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How Much Personal Loan Can I Get On 20000 Salary

How Much Personal Loan Can I Get On 20000 Salary

When speaking about personal loan, several goals and objectives start gliding before the eyes. Individuals who are ambitious, competitive and aspire to grow take support of personal loans for managing urgent finances at some point of time. The ease of personal loan application today has attracted and lured individuals to avail credits even if the salary is minimum.
 
Every individual has the right to enjoy benefits ofinstant personal loans available online. People with a minimum salary of 15,000 - 20,000 monthly can benefit from personal loan after quick approval online through cash loan apps and credit websites. An individual can get personal loan based on their salary and credit history. Also, the loan amount and interest rate may vary from lender.
 
You can calculate the loan amount using the monthly salary criteria. Once an individual has an idea on how much amount can be paid in EMI’s every month excluding their regular expenses, calculating loan amount using EMI Calculator available on financial websites or personal loan apps can be done easily.
 
 
Eligibility Criteria for availing instant loan with a salary of 20,000
 
  • Must be a citizen of India
  • Age limit must be 21-58 years’ old
  • Must be stable in professionally in a job or business
  • Must earn a minimum income of Rs. 15,000 per month
  • Six months’ bank statement of salary account for salaried and 6 months’ bank statement with most transactions for self-employed
  • Decent credit score
     
Documents Required for loan with 20,000 salary

The online hassle-free documentation reduces the stress of physical loan application. Submission of mandatory documents for an instant loan up to 1.5 lakh requires:
 
  • Aadhar card is the first document when applying for instant personal loan
  • In the absence of Aadhar card, you can provide your Pan card/ driving license
  • Other important documents include your professional and financial details inclusive of salary slips and income statements
  • Your account should be in any of the accepted banks as suggested by the financial institution
 
Benefits of Applying for Loan on20000 Salary with Simply Cash
 
SimplyCash is a one-stop solution powered by HeroFinCorp, one of the fastest growing financial services company for all your instant cash requirements. It is a paperless process and requires minimal documentation that makes Simply Cash a perfect personal loan app for a loan amount ranging from 50,000 to 1,50,000/- instantly.
 
This kind of small cash loans proves beneficial for individuals who have minimum income in a range of Rs. 15,000 to Rs. 20,000/- monthly and hesitate in applying for personal loan, assuming they may not be eligible.
 
Majority of people do not have clarityon how to apply for low to medium income personal loans. All thanks to SimplyCash instant personal loan app for providing flexible eligibility criteria on their digital loan app. The SimplyCash app facilitates personal loan within 24 hours or less than that based on your eligibility criteria and documents verification.
 
 
 

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.  

Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK KOTAK MAHINDRA BANK LTD

IDFC FIRST BANK LTD AXIS BANK BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK INDIAN BANK RBL BANK LTD DEUTSCHE BANK AG CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD CITI BANK BANDHAN BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK UCO BANK

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