A Personal loan for salaried employees opens a gateway to financial flexibility and opportunities. It helps working people with various concerns like education, weddings, emergencies, or vacations. Piramal Finance provides funds to people earning Rs.25,000 or above, with an interest rate starting at 12.99%*. You can get it within 24 hours to fulfill urgent financial requirements at extremely short notice. The loan application process is 100% digital, simple, and hassle-free.

Features of a Personal Loan for Salaried Employees

An instant personal loan online for salaried individuals comes with various features and benefits. These benefits ensure that all the professionals have access to the quick funds whenever required.

Loan Amount and Tenure

Piramal Finance offers personal loan amounts of up to Rs 5 lakh with repayment terms up to 60 months. This allows couples to choose the best option for them based on their individual needs and financial situation.

No Security Required

In Piramal Finance, personal loans don’t require collateral. This eliminates the need to provide personal property or assets as security. Instead, we determine loan eligibility and loan amounts based on a borrower's credit score and overall financial situation.

Attractive Interest Rates and Easy Repayment

Piramal finance interest rates begin at 12.99*%pa. Furthermore, its personal loans for working professionals include flexible repayment options such as EMI-based repayment schedules that divide the loan amount into equal parts so that borrowers can easily repay the loan without overburdening their finances.

Quick, Hassle-Free Disbursal

Piramal Finance instant loans are known for their quick and hassle-free disbursal processes. Most personal loan applications get approved within a few hours of applying. Once approved, funds can be disbursed to borrowers’ accounts within 1 day.

Fees & Charges

Our interest rate starts at 12.99*% p.a., and there are no hidden costs. What you see is what you pay. Know more about all the fees and charges provided by Piramal Finance.

Features & FeesDetails
Personal Loan Interest Rates12.99%* p.a. onwards
Loan Amount₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure3 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of Rs. 50000 and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes

Documents Required for Personal Loan for Salaried Employees

A hassle-free and simple process is what we believe in, and therefore, the documents required for a personal loan are minimal.

Document TypeDocuments for Salaried Individuals
Income ProofLast 3 months' bank account statements / salary slips
Identity ProofAadhar Card, PAN Card, Voter's Id / Driving License
Address Proof / Proof of ResidenceAadhar Card / Driving License / Passbook / Utility Bills / Property Documents
Proof of EmploymentAppointment Letter / Company Contract, Company or HR's Email ID, Official Identity Card
Investment Proof (If Any)Copy of Receipts of Mutual Funds/ Fixed Deposits/ Recurring Deposits
PhotographLatest Coloured Passport-Size Photograph

How to Get Personal Loan for Salaried on the Same Day?

  • Step 1:
    Click on Apply Now and start your digital Personal loan application.
  • Step 2:
    Enter your mobile number linked to your bank account.
  • Step 3:
    Enter the OTP received on your mobile number.
  • Step 4:
    Enter the required document and verify the same.
  • Step 5:
    Bank account verification.
  • Step 6:
    Income Verification.
  • Step 7:
    Check the Loan Final Offer, Accept, and continue the final process.


After completing the final process your application for a loan is now done and within 24 hours, it will get credited to your verified bank account.

Eligibility Criteria

Below are the eligibility criteria that you must check before applying for a loan:

Nationality :

You, as an applicant must be of Indian nationality.

Age :

You must be between 21 and 58 years of age.

Profession :

You must be a salary-drawing person in either the public or private sector.

Minimum Monthly Income :

You must have a minimum monthly income of INR 15,000.

Minimum Monthly Income :

To apply for a personal loan for salaried employees, you need a minimum work experience of one year.

Different Types of Personal Loans

Frequently asked questions

What is a personal loan for salaried individuals?
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Who is eligible for a Personal Loan for salaried employees?
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Who Can Apply for A Personal Loan from Piramal Finance?
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How much loan can I take as a salaried person?
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How to calculate Loan EMI?
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Is it possible to foreclose or prepay loan for employees?
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