Need a ₹ 20000 Loan Urgently?

Need 20000 rupees loan? Apply now with Roopya to get instant personal loan in just 5 minutes. We offer lowest interest rates on loans.

Need a ₹ 20000 Loan Urgently?

Written by MyFinPartner

Looking for a 20000 rupees loan? Sometimes, our salary is not enough for us to look after our emergency expenses. Thus, we confront urgent requirements of some money for meeting our personal or emergency expenditures.

This type of short-term 20000 rupees loan is unsecured and can be borrowed at any time. It is to be stated that only salaried individuals can be facilitated with this 20000 rupees loan. As it is a multipurpose loan, 20000 rupees loan can be used for expenses like travel trips, home repairs, medical emergencies, and so on. In short, a 20000 rupees loan is a perfect solution for gratifying all unexpected cash needs.

How to apply for a 20000 rupees loan?

i need 20000 rupees loan urgently

Get an instant 20000 rupees loan in 5 minutes from Roopya. Applying for a personal loan is now really easy. Follow these steps to get a 20000 rupees loan:

  1. Visit instant loan application: Loan application form
  2. Fill all the details step by step
  3. Get instant personal loan approval in 5 minutes
  4. Receive your loan amount to your account

Quick links: Compare Personal Loans

Why you may need Rs. 20000 loan?

If you think- “I need 20000 rupees loan urgently”, you can go for this loan. You can take this loan for several requirements and purposes. Some of them are stated below:


Nowadays, people do not travel only for fun. Sometimes, they do it for multiple necessities to get a break from their daily hectic life or for a refreshment. Here comes the role of an instant 20000 rupees loan to mitigate the constraint of funds. You can take those loans for your vacation and quick peer-to-peer (P2P) loans for short holidays.


Everyone knows that marriages ensure a huge expenditure. Sometimes, we face difficulties in arranging for those types of funds. Also, travel and expanded parties need additional funds. If you are going through this issue, you can get a 20000 rupees loan without much of a stretch. This type of loan is crafted to meet such expenses.

Improvisation of home

Are you looking for a fresh coat of paint for your home? Do you have to ensure small repairs in your house? Are you desiring to remodel your home? Do you want to buy household equipment? Whatever your needs are, you can fulfill your requirements with these instant 20000 rupees loan. You can get a few thousand through P2P lenders or from several banks or NBFCs.

Balance transfer

NBFCs and banks proffer an opportunity of transferring high-interest loans at a lower interest to their institutions for improved work or financial situation. These transfers of balance offer respite by minimizing the rate of interest or the loan tenure.

Debt consolidation

People transact through credit cards or opt for borrowing money for fulfilling their needs. Debt consolidation loans assist in bringing together all obligations under a single loan. Also, short-term instant 20000 rupees loan offer a great way of paying high-cost credit card obligations off.


You cannot predict life. Moreover, you may face emergencies and accidents from time to time. In this situation, unsecured 20000 rupees loan are good options for people experiencing such circumstances. You can easily get money as loans for serious treatments.

Deposit of rent

Nowadays, young people mostly travel to get employment in metro cities. The rent deposits in these cities are quite high. Here, getting a 20000 rupees loan from P2P loan providers can be the best option for approaching. They can sanction a loan without much of a stretch.


You can be tempted through various lucrative discounts and deals during festivals. These sorts of unplanned expenses can impose impacts on your savings and budget as well. You can ignore this if you take a short-term 20000 rupees loan for purchasing your temptation.


Now, it has become an integral part of our life and existence. Smartphones are becoming famous at a whirlwind speed. People utilize them as devices for video meetings or online classes. If you want to buy a smartphone, you can take assistance through an instant 20000 rupees loan. With that cash amount, you can effortlessly buy a feature-loaded smartphone for sure.

Eligibility Criteria

There are some criteria that you have to meet to be eligible for this sort of loan. Below points will devise those criteria.


You just need to have a proper income source. It denotes that you should be a self-employed or a salaried individual to get these loans.


There are some age checks that may vary from person to person. If you are a salaried individual, you have to be at least 21 years old to get a 20000 rupees loan. On the other hand, if you have a business or you are self-employed, you need to be 23 years of age.

Simultaneously, you can see some age limitations as well. You have to be a maximum of 60 if you are a salaried employee and you need a short-term loan. Besides, if you are a business person, you should be 65 years while closing the loan.

Work experience

If you are self-employed, you need to be in business at least for three years to get a personal loan. The loan amount is gauged on profit after tax and the minimum turnover value differs as per the industry.

On the other hand, the borrower needs to possess six months of experience approximately in the current company and a total of 1-year experience.

Minimum income

If you live in non-metro cities, you have to earn Rs. 15,000 per month to avail of an instant 20000 rupees  loan. For metro cities, your salary should be 20,000 a month. Besides, if you are self-employed, your annual income needs to be at least Rs. 5 lakhs. Moreover, the annual revenues of a business person should be more than Rs. 50 lakhs.

Furthermore, you should furnish income proof like salary slips or bank account statements that reflect your drawn salary.

Salary credit

No cash salaries will be entertained for a personal loan. For a salaried individual, you have to get your salary as an account transfer applying with NBFCs or banks and cheque to online NBFCs.

Interest rate

It can be measured to minimize balance or as a flat rate and can differ from APR (annual percentage rate) 10.99% to 30%.

Credit score

To get these 20000 rupees loan, your credit score needs to be 650 and more than that. 

The Documents Required

Documents work as proof of reliability. An applicant’s profile is completely established by these documents. Financial institutions need these for determining on approving the request of a loan. Presently, while banks mostly utilize an offline process and require physical documents, P2P companies and NBFCs might require an online submission completely. Financial institutions mostly need common documents.

The required documents are mentioned below:

  • PAN card
  • Identity proof
  • Address proof
  • Salary slips
  • Six months bank statements
  • Income proof
  • Proof of house ownership (if any)
  • Passport-sized photographs
  • For business people, proof of business existence, Balance sheet, P & L, IT statement, Audit report, and many more are needed.

Prior to offering you any kind of a personal loan, all banks check if you ensure the repayment capability. After that, they will consider you eligible for their loan. They consider a number of criteria. But, they utilize some basic calculations most vitally for deciding if you have the financial ability to loan repayment.

IIR (Installment to Income Ratio)

Banks identify your capability to repay to calculate the IIR. It is based on perceiving that the value of the loan does not outstrip your repayment capacity. Generally, the ratio is 33% to 40% of your income in a month. IIR is utilized by the banks for deciding on the loan amount as well as the repayment amount.

FOIR (Fixed Obligations to Income Ratio)

Banks use FOIR to determine if you have other loans that you are repaying at the time of recognizing your eligibility for an instant loan. This is the most famous calculation that banks use for deciding if you have the income ability for repayment of the loan.

LTC or LTV (Loan to Cost or Loan to Value Ratio)

Banks calculate this for determining your eligibility criteria for home loans. This is to be stated that the property value is considered for deciding the loan amount. However, your income is checked for determining your capacity to repay the loan.

Features and Benefits

Features of Personal loans

There are some major features that a quick loan ensure. The following points will illustrate them shortly.

Mini cash loan

It is also known as a small cash loan due to the small loan amount. It can be taken over a short-term, which is up to six months. An applicant can be able to borrow from Rs. 10,000 to Rs. 50,000.

As it is a pocket-sized loan, you can avail of it online without going out of your home. Your credit score should be more than 600 to get qualified for the loan. However, if there are no overdue, you will be considered with a minimum CIBIL score of 550.

Fast cash loan

This type of loan is famous for a speedy disbursal process within hours. A fast cash loan is significant for those who are in instant requirement of money. Right from filling the form of application, uploading needed documents, getting loan approval, and the funds, all take place faster.

You need only two minutes to apply for an instant personal loan online. Besides, you will get the funds without delays. All you have to ensure that the proof and documents are in place and you have the eligibility for the loan.

Same day loan

This sort of loan gets disbursed the same day of the loan approval or loan application. The funds, sometimes, get disbursed in less than two hours. Keep in mind that if you ensure loan application outside the banking hours, you will get the loan amount the next day.

Emergency loan

Everyone has a financial plan for a month that has funds allotted for regular liabilities and expenses. Still, sometimes, we face financial contingency. Moreover, we have an insufficient bank balance for undertaking this requisite. To address these sorts of emergencies, you can choose an emergency loan that can be a quick solution for your monetary woes.

An emergency situation is of any type, like car repair, hospitalization, unplanned travel, and many more. This type of loan is for multi-purpose. Thus, you will be able to utilize the funds for looking after any urgency. You will be asked no questions.

Quick loan

Financial institutions disburse quick loans within hours. These loans work as a quick fix to financial constraints. A quick loan ensures minimal documentation, easy criteria for eligibility, and a loan application availability feature.

Unlike traditional loans, you do not have to wait for 2 to 3 days for approval as well as disbursal of funds. After approval, the funds electronically are transferred to your account in a jiffy.

It is to be explained that all these loans are considered the same product. The amount will be less than Rs. 1 lakh and the tenure will be less than 1 year. You can get these loans within a day.

Benefits of a personal loan

There are no restrictions formulated by lenders on the purpose for which an applicant could apply for a personal loan. Life may throw a list of planned or unplanned expenses. You will get tremendous flexibility with these loans as they are an excellent option for those expenses. Thus, you can consider this type of loan when any urgent cash need occurs.

The below points will screen why this sort of loan is beneficial for you.

  • This loan is a collateral-free loan- You do not need any collateral to get this loan. Besides, you will be able to borrow funds without any collateral.
  • You can borrow an amount according to your choice- The best part about getting an instant loan is that an applicant can borrow a sum of less than 50,000. You have to just go through some simple steps after logging into the website of the financial institution or the lender. Moreover, you will get the amount in your account after 30 minutes of its approval.
  • You can get the information easily- You will be able to obtain the information about this loan at your fingertips without much of a stretch. After logging into your account, you can avail of statements. Not only that but also you can manage payments related to this loan at your convenience. In short, this loan is just a few clicks away.
  • This is more beneficial for existing customers- Automatically, existing customers are eligible for an instant cash loan on the principle amount. Moreover, you will get benefits on the interest rate as well.
  • You can apply for this loan online- Do you want to omit the hassle of excess documentation and paperwork? If you want to ensure an instant cash loan online, the process of application is paper-free completely. You just have to fill the needed details in, scan, and upload the needed documents to apply for a loan.
  • This loan acts as a credit score building mechanism- This sort of loan can be utilized as a mechanism of credit score building. Moreover, the professionals of the financial institutions can offer you consulting through which you can upgrade your credit score. They can also let you know the best utilization of the product.

Things to consider

Prior to applying for an instant cash loan online, you need to consider the below points.

  • A lender will not accept any cash salary. You should get the salary through cheque or account transfer.
  • Besides, you need to ensure the repayment through the EMI method of monthly installment.
  • You will be able to borrow the loan between Rs. 10,000 to Rs. 50,000. It will rely on several factors like your income, credit history, the capacity of repayment, and so on.
  • The loan agreement will mention the processing fee.
  • You can ensure repayment through NEFT or post-dated cheques according to the repayment cycle, submitted to the lender.
  • All vital documents and checks are mandatory to get a personal loan. You will need KYC verification, proof of identity, employment, income, and so on. 

Why Roopya?

When you confront any urgent cash requirements, generally, you ask for referrals of any lenders from your family members or friends. Here, it is to be stated that you can get assistance at your fingertips from Roopya about this matter.

You will be assured that being in the industry for several years, Roopya will offer you a completely transparent service. Besides, you will get the ultimate peace of mind as Roopya does not take any hidden charges from its customers. If you meet the eligibility criteria for the loan, the loan amount will be credited to your account within hours.

With us, you will only need a maximum of 2 minutes to apply for the loan and provide the basic and required KYC documents. Not only that but also, Roopya secures a robust privacy policy for its customers. With us, your information is fully-secured and we do not pass your information on to any third party.

As there is a list of financial institutions or lenders that are ready to give you an instant loan option. Thus, you may think that is why you should opt for Roopya over others. Below are some reasons that can help you to know why Roopya is the best for this purpose.

  • You will need minimal documentation to get a personal loan.
  • The loan can be sanctioned instantly.
  • Moreover, you can ensure fast disbursal of the loan.
  • Not only that but also, you will be able to choose an easy prepayment structure from the alternatives.
  • Roopya does not take any prepayment charges from its customers.
  • Moreover, Roopya does not charge any foreclosure fees.
  • The process that is set up by Roopya is completely transparent and easy to understand for its customers.
  • Besides, with Roopya, you can ensure a completely online process to get an instant loan.
  • It is to be mentioned that the customer support you will get from Roopya is second to none.

Thus, if you think- “I need 20000 rupees loan urgently”, your tension has come to an end with Roopya. Roopya through its RBI licensed and NBFC P2P lending platform elicits lenders and borrowers together for transacting in fast personal loans.

The model lets several people who have been excluded financially take part in the credit system. People having money can get access to a new asset class. Besides, they will be able to invest by lending small amounts to several borrowers.

Roopya handgrips the credit analysis of the borrowers. Moreover, it approves borrowers based on several alternate and traditional data points. In comparison to banks, P2P lending lets people from all parts apply and avail of a personal loan with a fast and online process.


Q1. Should I have to be employed currently to apply for small cash loans?

Yes. You should be employed currently and should draw a regular monthly salary. Your bank account should reflect your salary. You need to be employed with the current employer for at least two months to get qualified for the loan.

Q2. Can I get the loan if I am self-employed?

Yes, you can avail of any personal loan from Roopya if you are self-employed. Just go through our eligibility criteria for a better understanding.

Q3. Do you ensure any credit checks?

Yes. Roopya accesses your credit score or reports when you apply for a personal loan. Keep in mind that your CIBIL score should be a minimum of 600. If your score is lower than that do not worry. We still provide loans if you ensure a strong capacity for repayment.

Q4. What is the process of sending my bank statement and other documents?

You will be able to upload a soft copy of the documents at the time of making the loan application. It is to be mentioned that you do not need to send us any hard copy of any document. Moreover, you can send the documents through the email given on our website.

Q5. How soon will my loan be approved?

Once we receive your application for a small cash loan, we take minutes for the lending decision. If you apply for a loan on non-working weekends, then the application will be processed the next working day. Generally, funds are disbursed within two hours after the approval of the loan.

Q6. How will I be able to get a personal loan?

You can avail of it to fill in your basic and required information on our website. We have trained professionals who will get in touch with you shortly. Roopya understands the value of your time.

Q7. Why should I go for Roopya for online cash loans?

Roopya ensures quick and hassle-free paperwork for an online cash loan. Though it is thorough with its checks, Roopya takes every case individually.

Q8. In which cities does Roopya operate?

Roopya operates in all major cities of India. Right from, Kolkata, Delhi, Mumbai, Bangalore, Gurgaon, Pune, Chennai, Noida, Jaipur, Indore, to Hyderabad, it offers its services.

Q9. Will I be able to apply for an instant loan through Roopya without a CIBIL score?

Yes, absolutely you can apply for an instant loan. You can apply for a mini cash loan through us even if you are a fresher in credit. But, in that case, you have to be a salaried individual having a minimum income of Rs. 25,000 per month.

Q10. What CIBIL score should I have for a Roopya small cash loan?

Roopya considers 600 to be a good CIBIL score for starting the proceedings. But, sometimes, Roopya does accept candidates having a score of 550 or 580 if he or she has other credentials strong.

Q11. What is the best way of contacting Roopya?

You can give us a ring on the given number on our website. Besides, you can send us an email on the provided email id.

Q12. What if I miss repaying on my scheduled personal loan EMIs?

Roopya sends you reminders to ensure that you do not miss making your payments. In case, you miss to repay, you will have to pay a late payment fee of 15%, ranging from Rs. 350 to Rs. 1000.


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