Interest Rate
Starting at 16%* p.a.
Loan Tenure
12-36 Months
Hidden Charges
Zero

Apply for ₹3 Lakh Instant Personal Loan Online

Secure quick financial stability with a ₹3 Lakh Instant Loan from Poonawalla Fincorp. Enjoy a seamless application process, instant loan approval and disbursal of funds, and more. Renovate your home, deal with a medical emergency, fund higher studies, or cover any urgent financial needs without a hassle.

Enjoy a seamless borrowing experience with our competitive interest rates, flexible repayment options, and streamlined documentation requirements. Apply now!

Features and Benefits of Personal Loans for ₹3 Lakhs

A ₹3 Lakh Personal Loan from Poonawalla Fincorp offers the right blend of financial support, flexibility, and convenience, ideal for both urgent needs and long-term goals. Whether you're planning a big purchase or need quick help with expenses, this loan option caters to various personal financing requirements. Here's what makes it stand out:

  • Fully Digital & Paperless Process: Apply from anywhere with a 100% digital Personal Loan application process.

  • Instant Approval & Same-Day Disbursal: Enjoy instant approval with fast online verification. The loan amount is disbursed on the same day, making it a reliable Instant Personal Loan solution.

  • Collateral-Free with Minimal Paperwork: This collateral-free loan with minimal documentation requires no pledged assets, helping you apply easily.

  • Flexible Loan Tenure & Foreclosure Benefits: A flexible tenure lets you choose repayment terms between 12 and 36 months based on your monthly EMI preference. You also benefit from zero foreclosure charges when prepaying from your funds.

  • Competitive Interest Rates & Transparent Charges: Get attractive interest rates starting at 16%* p.a. with no hidden charges. Know exactly what you're paying with our clear and competitive structure.

  • Freedom of End Use: Whether it’s higher education, travel, or home renovation, you have full control over how you use your ₹3 Lakh Personal Loan.

  • Meets Basic Eligibility Criteria: With simple eligibility criteria based on age, citizenship, and minimum monthly income, this loan is accessible to most working professionals.

Why Choose Poonawalla Fincorp

collateral icon Collateral-free
Loan
Quick icon Quick
Disbursal
Use Icon No End-use
Restriction
Zero icon No Hidden
Charges
Interest Rate Icon Competitive
Interest Rate
Document Icon Minimal
Documentation

₹3 Lakh Instant Loan EMI Calculator

Calculate the monthly EMIs for your ₹3 Lakh loan with our EMI calculator. Enter the loan amount, interest rate, and tenure. Try it now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
16%
36%

Tenure

Months
12 Months
36 Months

Apply for an Instant Loan Online

Step 1 icon

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Step 2 icon

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step 3 icon

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

₹3 Lakh Personal Loan Eligibility Criteria

Meet our simple eligibility criteria for an Instant Loan:

  • Age: Between 24 and 55 years.
  • Citizenship: Indian.
  • Employment: Salaried and Self Employed, Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp.
  • Annual Income of Household: Minimum ₹3 Lakh per year.

Documents Required To Apply For ₹3 Lakh Loan

Submit a few essential documents:

  • KYC Documents Aadhaar Card and PAN Card

Interest Rates and Charges for a ₹3 Lakh Instant Loan

Avail of an instant loan at favourable interest rates and minimal charges:

Interest Rate
16%* p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Processing Fees
Up to 4.5% plus applicable charges
Lowest EMI Per Month
₹1,962 for 36 months
Loan Tenure
12 to 36 months
Foreclosure/Pre-Payment Charges
0% if paid from own sources
4% If paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Ways to Utilize Loan Amount of ₹3 Lakh

  • Host a grand wedding
  • Consolidate high-interest debt
  • Fund higher studies
  • Finance your purchases
  • Renovate your home
  • Fund travelling expenses

Who Can Get a ₹3 Lakh Loan Online

  • Salaried individuals
  • Salaried Chartered Accountants
  • Salaried doctors
  • Salaried Company Secretaries

Tips for a Successful Loan Application

  • Have a strong CIBIL score
  • Review and improve credit report
  • Manage debt-to-income ratio
  • Keep documents ready in advance

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What will be my ₹3 Lakh Instant Loan EMI?

The Personal Loan EMIs you pay will vary based on factors such as your credit score, chosen repayment tenure, and income. You can use our EMI calculator to estimate the EMI for an Instant Loan. Just remember that opting for a longer tenure can reduce your monthly EMI, while a strong credit profile may fetch better rates.

Who is eligible for a ₹3 Lakh Instant Loan?

The applicants who meet the eligibility criteria and comply with the credit policies of Poonawalla Fincorp are eligible for a ₹3 Lakh Instant Loan. This typically includes individuals within the required age group, with a stable income and valid KYC documents.

What is the interest rate levied on a ₹3 Lakh Instant loan?

The interest rates for a ₹3 Lakh instant Personal Loan start at 16%* p.a. The final rate offered may vary based on your credit profile, repayment capacity, and other internal assessments.

How to get ₹3 Lakh Loan without salary slip instantly?

If you don’t have a salary slip, you can still apply by submitting alternative income proofs such as bank statements, ITRs, or Form 16. Poonawalla Fincorp assesses overall creditworthiness, so a good credit score and valid documentation can help you get quick approval even without salary slips.

Which documents are required when filling a ₹3 Lakh Personal Loan application form?

Photo ID and address proof are required as part of the application. You may also need to submit income proof such as salary slips, bank statements, or ITRs, depending on your employment type and eligibility.

How can I check my eligibility for a ₹3 Lakh Personal Loan?

To check your eligibility, you can look for the criteria mentioned on your lender's website. You can also make use of a Personal Loan Eligibility Calculator.

What is the repayment tenure for ₹3 Lakh Personal Loan?

The repayment tenure for ₹3 Lakh Personal Loan ranges from 12 to 36 months, though this could depend on the lender. Keep in mind that you can choose a tenure that best suits your financial comfort and repayment capacity.

How quickly can I expect approval for ₹3 Lakh Personal Loan?

The funds from a Personal Loan can be credited to the borrower's account, often within hours of approval. With Poonawalla Fincorp’s fully digital process and instant verification, eligible applicants can receive same-day disbursal in most cases.

Is collateral required for ₹3 Lakh personal Loan?

Collateral is not required for ₹3 Lakh Personal Loan. It is an unsecured loan, which means you don’t need to pledge any asset to avail of the funds. Instead, approval is based on your creditworthiness, income, and documentation.

Can I get a ₹3 Lakh loan without income proof?

Getting a ₹3 Lakh loan without income proof is challenging, as lenders typically need to verify repayment ability. However, online platforms often require minimal documentation, and alternatives like bank statements or Form 16 may be accepted.

Can I get a ₹3 Lakh loan without documents?

Getting a ₹3 Lakh loan without any documents is not possible, as basic KYC and income proof are mandatory. That said, many lenders offer a simplified process with only essential documents required for approval.