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:
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Fully Digital & Paperless Process: Apply from anywhere with a 100% digital Personal Loan application process.
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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.
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Collateral-Free with Minimal Paperwork: This collateral-free loan with minimal documentation requires no pledged assets, helping you apply easily.
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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.
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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.
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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.
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Meets Basic Eligibility Criteria: With simple eligibility criteria based on age, citizenship, and minimum monthly income, this loan is accessible to most working professionals.
₹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!
Why Choose Poonawalla Fincorp
Collateral-freeLoan
QuickDisbursal
No End-use Restriction
No HiddenCharges
Competitive Interest Rate
Minimal Documentation
How to Apply for an Instant Loan Online in Just 3 Steps
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.
Submit a few essential documents:
- KYC Documents Aadhaar Card and PAN Card
Avail of an instant loan at favourable interest rates and minimal charges:
2. If Foreclosure or Prepayment is done by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes
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
- 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
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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personal loan04 Feb 2026| 5 min
Frequently Asked Questions
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.