What is the minimum salary for personal loan in Yes Bank?

What is the minimum salary for personal loan in Yes Bank?

Income: An applicant has to meet the bank's minimum income criteria of either Rs. 25,000 or Rs. 18,000 (depending on his/her place of residence) to qualify for a personal loan. Individuals having a good income can easily borrow more amount since they will most likely have better repayment ability.

How much personal loan can I get if my salary is 15000?

With 15,000 salary, borrowers can easily avail small cash loans ranging from 50,000 to 1,50,000. This is easy to repay when broken down into EMIs. However, the loan amount can vary from lender to lender.05-Feb-2022

Can I get personal loan if my salary is 18000?

To avail Yes Bank personal loan you need to have a minimum net income of ₹ 18,000 per month.

What is eligibility for personal loan?

Individuals between 21 and 60 years of age. Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer. Those who earn a minimum of 25,000 net income per month.

Can I get personal loan if my salary is 14000?

What is the minimum salary required to get a personal loan? The minimum salary fixed by most lenders is Rs. 20,000 while a few private-sector lenders may give you a personal loan even with a salary of Rs. 15,000.

Can I get loan in 20k salary?

How much personal loan can I get on a ₹20000 salary? According to the Multiplier method, on a salary of ₹20000, you will be eligible for ₹5.40 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹4.08 lakhs.13-Sept-2021

Can I get loan if my salary is 17000?

You can get the loan without having to submit any security. Most banks stipulate a minimum monthly salary of INR 15,000 – INR 20,000 for individuals to get a personal loan. However, those earning less than INR 15,000 can also get the loan. In this post we will tell how and where you can get a loan with low salary.

Can I get personal loan with 13000 salary?

Your minimum and maximum age limit must be 21 and 58 years respectively to apply for personal loan. Your minimum net monthly salary must be Rs. 13,000 per month and above.

What is the EMI for 2 lakhs personal loan?

The EMI for 1-year loan tenure at 11.99% is ₹17,769. For 2-year tenure is ₹9,414, 3-year tenure is ₹ 6,642, 4-year tenure is ₹ 5,266 and 5-year tenure is ₹4,448.

Can I get loan on 3 months salary slip?

What Documents Do I Require to Submit? The documents required to apply for a personal loan for salaried individuals is usually minimal and hassle-free. The documents required are as follows: Past 3 months' salary slips.

What is the eligibility for 5 lakh personal loan?

Eligibility Criteria for Personal Loan of Rs 5 lakh Minimum income required is Rs 15,000 p.m. for salaried borrowers. CIBIL score of 750 and above usually increases the possibility of availing personal loan of Rs 5 lakh. It might also help in availing personal loan at lower interest rates.

Can I get personal loan with 16000 salary?

Minimum income: Higher income indicates higher capacity to repay your loan on time, which further implies lower risk for lenders. For salaried professionals, the minimum salary requirement set by most lenders is Rs. 15,000 or above. Note that individuals with a minimum salary of Rs 25,000 are preferred by lenders.12-Dec-2022

Who is not eligible for personal loan?

To get qualified for getting a personal loan application, you must be minimum of 21 years old and should not be more than 60 years old. If you do not fall under this age category, your personal loan application would be rejected.

Which bank gives loan without income proof?

Banks like Citibank allow you to take personal loans of up to Rs. 30 lakh in a span of 48 hours, without any documentation such as income proof, and address proof, provided your residence and office address is updated in the Citibank account. A personal loan, free of documentation, is a dream for most borrowers.

Does personal loan depend on salary?

In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income. Additionally, to minimise the risk of default, lenders keep the EMIs of the loan to about 45-60% of your monthly income.

Can I get loan if my salary is 12000?

So, if your salary is less than Rs. 12,000, assure the lender that you have other sources of income to repay your personal loan on time. However, ensure that you meet the rest of the eligibility parameters and submit the basic documents required to increase your chances of being approved for a personal loan.

Which bank gives instant personal loan?

Top Instant Personal Loans from Banks

Can I get a loan if my salary is 10000?

Banks such as SBI and Indian Overseas Bank provide personal loans to individuals who have lower income of Rs. 5000 per month.Personal Loan For Low Salary Less Than 10000.

How much loan can I get 25000 salary?

For instance, if your take-home salary is Rs. 25,000, you can avail as much as Rs. 18.64 lakh as a loan to purchase a home worth Rs. 40 lakh (provided you have no existing financial obligations.)

Can I get 10 lakh personal loan?

You can avail personal loans from Banks and NBFCs for amounts ranging from Rs 10,000 to Rs 40 lakh.09-Dec-2022

How much loan can I get on 1 lakh salary?

For example, if you earn Rs 1 lakh and have expenses of Rs 30,000 a month, then you can easily go for a loan with Rs 40,000 EMI.18-Feb-2020

What is the minimum salary for personal loan in Yes Bank?