Salaried people take advantage of personal loans. The fast & quick way manages your needs with the help of the top 11 personal loan finance companies in India.
Why did I choose the top 11 companies? These companies give you the best interest rate, higher loan amount with lower monthly salary.
Let’s take a look…
List of Top 11 Personal Loan Finance Companies in India
1. WeRizePersonal Loan
The monthly in-hand salary of Rs. 12,000 is eligible for WeRize personal loan. WeRize company gives you up to Rs. 5 lakh loan with 1.35% monthly interest.
| Monthly Salary | Rs. 12,000 |
| Interest Rate | 1.35% to 1.85% per month |
| Loan Amount | Up To Rs. 5 Lakh |
| Required Age | 21 to 55 years |
| Processing Charges | Up To 3% |
| Loan Disburse Time | 4 days |
2. Axis Bank Personal Loan
If your monthly salary is Rs. 15,000, you may apply for Axis Bank personal loan. You can check personal loan eligibility documents for more details. The competitive loan interest rate is 10.49% p.a.
| Monthly Salary | Rs. 15,000 |
| Interest Rate | 10.49% p.a. |
| Loan Amount | Up To Rs. 40 Lakh |
| Required Age | 21 to 60 years |
| Processing Charges | Up To 2% of the loan amount |
| Loan Disburse Time | 2 days |
3. Bandhan Bank Personal Loan
The net Rs. 20,000 can apply for Bandhan Bank personal loan. Get the highest loan amount up to Rs. 25 lakhs with a 10.50% interest rate.
| Monthly Salary | Rs. 20,000 |
| Interest Rate | 10.50% p.a. |
| Loan Amount | Up To Rs. 25 Lakh |
| Required Age | 21 to 58 years |
| Processing Charges | Up To 1% of the loan amount |
| Loan Disburse Time | 3 days |
4. InCred Personal Loan
With an 18% interest rate, InCred provides up to Rs. 7.5 lakh loan. Your loan disbursement time is 72 hours. Repayment tenure is 12 to 48 months.
| Monthly Salary | Rs. 15,000 |
| Interest Rate | 18% p.a. |
| Loan Amount | Up To Rs. 7.5 Lakh |
| Required Age | 21 to 55 years |
| Processing Charges | Up To 5% |
| Loan Disburse Time | 3 days |
5. Faircent Personal Loan
The higher loan amount up to Rs. 10 lakh is available through Faircent. The eligible person with Rs. 25,000 net salary can apply for Faircent personal loan.
| Monthly Salary | Rs. 25,000 |
| Interest Rate | 12% to 28% p.a. |
| Loan Amount | Up To Rs. 10 Lakh |
| Required Age | 23 to 55 years |
| Processing Charges | Up To 6% |
| Loan Disburse Time | 2 days |
6. PaySense Personal Loan
You may transfer your previous loan to PaySense which is called BT Loan. The in-hand salary of Rs. 18,000 is applied for PaySense personal loan. Now, PaySense is offering a 7.5 lakh loan.
| Monthly Salary | Rs. 18,000 |
| Interest Rate | 1.4% to 2.3% per month |
| Loan Amount | Up To Rs. 7.5 Lakh |
| Required Age | 21 to 60 years |
| Processing Charges | Up To 3% |
| Loan Disburse Time | 2 days |
7. HDFC Bank Personal Loan
HDFC is one of the best lenders that provide up to Rs. 40 lakh personal loans. If your take-home salary is Rs. 40,000, you may apply for HDFC personal loan. Get the best interest rate of 10.75% p.a.
| Monthly Salary | Rs. 40,000 |
| Interest Rate | 10.75% p.a. |
| Loan Amount | Up To Rs. 40 Lakh |
| Required Age | 21 to 60 years |
| Processing Charges | Up To 2.5% of loan amount |
| Loan Disburse Time | 2 days |
8. Upward Personal Loan
Upward is an NBFC company that gives you up to Rs. 5 lakhs personal loan. A credit score of 680+ may apply for an Upward personal loan. Take home salary of Rs. 21,000 or more is eligible for an Upward loan.
| Monthly Salary | Rs. 21,000 |
| Interest Rate | 9% to 32% p.a. |
| Loan Amount | Up To Rs. 5 Lakh |
| Required Age | 21 to 58 years |
| Processing Charges | Up To 4% of loan amount |
| Loan Disburse Time | 3 days |
9. IIFL Personal Loan
The salaried person with a minimum of Rs. 15,000 salary may apply for IIFL personal loan. You may apply for a loan digitally. IIFL is offering an interest rate of 12.75% per annum.
| Monthly Salary | Rs. 15,000 |
| Interest Rate | 12.75% to 33.75% p.a. |
| Loan Amount | Up To Rs. 5 Lakh |
| Required Age | 23 to 60 years |
| Processing Charges | Up To 4% of loan amount |
| Loan Disburse Time | 3 days |
10. IDFC Personal Loan
IDFC is one of the popular NBFC (Non-Banking Financial Company) companies. Applicants may get the highest loan amount up to Rs. 10 lakhs through IDFC Bank. The loan will credit to your account within 72 hours.
| Monthly Salary | Rs. 15,000 |
| Interest Rate | 12.50% to 18% p.a. |
| Loan Amount | Up To Rs. 10 Lakh |
| Required Age | 23 to 58 years |
| Processing Charges | Up To 4% |
| Loan Disburse Time | 3 days |
11. Piramal Finance Personal Loan
Available up to Rs. 10 lakhs personal loan through Piramal Finance. Your minimum credit score of 700+ needs to apply. Get the competitive interest rate of 12.99% p.a.
| Monthly Salary | Rs. 25,000 |
| Interest Rate | 12.99% to 28% p.a. |
| Loan Amount | Up To Rs. 10 Lakh |
| Required Age | 21 to 60 years |
| Processing Charges | Up To 4% of loan amount |
| Loan Disburse Time | 4 days |
Quick Tips for Fast Personal Loan Approval
A personal loan is the best option if you know the properly. Sometimes people are not able to get a fast personal loan. Here are some quick tips for fast loan approval:
Debt-to-income (DTI)
Most of the personal loan cases have been rejected because of the Debt-to-income ratio. Every lender will calculate your monthly loan based on your monthly salary. If DTI (Debt-to-income) is a high risk, you cannot get the loan.
Credit Score
Your loan history maintains through your credit score. So, if you maintain a good credit score, you will get fast loan approval. Also, personal loans impact your credit score if you have too many loans.
Monthly Income
Some lenders don’t provide personal loans with lower income proof. But, 24hr Loan provides a personal loan at Rs. 12,000 in-hand salary. Start your loan application journey digitally.
FAQs (Frequently Asked Questions)
Which company provides a personal loan at a 13,000 salary?
24hr Loan gives you a personal loan at Rs. 13,000 salary through WeRize. You are eligible for up to Rs. 5 lakhs loan.
Which personal loan provider company offers the best interest rate?
HDFC, SBI & Axis Banks offer competitive interest rates compared with other finance companies. The interest rate is 10.50% p.a.
How to choose the best personal loan provider company?
Your monthly salary & credit score is the important part when you are going to choose the best lenders. Your minimum monthly salary should be Rs. 30,000 with a 730+ credit score. Then, you may apply for personal loans through the best lenders such as Bajaj Finance, HDFC Bank & Axis Bank.