Ample Loan Amount
For salaried individuals earning Rs 15,000 monthly, our personal loan offers up to Rs 5,00,000, helping you meet your financial goals effortlessly.
Personal Loan for 15000 Salary
Easy Digital Process
Minimum Salary Required ₹15K
Instant Approval
Personal Loan EMI Calculator
Get Instant Personal Loan for Rs 15,000 Salary
Need a quick financial boost for an unexpected expense or a big dream? Hero FinCorp offers hassle-free Personal Loans for those with a Rs 15,000 salary. So, if your salary is Rs 15,000 per month, you can get an instant loan of Rs 5 Lakh. Embark on your financial journey with Hero FinCorp's Instant Personal Loan. Experience instant loan processing, minimum documentation, and quick disbursal to meet your diverse financial needs.
EMI on a Personal Loan for Rs 15,000 Salary for Tenures of 12-36 Months
Taking a loan of Rs 50,000 at a 19%* t&c Apply interest rate might make you think about what your actual EMI would be. Well, with an EMI calculator, you will get an idea of what your repayments would look like. For instance, a shorter tenure of 12 months leads to a higher EMI of Rs 4,608, while a longer tenure of 36 months brings down the EMI to Rs 1,833. This makes choosing the suitable tenure crucial for balancing affordability and repayment speed. Here's a detailed view:
| Loan Amount | Interest Rate* | Tenure (in months) | EMI (in Rs) |
| 50,000 | 19% | 12 | 4,608 |
| 50,000 | 19% | 24 | 2,520 |
| 50,000 | 19% | 36 | 1,833 |
Features and Benefits of 15,000 Salary Personal Loan
The Rs 15K criteria for our salaried applicants come with various features and benefits. This includes a high loan amount (up to Rs. 5 Lakh), flexible repayment tenures (12-36 months), and more:
Attractive Interest Rate
Our loan interest rates are competitive, making our Personal Loan available to anyone.
Collateral-Free
Our personal loans are collateral-free, requiring no security, making the process faster, simpler, and hassle-free.
Flexible Repayment Tenure
Our personal loans offer flexible repayment tenures from 12 to 36 months, allowing you to choose a plan that fits your finances.
Instant Approval and Disbursal
Our personal loans offer instant approval and disbursal, with funds credited within hours, helping you handle urgent expenses effortlessly.
Eligibility Criteria for Personal Loan on Rs 15,000 Salary
Our Personal Loan is designed to meet the financial needs of Rs 15,000 salaried individuals. To be eligible for the loan, you need to meet certain criteria. Here are the eligibility criteria for our Personal Loan:
Age
You need to be between 21 and 58 years of age to be eligible for our Personal Loan.
Citizenship
You must be a resident Indian citizen to avail of our Personal Loan.
Work Experience
Salaried - a minimum work experience of 6 months; self-employed - a minimum work experience of 2 years.
Monthly Income
You must have a minimum monthly salary of Rs 15,000 to be eligible for our Personal Loan.
Documents Required to Get Loan on 15K Salary
At Hero FinCorp, we offer a Personal Loan for salaried individuals with a monthly income of Rs 15k. To apply for the loan, you need to submit certain documents. We have different documentation requirements for salaried and self-employed individuals. Here is an overview of the documents required for salaried employees:
Identity Proof
Driving licence, passport, PAN card, or Aadhaar card
Address Proof
Driving licence, passport, Aadhaar card, ration card, or utility bill
Ownership Proof
Residence ownership proof like electricity bills or property documents
Income Proof
Last six months' salary slips, previous six months' salary account statement, Form 16, and job continuity proof.
Interest Rates and Charges on Loan for Rs 15,000 Salary
We offer competitive interest rates of up to 30% to make our Personal Loan manageable and accessible to everyone. Our processing fee ranges from 2.5% to 3.5%, depending on the loan amount and repayment tenure. We do not charge any prepayment charges, but we have a foreclosure charge of 5% + GST. Additionally, we charge Rs 350/- as EMI bounce charges.
How to Apply for a Rs 15,000 Salary Personal Loan?
Applying for a Personal Loan with us is simple and hassle-free. Here are the steps to apply for our Personal Loan online.
- 1
Download and install the Hero FinCorp Instant Personal Loan app.
- 2
Register using your mobile number.
- 3
Enter a few necessary details like your personal, professional, employment, and financial information.
- 4
Scan and upload the required documents, including your identity, address, and income proofs.
- 5
Get approval with a loan offer after the verification.
- 6
Accept the loan offer to initiate the disbursal process.
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Frequently Asked Questions
Use an EMI calculator online and input the loan amount, interest rate, and tenure to calculate the EMI.
It depends on the loan amount, interest rate, and tenure. Use an online Personal Loan EMI calculator to get an estimate.
Hero FinCorp offers Personal Loans to individuals with no credit history. Alternatively, you can ask someone with a good credit history to be your co-applicant.
The minimum salary for a Personal Loan ranges from Rs. 15,000 and more depending on the lender’s policies.
It depends on your financial requirements. A secured loan might be best if you need funds for a specific purpose, such as buying a home or a car. An unsecured Personal Loan might be better if you need funds for general purposes.