Personal Loan for Rs. 10,000 Salary

The eligibility parameters for Bajaj Finance and most other lenders require you to have a good CIBIL Score and a reasonably high salary at a reputable organisation to qualify for a personal loan. Therefore, if your salary is less than Rs. 10,000, you may need to convince the lender about alternative sources of income that you intend to use to repay your personal loan.
 

However, it is ideal that you meet all other eligibility criteria and submit all the minimum documents necessary to stand a chance of getting approval on your application for a personal loan for Rs. 10,000 salary. You can also check if you already have a pre-approved offer.

✅  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.
 

What is the EMI for a Rs. 10,000 instant loan?

The EMI (Equated Monthly Instalment) for a personal loan depends on factors like the loan amount, interest rate, and repayment tenure. To calculate the EMI for a Rs. 10,000 instant loan, use the formula:
 

EMI = P × r × (1 + r)^n / [(1 + r)^n – 1]

Where:

• P = Principal loan amount (Rs. 10,000)
• r = Monthly interest rate (Annual rate ÷ 12)
• n = Loan tenure in months

For example, if the annual interest rate is 10%, and the loan tenure is 12 or 24 months, your EMI will be:

*Terms and conditions apply

Quick approval

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

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.
 

Repay the loan in 96 months

Choose a tenure of up to 8 years to repay your loan.
 

No collateral, minimal paperwork

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

Online loan account

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

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.
 

Fees and charges for Rs. 10,000 instant loan

When applying for a Rs. 10,000 salary personal loan, it is crucial to understand not just the interest rate but also the additional fees and charges involved. Lenders may apply a processing fee, application fee, or even late payment penalties that add to the overall borrowing cost. If you need an urgent loan of Rs. 10,000, choosing a trusted financial institution with transparent policies helps you avoid hidden costs. For those seeking quick funds, a Rs. 10,000 instant loan can be a reliable option, provided you carefully review the loan agreement, repayment terms, and eligibility criteria to ensure smooth and stress-free borrowing.

Additional read: Know all about the personal loan Interest rates.

*Terms and conditions apply.

Personal loan on low salary less

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.