Personal Loan for 12000 Salary in India @ 5 Lakh Loan

QuickCashs makes it easy to get a personal loan for a ₹12,000 salary. Get up to 5 lakh loans with minimal criteria. Our partner lender offers loans digitally. That means the process is 100% online. Without delay, start the process.

Personal Loan for 12,000 Salary Quick Recap

Loan Amount	Rs. 50,000 to 5 Lakh
Interest Rate	16% to 22% p.a.
Loan Tenure	12 to 36 months
Monthly Income	Rs. 12,000/- per month (Salary)
Age	21 -55 years
Eligible For	Salary Person
CIBIL Score	-1/ 700+

Benefits of Personal Loan on ₹12,000 Salary

✅ Quick Disbursement: Our partner Bank disburses loans within 24 to 48 hours.

✅ No Collateral Required: Personal loans are unsecured—no need to mortgage assets.

✅ Flexible Use: Funds can be used for any purpose, such as medical bills, school fees, rent, etc.

✅ Build Credit Score: Timely repayment helps build a credit history, improving future loan prospects.

✅ Minimal Documentation:  It’s a simple way to grab the cash you need without paperwork. Require only basic KYC and proof of income.

✅ Maximum Loan Amount: Get a maximum loan amount that is 10X of your salary income. The lender offers up to 5 lakh loans.

Challenges You May Face

Low Eligibility

1. You may get lower eligibility if your current EMI is high. Lenders determine eligibility for loans by calculating the debt-to-income ratio.

High Interest Rates

1. Loans for low-income earners often come with higher interest rates (typically 16%–22%) due to the perceived risk.

Smaller Loan Amounts

1. Don’t expect large loans. You’ll likely qualify for a small amount, usually between ₹50,000 and ₹2 lakh, depending on your creditworthiness.

Eligibility for 12,000 Salary Personal Loan

• Your salary must be ₹12,000 per month.
• The entire job experience should be 1 year.
• Applicant’s current age: 21 years to 55 years
• CIBIL Score: Zero or 700+ score holders can apply.
• Private Limited, Public Limited, or Government Employees are only eligible.

Documents Must be Required

ID Proof (Any one):

• Aadhaar / PAN / Voter ID / Passport

Address Proof (Any one):

• Aadhaar / Utility Bill / Rental Agreement / Passport

Income Proof:

• Salary slips (last 2–3 months)
• Bank statements (last 12 months)

Photo:

• Passport-size photo

Also Read: 10 Lakh Instant Loan Without Documents

Tips to Improve Approval Chances

• Maintain your credit score above 700+.
• Reduce or clear existing loans or credit card current dues.
• No late payment on the existing loan.

How to Apply for a Personal Loan with ₹12,000 Salary

Borrow a personal loan from the below step-by-step process:

1. Apply Digitally: You can check our online application process from “Apply Now”. Click the link to move on to the next step.
2. Register and Complete KYC: Please complete the application form with the necessary details.
3. Upload Documents: Make sure you upload all the documents (PAN, Aadhaar, bank statements, salary slip).
4. Submit the Application: Now submit documents and wait for approval.
5. Disbursal: We believe fast & accuracy. So, the loan disburse process complete within 48 hours.

FAQs