manage your EMIs and view your online loan statement with our customer portal, My Account.
     

  6. 100% transparency, no hidden charges

    Find all the terms and conditions mentioned upfront in your loan agreement.


 

You can check the Personal Loan Eligibility Calculator to estimate your eligibility.


 

*Terms and conditions apply.

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Eligibility criteria for personal loan for Rs. 10,000 salary

You can easily get the funds you need with the below criteria:

  • Eligibility criteria

    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.

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Documents required for an instant loan on a Rs. 10,000 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.


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

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Interest rates and fess for Rs. 10,000 salary personal loans 

When applying for a personal loan on a monthly salary of Rs. 10,000, it is important to consider not only the personal loan interest rates but also the additional fees and charges involved. Lenders may apply processing fees, application charges, or late payment penalties, which can increase the overall cost of borrowing.


ChargesDetails
Interest rateUsually ranges from 10% to 30.5% p.a. , depending on eligibility and lender policies
Processing feeUp to 4.13% of the loan amount (inclusive of applicable taxes). 
Loan tenureTypically ranges from 12 months to 108 MONTHS
Bounce chargesRs. 700 to Rs. 1,200/- per bounce
Prepayment/foreclosure chargesUp to 4.72% (Inclusive of applicable taxes) 
Stamp duty (as per respective state) Payable as per state laws and deducted upfront from loan amount
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How much personal loan can I get with 10000 salary?

  • With a Rs. 10000 salary personal loan, you may be eligible to borrow Rs. 40,000 to Rs. 55 lakh from Bajaj Finance, subject to eligibility, income, credit profile, and repayment capacity.
  • Lenders assess your Fixed Obligation to Income Ratio (FOIR), which should ideally be 50% or less, along with your existing EMIs, credit score, and employment stability.
  • For example, if your monthly salary is Rs. 10,000 and you have no existing EMIs, an EMI of around Rs. 2,000 may fit within the recommended FOIR, depending on the loan tenure and an interest rate ranging from 10% and 30.5% p.a.
  • Check your eligibility with Bajaj Finance and apply online if you meet the lender's eligibility criteria.
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How to apply for a personal loan with a salary less than Rs. 10,000?

  • Step-by-step guide to personal loan apply online 10,000

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

    Our representative will contact you for further steps.

Personal loan on low salary less

Personal loan for a salary less than Rs. 12,000Personal loan for salary less than Rs. 15,000Personal loan for salary less than Rs. 20,000


Check other personal loan options based on your budget


Before committing to a personal loan, it's essential to explore various options based on your budget. Different lenders offer varying interest rates, loan amounts, and repayment terms. Comparing offers from multiple financial institutions can help you find the most suitable loan that aligns with your financial situation. Consider factors such as interest rates, processing fees, and loan tenure. Use online loan comparison tools or consult with financial advisors to evaluate your options comprehensively. This approach ensures that you secure a personal loan with favorable terms that best fit your budget and financial goals.

Rs. 25,000 Personal LoanRs. 30,000 Personal LoanRs. 40,000 Personal Loan
Rs. 50,000 Personal LoanRs. 60,000 Personal LoanRs. 70,000 Personal Loan
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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (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

Application process

Eligibility

Requirement

What is the minimum salary to get a personal loan?

The minimum salary required for a personal loan usually starts from Rs. 25,001 per month, though it may vary depending on the lender, city, employer type, and repayment capacity.

Your eligibility depends on many factors, such as your credit score, existing liabilities, other income sources, repayment history, and more. Check your eligibility in just 2 steps and plan your expenses comfortably.

You can apply for an urgent cash loan without salary slip, but you’ll need alternative proof like salary receipts, bank statements, or employment proof. Bajaj Finance considers multiple factors while reviewing your loan application. Go through our eligibility criteria section before applying.

Bajaj Finance Personal Loan can be disbursed within 24 hours*, once your application is approved and documents are verified.

To get our personal loan, you need to have a credit score of 650 or higher.

Select existing customers with a pre-approved offer can get our Insta Personal Loan without submitting a salary slip.

Just check your offer online using your mobile number, select your loan amount and tenure, and complete the digital process. Once verified, the loan amount is transferred quickly to your account. Check your offer in just 2 steps and apply online to get our loan.

You only need to follow the steps below.
 

  • Click on ‘CHECK ELIGIBILITY’ on this page.
  • Enter your 10-digit mobile number and the OTP sent to your phone.
  • Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
  • Now, click on ‘PROCEED’ to visit the loan selection page.
  • Enter the offer or loan amount that you need. Choose from our personal loan variants.
  • Choose the repayment tenure and click on ‘PROCEED’.
  • Complete your KYC and submit your application.

Our representative will contact you for further steps.

Some lenders may consider your application if you have a stable job, good repayment history, and meet other eligibility factors, even with a lower salary.

The loan amount depends on your credit score, existing liabilities, and employer profile. Generally, the approved amount is lower to match your repayment capacity.

No, most personal loans are unsecured, so collateral is usually not required, but eligibility depends on creditworthiness and lender-specific terms.  

Yes, some lenders may offer personal loans on a Rs. 10,000 salary, depending on eligibility, employer profile, and a satisfactory credit score.

Interest rates are usually higher for low-salary borrowers and vary based on credit score, income stability, and the lender’s policies.

Getting a low CIBIL Score personal loan Rs. 10,000 can be difficult, as lenders usually consider credit score, income, repayment history, and existing financial obligations before approving the application.

A monthly salary of Rs. 10,000 does not automatically qualify or disqualify you for a personal loan. Lenders evaluate multiple factors, including your income, credit score, existing EMIs, employment stability, and repayment capacity, before deciding your loan eligibility and the amount you may receive.

Personal loans are generally collateral-free, even for applicants with a low salary. However, loan approval and the amount sanctioned depend on the lender's eligibility criteria, including your income, credit profile, repayment capacity, and other internal assessment parameters.

First-time borrowers can apply for a personal loan even with a low salary. The lender assesses factors such as monthly income, employment stability, repayment capacity, existing financial obligations, and credit profile, if available, before making a lending decision.

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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