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

₹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

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

How to Apply for an Instant Loan Online in Just 3 Steps

Step 1 of loan application: Click 'Apply Now' Fill out the online form to start your loan application.

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Step 2 of loan application: Upload Documents Provide your KYC documents to complete the verification.

Enter Details

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

Step 3 of loan application: Get Funds Get the loan amount disbursed to your bank account.

Instant Disbursement

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

Get exclusive offers thoughtfully customised just for you

Submit a few essential documents:

  • KYC Documents Aadhaar Card and PAN Card

  • Host a grand wedding
  • Consolidate high-interest debt
  • Fund higher studies
  • Finance your purchases
  • Renovate your home
  • Fund travelling expenses
  • Salaried individuals
  • Salaried Chartered Accountants
  • Salaried doctors
  • Salaried Company Secretaries
  • 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

Frequently Asked Questions

You need a minimum annual household income of ₹3 lakh to be eligible for a ₹3 lakh personal loan.

A low CIBIL score reduces your chances of approval. Lenders prefer applicants with a strong credit history for faster approval and better interest rates.

EMI is calculated using the formula:
EMI=(P⋅r⋅(1+r)^n)/(1+r)^n-1┤ 
where P = loan amount, r = monthly interest rate, and n = tenure in months. You can also use the lender’s EMI calculator for quick estimates. You can also use our online EMI calculator to determine your EMIs efficiently.

At an interest rate of 16% p.a. for 36 months, the EMI is approximately ₹10,537 per month.

You can get same-day disbursal by applying online, submitting required documents digitally, and meeting the eligibility criteria.

Poonawalla Fincorp offers tenures of 12–36 months only. A 5-year (60-month) tenure is not available under this scheme.

Processing fees are up to 5% of the loan amount plus applicable taxes. For ₹3 lakh, this could be around ₹15,000 + GST.

Approval depends on:

  • Credit score and repayment history
  • Income stability and debt-to-income ratio
  • Age (24–55 years)
  • Valid KYC documents

For a ₹3 lakh loan at 16% p.a. for 36 months, the total repayment is approximately ₹3.79 lakh (₹3 lakh principal + ~₹79,000 interest).