Features and Benefits of Personal Loan for Rs.20,000 Salary

  • Quick approval

    Quick approval

    Your loan approval is instant, provided you meet our simple eligibility criteria.

  • Hassle-free documentation

    Hassle-free documentation

    Simple paperwork ensures that application for a personal loan is easy.

  • Transfers within 24 hours*

    Transfers within 24 hours*

    Access the funds in your bank account within 24 hours* of approval.

  • Adjustable tenor

    Adjustable tenor

    Choose the repayment period best suited for you, ranging up to 96 months.

  • No guarantee required

    No guarantee required

    The loan approval is fast and does not require any collateral or guarantor.

  • No extra charges

    No extra charges

    Bajaj Finserv Personal Loan has no hidden charges involved. Read all terms and conditions to make an informed decision.

  • Pre-approved loan offers

    Pre-approved loan offers

    Existing customers are eligible for personalised offers, through which they can get funds in just a few hours.

  • Easy online access

    Easy online access

    Virtual access to your loan account through My Account simplifies tracking statements, EMIs, and other loan details.

Expect fast approvals on personal loans when you choose Bajaj Finserv. Apply for a loan with just a few documents on meeting our simple eligibility criteria. A high CIBIL score is crucial, as is a steady, reliable income. You must ensure you have a repayment plan in place for quick approval while applying for a personal loan for salary less than Rs. 20,000.

Whether it is for urgent medical emergencies or higher education, our loans come with an attractive interest rate. The collateral-free loans don’t need you to pledge an asset as security or have restrictions on end-use.

Make use of the Personal Loan EMI Calculator to plan repayment in advance.

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Eligibility criteria

  • Nationality



  • Age


    21 years to 80 years*

  • CIBIL score

    CIBIL score

    685 or higher

Use the Personal Loan Eligibility Calculator to see if you qualify.

Interest rates and charges applicable on a personal loan for Rs.20,000 salary

The fees and charges are minimal for a low salary personal loan. Read the personal loan interest rates and charges carefully for a better understanding.

How much personal loan can I get on Rs. 20000 salary?

The amount of personal loan for the Rs. 20,000 salary you can get depends on factors like your credit score, existing debts, and the lender's policies. Typically, lenders consider your monthly income, expenses, and creditworthiness to determine the loan amount. It's advisable to check with specific lenders for accurate information on Rs. 20000 salary loans.

How to apply for a personal loan with a salary less than Rs. 20,000?

You can follow the steps below for an easy application:

  1. 1 Click on ‘APPLY ONLINE’ and go to the online application form page
  2. 2 Enter the remaining details pertaining to your job and income
  3. 3 Submit the basic documents along with the form

Our representative will guide you through the next steps of loan processing by getting in touch with you shortly.

*Conditions apply

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Frequently asked questions

How to get a Rs. 20,000 loan urgently?

Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below to get an offer.

  1. Click on ‘CHECK OFFER’.
  2. Enter your 10-digit mobile number and OTP.
  3. Go with the pre-assigned limit or choose a different loan amount.
  4. Choose a repayment tenure that suits you best.
  5. Click on ‘PROCEED’ to complete the online process.

The online process may differ depending on whether you are a new customer or have an existing relationship with us.

How can I get a Rs. 20,000 loan without documents?

Depending on their profile, select customers can get our Insta Personal Loan without having to submit any documents.

How to check my eligibility for an emergency loan of Rs. 20,000?

You can check the eligibility criteria and documents required for Insta Personal Loan by clicking here.

What CIBIL Score is required to avail of a Rs. 20,000 instant loan?

We look at several parameters before preparing your Insta Personal Loan offer, including your credit score, financial history, income details and more. Since we verify your credit score, you do not need to be aware of your score before checking your pre-approved loan offer.

However, keeping a tab on your credit health every few months is good practice. One of the easiest ways to do this is to use the Credit Pass offered by Bajaj Finserv. Share a few basic details on the link below and get your credit score – for free.

Check your credit score for free

How much personal loan can I get on Rs. 20000 salary?

The amount of personal loan with below Rs. 20,000 salary depends on factors like credit history and the lender's policies. It's advisable to explore options with various lenders.

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