Personal Loan for Salaried Employees

Last Updated : May 29, 2025, 4:23 p.m.

Personal loans are a lifeline for salaried employees facing financial needs, from weddings and medical emergencies to travel and home renovations. In 2025, banks and NBFCs in India offer competitive personal loan options with attractive interest rates, flexible tenures, and quick disbursals. This article highlights the top 5 personal loans for salaried employees, helping you choose the best option to meet your financial goals. With tools like those on Wishfin , you can compare offers, check eligibility, and plan repayments effectively.

1. HDFC Bank Personal Loan

HDFC Bank is a leading choice for salaried employees, offering hdfc personal loans with interest rates ranging from 10.85% to 24.00% p.a.. Salaried individuals earning a minimum of ₹25,000 monthly can apply, with loan amounts up to ₹40 lakh and tenures up to 5 years. Pre-approved customers enjoy disbursal within 10 seconds, while others get funds in about 4 hours after document verification. Use Wishfin’s loan EMI calculator to estimate your monthly repayments and plan your budget.

Key Features :

• Eligibility : Minimum age 21, maximum 60, with 2 years’ work experience (1 year with current employer).
• Processing Fee : 0.99%–2.50% of loan amount, minimum ₹1,999.
• Best For : Medical emergencies, weddings, or home renovations.

2. ICICI Bank Personal Loan

ICICI Bank personal loans at 10.75% -- 19.00% p.a., with special rates for employees of top corporates like TCS, Accenture, or Infosys. Salaried employees earning ₹35,000 monthly or more can access rates as low as 10.99%. Loan amounts go up to ₹50 lakh with tenures up to 7 years. Check your eligibility using Wishfin’s personal loan eligibility calculator to ensure you qualify for the best rates.

Key Features :

• Eligibility : Age 21–58, minimum 2 years’ work experience (6 months with current employer).
• Processing Fee : 0.99%–1.50% of loan amount plus GST.
• Best For : Debt consolidation or large expenses like education.

3. Axis Bank Personal Loan

Axis Bank personal loans with interest rates starting at 11.1% p.a., going up to 22.00%, and loan amounts up to ₹40 lakh with tenures up to 84 months. The 100% digital application process ensures quick approval, often within hours. Salaried employees, including government sector workers and doctors, benefit from minimal documentation and no collateral requirements.

Key Features :

• Eligibility : Age 21–60, minimum net monthly income ₹25,000, 1 year in current organization.
• Processing Fee : Up to 2% of loan amount.
• Best For : Home renovations or travel.

4. IndusInd Bank Personal Loan

IndusInd Bank personal loans starting at 10.49% p.a., with loan amounts from ₹30,000 to ₹25 lakh and tenures up to 84 months. The fully digital process ensures instant approval and quick disbursal, making it ideal for urgent needs. Compare offers using Wishfin’s personal loan comparison tool to find the best deal.

Key Features :

• Eligibility : Age 21–60, minimum net monthly income ₹25,000, 2 years’ work experience.
• Processing Fee : Up to 3% of loan amount.
• Best For : Weddings or medical emergencies.

5. Tata Capital Personal Loan

Tata Capital personal loans at 11.99%–29.99% p.a., with amounts up to ₹35 lakh and tenures up to 6 years. The digital application process and simple eligibility criteria make it accessible for salaried employees with a minimum monthly income of ₹15,000–₹18,000 (depending on location).

Key Features :

• Eligibility : Age 21–55, minimum income ₹18,000 (metro) or ₹15,000 (non-metro).
• Processing Fee : Up to 2.75% of loan amount.
• Best For : Multipurpose needs like travel or education.

Tips for Choosing the Best Personal Loan

• Compare Interest Rates : Lower rates reduce your EMI burden. Use Wishfin’s tools to compare offers.
• Check Eligibility : Ensure your income, credit score (preferably 750+), and job stability meet lender criteria.
• Consider Fees : Look for low processing fees and no prepayment penalties.
• Plan Repayments : Use an EMI calculator to ensure payments fit your budget.
• Improve Credit Score : A higher score secures better rates.

Conclusion

Choosing the right personal loan in 2025 can empower salaried employees to meet financial needs without stress. HDFC, ICICI, Axis, IndusInd, and Tata Capital stand out for their competitive rates, flexible tenures, and quick disbursals. By comparing offers and using tools like Wishfin’s EMI calculator, eligibility checker, and loan comparison platform, you can find a loan that aligns with your financial goals. Start planning today to secure your financial future.