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EMI: Rs. 3,375
INSTANT APPROVAL
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EMI: Rs. 3,375
INSTANT APPROVAL
LOWEST EMI
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EMI: Rs. 3,375
INSTANT APPROVAL
LOWEST EMI
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All about Flexi Loan
EMI: Rs. 3,375
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EMI: Rs. 3,375
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EMI: Rs. 6,102
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EMI: Rs. 6,903
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EMI: Rs. 8,123
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EMI: Rs. 10,181
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EMI: Rs. 14,333
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EMI: Rs. 26,866
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EMI: Rs. 5,787
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EMI: Rs. 6,598
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EMI: Rs. 7,827
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EMI: Rs. 9,893
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EMI: Rs. 14,052
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EMI: Rs. 26,585
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Rs. 3 lakh personal loan
A Rs. 3 lakh personal loan can help manage planned or urgent expenses such as medical bills, education fees, weddings, or travel costs. Borrowers can apply for a personal loan online with quick approval, flexible repayment tenures from 12 months to 108 months, competitive interest rates from 10% and 30% p.a., and minimal documentation.
Features and benefits of a 10 Lakh personal loan
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Features and benefits of Personal Loan
Discover the features and benefits of a Personal Loan—quick approval, minimal paperwork, flexible repayment options, and no collateral required.Explore the features and benefits of a personal loan from Bajaj Finserv. Flexible terms, easy approval.
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3 unique variants
Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Term Loan.
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No part-prepayment charge on Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan
Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.
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Loan of up to Rs. 55 lakh
Manage your small or large expenses with quick personal loans ranging from Rs. 40,000 - Rs. 55 lakh.
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Convenient tenures
Manage your loan easily with repayment options ranging from 12 months to 108 months.
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Approval in just 5 minutes
Complete your entire personal loan application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.
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Money in your account in 24 hours*
Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval.
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No hidden charges
Our fees and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying.
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No guarantor or collateral needed
You do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.
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*Terms and conditions apply.
These features make this one of the best personal loans in India. Still haven’t found what you’re looking for? Click on any of the links at the top of this page.
Eligibility criteria for a Rs. 3 lakh loan
Understanding the eligibility criteria is important before applying for a 3 lakh loan. Factors such as age, income, employment type, repayment capacity, and CIBIL score are commonly considered. Keeping the required documents ready can help make the application process smoother, faster, and more convenient.
- Nationality: Indian
- Age: 21 years to 80 years.
- Employed with: Public, private, or MNC.
- CIBIL Score: 650 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years or younger, at the end of the loan tenure.
Use the personal loan eligibility calculator to assess your eligibility instantly and plan your loan application confidently. Ensure you meet the criteria for smooth processing and quick disbursal.
Documents required for a Rs. 3 lakh loan
To apply for a Rs. 3 lakh personal loan, it’s important to have the correct personal loan documents.
- 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
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
Rs. 3 lakh personal loan EMI for 5 years
Understanding the 3 lakh personal loan EMI for 5 years can help borrowers plan monthly repayments more effectively. Based on the loan amount of Rs. 3,00,000, the EMI may vary depending on the applicable interest rate and chosen repayment tenure, helping borrowers select a repayment option that suits their financial needs.
Use the personal loan EMI calculator to estimate your exact monthly repayment and make well-informed decisions. Here's an indicative EMI table for a 5-year loan tenure:
Loan Amount (Rs.) | Interest Rate | Tenure | EMI Amount (Rs.) |
3,00,000 | 10% p.a. | 5 years | 6,360 |
3,00,000 | 12% p.a. | 5 years | 6,700 |
3,00,000 | 14% p.a. | 5 years | 7,000 |
3,00,000 | 16% p.a. | 5 years | 7,300 |
Note: EMI amounts are approximate and may vary based on eligibility and lender terms.
Rs. 3 lakh personal loan interest rate, fees & charges
Understanding the Rs. 3 lakh personal loan EMI for 5 years is important when planning a Rs. 3 lakh loan. The EMI depends on the loan amount, applicable interest rate, and chosen repayment tenure. Checking the personal loan interest rate beforehand ensures you make an informed borrowing choice and manage your repayments effectively.
How to apply for a Rs. 3 Lakh personal loan
To apply for a personal loan of Rs. 3 Lakhs, follow these steps:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants – Term, Flexi Term, and Flexi Hybrid Term Loan.
- Choose the repayment tenure – you can select tenure options of 12 months to 108 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Who should apply for a Rs. 3 lakh personal loan?
A Rs. 3 lakh personal loan may be suitable for salaried individuals, self-employed professionals, or business owners who need funds for planned or urgent expenses. It can help manage medical emergencies, education costs, home renovation, travel or weddings. Borrowers looking for quick approval, flexible repayment tenures from 12 months to 108 months, and collateral-free financing may consider applying based on their eligibility and repayment capacity.
Why get a Rs. 3 lakh personal loan from Bajaj Finance
- Quick access to funds: Manage unexpected expenses like education, urgent home repairs, or personal projects efficiently.
- Unsecured loan: No collateral required, making it easier to apply and get approval.
- Fast online application: Apply digitally and get approval swiftly.
- Rapid disbursal: Funds are usually credited within 24 hours* of approval.
- Competitive interest rates: Affordable rates starting at just 10% p.a.* p.a.
- Flexible repayment: Easy Rs. 3 lakh loan EMI options make repayment stress-free.
- Reliable support: Bajaj Finance ensures dependable and speedy financial assistance.
Explore personal loan options
Frequently asked questions
To know how to get Rs. 3 lakh loan in one day, apply online for a pre-approved offer, keep your documents ready, and maintain a good credit score to ensure quick approval and fast disbursal.
The EMI for a personal loan depends on the repayment tenure and interest rate. For example, the Rs. 3 lakh personal loan EMI for 5 years at 13% interest is approximately Rs. 2,275 per month. You can easily calculate your exact EMI using our personal loan EMI calculator by entering the loan amount, tenure, and applicable interest rate.
Here’s a quick glance at approximate EMIs at 13% interest:
- 2 years: Rs. 4,754
- 3 years: Rs. 3,369
- 5 years: Rs. 2,275
Use the calculator to find your customised Rs. 3 lakh personal loan EMI plan instantly.
The Rs. 3 lakh loan monthly EMI starts at approximately Rs. 6,400 for a repayment tenure of 60 months. The final EMI amount may vary depending on the applicable interest rate, chosen tenure, and overall loan terms.
The minimum salary required to get our personal loan is Rs. 25,001. However, the salary requirement changes based on your city of residence. Please note that there are other eligibility criteria along with minimum income that are required for a personal loan approval.
Salary requirements can vary. It’s important to review the eligibility criteria and terms and conditions before submitting your personal loan application.
The salary requirement for a Rs. 3 lakh personal loan depends on the lender's policies and eligibility criteria. Generally, lenders assess the applicant's income, financial stability, and repayment capacity to determine the minimum income needed.
While income documents are usually required, some lenders offer a 3 lakh loan without income proof by accepting alternative documents like:
- 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
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
To get a Rs. 3 lakh personal loan, you only need to meet a few basic eligibility criteria:
- You must be between 21 years and 80 years of age
- You must be a salaried individual employed with an MNC, public or private company
- You must be a residing citizen of India
- Your CIBIL Score must be 650 of higher
If you meet the salary requirement based on your city of residence, you can qualify for the loan.
*Terms and conditions apply
Select existing customers who have a pre-approved personal loan offer may not have to submit documents such as their salary slips. Typically, you are required to submit the following documents to get our personal loan:
- Passport-size photographs
- KYC documents
- Bank account statements for the last 3 months
- Salary slips for the last 3 months
To apply for a Rs. 3 lakh personal loan without documents, look for lenders who offer minimal documentation loans online. While most require basic personal and financial details like KYC, income proof, employment status, and credit score, some providers simplify the process to help you get quick approval with fewer documents.
You can get a Rs. 3 lakh personal loan without collateral by meeting lender requirements like sufficient income, a good credit score, and submitting minimal documents.
A credit score of 650 or higher is generally preferred to qualify for an instant Rs. 3 lakh personal loan, improving your chances of quick approval and better interest rates.
Yes, a Rs. 3 lakh loan on Aadhaar card is possible with additional KYC documents and subject to lender approval based on your credit history and eligibility.
The interest rate for a personal loan Rs. 3 lakh usually ranges from 10% and 30% p.a. The final rate depends on factors such as income, CIBIL score, employment profile, repayment history, and lender policies.
A Rs. 3 lakh personal loan can improve the credit score if EMIs are paid on time. However, missed or delayed repayments may negatively affect the borrower’s CIBIL score and overall credit profile.
Several lenders in India offer apps for a Rs. 3 lakh personal loan with quick approval and digital processing. Borrowers should compare interest rates, repayment tenures, processing fees, and eligibility criteria before applying.
