Can I get Personal Loan if my Salary is 12000

Can I get Personal Loan if my Salary is 12000?

Yes, you can get up to a 5 lakh personal loan at a 12,000 net salary. The repayment tenure is up to 36 months with an 18% to 22% per annum interest rate.

You will get instant approval within 6 days. Don’t require visiting any branch. This is a fully digital process.

Personal Loan Quick Recap

CompanyWeRize
Loan AmountUp To 5 Lakh
Interest Rate18% to 21% p.a.
Tenure1 -3 years
Age Required23 -55 years
Income Required12,000 Net Salary
Processing FeesUp to 3% of the loan amount
Eligible ForSalaried Person

Benefits & Features of Personal Loan

Quick Process: This is a fast & quick loan process. You will get the loan within 6 days.

100% Digital: Get a personal loan that is 100% digital. Don’t need to give physical documents. Just upload documents at loan application time.

Fewer Documents: Minimum documents required to apply for a personal loan.

Flexible EMI: Choose a flexible EMI with 36 months of repayment tenure.

Higher Loan Amount: You can get up to a 5 lakh personal loan at a 12,000 salary.

Affordable Interest Rate: The interest rate starts from 18% to 21% per annum.

No Extra Charges: there are no hidden charges. You will get the details at loan agreement time.

Also Read: L&T Finance Personal Loan

Eligibility Criteria

  • Indian Citizen
  • Age should be 23 to 55 years
  • Not defaulter at previous loan
  • -1/700+ CIBIL Score
  • Net 12,000 Salary required

Documents Required

  • Pan Card
  • Aadhaar Card
  • Recent 3-month Salaried Slip
  • 1 yr. Salary Account Bank Statement pdf format
  • Co-applicant Aadhaar Card
  • Co-applicant Pan Card
  • Electricity Bill or Gas Bill for Residential Proof

Also Read: How to get a business loan up to 30 lakh

Interest Rate & Other Charges

Interest rate18% to 21% p.a.
Processing FeeUp To 3% + GST
Insurance ChargesUp To 3% of the loan amount
Minimum Loan Tenure6 month
Maximum Loan Tenure36 month

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.

FAQs on Personal Loan

  1. I have a net 13,000 salary. Can I apply for a personal loan?

    You can apply for a personal loan with a 13,000 net salary.

  2. I am working for 10 months. Can I apply?

    A minimum 9-month salary account bank statement is required to apply.

  3. Can I apply for the loan without a salary slip?

    You can apply for the loan without a salary slip. But you have to show a joining letter and your salary should be credited to your bank account.

  4. What is the personal loan interest rate?

    The personal loan interest rate starts from 9.65% per annum. But if you have a 12,000 salary, the interest rate will be 21% per annum.

  5. Can I pre-close the loan amount?

    You can pre-close the loan amount after 6 EMI.

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