Unlock Your Dreams with Personal Loans for Salaried Champions!
Everyone experiences times when they require money for large expenses. Managing a financial emergency can be challenging, particularly if you are a salaried person with a fixed monthly salary. A personal loan is the ideal credit tool whether you want to pay off debt, buy the car of your dreams, finance your child’s wedding, pursue further education, or any other financial emergencies. It helps you meet your financial requirements for various needs at short notice.
Applying for our personal loan offer is very simple, quick, and convenient. You can get a Personal Loan up to ₹40 Lakh at the most competitive interest rates in the market. You also get flexible EMI options and up to 84 months of repayment tenure. These loans empower you to tackle all your planned and unexpected expenses.
The eligibility criteria for personal loans vary from one lender to another. Qualifying for a personal loan isn’t too difficult, salaried workers can easily obtain a loan from Grahaan Capital for up to Rs 40 lakh, with a minimum interest rate in the market. However, some general rules are usually followed, and they are:
Grahaan Capital offers the lowest personal loan interest rate for applicants for a maximum of 84 months, which means you can get a minimum EMI. Please see below, a detailed list of personal loan interest rates, fees & charges.
| Particulars | Charges |
| Personal Loan Interest Rates | 10.75%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹40 Lakh |
| Loan Processing Fees | Minimum 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹1,699* per Lakh for 84 months |
| Loan Tenure | 12 – 84 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | Minimum 3% per month |
| Repayment Instrument Dishonor Charges | Minimum ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| * No Other Hidden Charges | |
As the name suggests, a personal loan for salaried employees is designed exclusively for those who get a salary. Since it's an unsecured loan, you can borrow the money without providing any collateral. At Grahaan Capital, we supply personal loans with appealing features and advantages for salaried workers, such as favorable interest rates, flexible terms for payback, quick approval, etc.
No, a personal loan for salaried employees does not directly benefit you. You can, however, receive tax benefits if you use the loan for the specified objectives outlined below and can produce proof of your use.
Home renovation : If you avail of a Personal Loan for home repair, you can avail of a tax benefit of up to ₹30,000 in a year on the interest paid under Section 24(b) of the Income Tax Act.
Home purchase or construction : If you take a Personal Loan for Salaried Employees to buy or construct a new home, you can claim tax benefit on interest paid up to ₹ 2 Lakh under Section 80E of the IT Act.
Education expenses : If you use a Personal Loan for Salaried Employees to pay the education fees for yourself or your family members (spouse and kids), you can claim tax benefit on the interest paid under Section 80E of the Indian Income Tax Act. You can claim the deduction for a maximum of eight years or until you repay the loan, whichever is earlier.
If you have availed of a Personal Loan for Salaried Employees from Grahaan Capital, you can easily calculate the EMIs using the EMI calculator on our website. It is an easy-to-use online tool that provides accurate results instantly. You must enter basic details like loan amount, tenure, and interest rate.
Calculating the EMI is a good idea to figure out how much your personal loan for salaried employees will cost in advance. It enables effective payback management and financial planning.
When you avail of a Personal Loan for Salaried Employees, you must repay the amount, i.e., EMI (equated monthly instalments) on time till the end of the tenure. You can follow the below steps to manage the repayment better:
Choose the amount carefully : Assess your financial needs/obligations carefully and choose the loan amount accordingly. You must be able to repay the amount you borrow without feeling any financial strain.
Use the EMI calculator : When you apply for a Personal Loan for Salaried Employees, it is a good practice to use the EMI calculator. It allows you to know the exact amount you must repay every month. Thus, you can make informed borrowing decision and choose an amount so that the EMI is affordable.
Select the tenure carefully : The repayment tenure you choose has a direct impact on the EMI and affordability. At Grahaan Capital, we offer Personal Lan for Salaried Employees with flexible repayment tenure ranging from 12 to 60 months. You can choose the tenure carefully so that repay the amount without facing any financial burden.
Once you submit your Personal Loan for Salaried Employees online application form, you will get a call from the Grahaan Capital’s customer support representative to inform you about the loan approval status. Once you get the approval, you will get he funds credited in your bank account immediately.
No, taking a Personal Loan for Salaried Employees has no direct effect on your credit score, provided you make your monthly EMI payments on time. But, if you default on the repayment or delay the EMI payment, your credit score will get affected.
