Minimum salary for personal loan

Minimum salary requirement to qualify for getting a personal loan very bank to bank standard salary Rs 15000 per month, but getting an average salary does not mean that you are eligible for a loan . To get approval for a personal loan with a minimum salary, it is necessary to have a good cibil score.Bank approves a Personal loan with the minimum salary only to those who have at least more than 750+ cibil score, good credit history or who make loan repayment on time.    Low rate of  interest on Personal loan with bad credit history is not possible, unless you consider getting a secured loan i.e many bank or NBFC provide personal loan to low-income group on behalf of the fixed deposit they have in the bank, such cases are only possible if the borrower has fixed deposit in the same bank.

 

Leave a Reply

Your email address will not be published. Required fields are marked *