What factors affect the eligibility for a personal loan?

Several factors impact the personal loan eligibility document, here is a quick look: Credit Score Monthly income Nationality Age Existing debt Relationship with the lender

Personal Loan for Rs. 12000 Salary - Apply for Rs. 12,000 Salary Loan

Getting financial help on a modest income is now simpler than ever. With a Rs. 12000 salary personal loan, you can access funds quickly to manage essential expenses like medical emergencies, educational needs, home repairs, or even wedding costs. This type of low salary personal loan is designed for individuals with a lower monthly income but a strong repayment intent.

Thanks to digital advancements, you can now apply for an instant salary loan online without lengthy paperwork or long waiting times. These loans offer fast approvals, minimal documentation, and disbursal within 24 hours*, helping you handle urgent financial needs without stress.

What’s more, the process is entirely paperless and tailored to your repayment capacity. Even with a monthly salary of Rs. 12,000, you can still enjoy flexible loan tenures and manageable EMIs.

If you are looking for quick funds and a hassle-free process, a low salary personal loan could be your ideal solution. Apply online now and take control of your financial goals with ease.

Speedy approval

Get instant approval once you meet our simple eligibility criteria.
Same-day* access to money

Your loan amount is transferred to your bank account in just 24 hours* from approval.
Upto 96 months to repay

Repay your loan by choosing a tenure of up to 8 years.
Zero collateral and basic documents

No need to pledge any security; complete your paperwork to get your personal loan instantly.
Online management of your loan

Access your loan account via our customer portal, My Account, to see your statements and manage your repayment.
Complete transparency, no hidden fees

All terms and conditions are mentioned upfront in your loan agreement.

You need to meet the simple eligibility criteria to qualify for a personal loan. These include a high 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, assure the lender that you have other sources of income to repay your personal loan on time.

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.

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 and make an educated decision.

*Terms and conditions apply

Calculate EMI for Personal Loan with a Salary of Rs. 12,000

Apply for a personal loan salary of Rs. 12000 with quick approval, disbursal within Rs. 55 lakh*, and flexible tenures.

Documents required For a Personal Loan with Rs. 12,000 Salary

Applying for a low salary personal loan has become simpler with the availability of pre-approved offers through Insta Personal Loans. If your monthly income is Rs. 12,000, you may still qualify, as this often meets the minimum salary for personal loan eligibility set by many lenders. With Bajaj Finance, even individuals with modest incomes can apply for personal loans easily.

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 such as Aadhaar, passport, driving license, voter’s ID, or a Letter of National Population Register
PAN card
Cancelled cheque
Bank account statements for the last 3 months
Salary slips for the last 3 months

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.

Personal loan interest rate and applicable charges

Type of fee	Applicable charges
Rate of interest	10% to 31% p.a.
Processing fees	Up to 3.93% (Inclusive of applicable taxes) of the loan amount.
Flexi Fee	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the Flexi charges above are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	Up 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: Foreclosure can be processed post clearance of first EMIs. Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. Flexi Hybrid Loan: Up 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment. Part-prepayment 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 Loan (Flexi Dropline) 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 Loan (Flexi Dropline): 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 0.295% (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

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

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. With minimal paperwork, flexible repayment terms, and quick online approval, individuals with a lower income can still access timely financial support.

Higher education

Planning to upskill? Even with a personal loan salary less than Rs. 12,000, you can fund tuition or certification courses with an Instant Loan for higher education designed for academic expenses.

Medical emergencies

Facing a sudden health emergency? Get fast access to funds with an Insta Personal Loan for medical emergency, even if your income is Rs. 12,000 per month.

Wedding expenses

Handle essential wedding arrangements stress-free with an Insta Personal Loan for wedding, perfect for those applying for a personal loan online with a low salary of Rs. 12,000.

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.

Travel plans

Don't delay your getaway. A personal loan for travel can help you plan that much-needed break—even with a Rs. 12,000 salary.

Here is our detailed guide to applying for a personal loan with Rs. 12,000 salary online:

1 Click on ‘Apply Online’ to go to the online application form
2 Enter your mobile number and authenticate your data with an OTP
3 Fill in basic personal and employment details
4 Upload the necessary documents for our verification and submit the form

To guide you on the next steps of getting your loan, our representative will get in touch with you.

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

Frequently Asked Questions

The minimum salary required to get a Bajaj Finance Personal Loan is Rs. 25,001, depending on the city you live in. You can choose to apply with a co-applicant in case you fall short of the eligibility criteria.

Several factors impact the personal loan eligibility document, here is a quick look:

Credit Score
Monthly income
Nationality
Age
Existing debt
Relationship with the lender

To get our personal loan, you need to have a credit score of 685 or higher.

Yes, applying with a co-applicant can enhance your eligibility for a personal loan. A co-applicant with a stronger credit profile or higher income can improve approval chances and potentially secure better interest rates.

Not always. But adding a guarantor or co-applicant can help improve approval chances, especially when income is on the lower side.

You can choose to apply for a personal loan with a co-applicant to boost the chances of approval.

With a salary below Rs. 12,000, the maximum loan amount typically depends on lender policies. Your eligibility is influenced by factors like credit score and repayment capacity.

Yes, getting a personal loan with a Rs. 12,000 salary may be easier in metro cities due to wider access to digital services and faster application processes.

When looking for the best bank or NBFC for a salary based loan, Bajaj Finance stands out. It offers personal loans with simple eligibility criteria, minimal documentation, and quick processing, making it a preferred choice for salaried individuals.

Getting a loan for a salaried person earning Rs. 12,000 can be challenging, as lenders closely evaluate credit history, existing debts, and financial stability before approving the application.

For a Bajaj Finance Insta Personal Loan, the processing fee is up to 3.93% of the loan amount (inclusive of applicable taxes).

To apply for our Personal Loan, you need to submit salary slips for the last 3 months. However, you can check if you have an Insta Personal Loan offer.

Yes, some lenders offer a personal loan for salary less than Rs. 10,000, but approval depends on your credit score, job stability, and existing financial obligations.

Improve your chances by maintaining a good credit score, applying with a co-applicant, choosing a lower loan amount, and providing proof of stable income and employment.

The personal loan for salaried individuals varies by profile. You can get an instant personal loan for salaried professionals up to Rs. 55 lakh, based on eligibility.

Yes, you can salary loan apply online in minutes through trusted platforms, enjoy fast approvals, minimal documentation, and a completely paperless experience.