Rs 3 Lakh Personal Loan

Get Rs 3 Lakh Personal Loan Online at Paisabazaar

The loan amount can be availed for various purposes, such as travelling, shopping, paying bills, home renovation, debt consolidation, as well as for the purchase of consumer durable products, including laptops, smartphones, home appliances, sports equipment, etc.

Applicants may also check for pre-approved loans offered on Paisabazaar by its lending partners, including Axis Bank, Tata Capital, Federal Bank, Aditya Birla Capital, Hero Fincorp and various others to avail funds at preferential rates with zero documentation and quicker disbursals.

Applicants who are New-to-Credit (with no credit history) can also avail personal loan of Rs. 3 lakh, by checking with their banks where they have their salary account, savings account or fixed deposits. In case they are unable to get a personal loan, they can consider various secured options, such as loan against fixed deposit, secured credit card, or even gold.

Key Features & Benefits

Some of the key features and benefits are listed below for you to check and have a basic idea while you plan to apply for a personal loan online:

• Instant approval and disbursal
• End-to-end digital process
• Instant cash and no documentation via pre-approved personal loans
• Interest rate: 10.50% p.a. onwards
• Loan Amount: Rs. 10,000 – Rs. 40 lakh
• Processing Fee: Up to 4% of the sanctioned loan amount
• Repayment tenure: Up to 5 years, may exceed as per requirements
• Easy and hassle-free documentation process

Personal Loan Interest Rates

Most of the financial institutions offer personal loans at an interest rate of 10.50% p.a. onwards with repayment tenure up to 6 years. To avail personal loan for Rs. 3 lakh, applicants can check and compare loan products from various banks and Non-banking Financial Companies (NBFCs) offering personal loans on Paisabazaar.

Check Out Pre-Approved Personal Loan Offers on Paisabazaar

FAQs on 3 Lakh Personal Loan

Can I get personal loan of Rs 3 lakh?

Your chances of availing personal loan of Rs. 3 lakh would depend on the eligibility criteria set by the potential lenders. Some of the factors considered by lenders while evaluating loan applications include your age, income, credit history, employment, work experience, etc.

Can I get Rs 3 lakh personal loan without salary slip?

Applicants who do not have latest salary slips can also apply for personal loans. However, lenders usually ask for alternate documents, such as recent bank statements and ITR of the applicants to estimate their loan repayment capacity.

Can I get a personal loan of Rs 3 lakh without income proof?

Banks and NBFCs do require income proofs of their personal loan applicants to evaluate their repayment capacity and creditworthiness. In case the applicant lacks valid income proofs, banks and NBFCs ask for their financial statements to determine their repayment capacity based on their cash flows. Many lenders offering pre-approved personal loans do not require income proof documents from their eligible applicants.

Is Rs. 3 lakh personal loan available without collateral?

Yes, you can avail Rs. 3 lakh personal loan without collateral, as it is an unsecured loan and you are not required to provide any collateral or security with the bank.

What is the EMI for a 3 lakh personal loan for 2 years?

The EMI for Rs. 3 lakh personal loan for 2 years is 13,913, assuming the interest rate of 10.50% p.a. The interest amount sums out to be 33,907 and total amount payable is Rs. 3,33,907 respectively.

What is the EMI for a Rs. 3 lakh personal loan for 5 years?

The EMI for Rs. 3 lakh personal loan for 5 years is 6,448, assuming the interest rate of 10.50% p.a. The interest amount sums out to be 86,890 and total amount payable is Rs. 3,86,890 respectively.