How to get a Rs. 20,000 loan urgently?

Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below to get an offer. Click on ‘CHECK OFFER’. Enter your 10-digit mobile number and OTP. Go with the pre-assigned limit or choose a different loan amount. Choose a repayment tenure that suits you best. Click on ‘PROCEED’ to complete the online process. The online process may differ depending on whether you are a new customer or have an existing relationship with us.

Personal Loan for Rs. 20,000 Salary

With flexible terms and competitive rates, you can secure a personal loan for Rs. 20000 salary, with an interest rate that fits your budget. Bajaj Finserv now offers loan of up to 40 lakh, making it easier than ever to meet your financial needs. Whether you're planning a wedding, funding education, or managing unexpected expenses, Rs. 20000 salary personal loan can provide the necessary funds quickly. You can apply for a personal loan online through various platforms, ensuring a hassle-free experience. Visit Bajaj Finserv today to explore your options and find the best deal tailored to your requirements.

Quick approval

Your loan approval is instant, provided you meet our simple eligibility criteria.
Hassle-free documentation

Simple paperwork ensures that application for a personal loan is easy.
Transfers within 24 hours*

Access the funds in your bank account within 24 hours* of approval.
Adjustable tenor

Choose the repayment period best suited for you, ranging up to 96 months.
No guarantee required

The loan approval is fast and does not require any collateral or guarantor.
No extra charges

Bajaj Finserv Personal Loan has no hidden charges involved. Read all terms and conditions to make an informed decision.
Pre-approved loan offers

Existing customers are eligible for personalised offers, through which they can get funds in just a few hours.
Easy online access

Virtual access to your loan account through My Account simplifies tracking statements, EMIs, and other loan details.

When seeking a personal loan with a salary of Rs. 20,000, borrowers often find themselves in a favourable position. Lenders generally consider this salary range as a sign of financial stability, increasing the likelihood of approval. An instant personal loan for a Rs. 20,000 salary can be processed quickly, often within a day or two, providing immediate access to funds for emergencies, debt consolidation, or personal expenses.

To maximise your chances of securing a loan, it’s essential to maintain a good credit score and ensure all required documents are readily available. Lenders typically assess your income, credit history, and existing financial obligations. By using an EMI calculator, you can estimate monthly payments, helping you choose the right loan amount and tenure that fits your budget. Overall, a personal loan at this salary level can be a valuable financial tool when managed wisely.

Expect fast approval on a personal loan when you choose Bajaj Finserv. Apply for a personal loan with just a few documents on meeting our simple eligibility criteria. A high CIBIL score is crucial, as is a steady, reliable income. You must ensure you have a repayment plan in place for quick approval while applying for a personal loan for salary less than Rs. 20,000.

Whether it is for urgent medical emergencies or higher education, our loans come with an attractive interest rate. The collateral-free loans don’t need you to pledge an asset as security or have restrictions on end-use.

Make use of the Personal Loan EMI Calculator to plan repayment in advance.

Documents required for personal loan for salary less than Rs. 20,000

When applying for a loan for a salaried person with a salary of Rs. 20,000, specific documents are necessary to streamline the approval process. Typically, you'll need to provide proof of identity, such as an Aadhar card or passport, and proof of income, like recent salary slips or bank statements. Additionally, an employment verification letter may be required to confirm your job stability.

The documentation requirements for a personal loan can vary from lender to lender. Below are the documents that are required to be submitted when applying for a Bajaj Finance Personal Loan:

KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months
Piped gas bill
Pension order
Letter of Allotment of Accommodation Issued by Employer
Property / Municipal tax receipt
Utility bill

The fees and charges are minimal for a low salary personal loan. Read the personal loan interest rates and charges carefully for a better understanding.

Personal loan interest rate and applicable charges

Type of fee	Applicable charges
Rate of interest	10% to 31% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the Flexi charges above are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	Rs. 700 to Rs. 1,200 per bounce. “Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Part-prepayment charges	Full prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full payment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid. *Foreclosure will be processed post clearance of first EMI
Penal charge	Delay in payment of instalment(s) shall attract penal charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)	Payable as per state laws and deducted upfront from loan amount.
Annual maintenance charges	Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-monthly Instalment interest	Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan. Method of recovery of Broken Period Interest/pre-monthly instalment interest: For Term Loan: Deduct from disbursement or added in first EMI, as applicable. For Flexi Term Loan: Added to first instalment amount. For Hybrid Flexi Loan: Added to first instalment amount. Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days.

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

The amount of personal loan for the Rs. 20,000 salary you can get depends on factors like your credit score, existing debts, and the lender's policies. Typically, lenders consider your monthly income, expenses, and creditworthiness to determine the loan amount. It's advisable to check with specific lenders for accurate information on Rs. 20000 salary loans.

You can follow the steps below for an easy application:

1 Click on ‘APPLY ONLINE’ and go to the online application form page
2 Enter the remaining details pertaining to your job and income
3 Submit the basic documents along with the form

Our representative will guide you through the next steps of loan processing by getting in touch with you shortly.

*Conditions apply

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
Invest in fixed deposits and mutual funds on the app.
Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
Shop from over 100+ brand partners that offer a diverse range of products and services.
Use specialised tools like EMI calculators, SIP Calculators
Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Frequently asked questions

Getting an Insta Personal Loan from Bajaj Finance is simple. You only need to follow the steps below to get an offer.

Click on ‘CHECK OFFER’.
Enter your 10-digit mobile number and OTP.
Go with the pre-assigned limit or choose a different loan amount.
Choose a repayment tenure that suits you best.
Click on ‘PROCEED’ to complete the online process.

The online process may differ depending on whether you are a new customer or have an existing relationship with us.

Depending on their profile, select customers can get our Insta Personal Loan without having to submit any documents.

You can check the eligibility criteria and documents required for Insta Personal Loan by clicking here.

We look at several parameters before preparing your Insta Personal Loan offer, including your credit score, financial history, income details and more. Since we verify your credit score, you do not need to be aware of your score before checking your pre-approved loan offer.

However, keeping a tab on your credit health every few months is good practice. One of the easiest ways to do this is to use the Credit Pass offered by Bajaj Finserv. Share a few basic details on the link below and get your credit score – for free.

Check your credit score for free

The amount of personal loan with below Rs. 20,000 salary depends on factors like credit history and the lender's policies. It's advisable to explore options with various lenders.

The loan payment for a Rs. 20,000 salary depends on the loan amount, tenure, and interest rate. Generally, lenders recommend that EMIs should not exceed 30-40% of your monthly income.

Receiving a salary in cash can complicate loan approval, as lenders prefer bank statements for income verification. However, in few cases, some lenders may consider alternative documentation, but it typically reduces your eligibility.

Show More Show Less