Rs. 30 Lakh Loan

A Rs. 30 lakh loan can be a great financial tool for large expenses such as business expansion, higher education, home renovation, or medical emergencies. If you’re looking for a cost-effective borrowing option, secured loans against investments like shares, bonds, and mutual funds can help you access funds at lower interest rates.

These loans allow you to leverage your existing investments without liquidating them. Since they are secured, they come with lower interest rates, faster approvals, and flexible repayment tenures. Depending on the type of security offered, you can avail of an attractive interest rate and easy processing.

Choosing the right loan depends on factors like interest rates, loan tenure, eligibility, and repayment capacity. This guide explores six reliable ways to get a Rs. 30 lakh loan, eligibility criteria, required documents, the application process, benefits, and EMI calculations to help you make an informed financial decision.

6 ways to get Rs. 30 lakh loans

The table below provides an overview of six ways to obtain a Rs. 30 lakh loan using different financial instruments as collateral.

Loan product	Interest rate	Loan tenure	Details and application link
ESOP Financing	up to 15% p.a.	Up to 36 months	Learn more and apply for ESOP Financing
Loan Against Bonds	Up to20% per annum	Up to 36 months	Learn more and apply for Loan Against Bonds
Loan Against Insurance Policy	Up to 24% p.a.(In case of lock-in policies, compounding interest will be chargedIn case of lock-in free policies, simple interest will be charged)	Up to 96 months	Learn more and apply for Loan Against Insurance Policy
Loan Against Mutual Funds	8-15% per annum	Up to 36 months	Learn more and apply for Loan Against Mutual Funds
Loan Against Shares	8-15% per annum	Up to 36 months	Learn more and apply for Loan Against Shares

Eligibility criteria for a Rs. 30 lakh loan

To qualify for a Rs. 30 lakh loan, you must meet specific eligibility requirements set by lenders. These include:

• Age: 18 to 65 years
• Income: Stable income source from salary, business, or investments
• Employment status: Salaried or self-employed professionals/business owners
• Asset ownership: Existing investments in bonds, shares, or insurance

Lenders may have additional criteria depending on the loan type and security offered. This is based on Bajaj Finance loan against securities.

Documents required for Rs. 30 lakh loan

For a smooth application process, you must submit the following documents:

Official Valid Documents (OVDs) for KYC:

• Identity proof: Aadhaar, PAN, passport, driving license, or Voter ID
• Address proof: Utility bills, driving license, passport, or Aadhaar card

Other documents:

• Income proof: Salary slips, IT returns, or business financial statements
• Bank statements: Last six months’ statements
• Investment proof: Ownership documents for shares, bonds, mutual funds, or insurance policies
• Loan application form: Completed and signed form as per lender’s requirement

Additional documents may be needed based on the type of loan applied for.

How to apply for a Rs. 30 lakh loan?

Applying for a Rs. 30 lakh loan is a straightforward process. Follow these steps:

1. Choose a suitable loan type – Compare ESOP financing, loans against bonds, or shares to find the right option.
2. Check eligibility criteria – Ensure you meet the lender’s requirements, including credit score and asset ownership.
3. Gather necessary documents – Keep ID proof, income proof, and investment details ready for faster processing.
4. Apply online or offline – Visit the lender’s website or branch to submit your loan application.
5. Get loan approval – The lender will verify documents, check credit history, and approve the loan if all conditions are met.
6. Disbursement – Once approved, funds are transferred to your bank account within a few days.

Benefits of Rs. 30 lakh loans against investments

Taking a Rs. 30 lakh loan against investments has several advantages:

• Lower interest rates: Secured loans have lower interest rates compared to unsecured personal loans.
• No need to liquidate assets: You can retain your investments while using them as collateral.
• Faster processing: Minimal documentation and quick approvals ensure speedy loan disbursal.
• Flexible repayment options: Choose from different tenures and EMI options based on your repayment capacity.
• No prepayment charges: Many lenders allow early repayment without additional fees.
• Continued investment growth: Your pledged assets can continue to earn returns while securing the loan.

This makes investment-backed loans a smart and cost-effective borrowing option.

Conclusion

A Rs. 30 lakh loan against investments is a smart way to access funds without selling your assets. It offers lower interest rates, quick approvals, and flexible repayment options.

By pledging securities like shares, bonds, mutual funds, or insurance policies, you can get a secured loan at competitive rates. However, it's essential to compare loan products, check eligibility criteria, and use an EMI calculator before making a decision.

Ensure timely repayments to maintain a strong credit score and maximise your investment growth while using them as collateral. If you're looking for a cost-effective financing option, a loan against investments is a great choice.

Explore Loan Against securities by Bajaj Finance Limited.