Personal Loan on ₹60,000 Monthly Salary

Starting at Lowest Interest Rate

Easy Documentation | Fast Approval | 100% Online Process

Personal loans are unsecured borrowings that may support you in fulfilling your urgent financial needs. If you make 60000 Salary per month, you can take a good amount of loan from different lenders. Every lender provides the loan amount according to some basic factors like interest rate, creditworthiness, loan term etc.

How much Personal loan Can I get on Rs.60000 salary

The maximum personal loan amount that you can get on a 60,000 salary is approximately 12 lakhs. But when you apply for a personal loan it depends on your income, expenses, existing obligations and credit score. Generally, lenders offer up to 20 times your monthly income or consider 50% monthly salary to decide personal loan personal loan. You should always compare multiple lenders’ loan offers before selecting one.

Features & Benefits of Personal Loan on up to ₹60,000 Salary

Unsecured loan

Unsecured loan

Flexible loan amount

Flexible loan amount

Competitive Interest Rate

Competitive Interest Rate

Flexible Repayment Tenure

Flexible Repayment Tenure

Quick and Easy Approval

Quick and Easy Approval

Multipurpose Loan

A personal loan for a salaried person has many features and benefits that make it an attractive option for borrowing money. Some of them are:

  • Unsecured loan: no asset or property needed
  • Flexible loan amount: borrow as much as you need and eligible
  • Competitive interest rate: lower than credit cards or overdrafts
  • Flexible repayment tenure: repay in easy EMIs over 12 to 60 months
  • Quick and easy approval: apply online or offline and get money within hours or days
  • Multipurpose loan: use for any personal or professional purpose

EMI Calculator for Personal Loan on 60000 Salary

You can use this calculator to find out the EMI for a personal loan on 60,000 salary. Just enter the loan amount, interest rate, and tenure, and click on the calculate button.

Interest Rates for Personal Loan on Monthly Salary of ₹60000

The interest rate for a personal loan on 60,000 salary may be different for all lenders, but the average range of interest is between 10.49% to 24% p.a. The processing fees, tenure, loan amount, and prepayment/foreclosure charges may also different depending on the lender’s policy and your eligibility. Below is a detail that shows personal loan parameters for some of the popular lenders in India.


Interest Rate

Processing Fee


Loan Amount

Prepayment/Foreclosure Charge


10.49% – 21.50%

Up to 2.50%

12 to 60 months

50,000 to 40 lakhs

Up to 4%


10.99% – 22.00%

Up to 2.25%

12 to 60 months

50,000 to 25 lakhs

Up to 5%

Bajaj Finserv

12.99% – 16.00%

Up to 3.99%

12 to 60 months

1 lakh to 25 lakhs

Up to 4%

Axis Bank

12.00% – 24.00%

Up to 2.00%

12 to 60 months

50,000 to 15 lakhs

Up to 5%


9.60% – 15.65%

Up to 1.50%

12 to 72 months

25,000 to 20 lakhs

Up to 3%

What Is The EMI For 60000 Salary Personal Loan

The EMI for a personal loan on 60,000 salary depends on the loan amount, interest rate, and tenure. Assuming an average interest rate of 15% p.a. and a loan amount of 1 lakh rupees, the EMI for different tenures is as follows:

EMI for 1 lakh Rs. Up to 5 Years



1 year


2 years


3 years


4 years


5 years


Eligibility Criteria to get Personal Loan for up to ₹60000 Salary

Qualifying for our Personal Loan is easy. You don’t have to meet a long list of eligibility criteria to get loan approval. This makes the loan easy to avail and process, thus reducing delays that could affect disbursal.






Credit Score

To be eligible for a personal loan on 60,000 salary, you need to meet the following criteria:

  • Salaried employee of a reputed organization
  • Minimum 1 year work experience
  • 21-60 years old
  • Credit score of 650 or above
  • Monthly income of 60,000
  • Debt-to-income ratio of 50%
  • Stable residential and employment history

ChecK Your Cibil Score in Free.

Documents Required for Personal Loan on up to 60000 Salary

To apply for a Personal loan on 60000 Salary, you need to submit the following documents:

Identity proof

Identity proof

Address proof

Address proof



Income proof

Income proof

Bank statement

Bank statement

Document require for 60000 Salary personal loan are:

  • Identity proof: Aadhaar card, PAN card, passport, voter ID, driving license, etc.
  • Address proof: Aadhaar card, passport, utility bills, rent agreement, etc.
  • Income proof: Salary slips for the last 3 months, bank statements for the last 6 months, Form 16, IT returns, etc.
  • Loan application form: Filled and signed by the applicant, with a passport-sized photograph.

How to Apply for Personal Loan for up to ₹60000 Monthly Salary

To apply for a personal loan on 60000 Salary online, you can follow these steps:

  • Visit the website of the lender of your choice, and click on the personal loan option.
  • Fill in the basic details such as your name, mobile number, email ID, loan amount, tenure, etc., and check your eligibility and interest rate.
  • If you are eligible, you will receive an instant approval and a loan offer from the lender.
  • Accept the loan offer and upload the required documents for verification.
  • Once the documents are verified, the lender will disburse the loan amount to your bank account within 24 hours.


A personal loan on 60000 Salary can be a convenient and flexible option to meet your financial needs. However, you should compare the interest rates, fees, and terms of different lenders before applying for a personal loan. You should also check your credit score and repayment capacity before taking a personal loan. A personal loan is a responsibility that you should repay on time to avoid any penalties and maintain your credit health.


You can get a personal loan on 60,000 salary with a low credit score by applying with a co-applicant, offering a collateral, or choosing a lender that offers loans for low credit score.

Some of the best personal loan apps for a 60,000 salary are MoneyTap, Money View, EarlySalary, PaySense, and CASHe. These apps offer instant approval, paperless process, and flexible terms.

You can get a personal loan on 60,000 salary without documents by applying with a lender that offers paperless loans, such as digital lenders or fintech platforms. You may have to provide your Aadhaar, PAN, and bank details online.

You can get a personal loan on 60,000 salary without income proof by applying with a lender that does not require salary slips or bank statements, such as peer-to-peer lenders or private lenders. However, these lenders may charge higher interest rates and fees.

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