Rs. 40000 - Rs. 55 lakh
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Getting financial help on a modest income is now simpler than ever before. With a Rs. 12,000 salary personal loan, you can access funds quickly and efficiently to manage essential expenses like medical emergencies, educational needs, home repairs, wedding costs, or other important financial requirements.
This type of low salary personal loan is specifically designed for individuals with a lower monthly income but demonstrates strong repayment intent and financial responsibility.
✅ Check your eligibility with phone number and OTP → Apply online in 5 minutes → Receive funds within 24 hours*.
Why income-inclusive loans matter: Financial emergencies and opportunities don't discriminate based on income levels, and everyone deserves access to financial support when needed most.
Getting a low salary personal loan is now remarkably quick and hassle-free with online applications. You can apply in minutes from the comfort of your home, get fast approval through digital assessment, and receive disbursal within 24 hours*. Even with a monthly income of Rs. 12,000, you may be eligible for a Rs. 12,000 salary personal loan. Lenders offer flexible tenures and easy EMIs, making repayment stress-free and manageable within your budget constraints.
The minimum salary for personal loan varies by lender, but with Rs. 12,000 income, you can still access funds to cover urgent needs like medical bills, education expenses, or unexpected emergencies. Apply online today for instant approval and quick disbursement, depending on your eligibility.
Features and benefits of Rs. 12,000 salary personal loan
Personal loans for Rs. 12,000 salary individuals offer numerous advantages designed to make financing accessible and manageable for lower-income borrowers:
Speedy approval
Get instant approval once you meet our simple and inclusive eligibility criteria, ensuring you don't have to wait unnecessarily when urgent financial needs arise.
Why speed matters for lower incomes: People with modest incomes often can't afford to wait for lengthy approval processes when dealing with emergencies or time-sensitive opportunities.
Pro tip: Having all documents ready and accurate information can make the approval process even faster, perfect for urgent financial situations.
Same-day* access to money
Your loan amount is transferred directly to your bank account in just 24 hours* from approval, ensuring immediate access to funds when you need them most for urgent expenses.
Immediate access benefit: Quick funding means you can handle medical emergencies, educational deadlines, or urgent repairs without delays that could worsen your situation.
Up to 96 months to repay
Repay your loan by choosing a flexible tenure of up to 96 months, allowing you to select EMI amounts that fit comfortably within your Rs. 12,000 monthly budget without creating financial strain.
Budget-friendly advantage: Longer tenure options provide smaller EMIs that are more manageable for individuals with modest incomes, ensuring comfortable repayment without compromising essential expenses.
Smart budgeting example: A Rs. 2 lakh loan can be repaid over 84 months with EMIs around Rs. 3,200, which fits well within a Rs. 12,000 salary budget.
Zero collateral and basic documents
No need to pledge any valuable security or provide guarantors; simply complete your basic paperwork to get your personal loan instantly without risking your assets.
Online management of your loan
Access your loan account conveniently via our comprehensive customer portal, My Account, to view your statements, track payments, and manage your repayment schedule from anywhere.
Digital convenience: Online management allows busy individuals to track their loans without taking time off work or visiting branches, perfect for those working multiple jobs or long hours.
Complete transparency, no hidden fees
All terms and conditions are mentioned upfront in your loan agreement, ensuring complete transparency with no surprise charges that could strain your already tight budget.
Budget protection: Clear, upfront pricing helps individuals with modest incomes plan accurately and avoid financial surprises that could disrupt their monthly budget.
You need to meet simple eligibility criteria to qualify for a personal loan. These include maintaining a good CIBIL score, employment at a reputed company, and salary requirements as laid down by a non-banking finance company (NBFC) on its website. So, if your salary is less than Rs. 12,000, you can assure the lender that you have other sources of income such as freelancing, part-time work, or family support to repay your personal loan on time and meet your financial obligations.
Income optimization tip: Document all income sources including part-time work, freelancing, rental income, or family support to strengthen your loan application.
However, to improve your chances of getting approval for an instant personal loan for salary of Rs. 12,000 or for a personal loan for salary below Rs. 12,000, it's essential to meet all other eligibility criteria and submit the necessary minimum documents promptly and accurately.
With instant approval and disbursal in 24 hours*, the Bajaj Finserv Personal Loan is an ideal way to meet your financial needs. Be sure to use the Personal Loan EMI Calculator to plan repayment effectively and make an educated decision that fits your budget.
Eligibility criteria for a personal loan with Rs. 12,000 salary
You can easily get the funds you need with the below criteria:
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Eligibility criteria
- Nationality: Indian
- Age: 21 years to 80 years.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years or younger, at the end of the loan tenure.
You can check the Personal Loan Eligibility Calculator to estimate your eligibility.
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Documents required for a personal loan with Rs. 12,000 salary
One of the biggest benefits of this loan is minimal paperwork. In many cases, if you are an existing customer, you may not need to submit any documents at all. However, if required, the basic personal loan documents include:
- 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
- Phone bill
- Real-time image / photograph
- Ration card
Check your eligibility for personal loan using just mobile number and OTP – 100% online process.
Interest rate on personal loan for Rs. 12,000 salary earners
The personal loan interest rates for Rs. 12,000 salary earners typically depend on various factors. Understanding these rates is crucial for managing your finances and ensuring affordable monthly repayments. Always compare offers from different lenders. Use an interest calculator online to compare loan offers and make informed decisions.
If you're considering a personal loan for a salary below Rs. 12,000, calculating your EMI is crucial. An EMI calculator helps you assess your monthly payments based on loan amount, tenure, and interest rate, ensuring you choose a loan that fits your budget.
Purpose of personal loan for Rs. 12,000 salary
A personal loan for Rs. 12,000 salary can help manage everyday needs and urgent expenses with ease, providing financial flexibility despite modest income levels. With minimal paperwork, flexible repayment terms, and quick online approval, individuals with lower income can still access timely financial support.
Higher education
Planning to upskill or pursue further education? Even with a personal loan salary less than Rs. 12,000, you can fund tuition fees, certification courses, or professional development with an instant loan for higher education designed specifically for academic expenses.
Education investment benefit: Upskilling can lead to salary increments and better career opportunities, making education loans a smart investment for future income growth.
Medical emergencies
Facing a sudden health emergency? Get fast access to funds with an personal loan for medical emergency, even if your income is Rs. 12,000 per month, ensuring you don't delay critical healthcare due to financial constraints.
Health priority: Medical emergencies can't wait for salary increments, and immediate access to healthcare funding can be life-saving for individuals with modest incomes.
Wedding expenses
Handle essential wedding arrangements stress-free with an personal loan for wedding, perfect for those applying for a personal loan online with a low salary of Rs. 12,000 who want to celebrate life's important moments.
Celebration support: Life's special moments shouldn't be compromised due to income limitations, and wedding loans help create memorable celebrations within budget.
Home essentials
Looking to furnish or improve your home? Opt for a personal loan for home expenses, suitable for individuals earning under Rs. 12,000 per month who want to create comfortable living spaces.
Living comfort: Basic home improvements and essential appliances enhance quality of life and can be affordable with proper loan planning.
Travel plans
Don't delay your much-needed getaway. A personal loan for travel can help you plan that much-needed break—even with a Rs. 12,000 salary, ensuring work-life balance and mental health.
Wellness investment: Travel and breaks are essential for mental health and productivity, making them worthwhile investments even for individuals with modest incomes.
Additional practical uses:
- Emergency repairs: Vehicle maintenance, home repairs, or appliance replacement
- Debt consolidation: Combining multiple high-interest debts into one manageable payment
- Business investment: Small-scale business setup or equipment purchase for income generation
- Technology needs: Laptop, smartphone, or other essential technology for work or education
- Family support: Supporting family members during emergencies or important events
How to apply for a personal loan with a salary less than Rs. 12,000?
- 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.
Personal loan on a low salary
Personal loan for salary less than Rs. 10,000 | Personal loan for salary less than Rs. 15,000 | Personal loan for salary less than Rs. 20,000 | Personal loan for salary less than Rs. 25,000 |
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee |
Applicable charges |
Rate of Interest per annum |
10% to 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge |
Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi facility charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Principal Holiday Facility Fees |
Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges) |
Bounce charges |
Up to Rs. 1,200 per bounce. |
Pre-payment charges |
Full pre-payment
Part pre-payment
*Foreclosure will be processed post clearance of first EMI |
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 Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
Broken period interest / Pre-monthly Instalment interest |
Method of recovery of "Broken Period Interest/Pre monthly instalment Interest" would be as follows:
Scenario 1: If Loan is disbursed on 1st or post 10th of the month: |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
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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*.