Can i get a personal loan if my salary is Rs 15,000?

Are you restlessly researching ‘personal loan salary less than Rs 15,000′ online? Do you need immediate funds but are finding it difficult to raise the money? Don’t worry; an instant loan app can help you. Nowadays, many online loan apps offer loans within the borrower’s salary limits. The best thing about such online facilities is that there is no need for you to visit the lender’s office, wait in long queues for hours, or even submit several documents for loan approval. Yes, you read it right. Now, almost everything has become paperless. You just have to take care of a few requirements and your loan will be approved without any ado.

Let’s look at how you can avail of a personal loan if your monthly salary is Rs 15,000.

Choose from a Wide Range of Personal Loans

When you need funds, what is better than availing of a personal loan instantly? Once you shortlist the online loan app to apply for the loan, you can choose from a wide range of personal loan options such as:

Marriage Loan

Marriage is a once-in-a-lifetime event, and absolutely nobody should have to compromise on wedding expenses. You can easily opt for a marriage loan to carry out the wedding preparations with utter integrity. Let your loved one’s special day be their prized memory by letting them choose the most exotic venue, their dream attire, best caterers, and more.

Travel Loan

Who doesn’t like to go on a vacation or explore new places? We say, take a break once in a while. Don’t tie yourself up at home or the workplace when there is so much the world has to offer. Explore new places and the unchartered nooks and crannies of the world by opting for a travel loan. Experience the best tours with hassle-free travel facilities made available with the help of a travel-specific personal loan.

Consumer Durable Loan

Quality of life is important. While it is important to save up for the rainy day, it is just as important to indulge in things you love and experience good things in life now and then. A consumer-durable loan will facilitate the purchase of high-end goods such as new gadgets, home electronic products and more.

Eligibility Criteria for an Instant Personal Loan 

Now that you’re aware of the various personal loan options, let us look at the eligibility criteria for an immediate personal loan. If your monthly salary is Rs 15,000 and you need a loan right away, you can opt for a personal loan if you meet the following criteria:

Salaried Applicants 

If you are a full-time employee or professional aged between 21 years and 58 years, you are eligible to apply for an instant personal loan. Irrespective of where you are based, metro or non-metro city, you must have a minimum income of Rs 15,000 per month.

Self-employed Applicants

If you have been in a constant quest for an instant personal loan as a self-employed person or freelancer, then your search ends here. The eligibility criteria require you to be aged between 21 years and 58 years and submit a six-month bank statement for your most active bank account. That’s it.

Documents Needed to Avail of a Personal Loan with a Monthly Income of Rs 15,000

Once you have found the best online loan app and made sure that you meet all the eligibility requirements, the next step is to keep the required documents handy. Save a digital copy of your documents so that you can upload them as and when needed. This is critical in getting your loan approved. The documents you need include:

  • Your bank account details, PAN Card, Aadhaar Card, KYC documents, the mobile number linked to your Aadhaar Card, and your Smart Card Driving Licence.
  • The applicant’s past six months’ bank statement.
  • Particulars about the company or your employer along with your job experience under the company/employer.
  • In the end, your credit score will reflect your ability to repay loans on time.

Final Step: Apply Through an Online Loan App

Now that you know what all is needed to apply for a loan, follow these steps to apply for an instant personal loan through an online loan app:

  • Go through the eligibility criteria.
  • Considering your requirement, choose from the offered variety of personal loans.
  • Upload soft copies of the required documents.
  • Last but not the easiest step, patiently wait for your loan to be approved.

Once the documents are verified successfully, the loan will be approved instantly and you will receive the loan amount in your bank account.


Do not let the salary of Rs 15,000 a month hamper your hopes of availing of a personal loan in the time of need. Just make sure you meet the eligibility criteria and choose the right online loan app to meet your fund requirement.


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