We're constantly crafting offers and deals for you. Get them delivered straight to your device through website notifications.

All You Have To Do Is Click On "Allow".


Are you sure?

You will not be eligible for exclusive offers from Tata Capital


We will notify you in case any special offers are available

Personal Loan For Salaried Employees

Personal Loan for Salaried Employees

When you live your life from paycheck to paycheck, many things get pushed to the side – your travel plans, overseas education, big-ticket purchases, you name it. However, a Personal Loan for Salaried Employees can be your way out!

Are you a salaried employee looking for easy personal loans? Well, you can end your search here. With our tailor-made salaried loans, you can get a loan amount that extends up to Rs. 25,00,000 at highly competitive interest rates starting at just 10.99%!

Enjoy flexible repayment options and easy-to-meet eligibility conditions to bridge all kinds of financial gaps at the right time. Choose a tenure most suitable to your financial requirements and pay back your loan for salaried individuals conveniently.

When push comes to shove, you may want to put your plans on the back burner. But with Tata Capital's Personal Loan for Salaried Employees, no more! Apply for a personal loan online and enjoy instant loan approval.

Features of Personal Loan for Salaried Employees 

High loan amount

Big or small, Tata Capital has all your funding needs covered. Borrow a Personal Loan for Salaried Employees from anywhere between Rs. 75,000 to Rs. 25,00,000. And don’t be a day late or a rupee short of funding your child's education overseas or meeting urgent medical expenses.

Flexible loan tenure

Tata Capital offers a loan tenure of up to 6 years so you can repay the loan conveniently. Adjust your personal loan EMIs and minimise chances of default by choosing a tenure that best suits your financial needs.

Competitive interest rates

High interest rates giving you the blues? Fear no more! Avail of the most market-beating personal loan interest rates on your salaried loan with Tata Capital. Our affordable interest rates start at just 10.99%. 

No collateral needed

Don’t want to pledge any security? We won’t ask you to! Our Personal Loans for Salaried Employees are collateral-free to ensure that you need not expose your valuable assets to risk

Minimal paperwork

Leave behind your fears of tedious paperwork and multiple back-and-forth calls with lending experts. The entire salaried loan process is easy-to-understand and will be completed in a jiffy. 

Relaxed eligibility criteria

We don't ask for much, only the basic eligibility criteria. From start to end, rest assured your borrowing experience will be convenient and hassle-free.

Overdraft facility

In case you need extra funds over and above what you’ve borrowed, you can withdraw additional funds up to an agreed limit. The best part? Pay interest only on the amount that you use. 

No penalty charges on part pre-payment

Have extra funds that can help pay off your loan for salaried person earlier than the pre-decided tenure? You can prepay your loan any time after six months from the disbursement date without having to pay any penalty or additional fee. 

Eligibility of Personal Loan for Salaried

You don’t need to meet extensive eligibility criteria to avail a personal loan for salaried employees from Tata Capital. Simply meet a few basic requirements, as discussed below, and you’re good to go! These eligibility requirements help us understand your repayment capacity and determine a maximum loan amount you can repay comfortably. So, we can customise a product most suited to your unique needs.

Our personal loan for salaried employees eligibility criteria are as follows –

  • Your age must fall between 22 and 58 years

  • You must have an income that is not less than Rs. 15,000 per month

  • You must have at least one year of work experience 

    If you want to improve your personal loan eligibility, you should add a co-applicant with a good income and credit score, make sure your personal credit score is at least 750 or above, repay your previous debts on time, and choose a longer repayment tenure. 

Documents required for Personal Loan for Salaried

You will need to submit the following basic documents along with the application form to get a personal loan for salaried employees –

  • Identity proof documents

  • Residential proof documents

  • Income documents – a photocopy of your bank account statements for the past 6 months

  • Salary slips – a photocopy of past three months’ salary slips

  • Employment certificate 

How to Apply for a Personal loan for salaried?

FAQs on Personal Loan for Salaried Employees

Being a multi-purpose loan, personal finance allows you to fill different kinds of financial gaps. From unexpected medical expenses, higher education fees to funding your dream wedding or travel plans, it's suitable for them all.

Yes, you can either choose a fixed EMI plan wherein your EMI stays the same throughout the tenure or opt for a flexi EMI plan, wherein you pay higher/lower EMIs during the initial months and vice-versa in the latter months as per your repayment convenience. 

To have your loan for salaried individuals approved, you need to meet a few simple eligibility requirements. Make you are between 22 and 58 years old, have a minimum monthly salary of Rs. 15,000, and possess at least one year of work experience. 

You can improve your Personal Loan for Salaried Employees' eligibility by adding a co-applicant, maintaining a high credit score, repaying previous debts religiously, and choosing a longer loan tenure.

If you apply for your personal loan for salaried persons online, your loan application will be approved within minutes, or even seconds from the time of submission. However, in the case of offline submissions, it may take a few business days for your loan application to be approved. 

Yes! You can easily check your salaried loan affordability by using Tata Capital's online personal loan EMI calculator. Simply enter the desired loan amount, the tenure, and the interest rate, and the calculator will automatically let you know the EMI amount you need to pay each month. 

You can cancel your Personal Loan for Salaried persons even after the loan application. However, you will be charged a loan cancellation charge, equivalent to 2% of the loan amount or Rs. 5750, whichever is higher + applicable GST. 

Yes, there are two effective ways to reduce your personal loan EMIs. First, pay a higher down payment amount which will lower the loan principal, and naturally, the monthly EMIs. Second, you can choose a longer tenure; however, this will mean higher interest outgo. 

Yes, a loan for salaried person works similar to other forms of credit and does not affect your future credit score. Timely EMI payments and closing your personal loan within its tenure will improve your creditworthiness for future loans. 

Yes, you can make partial or complete pre-payment of your loan for salaried individuals. However, you can only prepay after the lock-in period of 6 months, and you will be charged part-payment or foreclosure charges, as applicable. 

Find the right loan for you



Customer Speak