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How to Get a Personal Loan of 3 Lakh on Aadhaar Card?
Hero FinCorp, a reliable non-banking financial company (NBFC), offers a hassle-free experience. Our robust online platform lets you quickly apply for a loan with minimal documentation, using your Aadhaar card as an essential identification.
The eligibility criteria are reasonable, and the minimal paperwork ensures a convenient process for individuals seeking swift financial assistance.
Hero FinCorp guarantees a fast approval procedure, with the loan amount disbursed directly to your bank account. It's the solution for those unforeseen financial needs, all through the simplicity of your Aadhaar card.Benefits of 3 Lakh Loan on an Aadhaar Card
With a 3 Lakh loan on your Aadhaar card from Hero FinCorp, you can manage your finances flexibly and conveniently. Here's more:
- Flexible Loan Amount: A 3 Lakh loan allows you to address various financial needs, including higher education, medical emergencies, international travel, etc., effectively.
- Collateral-Free Loans: Hero FinCorp offers unsecured loans, eliminating the need for collateral to secure the loan.
- Attractive Interest Rates: Enjoy competitive interest rates, starting at 19%, making repayment more budget-friendly.
- Flexible Repayment Term: Hero FinCorp offers flexible tenure options, 12-36 months, allowing you to choose one that suits your financial situation.
- 24-Hour Disbursal: Quick loan disbursal within 24 hours provides immediate access to your 3 Lakh loan amount.
Also, Read: How to Get a Personal Loan of 4 Lakh on Aadhaar Card?
Eligibility Criteria for 3 Lakh Loan on Aadhaar Card
- Citizenship & Age: Indian citizenship and an age range of 21 to 58 years.
- Occupation: Available for both salaried and self-employed individuals.
- Work Experience: Salaried individuals need at least six months of employment, while self-employed individuals require a minimum of two years of business experience.
- Maximum Loan Tenure: Enjoy a flexible repayment tenure of up to 36 months.
- Maximum Loan Amount: Apply for a loan of up to Rs 3 lakh or more.
- Monthly Income: Maintain a minimum monthly income of Rs 15,000 to meet the eligibility criteria.
Interest Rates and Other Charges of 3 Lakh Loan on Aadhaar Card
It's essential to grasp the interest rates and associated charges when considering an instant 3 Lakh loan on an Aadhaar Card. Let's delve into these financial aspects:
| Fees & Charges | Chargeable Amount |
Interest Rate | Minimum 19% |
Processing Fee | 2.5% to 3.5% |
Part-payment charges | NA |
Foreclosure Charges | 5% + GST |
EMI Bounce Charges | Rs 350/- |
Personal Loan EMI of 3 lakh: Tenure 1-5 Years
A 3 Lakh Personal Loan comes with diverse tenure options ranging from 1 to 5 years. To calculate the monthly EMI for this 3 Lakh loan at an 11% Personal Loan interest rate, explore the details below:
| Loan Amount (Rs.) | Tenure (Years) | Interest Rate (%) | Monthly EMI (Rs.) |
3,00,000 | 1 | 11% | 26,514 |
3,00,000 | 2 | 11% | 13,982 |
3,00,000 | 3 | 11% | 9,822 |
3,00,000 | 4 | 11% | 7,754 |
3,00,000 | 5 | 11% | 6,523 |
Note: This is an estimated amount, the actual EMI may vary.
How to Apply for 3 Lakh Loan on Aadhaar Card?
If you require an instant 3 Lakh loan using an Aadhaar Card, Hero FinCorp has streamlined the application process:
- Download the Hero FinCorp Personal Loan App or visit their official website.
- Create an Account or Log In: Register for a new account or log in if you're an existing user.
- Loan Application: Enter your personal and financial information, specifying the loan amount and preferred tenure.
- Document Upload: Upload the necessary documents digitally.
- Submit Your Application: Once you've completed everything, submit your loan application.
- Approval Process: Hero FinCorp will meticulously review your application.
- Loan Disbursal: Once you accept the loan offer, the loan amount will be disbursed to your account.
The Hero FinCorp Personal Loan App offers a hassle-free and speedy application process for your 3 Lakh Aadhaar card loan.
Also, Read: How To Get A Personal Loan of Rs 2 Lakh On Aadhaar Card?
Conclusion
Borrowing an instant 3 Lakh loan on your Aadhaar card through Hero FinCorp is quick and easy. Apply online with basic personal information and minimal documentation for fast approvals and instant disbursals. So, what are you waiting for? Secure a 3 Lakh loan on your Aadhaar card today and take control of your financial future.
Frequently Asked Questions
1. What is a 3 Lakh loan on an Aadhaar card?
A 3 Lakh loan on an Aadhaar card is a Personal Loan that allows you to borrow money based on your Aadhaar card and meeting specific eligibility criteria.
2. How long does it take to get approval for a 3 Lakh Aadhaar card loan?
Hero FinCorp approves a 3 Lakh Aadhaar card loan within 24 hours, subject to document verification and meeting eligibility requirements.
3. Are 3 Lakh Aadhaar card loans secure and reliable?
Yes, 3 Lakh Aadhaar card loans from lenders like Hero FinCorp are secure and reliable, providing a trusted financial solution.
4. Can I get more than one 3 Lakh loan on an Aadhaar card?
The possibility of obtaining multiple 3 Lakh Aadhaar card loans depends on your creditworthiness and the lending institution's policies. However, it's crucial to manage your loans responsibly.
5. What happens if I default on a 3 Lakh Aadhaar card loan?
Defaulting on a 3 Lakh Aadhaar card loan can negatively impact your credit score and may lead to legal actions by the lender. To avoid such consequences, it's advisable to repay loans on time.
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