Low Salary Loan

Personal Loan for Below Rs. 20,000 Salary

If you are someone typing out ‘personal loan salary less than 20000’ and trying hard to avail a loan with low income, you have come to the right place.

Features and Benefits of Personal Loans through Moneyview

Loan Amount

Attractive Loan Amount

Get loans from Rs.5,000 to Rs.10 Lakh based on your eligibility

Collateral Free Loans

Collateral Free Loans

You can get a personal loan through Moneyview without having to vow any asset or arrange for a guarantor

fats disbursal

Fast Disbursal

The loan amount is disbursed to your bank account within 24 hours of approval

interest rates

Affordable Interest Rates

Interest rates starting from just 14% per annum

Need Urgent Funds?

Flexible Terms, No Hidden Fees, Easy Approvals

5000 Loan

Eligibility Criteria for an Instant Loan through Moneyview

Our lending partners' simple eligibility criteria for borrowers to get an emergency loan are as follows -

Documents Required for with Salary Less Than Rs. 20,000

Given below are our minimal documentary requirements for personal loan with salary less than Rs. 20,000 -

You must also enable the auto-debit facility on your bank account in order to permit automatic withdrawals from your account. Use a debit card, net banking, or a NACH form to finish this quick procedure.

The auto-debit facility will enable you to pay your EMIs automatically each month, eliminating the need for manual intervention.

Fees and Charges for Instant Loan

Our lending partners provide some of the market's most fair and affordable interest rates. 

Fees and Charges

Amount Chargeable

Interest Rate

Starting from 14% per annum

Loan Processing Charges

Starting from 2% of the approved loan amount

Penal Charges on Overdue EMI

24% per annum plus applicable taxes, if any

NACH Bounce

₹500/- each time

EMI Calculator for Personal Loan with Salary Less than Rs. 20,000

Your monthly EMI is

10,201

per month for 5 months

Total Interest

1,004

Total Amount

51,004

Loan Amount

Min ₹10

Max ₹25,000

Rate of Interest

%

Min 5%

Max 25%

Loan Tenure

Min 3 months

Max 72 months

How to Apply for An Instant Loan in Minutes?

  • 1

    Assess Your Eligibility

    Quickly check if you are eligible on the Moneyview platform in only 2 minutes!

  • 2

    Pick Your Repayment Duration

    Select the desired loan sum and repayment period from the options provided.

  • 3

    Share Your Documents Online

    Share only essential documents for profile verification, easily uploading them digitally.

  • 4

    Funds Disbursed

    Once your application is validated and the loan agreement finalized, funds will be transferred to your bank within 24 hours!

Personal Loan Based on Your Budget

Personal Loan Based on Your Purpose

Personal Loan in Your City

Need Quick Cash?

Conclusion

You can now avail a personal loan with Rs. 20,000 salary easily at competitive rates. Our transparent eligibility criteria, hassle-free application process, and minimal documentation requirements will help you avail a personal loan easily. Avail an instant loan at competitive rates by visiting the Moneyview website or download the app today!

Frequently Asked Questions (FAQs)

You can avail personal loans of up to Rs. 10 lakhs through Moneyview. However, the exact amount will depend on your eligibility criteria. 

Generally it is important to maintain a CIBIL score of 750 or above while approaching a bank for a loan. Your score can get affected if you’ve defaulted on your previous loans or on credit card payments, or if you’ve repeatedly applied for loans or credit cards.

However, if your CIBIL score is below 750 and you need a personal loan urgently, don’t hesitate to turn to us. Thanks to our in-house credit rating model, we provide loans to those with a CIBIL score of 650 or above.

Once you have submitted an application, you can track your application status on our app or website by following the steps

Our personal loans are extremely versatile. You can use for a number of purposes such as -

  • To fund a wedding
  • For Home-repairs
  • Medical expenses
  • For vacation
  • For a loan down payment
  • Education purposes
  • To buy the latest gadget
  • To fund a business venture
  • To pay off credit card bills or build credit score
Currently we only provide loans to those individuals who get their salary directly credited to their bank account from their employer. We will not be able to give loans to applicants who get their salaries in cash.

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