How To Apply For A Personal Loan?

Personal loans are quite handy as it allows loan seekers an opportunity to enable quick access to money. Therefore, it allows individuals to be independent and overcome financial struggles which can be short term or long term. However, if you have question on whether you can avail personal loan salary less than 15000.

Most of the banks these days are quicker on providing loans to salaried individuals. However, it is common for banks to offers personals to offer loans for individuals earning a salary of Rs 15,000 and above. While state-run banks and small banks provide offers loans to personal loan salary less than 15000.

In this article, we will make a list of banks that offers loans for individuals earning less than 15000 a month. And the eligibility criteria for individuals to avail the loan.

The List Of Banks

  • Individuals with monthly earning less than 10,000 per month

: Abhyudaya Co-Operative Bank, Bombay Co-operative Bank, State Bank of India (SBI), Canara Bank, Canara Bank, The Andaman & Nicobar State Co-operative Bank Ltd., Punjab & Sind Bank (For Pensioners), The West Bengal State Co-operative Bank Ltd, Indian Overseas Bank, Punjab National Bank

  • Individuals with monthly earning of Rs 10,000 -15,000

: Oriental Bank of Commerce, UCO Bank  

  • Individuals with monthly earning of Rs 15,000 -25,000

 : HDFC Bank, ICICI Bank, Axis Bank, Tata Capital Bank, HDB Financial Services, Fullerton India, IDBI Bank, Kotak Mahindra Bank, Allahabad Bank

The loans are provided on the basis of documents provided by the customer such as.

  • Identity Proof- Aadhar Card/Pan Card/ Driving License/ Passport
  • Residence Proof- Voter ID/ Driving License / Aadhar Card/ Electricity Bills/ Telephone Bills
  • Income Proof- Salary slip, Bank statement
  • Photos for identity

How to apply for Personal Loans?

If you have you are employed in a company then you can get your personal loan easily. However, you must be able to provide all the document as per requested by the finance institution.  You can start by visiting the nearest bank or use third party loans service providers.


It is possible to avail personal loan salary less than 15000 in a legitimate way. However, you have to consider certain factors before applying for a loan. We hope that you have fun reading our article today. Comment down below if we miss out on something and keep visiting again for more amazing articles like this.