Personal loans have been like guardian angels that help people in urgent cash needs. Because of the no collateral requirement, it gets easier for a salaried person or a self employed professional to apply and get the loan application approved.
Hence personal loans have gained a lot of popularity since the past few years. Banks and NBFCs have understood this and provide attractive deals and offers to customers all over India. All the customer has to do is get through the eligibility criteria set by the lender. These criteria will contain information and proof related to your personal and income details.
Once the applicant will clear this eligibility, they can get the loan application approved. One of the major requirements in these criteria is related to your salary. Hence we have chosen the most sought questions by our customers and have listed down the estimated loan amount you can get.
Please Note – These calculations are estimates only.
What is the minimum personal loan amount?
The minimum personal loan amount begins from 50,000 rupees.
How much loan can I get on 50000 salary?
In a good case scenario when your salary is over and above 50,000 rupees, this is the possible loan amount you can get;
| Tenure | Monthly Salary | Interest | Approx Loan amount |
| 12 | 50000 | 11.25% | 300000 |
| 24 | 50000 | 11.25% | 550000 |
| 36 | 50000 | 11.25% | 775000 |
| 48 | 50000 | 11.25% | 975000 |
| 60 | 50000 | 11.25% | 11,50,000 |
This means getting a personal loan up to 11.50 lakhs is possible if your monthly salary falls in the bracket of 50,000 rupees per month or more.
How much loan can I get on 30000 salary?
If your salary is above or equal to 30,000 per month, this is the loan amount you will be eligible for;
| Tenure | Monthly Salary | Interest | Approx Loan amount |
| 12 | 30000 | 11.99% | 175000 |
| 24 | 30000 | 11.99% | 320000 |
| 36 | 30000 | 11.99% | 460000 |
| 48 | 30000 | 11.99% | 575000 |
| 60 | 30000 | 11.99% | 680000 |
This means getting a personal loan up to 7 lakhs is possible if your monthly salary falls in the bracket of 30,000 rupees per month or more.
How much home loan I can get on 25000 salary?
If your salary is above or equal to 25,000 per month, this is the loan amount you will be eligible for;
| Tenure | Monthly Salary | Interest | Approx Loan amount |
| 12 | 25000 | 12.99% | 142500 |
| 24 | 25000 | 12.99% | 270000 |
| 36 | 25000 | 12.99% | 370000 |
| 48 | 25000 | 12.99% | 465000 |
| 60 | 25000 | 12.99% | 550000 |
This means getting a personal loan up to 5.75 lakhs is possible if your monthly salary falls in the bracket of 25,000 rupees per month or more.
How much home loan I can get on 20000 salary?
If your salary is above or equal to 20,000 per month, this is the loan amount you will be eligible for;
| Tenure | Monthly Salary | Interest | Approx Loan amount |
| 12 | 20000 | 13.99% | 125000 |
| 24 | 20000 | 13.99% | 225000 |
| 36 | 20000 | 13.99% | 300000 |
| 48 | 20000 | 13.99% | 375000 |
| 60 | 20000 | 13.99% | 425000 |
This means getting a personal loan up to 4.25 lakhs is possible if your monthly salary falls in the bracket of 20,000 rupees per month or more.
How much loan can I get on 12000 salary?
If your personal loan salary is less than 15000, then chances of getting a personal loan is almost nil. Very few lenders would opt for giving a personal loan to a salaried individual whose monthly salary falls below 15,000. For a hypothetical situation, this is the loan amount you will be eligible for;
| Tenure | Monthly Salary | Interest | Approx Loan amount |
| 12 | 15000 | 14.99% | 95000 |
| 24 | 15000 | 14.99% | 150000 |
| 36 | 15000 | 14.99% | 225000 |
| 48 | 15000 | 14.99% | 275000 |
| 60 | 15000 | 14.99% | 325000 |
This means getting a personal loan up to 3.25 lakhs is possible if your monthly salary falls in the bracket of 15,000 rupees per month or less.
These are the maximum personal loan amounts which you can get on your monthly salary. But in order to get the maximum personal loan amount, you would need to fulfill the other important criteria set by the Bank/NBFC. Hence please pay your dues on time and also maintain a good credit score always.
