Features and benefits of Rs. 12,000 salary personal loan

  • Speedy approval

    Speedy approval

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

    Same-day* access to money

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

  • 96 months to repay

    96 months to repay

    Repay your loan by choosing a tenor of up to 8 years.

  • Zero collateral and basic documents

    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

    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

    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, 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. 12,000 salary.

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

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Eligibility criteria

  • Nationality

    Nationality

    Indian
  • Age

    Age

    21 years to 80 years*

  • CIBIL score

    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 Rs. 12,000 salary personal loan

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

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

What is the minimum salary required for a personal loan?

The city in which you reside and your income are two of the most important eligibility requirements for a personal loan. Bajaj Finserv Personal Loan requires a minimum salary of Rs. 25,001 depending on the city in which you reside.

What factors affect the eligibility for a personal loan?

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
What are the other options to get a personal loan for Rs. 12,000 salary earners?

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

How much credit score do I need for a Rs. 12,000 loan?

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

Can I get a personal loan if my salary is Rs. 12,000?

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.

Can I get a loan on my first salary?

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.

How much processing fee is charged on a Rs. 12,000 salary loan?

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

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