A long year ago, my friend Ajay got a job with Rs. 21,500 net salary. His work experience is less than 1 year. Still, he cannot get a bank loan because his company is not reputed.
I know, this story can be yours also. But now 24hr Loan break this barrier. We will give you a personal loan for a minimum salary of 20,000 without extra hassle.
Easily apply for a personal loan at Rs. 20,000 salary without visiting the branch. We give you a digital loan platform that can be processed with a single click.
Personal Loan at Salary 20,000
| Loan Amount | Rs. 30,000 to Rs. 5 Lakh |
| Interest Rate | 1.35% to 1.85% per month |
| Repayment Tenure | 12 to 36 months |
| Age | 21 -55 years |
| Monthly Salary | Rs. 20,000 Net |
| Processing Charges | Up to 3% + GST |
| Who Can Apply | Salaried Employee |
Features of Personal Loan for 20,000 Salary
Affordable Tenure: You can extend the loan tenure between 12 to 36 months.
Online Method: The method is online. Process your loan application with some clicks only.
Handy Documents: Your loan documents process is user-friendly. Keep documents near your hand before applying.
No Charges: Apply personal loan for a minimum salary of 20,000 without paying charges. Pay the processing fees only.
Maximum Loan: Unlock the maximum loan at 20,000 net salary. If you have running fewer loans, you will get a higher loan.
Top-up Benefits: Able to get the top-up benefits after 4 to 5 months of EMI.
Eligibility Criteria
- Nationality should be Indian
- The age of the borrower is between 21 to 55 years.
- Income: 20,000 net salary
- Job Experience 12 months
Preferred Documents
Provide the mandatory documents to get the loan approval for a 20,000 salary personal loan. There is no physical documentation process. Upload the below documents:
- Aadhaar Card & Pan Card
- 1 month Salary Slip (Recent Month)
- 12 months Bank Statement (PDF Format Only)
- Proof of Residence (Electricity bill/ Gas bill)
- Guarantor Aadhaar Card
Personal Loan for 20,000 Salary Interest Rate
| Minimum Interest Rate | 16% per annum |
| Maximum Interest Rate | 21% per annum |
How to Apply for a Personal Loan at 20,000 Salary
Step 1: Apply for a loan through the “WeRize Loan” button.
Step 2: Fill out all your basic loan applications.
Step 3: Give your current residential address with a PIN code.
Step 4: Submit KYC documents and salary Slip with 12 months’ Bank Statement.
Step 5: The verification team call you & give you the loan approval.
Step 6: The last step is the e-mandate, KYC & agreement process. After all the steps your loan amount will be credited.
FAQs
How much loan is available at a 20,000 salary?
As a borrower, you will get up to Rs. 5 lakhs personal loan at Rs. 20,000 net salary. Every lender calculates the debt-of-income ratio before loan approval.
How to avail of the top-up loan facility?
If you take a loan from 24hr Loan, you can take advantage of top-up loan features after four monthly EMI are complete.
How do you contact WeRize customer care?
You may connect with customer care through WhatsApp or call 9051357314.