High Loan Amount:
A Rs 3 Lakh instant loan covers urgent expenses like medical, wedding, education, travel, or home renovation.
Rs 3 Lakh Personal Loan
Instant Approval
Tenure up to 36 months
Minimum Income Required Rs 15K
Personal Loan EMI Calculator
Get a Rs 3 Lakh Personal Loan Instantly
Get a Personal Loan of up to Rs 3 Lakh instantly with a hassle-free process. Whether you need funds for medical emergencies, home renovation, or any personal expense, you can avail of this loan with a minimum income requirement of just Rs 15,000 per month. Enjoy flexible repayment options with a tenure of up to 36 months, making it easy to manage your EMIs. With interest rates starting at 19% per annum, this loan is designed to provide quick financial support with minimal documentation and fast approval. Apply now for instant funds!
EMI for Personal Loan of Rs 3 lakh for Tenures of 1-3 years
While looking for a 3 Lakh Personal Loan, you can choose a repayment loan tenure of up to 36 months (three years). The 3 Lakh Personal Loan EMI will majorly depend on your tenure. To choose a suitable EMI for Rs 3 Lakh Personal Loan, an EMI Calculator can be an ideal solution.
The Personal Loan EMI calculator will calculate the EMI amount for various loan terms and help you select the best tenure with budget-friendly EMIs. For instance, if you borrow an instant loan of 3 Lakh at an interest rate of 19%, your EMIs for different loan terms would be as follows:
| Loan Term | EMI Amount |
|---|---|
| 3 Lakh Loan for 1 Year | Rs 26,514* |
| 3 Lakh Loan for 2 Years | Rs 13,982* |
| 3 Lakh Loan for 3 Years | Rs 9,822* |
| 3 Lakh Loan for 4 Years | Rs 7,754* |
| 3 Lakh Loan for 5 Years | Rs 6,523* |
Disclaimer: The EMI calculations provided are approximations, and actual figures may differ.
For a 3 Lakh loan, the EMI calculator will calculate the EMIs based on the repayment tenure you choose and the interest on 3 Lakh loan. Per month installment has a portion of the principal and applicable interest rate. Higher interest rate means bigger EMIs, shorter loan tenure means bigger EMIs, and longer loan tenure means smaller EMIs. So, make your decision accordingly.
EMI for Personal Loan of Rs 3 Lakh for up to 3 Years
While looking for a 3 Lakh Personal Loan, you can choose a repayment loan tenure of up to 36 months (three years). The 3 Lakh Personal Loan EMI will majorly depend on your tenure. To choose a suitable EMI for Rs 3 Lakh Personal Loan, an EMI Calculator can be an ideal solution.
The Personal Loan EMI calculator can calculate the EMI amount for various loan terms and help you select the best tenure with budget-friendly EMIs. For instance, if you borrow an instant loan of 3 Lakh at an interest rate of 19%, your EMIs for different loan terms would be as follows:
| Loan Amount | Tenure (in Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 3,00,000 | 12 | 19% | Rs 27,647 | Rs 31,764 | Rs 3,31,764 |
| Rs 3,00,000 | 18 | 19% | Rs 19,285 | Rs 47,130 | Rs 3,47,130 |
| Rs 3,00,000 | 24 | 19% | Rs 15,123 | Rs 62,952 | Rs 3,62,952 |
| Rs 3,00,000 | 30 | 19% | Rs 12,640 | Rs 79,200 | Rs 3,79,200 |
| Rs 3,00,000 | 36 | 19% | Rs 10,997 | Rs 95,892 | Rs 3,95,892 |
Disclaimer: The EMI calculations provided are approximations, and actual figures may differ.
For a 3 Lakh loan, the EMI calculator will calculate the EMIs based on the repayment tenure you choose and the interest on 3 Lakh loan. Per month instalment has a portion of the principal and applicable interest rate. Shorter loan tenure means bigger EMIs but less overall interest payable, while longer loan tenure means smaller EMIs but more overall interest payment. So, make your decision accordingly.
Features and Benefits of a Personal Loan of Rs 3 Lakh
At Hero FinCorp, you can apply for a Personal Loan of up to 3 Lakh and repay it in easy EMIs spread across a maximum tenure of 36 months. Here are some features and benefits you must know:
Attractive Interest Rate:
Hero FinCorp offers competitive rates, ensuring affordable EMIs on a Rs 3 Lakh loan based on eligibility.
Collateral-Free:
Hero FinCorp offers 100% collateral-free Personal Loans based on income, DTI ratio, credit score, and history.
Flexible Repayment Tenure:
Choose a flexible repayment tenure of up to 36 months for your Rs 3 Lakh Personal Loan EMI.
Instant Approval:
After loan application, Rs 3 Lakh is approved instantly and disbursed quickly.
Eligibility Criteria for a Personal Loan of Rs 3 Lakh
At Hero FinCorp, we have simple Personal Loan eligibility criteria that anyone can fulfill to qualify for a Rs 3 Lakh loan with a 3 year tenure. However, check these conditions before applying to ensure you meet the requirements and avoid rejection.
Age
To get a Rs 3 Lakh loan from Hero FinCorp, you should be 21-58 years old.
Citizenship
At Hero FinCorp, we offer 3 Lakh loan facilities to Indian citizens only.
Work Experience
Minimum work experience for salaried employees is 6 months, and 2 years for self-employed.
Monthly Income
Minimum income requirements of Rs 15,000 per month.
Documents Required for a Personal Loan of Rs 3 Lakh
At Hero FinCorp, we support a 100% digital loan process with zero paperwork and no branch visits. The documentation requirements for a Personal Loan vary for salaried and self-employed individuals. Here is a brief overview of the documents required for Personal Loan:
Salaried
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months' Bank Statements and ITR for 2 Years
Self-Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements, and Form 16
Personal Loan Interest Rates for Rs 3 Lakh Loan
Hero FinCorp provides Rs 3 Lakh loans with the best Personal Loan interest rates. Our interest rates are highly competitive. However, before applying, you should be aware of other fees and charges to determine the total cost of your loan. Here is an overview.
How to Apply for a Personal Loan of Rs 3 Lakh?
Applying for a 3 Lakh Loan online at Hero FinCorp is straightforward. Here are the steps to follow:
- 1
Visit the Hero FinCorp website or install the Personal Loan app
- 2
Go to the Personal Loan page and click ‘Apply Now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
Uses of Personal Loan of Rs 3 Lakh
A Personal Loan of Rs 3 Lakh can be used for various financial needs. Here are some common uses:
3 Lakh Personal Loan Related Blogs
FREQUENTLY ASKED QUESTIONS
The steps to get a 3 Lakh Personal Loan are as follows:
Check eligibility
Apply online
Submit KYC details & documentation
Wait for verification & approval
Accept Loan offer
Get instant disbursal
Yes, if you have a high income and low financial obligations, you can get a Personal Loan without a CIBIL score.
You don't need to submit any paper documents to avail of a Personal Loan at Hero FinCorp. You just need to provide your KYC details and proof of income online to complete the application process.
The 3 Lakh Personal Loan EMI for 3 years at a 19% per annum interest rate would be Rs 10,997. If the interest rate increases or decreases, the EMI amount will change.
At a 19% interest rate, your EMI for Rs 3 Lakh Personal Loan would be Rs 15,123 for 2 years and Rs 10,997 for 3 years. The EMI amount will change with the interest rate.
Every loan comes at a borrowing cost. So, ideally, you cannot get a Rs 3 Lakh loan without interest. However, you can always get the lowest interest rate based on your creditworthiness.
Yes. If you have a stable job, regular income, high credit score, and low DTI ratio, you will get the lowest interest rate on Rs 3 Lakh Personal Loan from Hero FinCorp.
