Get an Instant Personal Loan of ₹3 Lakh with Quick Approval
Get a ₹3 Lakh Instant Personal Loan from Poonawalla Fincorp to fulfil your diverse needs. You can use the loan for numerous purposes, such as travelling, funding higher education, covering emergency medical expenses, home renovation, etc. You can fulfil all your financial requirements and enjoy benefits such as competitive interest rates, flexible EMIs, and fast approvals. Besides that, our online application process is quick and straightforward, providing you with the required financial assistance with a hassle-free experience. Apply now!
₹3 Lakh Instant Personal Loan EMI Calculator
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EMI Amount = *
₹3 Lakh Instant Personal Loan Interest Rates and Charges
The table below shows the interest rates and charges of a ₹3 Lakh Instant Loan from Poonawalla Fincorp:
| Instant Personal Loan Interest Rates | 16%* p.a. onwards |
| Instant Loan Amount | ₹50,000 to ₹5 Lakh |
| Instant Loan Processing Fees | 2.5% to 3.5% plus applicable charges |
| Lowest Instant Loan EMI | ₹1,962 for 36 months |
| Instant Loan Tenure | 1 to 36 months |
| Foreclosure/Pre-Payment Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
₹3 Lakh Instant Personal Loan EMI for up to 3 Years
You can calculate your Loan EMIs using our free Instant Loan EMI calculator. EMI (Equated Monthly Installment) is the term used for the monthly payments that you need to make to repay your Instant Loan. You can choose your loan tenure at your convenience. Ensure that you choose a tenure which will make your borrowing journey easier.
You can take ₹3 Lakh Instant Loan for 3 years from Poonawalla Fincorp. The table below shows ₹3 Lakh Instant Loan EMIs for 1, 2, and 3 years with an interest rate of 16%*p.a.
| Tenure | Approximate EMI at 16% Interest Rate |
| 1 year | ₹27,219/month |
| 2 years | ₹14,689/month |
| 3 years | ₹10,547/month |
Eligibility Criteria to Get an Instant Personal Loan of ₹3 Lakh
Fulfil the eligibility criteria mentioned below for an Instant Loan from Poonawalla Fincorp:
Age
Citizenship
Annual Household Income
- Age - The applicant’s age must be between 25 years and 55 years.
- Citizenship - The applicant should be a citizen of India.
- Annual Household Income - Minimum Household annual income (declared) should be ₹3Lakhs.
Documents Required for ₹3 Lakh Instant Personal Loan
You can get an Instant Loan from Poonawalla Fincorp through an online loan application process. You need to submit the required documents online. Here is the list of documents required for instant loan approval.
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Identity Proof
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Address Proof
- Identity Proof: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
- Address Proof: Passport, utility bills and rent agreement. Etc.
Features and Benefits of ₹3 Lakh Instant Personal Loan
Some of the key features and benefits of our Instant Loan include:
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No collateral/security
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Minimal documentation
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No foreclosure charges
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Flexible repayment tenure
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High loan amount
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Quick approvals
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Hassle-free loan processing
- No-Collateral Loans: You don’t have to pledge your valuable assets to secure an Instant Loan from Poonawalla Fincorp.
- Minimal Documentation: For an Instant Loan, you just need to provide your KYC documents and current address proof.
- No Foreclosure Charges: There are zero foreclosure charges on your loan prepayment, if paid from your own sources.
- Flexible Repayment Tenure: With a tenure of up to 36 months, manage monthly repayment easily. Use the loan EMI calculator to decide repayment tenure.
- High Loan Amount: Secure a loan of up to ₹5 Lakh with Poonawalla Fincorp’s Instant Loan.
- Quick Approvals: We offer loans with quick approvals to provide you with the required funds on time.
- Competitive Interest Rates: Instant Loan comes with competitive interest rates, making the monthly payments affordable for you.
- Hassle-free Processing: Secure an Instant Loan with an easy and hassle-free online application process.
How to Apply for ₹3 Lakh Instant Personal Loan
You can apply for a ₹3 Lakh Instant Loan online by following these simple steps.
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan will be transferred to your bank account.
Apply for ₹3 Lakh Instant Personal Loan within 5 Minutes
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Online
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Click on ‘Apply Now’ and complete the application form
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Personal Details
Enter your DOB, qualification, and residential details
Verification
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Submit and upload all details for verification and assessment
Frequently Asked Questions
The monthly EMIs for your ₹3 Lakh Instant Loan for 3 years will be ₹10,547* at 16%* interest rate p.a.
Yes, you can get a ₹3 Lakh Instant Loan from Poonawalla Fincorp if you fulfil the required eligibility criteria mentioned above.
You can apply for Poonawalla Fincorp’s Instant Loan online by simply following these steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan will be transferred to your bank account.
Our interest rates on Instant Loans start at just 16%* p.a.
*T&C Apply
