Personal Loan on 45,000 Salary - Quick & Easy Approval!
Have an urgent financial need but no one to lend from? Personal loans at low interest rates are the perfect solution. Apply online and gain access to funds instantly.
Last Updated: 14 April 2025
+91
Verify Captcha
Solve the puzzle
our customers
Calculate the Personal Loan EMI Instantly!
Worried about how to calculate personal loan EMI for 45000 salary? Not an issue. Fill in the values and know the potential EMIs right now with the Personal Loan EMI Calculator.
Personal Loan for 45000 Salary
Ups and downs in financial management are common. However, extra expenditures during the downturns are problematic, and using the saved funds isn’t a go-to option. But, the easily accessible choice in such a scenario is a loan. The personal loans on 45000 salary help meet urgent needs without a major impact on existing lifestyle. The flexible repayment tenures further contribute to ease of dealing with finances and loans.
Key Features and Benefits of Personal Loan on 45000 Salary
Easy and Quick Access:
The personal loan application process is simple and does not require a lot of time. The procedure involves just a few steps.
Flexible Tenure:
The loan can be availed for any period between 12 to 84 months. Hence, financial management is in your hands.
Affordable Interest Rates:
The interest rates make up a considerable part of the total payable amount. Here, the interest rate for a personal loan on 45000 salary starts at as low as 9.99% per annum.
Lack of Restriction:
The personal loan on 45000 salary can be used for any purpose, such as planning a vacation, paying medical bills, renovating a home, or any other.
Least Documentation:
The loan requirements are minimal, with documents required for identification and income, along with photographs.
No Collateral:
The personal loans on salary are completely free of collateral. Hence, no property or asset remains at stake when choosing these loans.
Eligibility Criteria for Personal Loan on 45000 Salary
The applicants must fall in the following categories to get the personal loan:
| Eligibility Criteria | Details |
|---|---|
| Age | They should be aged between 21 to 58 years |
| Monthly income | The applicant should be earning at least INR 20000 |
| Credit score: | The CIBIL score should be 700 or more |
Documents Required for Personal Loan on 45000 Salary
The documentation that should be arranged to apply for the loan include:
- Identification document: Aadhar Card for KYC and PAN card
- Income document: Previous six months’ bank account statement and latest three months’ salary slips
- Photograph: Recent passport size photo
How to Get a Personal Loan on 45000 Salary
Personal Loan on 45000 Salary - Fees and Charges
To apply for a personal loan for 45000 Salary, the associated expenditures that will occur include:
Particulars |
Charges |
|---|---|
| Processing Fee | 0.5% to 4% of the loan amount |
| Pre-payment/Part-payment/Foreclosure Charges | Nil for floating rate loans; 2%-5% on the principle outstanding for fixed-rate loans |
| Stamp Duty | As per actuals |
| Legal Fees | As per actuals |
| EMI/Cheque Bounce | Around ₹400 per bounce |
(Note: Actual charges may vary based on the lender’s policies.)
Why Choose My Mudra for an Instant Personal Loan on 45000 Salary?
Choosing a proper lender for taking a personal loan is challenging. Here is what we offer that helps us stand out from the crowd:
- Ease of Comparison: You can compare from over 20 partner banks and NBFCs to select the institute offering personal loans at a low interest rate
- Instant Approval: The application process is quick and easy, offering instant disbursal within a few hours
- Trusted Financial Institutions: You get to choose from reliable and authorised financial institutions to lend the amount.
- Purely Transparent: The process does not involve hidden changes. The essential ones are listed above.
- Completely Online: The application process for the loan does not require a physical visit to the banks or financial institutions.
FAQs on Personal Loan on 45000 Salary
What is personal loan EMI?
Taking a personal loan involves paying back the principal amount and applicable interest rate. Instead of lump sum payments, these are divided into small amounts to be paid per month. These monthly payments are referred to as personal loan EMI.
Is a personal loan on 45000 salary secured?
No, it is an unsecured loan. Hence, it does not involve putting collateral to receive the loan amount.
What are the best Banks & NBFCs for Personal Loans on 45000 Salary?
The best banks and NBFCs for personal loans on 45000 salary include HDFC Bank, Kotak Mahindra Bank, ICICI Bank and others
How much personal loan can I get on 45000 salary?
The principal amount varies as per the lenders, along with the applicant’s credit score, existing debts and other factors. At My Mudra, you get to choose from over 20 partner banks and NBFCs as lenders for your personal loan.
Can I include the spouse’s income to calculate the loan amount?
If you are the sole applicant for a personal loan, the spouse’s monthly income can not be included to calculate the loan amount.
Get Your Personal Loan with Ease!
Your financial issues aren’t the challenge anymore. With just a few taps, relieve your stress now and pay back as per your preference. Use the Personal Loan EMI Calculator to plan now.
Unsecured Loan | Quick Approval | Affordable Interest Rates
Hear from our Personal Loan customers
Sunita Singh
Verified CustomerI needed the best deal on my salary of ₹45,000, and My Mudra introduced me to the ideal bank. Quick approval and moderate EMI made it a smooth experience.
Ravi Pandey
Verified CustomerMy Mudra helped me in coping with an emergency without getting trapped in a financial loop. I had the personal loan approved in 24 hours on ₹45,000 salary.
Kanika Rajput
Verified CustomerMy Mudra's staff was professional and wasted no time. They provided me with loan alternatives that were suitable for my ₹45K salary and explained the whole process to me.
Praveen Gupta
Verified CustomerI'm grateful to My Mudra for assisting me in availing a loan when I needed it the most. Even on ₹45,000 salary, I didn't encounter any obstacles or delays.
Anshul Sharma
Verified CustomerWhat I appreciated was the way My Mudra kept it all simple yet considerate. They were more interested in helping than in making a sale.
