Personal Loan of 30 Lakh

• Your credit score
• Loan tenure
• Employment profile
• Existing financial obligations

• Paying for higher education abroad
• Consolidating multiple high-interest debts
• Covering major medical expenses
• Big budget wedding expenses

• Age: 21 to 60 years
• Credit Score: 750+ is preferred
• Employment: Salaried or self-employed with stable income
• Work Experience: 2–3 years minimum

Note: For a loan of Rs. 30 lakh, lenders may ask for additional documents from applicants, if and when required.

• PAN card & Aadhaar card
• Income Proof like salary slips of the last 3 months or ITR for self-employed
• Bank statements of the last 6 months
• Address proof like utility bill, rental agreement, etc.
• Employment or business proof

Also Read: List of Documents for Personal Loan

• Processing Fee: 0.5% – 3% of loan amount
• Stamp Duty: As per applicable law
• Late EMI Charges: Up to 24% p.a.
• Legal Charges: As per actuals

• Easy access to top lenders
• Collateral-free loans
• Free credit score check
• Attractive interest rates
• Flexible repayment tenures
• Fast approvals & disbursal
• 360-degree assistance

• Strain your budget: A personal loan of Rs. 30 lakh comes with hefty EMIs that reduce your disposable income, leaving little room for savings or any unexpected expenses.
• Dip in Credit Score: When you take out a new loan, your credit score may dip initially, which can be rebuilt only through healthy credit behavior and timely repayment. Defaulting can severely impact your credit score, limiting your future borrowing options.
• Risk of Debt Trap: If not managed carefully, EMIs plus other obligations can lead to over-borrowing and financial stress.
• Limited Future Borrowing Capacity: Taking a big loan increases your debt-to-income ratio, which may affect approval chances for future loans (like home or car loans).