If you earn a monthly salary of ₹35,000 and seek additional money to fund expenses, emergencies, or even an impulsive buy good news: it's quite easy to avail a personal loan. Several banks and financial institutions provide a personal loan for ₹35,000 salary with convenient terms and instant approval.
Can I Get a Personal Loan on ₹35,000 Salary?
Yes, you can. Most lenders consider a minimum income of ₹15,000 to ₹25,000 per month for salaried persons, so if you earn ₹35,000 a month, you're well within the required range. Nevertheless, your final loan amount and rate of interest will also depend on:
1. Your credit score (higher is better)
2. Job stability (at least 6 months at current job)
3. Existing EMIs or loans
4. City of residence (metro cities usually have more favorable offers)
How Much Loan Can I Get?
With a ₹35,000 salary personal loan, you could generally obtain a loan between ₹1 lakh and ₹4–5 lakh, based on your profile. Certain lenders can provide even higher amounts if you have a favorable credit history and low outstanding debt.
Key Features:
- Loan Amount: ₹50,000 to ₹5,00,000
- Tenure: 12 to 60 months
- Interest Rates: Beginning at 10.5% per annum
- Processing Time: As quick as 24-48 hours
Documents Required:
Getting a personal loan is simple. You will typically require:-
PAN card and Aadhaar card
3-month salary slips
6-month bank statement
Office ID or employment offer letter
Top Lenders for ₹35,000 Salary Personal Loan:
Some of the well-known banks and NBFCs where you can apply are:
1. HDFC Bank – Quick approval, low rates
2. ICICI Bank – Suitable for existing customers
3. Axis Bank – Repayment flexibility
4. My Mudra Fincorp Ltd.– Simple online application
5. Bajaj Finserv – Instant personal loans
6. PaySense – Ideal for people with poor credit scores
Tips to Increase Your Chances:
Verify your credit score prior to applying
Don't apply to multiple lenders simultaneously
Keep EMIs at 40–50% of your salary
Utilize online loan eligibility calculators for effective planning
Conclusion
Getting a personal loan for 35000 salary is not only possible, it's also quick and hassle-free if you have a stable job and decent credit. Whether you need funds for travel, medical bills, education, or any other need, a personal loan can help you manage things without touching your savings.
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