Return to site

How Much Salary Do You Need to Qualify for a Personal Loan

· online personal loan,personal loan online,eligibility criteria
broken image

Do you need some money to cover your multiple needs like debt consolidation, business expansion and home improvements and more? You don’t need to worry as an online personal loan can help you fulfil all your needs and wishes without hassles.

But other than meeting standard loan eligibility criteria and submitting some basic documents, you should also be earning a specific salary to qualify for it. Go through this post, and we will guide you!

Must Read:To Avail A Personal Loan Check How Much Salary Do You Need

  1. Rs.25,000

If you are living in cities like Indore, Goa, Lucknow, Vizag, Baroda, Nasik, Bhubaneswar, Bhopal, Madurai, Kolhapur, Aurangabad, Mysore, Trichy, Vapi, Raipur, Vijayawada, Trivandrum, Rajkot or Jodhpur, then you need to earn a minimum of Rs.25,000 to avail an online personal loan with a leading lender in India.

2. Rs.28,000

If you live in Jaipur, Cochin, Nagpur, Chandigarh and Surat and earn Rs.28,000 per month, then you can qualify for an online personal loan in these cities of India.

 

3.Rs.30,000

If you wish to apply for an online personal loan with a reputed lender and get a higher amount, then you should be earning Rs.30,000 in cities like Kolkata and Ahmedabad.

 

4.Rs.35,000

Do you live in cities like Mumbai, Bangalore, Delhi, Chennai, Pune, Hyderabad, Thane, Ghaziabad, Coimbatore and Noida and earn a monthly Salary of Rs.35,000? If yes, then you may be eligible to apply for an online personal loan in any of these cities.

Once you have an idea about your salary range and the city that you live in, you can apply for an online personal loan using these steps:

Step 1 – Land on the personal loan page of your lender and look for the ‘apply now’ button on it. You will need to fill your personal, employment and financial details.

Step 2 – Select the loan amount and tenor as per your needs and get quick approval.

Step 3 – Submit the required documents for personal loan with the representative of the lender, who will contact you.

Step 4 – If everything is fine, you will receive the desired loan amount into your bank account in 24 hours.

What are you waiting for? You can apply for an online personal loan and start covering your needs and wishes!