You have an excellent opportunity to obtain a personal loan at a 60,000 salary. 24hrLoan offers unsecured personal loans from multiple lenders. Get up to 10 lakh personal loan with Rs. 60,000 salary. Meet financial decisions such as funding a wedding, renovating your home, covering medical expenses, or consolidating debt.
Loan Amount Eligibility of Personal Loan
Based on a ₹60,000 salary, you can expect to qualify for a personal loan ranging between ₹5 lakhs to ₹20 lakhs. The amount depends on factors like credit history, existing liabilities, and the lender’s internal policies. The lender will calculate the multiplier method and EMI/NMI ratio to qualify for loan eligibility.
Benefits of Personal Loan with Rs 60,000 Salary
You can get a hassle-free personal loan on ₹60,000 salary. Check out other features and benefits of taking a personal loan:
Unsecured Loan: A salaried person can obtain a personal loan without collateral. You can borrow an unsecured loan at ₹60,000 salary.
Maximum Loan Amount: Obtain maximum loan amount up to ₹20 lakhs at ₹60,000 salary. Banks calculate the multiplier method and other eligibility for loan approval.
Flexible Repayment: Various lenders offer flexible repayment terms for personal loans. Repay your loan amount within 12 to 84 months.
Affordable Interest: With 24hrLoan, compare various lenders with affordable interest rates. Get the best rate of 10.85% per annum.
No More Bank Visit: Get a personal loan from 24hrLoan without going branch. You can apply for a loan directly from our website.
Documents Required for Personal Loan for Rs 60,000 Salary
To apply for a personal loan at Rs. 60,000 salary, you will need the following:
- Identity Proof: Aadhaar card, PAN card, passport, or voter ID.
- Address Proof: Utility bills, rental agreement, or driving license.
- Income Proof: Salary slips for the last three months and bank statements for the last six months.
- Employment Proof: Offer letter or employment certificate.
Also Read: 650 CIBIL Score Personal Loan
Eligibility Criteria for 60,000 Salary Personal Loan
- Age: Usually applicant’s age is between 21 and 60 years.
- Credit Score: A score of 700 or above improves approval chances.
- Employment Stability: A minimum of 1 year of stable employment, with at least six months in the current job.
- Minimum Net Income: Your in-hand salary minimum of Rs. 12,000 is required for a personal loan.
- Debt-to-Income Ratio: Your fixed obligations (existing EMIs) should not exceed 50-60% of your income.
Compare Personal Loan Interest Rates from Top Banks
Lenders | Interest Rate (p.a.) | Salary Per Month | |
WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
Axis Bank | 10.49% to 22% p.a. | Rs. 15,000 | Apply Now |
HDFC Bank | 10.75% to 21% p.a. | Rs. 25,000 | Apply Now |
How to Get Maximize Loan Benefits
Improve Your Credit Score: You can pay off existing debts and avoid missed payments to boost your maximum loan eligibility.
Choose the Right Lender: Compare loan offers from 24hrLoan which is a 100% online platform to secure the best interest rates and terms.
Negotiate Interest Rates: If you have a strong credit history, negotiate for a lower interest rate with banks.
Plan Your Repayment Term: Use an EMI calculator to determine a comfortable repayment schedule. This reduces your monthly EMI.
Also Read: Personal Loan for 5000 with Bad Credit
Conclusion
Borrow maximum leverage with a 60,000 salary personal loan. You can secure up to ₹20 lakhs loan. Choose multiple banks compare multiple lenders, and maintain financial discipline to make the most of your loan.
Pro Tip: Always check for prepayment options to save on interest and reduce your overall financial burden!