How Much Personal Loan Can I Get on 20,000 Salary?

If you are wondering about the possibility of obtaining a personal loan with a monthly salary of ₹20,000 in India, you are not alone. India is a developing country with many people falling within the middle-income bracket. Nevertheless, given the ever-expanding nature of the Indian economy, the demand for credit is also rising rapidly.

Finnable, a trusted loan provider, offers customised loan options to individuals with varying income levels. Today, we aim to delve into the factors that determine the loan amount you can get on your salary of ₹20,000 so that you can discover how Finnable can assist you in securing a personal loan to meet your financial needs.

What are the Loan Eligibility Criteria for Personal Loan with 20,000 salary?


  1. Income Criteria:

    The loan amount you can obtain in India is primarily based on your income. With a salary of ₹20,000, you can be eligible for a personal loan, depending on other factors that are considered during the loan assessment process.

  2. Credit History:

    Your credit history plays a vital role in determining your loan eligibility. Finnable considers both your credit score and credit repayment history. Maintaining a good credit score and a track record of timely repayments increases your chances of securing a higher loan amount.

  3. Debt-to-Income Ratio:

    Lenders evaluate your debt-to-income ratio, which is the proportion of your monthly income that goes towards debt repayments. A lower debt-to-income ratio demonstrates your ability to manage your finances, potentially enhancing your loan eligibility.

  4. Employment Stability:

    Lenders also consider your employment stability and work experience. A stable job and a consistent source of income can positively influence your loan eligibility.

Finnable’s Affordable Loan Services

Are you intimidated by the sheer amount of personal loans available out there? If you are having difficulty choosing a lender, consider the following factors that make Finnable stand out from a sea of lenders:

  1. Customised Loan Options:

    Finnable understands the diverse financial requirements of individuals with different income levels. They provide personalized loan options to suit your specific needs, including personal loans tailored for individuals with a salary of ₹20,000.

  2. Competitive Interest Rates:

    Finnable offers competitive interest rates on personal loans, ensuring affordability and minimizing the burden of repayments. Their transparent interest rate structure helps you plan your finances effectively.

  3. Flexible Repayment Options:

    Finnable provides flexible repayment options, allowing you to choose a repayment tenure that suits your financial situation. You can opt for longer tenures to reduce the monthly EMI burden or shorter tenures to repay the loan quickly.

  4. Streamlined Application Process:

    Finnable streamlines the loan application process, making it hassle-free and convenient. Their online platform allows you to apply for a personal loan from the comfort of your home, eliminating the need for extensive paperwork and physical visits to the branch.

  5. Assistance in Determining the Loan Amount:

    While the loan amount you can obtain on a salary of ₹20,000 depends on various factors, including the ones mentioned above, it is crucial to consult with Finnable directly. Our loan experts can assess your financial situation and provide accurate information regarding your loan eligibility.


Securing a personal loan on a salary of ₹20,000 in India is indeed possible with the right loan provider like Finnable. By considering your income, credit history, debt-to-income ratio, and employment stability, Finnable ensures a fair loan eligibility assessment. Avail of the exceptional services offered by Finnable to explore personalised loan options and embark on a journey towards meeting your financial goals. Contact Finnable today to learn more about obtaining a personal loan on your salary of ₹20,000 and to kick-start your economic aspirations.

Frequently Asked Questions (FAQs):

Finnable offers various loan options based on factors like your income. While a salary of ₹20,000 can be considered, loan eligibility depends on other criteria such as your credit history, employment stability, and debt-to-income ratio.

The loan amount you can obtain on a salary of ₹20,000 will depend on multiple factors, including your creditworthiness, existing financial obligations, and Finnable's assessment of your repayment capacity.

Finnable provides competitive interest rates on personal loans. This rate can range between 16-26% per year. 

Yes, Finnable offers a streamlined and convenient online application process for personal loans. You can visit our website or download our mobile app to apply for a personal loan online. 

Finnable disburses the personal loan amount within 24 hours of the submission of the required documents if they are satisfactorily approved.

Amit Arora


I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
Finnable Logo