Personal Loan with ₹20,000 Salary – Your Step By Step Guide

Personal Loan with ₹20,000 Salary – Your Step By Step Guide Personal Loan with ₹20,000 Salary – Your Step By Step Guide But, if we were to summarise the blog in one line, we would say- yes, you can get a personal loan from INR 20,000 to INR 10,00,000 with manageable EMIs and flexible repayment tenure. Banks use a predetermined multiplier to multiply the applicant’s net wage to find the personal loan amount. Usually, the multiplier number lies between 10 and 24. However, it varies from bank to bank. You can even negotiate for a higher multiplier if you demonstrate financial stability or get a co-signer. Lenders find the ratio of monthly EMI and net monthly income before finalizing the loan amount. Remember, the monthly EMI calculation also includes the installment amount of the proposed personal loan. [Read more](3D/0/2) If you would prefer not receiving our emails, please [Click Here](3D) Â