Know Personal Loan Offers from 25+ Banks

Personal loan for the people drawing low income

Banks and financial institutions target primarily high paid salary people for a personal loan and credit cards at best interest rate with any other special offers.

What about the people who are drawing the low salary? How they can manage the funds for emergency situations like medical expenses, wedding functions among the other things. They can’ not borrow the money from the mainstream banks and it is nearly impossible for them.

They also can get a personal loan for drawing the low salary as low as Rs.50000. For these people, eligibility criteria vary from person to person based on Age, Credit score, type of company he is working, total work experience and the number of years staying in the current residence.

 

HDFC Bank Personal Loan:
Minimum monthly income needed: Rs .20000
Age Limit: 21 to 60 years
Interest Rate: 15.75% to 20%
Loan amount limit: Rs 50000
Document needed for HDFC Personal Loan
HDFC PL EMI Calculator

ICICI Bank Personal Loan
Minimum monthly income needed: Rs .20000
Age Limit: 23 to 58 years
Interest Rate: 11.99% to 20%
Loan amount limit: Rs.50, 000 to Rs.15, 00,000
Document needed for ICICI Personal Loan
ICICI PL EMI Calculator

State Bank of India:
Minimum monthly income needed: Rs .20, 000
Age Limit: 21 to 58 years
Interest Rate: 13.35% to 20%
Loan amount limit: Rs.10, 00,000
Document needed for SBI Personal Loan
SBI PL EMI Calculator

Axis Bank Personal Loan
Minimum monthly income needed: Rs .20, 000
Age Limit: 21 to 60 years
Interest Rate: 15.50% to 24%
Loan amount limit: Rs.10, 00,000
Document needed for Axis Personal Loan
Axis PL EMI Calculator

Allahabad bank Personal Loan:
Monthly income required: Rs.20000
Age limit: 21 to 58 years
Interest rate: 13%
Loan amount limit: Rs.7, 50,000
Document needed for Allahabad bank Personal Loan
Allahabad bank PL EMI Calculator

Andhra bank Personal Loan:
Age limit: 21 to 55 years
Interest rate: 13.5%
Loan amount: Rs 200000 to Rs 10, 00,000
Document needed for Andhra bank Personal Loan
Andhra bank PL EMI Calculator

Bank of Baroda:
Age limit: 21 to 58 years
Interest rate: 14.50%
Loan amount limit: Rs 50000 to 2, 00,000.
Document needed for Bank of Baroda Personal Loan
Bank of Baroda PL EMI Calculator

Standard Chartered Bank Personal Loan:
Monthly income required: Rs.22000
Interest rate: 12.99%
Loan amount limit: Rs 100000 to Rs 300000
Document needed for Standard Chartered Bank Personal Loan
Standard Chartered Bank PL EMI Calculator

Kotak Mahindra bank Personal Loan:
Monthly income required: Rs.40000
Age limit: 21 to 55 years
Interest rate: 13% to 18%
Loan amount limit: Rs 15, 00,000
Document needed for Kotak Mahindra Personal Loan
Kotak Mahindra PL EMI Calculator

Bank of Maharashtra:
Income required Rs.25000
Age limit; 21 to 61 years
Interest rate: 15.50% floating
Loan amount limit: Rs.1500000
Document needed for Bank of Maharashtra Personal Loan
Bank of Maharashtra PL EMI Calculator

IndusInd Bank Personal Loan:
Income required Rs.25000
Age limit; 21 to 61 years
Interest rate: 12.99 % to 18.25 %
Loan amount limit: Rs.15, 00,000
Document needed for IndusInd Bank Personal Loan
IndusInd Bank PL EMI Calculator

Fullerton India Loan:
Income required: Rs.20, 000
Age limit; 21 to 58 years
Interest rate: 17.25 % to 35.00 %
Loan amount limit: Rs.15, 00,000
Document needed for Fullerton India Personal Loan
Fullerton India PL EMI Calculator

Canara Bank Personal loan
Income required: Rs 20,000
Age limit; 21 to 58 years
Interest rate: 14 % to 15.00 %
Loan amount limit: Rs.3, 00,000
Document needed for Canara Bank Personal Loan
Canara Bank PL EMI Calculator

Central bank Personal Loan
Income required: 40% of the gross salary
Age limit; 21 to 58 years
Interest rate: 14 % to 15 %
Loan amount limit: Rs.3, 00,000
Document needed for Central bank Personal Loan
Central bank PL EMI Calculator

Bank of India:
Income required: 40% of the gross salary
Age limit; 21 to 58 years
Interest rate: 12.95 % to 14.95 %
Loan amount limit: Rs.2, 00,000
Document needed for Bank of India Personal Loan
Bank of India PL EMI Calculator

Corporation bank Personal Loan:
Age limit; 21 to 58 years
Interest rate: 13.75% to 14.75 %
Loan amount limit: Rs.2, 00,000
Document needed for Corporation bank Personal Loan
Corporation bank PL EMI Calculator

HSBC Bank Personal Loan:
Income required: 4, 00,000 per annum
Age limit; 21 to 58 years
Interest rate: 12.00 % to 17.50 %
Loan amount limit: Rs.15, 00,000
Document needed for HSBC Personal Loan
HSBC PL EMI Calculator

IDBI Bank Personal Loan:
Income required: Rs .20000
Age limit; 22 to 60 years
Interest rate: 13 % to 14%
Loan amount limit: Rs.10, 00,000
Document needed for IDBI Personal Loan
IDBI PL EMI Calculator

Indian overseas bank Personal Loan:
Income required: 50% of the gross salary
Age limit; 21 to 58 years
Interest rate: 15.05%
Loan amount limit: Rs.15, 00,000
Document needed for Indian overseas Personal Loan
Indian overseas PL EMI Calculator

Citibank Personal Loan:
Income required: Rs.20000
Age limit; 21 to 58 years
Interest rate: 14.50 to 16.50%
Loan amount limit: Rs.30, 00,000
Document needed for Citibank Personal Loan
Citibank PL EMI Calculator

While choosing any type of loan, always go for a loan with lowest interest rate.
Documents required for a personal loan:
Application forms with photograph
ID proof: Passport, Driving license, Voters ID, PAN card

Personal loan for the people drawing low income 4.75/5 (95.00%) 4 votes

About 

Priya Rai is a loan consultant.