Apply Personal Loan on ₹10,000 Salary

What Are the Eligibility Criteria for a Personal Loan with a ₹10,000 Salary?

To qualify for a personal loan with a monthly salary of ₹10,000, you need to meet a few essential criteria. You must be at least 18 years old, have a stable income source, and maintain a satisfactory credit score. These requirements ensure that you have the financial stability to manage loan repayments effectively. Meeting these criteria helps streamline the approval process and secures the best loan offers for you.>

How Can I Apply for a Personal Loan with a ₹10,000 Salary?

Applying for a personal loan on a ₹10,000 salary is simple and efficient with Airtel Finance. Follow these easy steps:

1. Download the Airtel Thanks App: Start by installing the Airtel Thanks App on your smartphone.


2. Navigate to Airtel Finance: Open the app and go to the ‘Shop’ section, then select ‘Airtel Finance.’


3. Choose Airtel Credit: Find and select the Credit option for personal loans.


4. Enter Basic Details: Provide your basic personal and financial information as requested.


5. Receive Best Offers: Based on your profile, you will be presented with various loan offers.


6. Complete KYC: Follow the instructions to complete your Know Your Customer (KYC) process.


7. Link Your Bank Account: Link your bank account to complete the loan application process.

What Are the Features and Benefits of a ₹10,000 Salary Personal Loan?

A personal loan with a ₹10,000 salary includes several attractive features and benefits:

• Flexible Loan Amounts: Borrow from ₹10,000 to ₹9,00,000 based on your needs and eligibility.


• Competitive Interest Rates: Enjoy interest rates starting at 11.5% p.a., which makes your loan more affordable.


• Customizable Tenure: Choose a loan tenure that suits your financial situation, ranging from 3 to 60 months.


• Quick Credit Disbursal: Get your loan amount disbursed within 24 hours of approval.


• No Paperwork: Experience a completely digital loan application process with minimal documentation.


• Low Processing Fees: Benefit from a processing fee between 2% to 4% plus GST on the loan amount.

What Documents Do I Need to Apply for a ₹10,000 Salary Personal Loan?

To apply for a personal loan with a ₹10,000 salary, you will need to provide certain documentsto verify your identity, address, and income. Here’s a list of the key documents required:

• Proof of Identity: Valid government-issued ID such as an Aadhaar card or PAN card.


• Proof of Address: Recent utility bills, rental agreements, or bank statements showing your current address.


• Proof of Income: Recent salary slips, bank statements, or an employer’s certificate confirming your monthly income.

What Are the Interest Rates and Charges for a Personal Loan on a ₹10,000 Salary?

When applying for a personal loan with a ₹10,000 salary, you can expect competitive interest rates and reasonable charges:

• Interest Rates: Personal loan interest rates start at 11.5% p.a. The exact rate depends on your credit profile and the lender’s terms.

Processing Fees: The processing fee for the loan is between 2-4% of the loan amount plus GST. This is a one-time charge that is deducted from the loan disbursal amount.