Am I Eligible for a Personal Loan at 14000 Salary

Am I Eligible for a Personal Loan at 14000 Salary?

You are eligible for a personal loan at 14000 salaries in India. The minimum loan amount is Rs. 50,000 to the maximum loan amount is Rs. 5 lakh. The loan repayment tenure is 6 to 36 months.

The interest rate starts from 18% to 21% per annum. Money will credit to the bank account within 5 days.

Personal Loan Quick Recap

CompanyWerize
Loan AmountUp To 5 Lakh
Interest Rate18% to 21% p.a.
Tenure1 -3 years
Age Required23 -55 years
Income Required14,000 Net Salary
Processing FeesUp to 3% of the loan amount
Eligible ForSalaried Person

What is Personal Loan?

A personal loan is an unsecured loan that is available for a salaried person. This is a fast loan process. You can apply for a loan for personal use.

You can use a personal loan for different uses like medical expenses, education purposes, buying a car, home renovation, weddings & other uses. Also, you can pay credit card bills through a personal loan. There is no restriction on uses.

Also Read: Top 5 instant loan apps in India

Features & Benefits of Personal Loan

Fast Approval: Personal loan approval within 5 days. This is a fast loan process.

 Less Documents: Your KYC, salary slip & bank statement is the most important document for a personal loan. No other documents will require.

Top-up Loan: You will get the top-up loan facility after 4 successful EMI.

No Hidden Charges: No other extra charges are included. Processing charge, Insurance charge, and GST charge is the main part.

Repayment Tenure: Personal loan repayment tenure is 6 to 36 months.

Pre-close Facility: You can pre-close the loan after 6 successful EMI.

Higher Loan: You can get up to a 5 lac personal loan at a 14,000 salary. Bank will check other eligibility criteria also.

Also Read: Kreditbee Personal Loan 

Personal Loan Eligibility Criteria

You should fulfill the eligibility criteria before applying for a personal loan. There are:

  • Indian Citizen
  • Applicant age requires 23 to 55 years
  • Net Salary should be 12,000 or above
  • Salary should be credited to the bank account
  • -1 or 720+ CIBIL require
  • Not defaulter on the previous loan
Also Read: Personal loan for Minimum salary 13000

Documents Required for Personal Loan

  • Pan Card
  • Aadhaar Card
  • Recent 3 month’s salary slip
  • 1 years salary account statement pdf format
  • Electricity bill or Gas bill for residential proof
  • Co-applicant Pan Card
  • Co-applicant Aadhaar Card

Interest Rate & Other Charges

Processing ChargeUp to 3% + GST
Insurance ChargeUp To 2% of the loan amount
Interest Rate18% to 21% p.a.

How to Apply for a Personal Loan

Step 1: Click on the “Apply Werize Loan” button

Step 2: Fill up the form carefully

Step 3: Enter the address & pin code

Step 4: Upload Pan Card, Aadhaar Card on both sides, Salary Slip & 1 yr Bank Statement in pdf format.

Step 5: Now, the bank will check your eligibility

Step 6: After the eligibility check, you will get the loan offer.

Step 7: Now submit your Electricity bill or Gas bill for residential proof.

Step 8: Send Co-applicant Pan Card & Aadhaar Card

Step 9: Now the bank will send e-KYC & e-mandate link

Step 10: Complete this process to get the money

FAQs on Personal Loan

How much loan can I get at 14,000 salaries?

You can get up to 5 lakh instant loans at 14,000 salaries. Bank will check other eligibility criteria like previous loan track, and debt of income.

Can I apply for a loan with 650 CIBIL scores?

You are not eligible to apply for a personal loan at a 650 credit score.

What is the personal loan interest rate?

The personal loan interest rate starts from 18% to 21% per annum. But if you have 25,000 salaries, the interest rate will be 9.65% to 13% per annum.

Can I apply for a loan from anywhere in India?

You can apply for a loan from anywhere. This is a pan India loan facility available through 24hrloan.

What is the minimum salary required to get a personal loan?

A minimum of 12,000 net salaries is required to apply for a personal loan. You can get up to a 5 lac instant loan.

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