₹20,000 loan
Borrow ₹20,000 until payday
₹20,000 covers a typical month-end gap: rent due before salary, a fee deadline or a family trip at short notice. See the exact cost for your number of days before you apply.
- Salary usually needed
- ₹50,000+
- 30-day repayment
- ₹20,334
- You receive
- ₹19,764
Soft check only: your score stays untouched
Apply for your loan
Check your offer in 2 minutes.
Estimate the cost firstCalculator
Your ₹20,000 loan
Move the sliders or type a figure. Every cost updates live.
Your estimate
- Principal Amount
- ₹20,000
- Interest AmountSimple interest on the principal
- ₹334
Estimate only. GST on the processing fee and your exact figures are shown in your Key Fact Statement before you accept.
What can a ₹20,000 loan cover?
Customers typically borrow ₹20,000 for rent that's due before salary, a security deposit top-up, school fees or an urgent family trip. It's a common amount for a single month-end gap.
The loan is repaid in a single payment on your due date, usually your next salary day. Interest is charged daily, so repaying early reduces the cost, with no foreclosure fee.
Exact cost of a ₹20,000 loan
| Tenure | Interest | Processing fee (incl. GST) | You receive | You repay | APR |
|---|---|---|---|---|---|
| 7 days | ₹78 | ₹236 | ₹19,764 | ₹20,078 | 82.84% |
| 15 days | ₹167 | ₹236 | ₹19,764 | ₹20,167 | 49.62% |
| 30 days | ₹334 | ₹236 | ₹19,764 | ₹20,334 | 35.09% |
| 40 days | ₹445 | ₹236 | ₹19,764 | ₹20,445 | 31.44% |
Illustrative at 1.67% per month and 1.18% processing fee (incl. GST). Your final terms are in your Key Fact Statement. APR looks high on short loans because the one-time processing fee is counted over only a few days and then annualised; in rupees, a shorter loan still costs less.
The process
From application to ₹20,000 in your account
- Step 1
Confirm your number
A one-time code checks it’s really you. Then add your salary and employer name.
~1 min - Step 2
Prove it’s you, digitally
Aadhaar eKYC, a quick live selfie, and three months of salary credits shared through Account Aggregator.
~3 min - Step 3
Read the KFS, then sign
Your Key Fact Statement lists the rupee cost, APR and due date. Happy with it? E-sign in one tap.
Decision ~10 min - Step 4
Funds land, payday settles it
The lender pays into your salary account. On payday, one UPI payment or auto-debit closes the loan.
Same day
FAQs
₹20,000 loan FAQs
What salary do I need for a ₹20,000 loan?
First-time borrowers are typically offered up to about 40% of net monthly salary, so a ₹20,000 loan usually needs a net salary of around ₹50,000 or more. Returning customers with good repayment history may qualify for more.
How much will I repay on a ₹20,000 loan for 30 days?
You'll repay ₹20,334 on day 30. ₹19,764 reaches your bank after the processing fee (incl. GST) is deducted. The APR is 35.09%.
Can I get ₹20,000 with a salary below ₹50,000?
Possibly a smaller amount first. First loans are typically up to about 40% of net salary. Repaying on time can raise your limit for later loans, up to ₹75,000.
Why is the APR on ₹20,000 higher for 7 days than for 365 days?
The processing fee is charged once, whatever the tenure. Spread over 7 days it makes the APR 82.84%; over 365 days it is 21.76%. In rupees, the shorter loan still costs less: ₹314 against ₹4,300.
Should I borrow ₹20,000 to pay another loan's EMI?
Only as a one-off bridge you can clear from your next salary. If you are short every month, a new short-term loan won't fix it; talk to your existing lender about the EMI instead.
Other amounts
Need a different amount?
Your salary, a little early.
Check your offer in 2 minutes. It’s free and won’t affect your credit score. Once your loan is disbursed, Salora Capital Limited reports it to the credit bureaus every month.
Loans by Salora Capital Limited, RBI-registered NBFC (CoR N-13.01855).