Personal Loan for Rs. 15,000 Salary

Personal Loan for Rs. 15,000 Salary

Check your eligibility for personal loan with your phone and OTP - apply online in minutes.

Rs. 40000 - Rs. 55 lakh

You may be eligible for a pre-approved offer

Enter mobile and OTP | Check offer | No branch visit needed

Looking for a quick and hassle-free financing option on a modest income? A personal loan for Rs. 15,000 salary can now help you cover essential expenses without delays or complicated procedures. Whether it's an urgent medical bill, a wedding to plan, educational needs, or a sudden travel plan, getting funds when you need them most is now easier and more accessible than ever.


✅ Check your pre-approved loan offer with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.


Even if your salary is below Rs. 15,000, you may still qualify by showcasing additional income sources such as freelancing, part-time work, rental income, or family support that demonstrates your ability to repay the loan.
 

With flexible tenures, competitive interest rates, and a fully digital application process, applying for a personal loan for Rs. 15,000 salary is now seamless and user-friendly. Enjoy instant approval and disbursal within 24 hours*, with no collateral required to secure your loan.


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Features and benefits of an instant personal loan for Rs. 15,000 salary

Swift approvals

Your application is processed instantly so you can plan your finances better with an instant loan online facility.


Easy documentation

Our loans require only a few  documents for personal loan so you can apply hassle-free.


Funds in 24 hours*

The loan amount is transferred to your bank account within the same day* of approval.


Versatile tenure

Repay EMIs within 96 months per your convenience.
 

Pre-approved offers

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.


No collateral required

Get the funds from this unsecured loan without pledging any collateral.


No hidden fees

Our loans do not have any undisclosed charges. Simply read the terms and conditions to make an informed choice.


Simplified loan management

Our virtual account management makes tracking EMIs, loan statements, and other activities easy.
 

Make borrowing simple and stress-free with our personal loan, which offers you fast and efficient loan processing. Our eligibility criteria are easy to meet, but if your salary is less than Rs. 15,000, then you must demonstrate your repayment ability to qualify. For instance, having other income sources can help you make EMI payments on time.


Our valued customers enjoy exclusive benefits like pre-approved loan offers. Simply fill out your basic contact details and enter the OTP to find out if you're eligible for an instant personal loan, even if your salary is less than Rs. 15,000. Check your eligibility today for a Rs. 15,000 personal loan tailored to your needs.


To get fast approval on your loan, keep the basic documents ready. Plan repayment with ease by using the personal loan EMI calculator.

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Eligibility criteria of personal loan for Rs. 15,000 salary

  • Eligibility criteria

    Use the Personal Loan Eligibility Calculator to check if you qualify instantly.

    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.


     

  • Documents required for an instant loan on Rs. 15,000 salary

    • 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.15000 salary earners

For Rs. 15,000 salary earners, the interest rate on personal loan typically depends on factors like credit score and loan tenure, these factors can influence the exact rate offered by lenders.


Calculate EMI for personal loan when salary is less than Rs. 15000

Calculating the EMI for a personal loan in salary ₹15,000 is essential for budgeting. Factors like loan amount, tenure, and interest rate will influence your monthly payments. Use an EMI calculator to find a suitable plan that fits your financial situation.


Sample EMI calculations for Rs. 15,000 salary:

Loan AmountTenureInterest RateMonthly EMIEMI as % of Rs. 15,000
Rs. 1,50,00060 months12%Rs. 3,33622.2%
Rs. 2,00,00072 months12%Rs. 3,58123.9%
Rs. 2,50,00084 months12%Rs. 4,00026.7%

EMI planning guidelines for Rs. 15,000 salary:

  • Optimal EMI ratio: Keep EMI below 30-35% of monthly income for comfortable repayment
  • Essential expenses first: Account for rent, food, transportation, and utilities before EMI allocation
  • Emergency buffer: Maintain some income buffer for unexpected expenses or income variations
  • Tenure selection: Choose longer tenures for smaller EMIs that fit your budget constraints
  • Additional income: Consider documenting extra income to qualify for higher amounts if needed
     

Budget management tip: With Rs. 15,000 salary, aim for EMIs between Rs. 3,000-4,500 to maintain comfortable living standards while meeting loan obligations effectively.

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How to apply for personal loans for a salary below Rs. 15,000?

  • The following steps highlight the easiest way to apply for a personal loan for Rs. 15,000 salary:

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. 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.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

    Our representative will contact you for further steps.

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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)

  • 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 facility charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Principal Holiday Facility Fees
  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

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.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour 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 Term Loan (Flexi Dropline): Up to 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.

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.