Do you need money, and your monthly salary is ₹15000? If yes, you can get a personal loan of ₹5000 to ₹5 lakhs instantly from Salary Loan App! with fast approval and minimal paperwork – just your PAN and Aadhaar card, flexible tenure, hassle-free process, and a Personal Loan Without Salary Slip. Apply online today!
On a salary of ₹15k, you can get a personal loan of ₹5000 to ₹5 Lakhs. The loan amount depends on your eligibility criteria, credit history and other factors. Follow our process below to get fast approval from the Salary Loan App.
Salary Loan App Review
| Interest Rate | Interest Rate starting from 1.5% per month |
| Loan Amount | ₹5k to ₹5 lakh |
| Tenure | 3 to 12 Months |
| Loan Process | 100% Digital Process |
| Documents Required | Your PAN and Aadhar Card, Personal Loan Without Salary Slip (Income Proof not mandatory) |
Features and Benefits of ₹15k Salary Personal Loan App
When applying for a salary personal loan to meet your needs, you should consider the features and benefits the lender offers, which are listed below.
Flexible Loan Amount: Lenders offer loan amounts ranging from ₹5,000 to ₹1 lakh, giving you complete freedom to choose the loan amount according to your need within your sanctioned amount.
Easy Eligibility: With a monthly salary of ₹15 thousand, and you have a valid PAN and Aadhar card, then you are eligible for this loan, Many lenders provide personal loans based on stable income and repayment capacity.
No Documents Upload Needed: Taking a loan from the Salary Loan App is completely online, and there is no need to upload documents. You can apply for this loan by entering details of your basic documents, such as PAN and Aadhar card number, mobile number and email ID.
Quick Approval & Disbursal: The completely online application process without uploading documents ensures faster loan approval, within 60 seconds, and funds are transferred to your bank account within a few hours.
Competitive Interest Rates: To get a personal loan on a salary of ₹15k, compare and choose the right lender for yourself, who can provide you with funds at an affordable interest rate. Many lenders offer interest rates starting from 1.5% per month.
No collateral required: Personal loans are unsecured; you do not need any collateral or security to avail them.
Flexible EMIS: Lenders offer flexible repayment options to ensure that the EMIS fits your budget and you can repay them on time without any financial stress.
Eligibility Criteria for Instant Loan on ₹15,000 Salary
If you need an instant cash loan, download the Salary Loan app, complete your application and get the fastest loan approval. If you want a personal loan for ₹15000 Salary, check out the personal loan eligibility criteria:
- Age: 21 years or above
- Indian Citizen: The borrower must be a citizen of India.
- Work Experience: The borrower must be a salaried individual.
- Monthly Salary: Monthly salary income should be at least ₹15000
Documents Required to get loan on ₹15000 salary from Salary Loan App
You can complete your loan application on the Salary Loan app without uploading any documents and get an emergency loan of ₹50000. You only need these essential documents to get approved for the loan.
- Identity Proof: Valid PAN and Aadhaar Card
- Address Proof: Aadhaar Card
- Income Proof (Not mandatory): Once you complete the loan application process and get your loan limit, you can transfer money directly from the loan limit to your account without uploading your income proof. You can upload the bank statement of the last four months to get an updated loan limit.
- Selfie: You need to take a selfie during the KYC process once your loan offer is generated.
How to Calculate EMI of Personal Loan for ₹15000 Salary
Before taking a personal loan, the borrower should calculate the monthly EMI that they need to pay every month with the help of an EMI calculator.
The standard formula to calculate the EMI is:
EMI=[P×R×(1+R)^N ]/[(1+R) N −1]
Where:
- P = Principal Loan Amount (the amount you borrow)
- R = Monthly Interest Rate (Annual interest rate divided by 12 and then by 100)
- N = Number of Loan Instalments (Loan tenure in years multiplied by 12)
Interest Rates and Charges on Loan for ₹15000 Salary
It is necessary to consider the interest rate charged on a personal loan before taking it from any lender. The lender considers the borrower’s credit report and repayment history to determine the interest rate. A good credit wealth report can reduce the interest rate charged on the loan to a great extent.
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting at 1.5% per month |
| Loan Processing Charges | Processing fees from 2% to 6% on every loan amount |
| Penalty on Overdue EMIs | Late payment penalty charges & overdue interest will be charged to your total outstanding loan daily. |
How Can I Get a Personal Loan on ₹15000 Salary Urgently?
You can get a personal loan from ₹3000 to ₹5 lakhs from the loan app if you meet all the eligibility criteria. You can apply for a loan in 6 minutes by following the procedure below.
Step 1: Download and Install the App.
Download the app from Google Play Store by the link and install the application.
Step 2: Registration and Account Creation:
After installing, open the app and register yourself by entering your mobile number and email ID so that your account is created on the app.
Step 3: Fill out the application form:
After creating the account, you fill “New Loan” application Form by entering your PAN, Aadhaar number, employment status, residence proof, bank details, etc.
Step 4: Complete the KYC process:
After filling out the application form, you complete the KYC process with your Aadhaar and take a selfie through the app.
Step 5: Choose the loan amount and tenure:
After the KYC process is completed, you can choose the loan amount and select the repayment tenure, then submit your application for approval.
Step 6: Approval and Disbursement:
After submitting your application form, you will receive approval in 60 seconds, and the loan amount will be disbursed to your bank account within a few hours.
FAQS Related to Salary Loan App
How to get a personal loan for ₹15000 Salary without a salary slip?
Loan Apps gives a loan for ₹15000 salary without a salary slip. You have just entered the basic details to complete the loan application process and transfer money from your loan limit to your bank account in a single tap.
Can I Avail Personal loan on a ₹15000 Salary Without Documents?
Yes, you don’t have to upload documents to get a personal on 15000 Salary. You can apply for this loan by entering details of your basic documents, such as PAN and Aadhar card number, mobile number and email ID.
What is the Disbursal Time for 15000 Salary Personal Loan?
The completely online application process without uploading documents ensures faster loan approval, within 60 seconds, and funds are transferred to your bank account instantly.
