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How Much Personal Loan Can I Get On 30000 Salary

How Much Personal Loan Can I Get On 30000 Salary

Personal loans help in fulfilling financial requirements and deal with uncertainties of life. There are many purposes where personal loan proves to be a boon for managing finances related to education, marriage, travel, property, hospital etc. Submitting a loan application is no more a lengthy and time-consuming process, all thanks to the acceptance of user-friendly instant loan apps and websites. Now, the question arises what is the amount of loan that I can earn based on my income or salary. How much loan can I get if my salary is Rs. 30,000 now?

The answer to this varies from lender to lender and the eligibility criteria that you fit in. usually, with a salary of Rs. 30,000 borrowers can avail small cash loans starting from Rs.15,000 to 2 lakh. This can be used to cover up immediate cash needs and clear debts. Higher the company’s reputation and a good salary bar increases the chances of acquiring a higher loan amount.

Maximum loan amount can be calculated using the EMI amount set for repayment. To check EMIs range and calculations, you can use the EMI calculator or personal loan eligibility calculator for accurate results.


What are the Eligibility Criteria for Personal Loan with 30000 Salary?

The monthly income of a person is significant when it comes to personal loan eligibility. Different lenders have different criteria for personal loans. For a personal loan application with Rs. 30,000 salary, fulfil the below eligibility criteria:
 
  • Proof of Indian citizenship
  • Six months bank statement and salary slip as income proofs
  • Age eligibility criteria of an applicant ranges between 21-58 years
  • You should be either salaried or self-employed individual/ businessman
  • You should be working in/with either private or public sector
  • Your credit history should meet the criteria set by the lender. Credit score may vary as different lenders set different bars as per their standards.
 
There are a set of mandatory documents required along with the eligibility criteria for a loan approval with Rs. 30,000 salary or more:
 
  • Standard KYC documents - Aadhar card, Driver’s licence, PAN card, Passport
  • Income documents – recent salary slips for salaried individuals and bank statement for self employed
Simply Cash is an instant personal loan app powered by HeroFinCorp. It is specifically designed to provide easy instant loan between Rs.50,000-1,50,000. The amount is easily available within minutes of approval. The procedure for availing instant 1.5 lakh loan amount involves paperless documentation and real-time verification. Once verified and approved, disbursal is done within 48 hours.

Irrespective of the salary slab, the Simply Cash app gives loan seekers the freedom to apply for different types of loans such as vacation Loan, education Loan, consumer loan, home renovation loan, medical loan etc. It gives you a choice to select your preferred loan type. Individuals with minimum monthly income of INR 15,000 can also apply for a personal loan on Simply Cash.
 
 

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 AXIS BANK IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK

EQUITAS SMALL FINANCE BANK LTD KOTAK MAHINDRA BANK LTD IDFC FIRST BANK LTD UJJIVAN SMALL FINANCE BANK LTD BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK RBL BANK LTD BANK OF MAHARASHTRA DEUTSCHE BANK AG PAYTM PAYMENTS BANK LTD CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD AU SMALL FINANCE BANK LTD CITI BANK BANDHAN BANK DHANALAXMI BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK JANA SMALL FINANCE BANK LTD UCO BANK

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SimplyCash is managed and operated by Hero FinCorp Limited, and it follows high data and system security standards.

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