A personal loan for Rs. 12000 salary is now within reach. You can now get quick financial assistance with flexible terms and minimal documentation. Whether it’s for a wedding, education, or a medical emergency, you can get the funds you need without hassle. Apply for a personal loan online and enjoy a smooth, paperless experience tailored to your needs and repayment capacity.
Features and benefits of Rs. 12,000 salary personal loan
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Get instant approval once you meet our simple eligibility criteria.
Speedy approval
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Same-day* access to money
Your loan amount is transferred to your bank account in just 24 hours* from approval.
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Upto 96 months to repay
Repay your loan by choosing a tenure of up to 8 years.
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Zero collateral and basic documents
No need to pledge any security; complete your paperwork to get your personal loan instantly.
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Online management of your loan
Access your loan account via our customer portal, My Account, to see your statements and manage your repayment.
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All terms and conditions are mentioned upfront in your loan agreement.
Complete transparency, no hidden fees
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
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.
Eligibility Criteria For a Personal Loan with Rs. 12,000 Salary
To qualify for a personal loan eligibility of Rs. 12,000 salary, you typically need to meet age, employment stability, and credit score requirements. Lenders also consider your existing financial obligations to assess your repayment capacity.
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Indian
Nationality
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Age
21 years to 80 years*
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CIBIL score
685 or higher
You can check the Personal Loan Eligibility Calculator to estimate your eligibility.
*Terms and conditions apply
Documents required For a Personal Loan with Rs. 12,000 Salary
Our Insta Personal Loan provides pre-approved offers, and minimal documentation is one of the most significant advantages. In some cases, you might not even need to provide any documents. In case you are asked for documents, you will only need the following:
- 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 interest rate on personal loan 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% of the loan amount (inclusive of applicable taxes). |
| Flexi Fee | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
Rs. 700 to Rs. 1,200 per bounce. |
Part-prepayment charges |
Full prepayment
Part-prepayment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract penal charge of Rs. 8 - Rs. 12 per day 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 |
Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan. Method of recovery of Broken Period Interest/pre-monthly instalment interest:
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Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
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.
How to apply for a personal loan with a salary less than Rs. 12,000?
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
Frequently Asked Questions
The city in which you reside, and your income are two of the most important eligibility requirements for a personal loan. A minimum salary of Rs. 25,001 is required.
Several factors impact the eligibility for a personal loan, here is a quick look:
- Credit Score
- Monthly income
- Nationality
- Age
- Existing debt
- Relationship with the lender
You can choose to apply for a personal loan with a co-applicant to boost the chances of approval.
To get our personal loan, you need to have a credit score of 685 or higher.
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.
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.
For a Bajaj Finance Insta Personal Loan, the processing fee is up to 3.93% of the loan amount (inclusive of applicable taxes).
Bajaj Finance Limited is one of the top NBFCs in India that offers personal loans with simple eligibility criteria and minimal documents.
Securing a personal loan with a Rs. 12,000 salary can be challenging due to strict eligibility criteria. Lenders typically assess your credit score, existing debts, and overall financial stability before approval.
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.
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.
Not always. But adding a guarantor or co-applicant can help improve approval chances, especially when income is on the lower side.
