How to get a personal loan of Rs. 10 lakh for 3 years

Continue reading to learn how to secure quick funding with the help of a personal loan.
How to get a personal loan of Rs. 10 lakh for 3 years
5 min read
9 February 2024

Having access to financial resources is crucial for realising personal aspirations and addressing unexpected expenses. Whether it is for pursuing higher education, consolidating debts, or embarking on a long-awaited vacation, a personal loan can provide the necessary financial support.

How to get a personal loan of Rs. 10 lakh for 3 years?

Bajaj Finance offers personal loans of up to Rs. 40 lakh, with tenures ranging from 6 months to 96 months. You can easily get a personal loan of Rs. 10 lakh for 3 years by meeting the simple eligibility criteria and submitting the required documentation.

Eligibility criteria for a personal loan

Anyone can apply for our personal loan online, as long as they meet the five fundamental requirements listed below:

  • Nationality: India
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Monthly salary: Starting Rs. 25,001, based on the city you live in.

*You should be 80 years* or younger, at the end of the loan tenure.

Documentation required for a personal loan

Once you have met all of the eligibility requirements, you will need to provide a set of documents to complete your instant loan application. They are as follows:

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months
  • Utility bill of electricity and piped gas

How to calculate Rs. 10 lakh loan EMIs for 3 years?

Manually calculating your EMIs can be complex, time-consuming, and prone to mistakes. A personal loan EMI calculator is considered to be the most useful instrument for streamlining the process and obtaining accurate answers quickly. This online calculator not only provides immediate answers but also aids in financial planning by offering clear information about your EMI amount. The personal loan EMI calculator on the Bajaj Finance website allows you to simply calculate your EMIs with a few clicks. Simply enter your loan amount, interest rate, and repayment period to get quick loan EMI information.

How can I apply for a personal loan of Rs. 10 lakh for 3 years?

Our personal Loan application process is simple and can be done online. Visit the personal loan page and click 'APPLY.' Enter your 10-digit mobile number and verify it with OTP. Complete the application form by providing essential details and click on 'PROCEED'. Enter the desired loan amount, select your preferred tenure, complete the KYC requirements and submit your application.

With a Bajaj Finance Personal Loan, you can benefit from speedy disbursal and a simple online application process. The loan amount is transferred into your bank account within 24 hours* of loan approval. This helps you manage your expenses in a hassle-free manner.

Apply for our personal loan

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply