What is the repayment tenure for this loan?

Repayment tenure can range from 2 months to 60 months, allowing you flexibility in structuring your repayments.

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Get Personal Loans approved instantly.

Paperless loans up to ₹10 Lakhs

Get approvals for personal loans up to ₹10 lakh in a flash
Multiple On-demand Loans & flexible EMI tenure
Repay anytime with ZERO foreclosure charges
100% digital process & 24x7 access to funds

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Get approvals for personal loans up to ₹10 lakh in a flash
Multiple On-demand Loans & flexible EMI tenure
Repay anytime with ZERO foreclosure charges
100% digital process & 24x7 access to funds

Overview
Benefits
Eligibility
How to apply
FAQs

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Looking for loans with a ₹30,000 income? Apply for a personal loan online with FIRSTmoney

Q: What is the maximum loan amount I can get on a ₹30,000 salary?

You can get a loan amount ranging from ₹5,000 to ₹10 lakhs, depending on your creditworthiness and the bank’s policies.

Q: How long does it take to get a personal loan approved?

Once you submit the necessary documents, the loan approval can take a few hours to a couple of days, depending on the verification process.

Q: What is the interest rate for a ₹30,000 salary personal loan?

Interest rates are competitive, starting at just 10.99%. The offered interest rate on your loan would depend on your credit profile and the bank’s internal policy. Click here to check the offered interest rate.

A personal loan can help you manage financial needs like medical emergencies, education expenses, or home repairs. If you are earning ₹30,000 per month, you can apply for a personal loan that offers flexibility, quick disbursement, and minimal documentation as per your salary bracket with IDFC FIRST Bank’s FIRSTmoney. FIRSTmoney is a smart personal loan that is customised to ensure easy access to funds for eligible borrowers. Read More

Features and Benefits of a FIRSTmoney Smart Personal Loan

Competitive interest rates

With FIRSTmoney, you enjoy one of the most affordable interest rates starting at just 10.99% per annum. Lower interest rates help you keep your overall loan cost within your budget and meet your financial needs without hassles.

100% digital journey

FIRSTmoney provides a fully digital journey with zero paperwork. You can customise your loan as per your financial requirement along the application process. Simply scan the QR code to start your application.

Foreclosure benefits

Foreclose your loan anytime without concern with FIRSTmoney. You can use the personal loan and repay the used funds in full anytime without incurring a foreclosure charge.

Flexible loan repayment options

Get the flexibility to choose a loan EMI plan that can be customised to suit your requirements. Opt for any tenure ranging between two months to 60 months to repay your loan without financial stress.

Swift disbursal

Enjoy a completely paperless application process. The advanced technology behind FIRSTmoney makes it easy to access a personal loan instantly with a completely online process.

Eligibility Criteria for Personal Loan on ₹30,000 Salary

Age requirements: Applicants must meet the minimum age criteria i.e., 21 years and should not exceed the maximum age limit of 60 years at the time of loan maturity.

Credit score: A good credit score is essential for getting loan approval. A credit score of 730 and above can help you secure a loan with favourable terms.

Employment status: You should be a salaried or self-employed individual with a stable income source.

Documents Required

No lengthy documentation with FIRSTmoney. All you need is to present your physical PAN card at the time of video KYC during the application process.

Loan Amount and Tenure

Loan Amount

For individuals earning ₹30,000 per month, personal loans are available in amounts ranging from ₹5,000 to ₹10 lakhs. The approved loan offer depends on the bank’s internal policy and your credit profile.

Flexible Tenure Options

You can choose a repayment tenure that ranges from 9 months to 60 months, depending on your financial situation. This flexibility allows you to structure your repayment schedule as per your convenience.

Overview of Interest Rates Offered for a ₹30,000 Salary Bracket

IDFC FIRST Bank offers the most competitive interest rates tailored to your financial needs.

Click here

EMI Calculation for ₹30,000 Salary

The bank uses the reducing balance method to calculate the EMI for a personal loan through FIRSTmoney, this technique determines the interest based on the remaining loan balance. While the EMI remains constant throughout repayment, the portion allotted to principal repayment grows while the interest component diminishes over time. Read on for more

How to Apply for a Personal Loan on a ₹30,000 Salary

Step 1

Start by scanning the QR code or clicking loan from your smartphone

Step 2

Register using your mobile number and confirm basic/personal details to check your eligibility

Step 3

Choose your loan preferences, including the tenure and repayment terms

Step 4

Link your bank account where you wish the funds to be disbursed

Step 5

Complete the video KYC verification process with your physical PAN card

Get FIRSTmoney Smart Personal Loan of Different Amounts

₹5 lakh Personal Loan

₹4 lakh Personal Loan

₹3 lakh Personal Loan

₹2 lakh Personal Loan

Frequently asked questions

Can I get a personal loan if my salary is ₹30,000 per month?

Yes, personal loans are available for individuals earning ₹30,000 per month, depending on credit score, employment status, and other eligibility factors.

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