Features of a Personal Loan for Salaried Employees
An instant personal loan online for salaried individuals comes with various features and benefits. These benefits ensure that all the professionals have access to the quick funds whenever required.
Loan Amount and Tenure
No Security Required
Attractive Interest Rates and Easy Repayment
Quick, Hassle-Free Disbursal
Eligibility Criteria
Below are the eligibility criteria that you must check before applying for a loan:
Nationality :
You, as an applicant must be of Indian nationality.
Age :
You must be between 21 and 58 years of age.
Profession :
You must be a salary-drawing person in either the public or private sector.
Minimum Monthly Income :
You must have a minimum monthly income of INR 15,000.
Minimum Monthly Income :
To apply for a personal loan for salaried employees, you need a minimum work experience of one year.
Different Types of Personal Loans
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Frequently asked questions
A salaried personal loan is a customized instant personal loan that can be availed by salaried customers. To be eligible for this type of loan you must be an employee in the public or private sector and have a minimum salary of INR 15,000.
The personal loan eligibility is often calculated to understand whether you will be able to repay the EMIs. For this, your monthly income is considered, along with your existing monthly expenses credit score and other financial obligations. Any employee of a private or public sector, who’s salary is ₹ 15,000 or above is eligible for Piramal Finance personal loan for salaried individuals. You can also utilize our PL Eligibility Calculator.
Salaried workers having the following jobs can apply for a personal loan from Piramal Finance:
You can get a digital loan of anywhere between Rs 50,000 to Rs 5 lakh from Piramal Finance Website or App.
If you opt to go to Piramal Finance's nearby branch, you can get a loan amount of Rs ₹ 25,000 to ₹ 5,00,000.
The calculation of marriage personal loan EMI is done using the following formula:
EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1]
Here,
P = Principal amount
R = Rate of Interest
N = Number of years for repayment (this is calculated in months). You can also avail our EMI Calculator.
Yes, you can foreclose or prepay the loan anytime during the tenure. There are Zero foreclosure or prepayment charges at Piramal Finance
