What is the minimum salary required for a personal loan?

Most partner lenders require a minimum net monthly income of ₹20,000-₹25,000 for salaried applicants in metro cities, and ₹15,000 in non-metro cities.

How much personal loan can I get on a ₹50,000 salary?

Based on standard FOIR norms of up to 55% of income, applicants earning ₹50,000/month can typically be eligible for a personal loan between ₹4-9 lakhs, subject to existing obligations and lender policy.

Is collateral required for a personal loan?

No. Personal loans offered through RK Jha Group's partner network are unsecured — no collateral or guarantor is required.

Personal Loan Online | Up to ₹40 Lakhs @ 10.5% p.a.

Eligibility

Who can apply

Basic criteria across our lending partner panel. Exact criteria vary by lender.

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Age

21-60 years at loan maturity

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Income

₹20,000+/month (salaried) or ITR-based for self-employed

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Credit Score

700+ preferred for best rates

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Work Experience

1+ year current job / 2+ years business vintage

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Residency

Indian resident with valid KYC

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Existing Obligations

FOIR within 55% of monthly income

Benefits

Why apply through RK Jha Group

Fast Approval

Digital verification means decisions in as little as 24 hours.

Minimal Documents

KYC, income proof & bank statements — that's usually it.

No Prepayment Lock-in

Most partner lenders allow part-prepayment after 12 EMIs.

Flexible End-Use

Medical, travel, wedding, debt consolidation — your choice.

Interest Rates

Compare rates across lenders

Lender Type	Interest Rate (p.a.)	Processing Fee	Max Tenure
Leading Private Banks	10.5% – 16%	Up to 2%	5 years
Public Sector Banks	10.9% – 15.5%	Up to 1%	5 years
NBFCs / Digital Lenders	12% – 24%	Up to 3%	5 years

*Rates are indicative, sourced from partner disclosures, and subject to change. Your final rate depends on credit profile, income and lender policy.

Documents

Documents required

Salaried Applicants

✓PAN Card & Aadhaar Card
✓Last 3 months' salary slips
✓Last 6 months' bank statement
✓Form 16 / latest ITR (if applicable)

Self-Employed Applicants

✓PAN Card & Aadhaar Card
✓Last 2 years' ITR with computation
✓Last 12 months' bank statement
✓Business proof / GST registration

Plan Ahead

Personal Loan EMI Calculator

Loan Amount₹5,00,000

Interest Rate (p.a.)10.5%

Tenure36 mo

Monthly EMI

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Principal

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Total Interest

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Eligibility Calculator

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FAQs

Personal loan questions, answered

Most partner lenders require ₹20,000-₹25,000 net monthly income in metros, and ₹15,000 in non-metros, for salaried applicants.

Typically ₹4-9 lakhs, based on FOIR norms of up to 55% of income, subject to existing obligations and lender policy.

No. Personal loans through our partner network are entirely unsecured.

Yes, most lenders allow part-prepayment or foreclosure after 12 EMIs, sometimes with a nominal charge (0-4%).

Personal Loan up to ₹40 Lakhs