You never know when a need or requirement for money knocks on our door and many a times, we do not have enough savings to take over the financial challenge on our own. Personal loans exist for this very reason, to help take on any personal financial requirement with ease. However, not everyone qualifies for a personal loan due to the eligibility criterion of minimum income. If we are still on our first jobs and are barely managing to scrape by through our monthly expenses, how can we apply for a personal loan with such low salary?
Luckily, there are quite a few banks in India today that offer personal loans to applicants with monthly incomes starting at just Rs.10,000. What follow are some of the popular personal loans offered by banks for those with low salaries?
If you are looking for a quick approval and a minimum documentation process, then you can apply for a personal from Axis Bank:
Income criteria for this personal loan:
The minimum net monthly income required to apply for this loan is Rs.15,000.
HDFC Bank offers personal loan at competitive interest rates with 0 hidden charges:
Income criteria for HDFC personal loan:
You can apply for this personal loan by SBI for any and all legitimate purposes:
Income criteria for SBI personal loan:
This is a multi-purpose loan offered by ICICI Bank at competitive interest rates and a high loan quantum:
Income criteria for ICICI personal loan:
You can avail this personal loan from Punjab National Bank to cover any type of personal need:
Income criteria for PNB personal loan:
You do not need to earn a huge monthly salary to qualify for a personal loan. You only need to meet the minimum income requirement. So, comb through the available personal loan options available for your income band and apply for a personal loan today.