Personal Loan for Minimum Salary 16000

The minimum net salary of Rs. 16,000 can fulfill your dream through a personal loan. 24hr Loan provides you a digital personal loan up to Rs. 5 lakhs with a 1.34% interest rate per annum.  

You have to take some small steps to process the personal loan. Provide basic documents, salary slips & bank statements to those eligible for personal loans for a minimum salary of 16,000.

Personal Loan at 16000 Salary

Loan Amount	Rs. 20,000 to Rs. 5 Lakhs
Interest Rate	1.34% to 1.85% per month
Loan Tenure	12 months to 36 months
Age	21 -55 years
CIBIL	-1 / 700+
Monthly Salary	Rs. 16,000 (in-hand)
Processing Fees	Up to 3% + GST
Eligible For	Salaried Person

Benefits of Personal Loan for Minimum Salary 16000

• This is an unsecured loan. That means we do not take any secure (like a car, house) to provide this personal loan
• You will get the fund quickly compared with other finance. Within 72 hours, the loan will disburse.
• We are offering a personal loan without a credit score. So, you can improve your CIBIL Score on timely repayment.
• Access the top-up loan facility after 4^th successful EMI payment.
• Take the benefits of an easy repayment option for up to 36 months.
• Your monthly interest rate can be 1.34% to 1.85%  & yearly interest can be 16% to 21%.

Eligibility Criteria for Personal Loan

The salary with Rs. 16,000 in hand comes with basic eligibility criteria. Make sure you check the eligibility criteria before applying.

• Your residential address should be Indian
• Applicant age: 21 to 55 years
• In-hand salary should be Rs. 16,000 (Net Rs. 12,000 salary also accepted)
• Your salary required to credit directly bank account
• Job Experience should be  12 month
• Credit Score: -1 or 700+ accepted

Documents Need for Persona Loan at 16,000 salary

We are not taking too many documents. Just provide us with the minimum documents for personal loan approval.

• Aadhaar Card
• Pan Card
• Current or Previous month’s salary slip
• 12 months Bank Statement
• Residential proof: Utility bill/ Rent Agreement/ Water bill/ Gas bill
• Gurantator Identity Proof: Aadhaar Card
• Applicant & Gurantator Photo

Also Read: Personal Loan for Minimum Salary 14,000

Persona Loan at 16,000 salary Interest Rate & Charges

Lowest Interest Rate	1.34% per month
Highest Interest Rate	1.85% per month
Processing Fees	Up to 3% of loan approval amount+ GST
Late Charges	Applicable

How to Apply for a Personal Loan at a Minimum 16,000 Salary

Step 1: Go to the “Apply Now” button & start to apply.

Step 2: Complete all the information about yourself.

Step 3: Enter your residential address & pin code.

Step 4: Upload all the necessary documents (Pan Card, Aadhaar Card, Salary Slip & 1-year Statement).

Step 5: Submit the application form click on the “Submit” button.

FAQs on Personal Loan