High Loan Amount
A Rs 3 Lakh instant loan covers urgent expenses like medical, wedding, education, travel, or home renovation.
Rs 3 Lakh Personal Loan
Apply for a Rs 3 Lakh loan from Hero FinCorp without collateral. Get instant approval with competitive interest rates and flexible repayment tenures.
Instant Approval in 10 Minutes
Tenure up to 36 months
Minimum Income Required Rs 15K
Calculate Personal Loan EMI
Get a Rs 3 Lakh Personal Loan Instantly
A Personal Loan of Rs 3 Lakh is an unsecured funding option to help you manage urgent financial needs. It can be a medical emergency, home repair, higher education expenses or any personal requirement. To get an instant loan, you can apply online with Hero FinCorp from the comfort of your home. You can get a Rs 3 Lakh loan with better interest rates if you meet the eligibility criteria. A flexible tenure of up to 36 months makes repaying loan EMIs easier. With no collateral requirement, you can apply online and get approval within 10 minutes!
Why Choose Hero FinCorp Personal Loan of Rs 3 Lakh?
You can achieve your dreams easily with Hero FinCorp Rs 3 lakh loan. Here are the reasons to choose Hero FinCorp for personal loan with fast approval:
1. Multiple Uses: It is best for education, home renovation, weddings, or unexpected expenses.
2. Competitive Interest Rates: Borrow at starting 1.58% per month interest rates that suit your budget.
3. Flexible Repayment: Pick the repayment terms that work best for you.
4. Quick Approval in 10 Minutes: Fast and hassle-free loan sanctioning.
5. 100% Digital Process: Easy application with paperless documentation.
Rs 3 Lakh Personal Loan - EMI Options for 1 Year to 3 Years Tenure
While looking for a 3 lakh Personal Loan EMI, you can choose a repayment loan tenure of up to 36 months (three years). For instance, if you borrow an instant loan of 3 Lakh at an interest rate of 19%, your EMIs for different loan terms would be as follows:
| Loan Amount | Tenure (In Year) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 3,00,000 | 1 Year | 19% | Rs 27,647 | Rs 31,764 | Rs 3,31,764 |
| Rs 3,00,000 | 1.5 Year | 19% | Rs 19,285 | Rs 47,130 | Rs 3,47,130 |
| Rs 3,00,000 | 2 Year | 19% | Rs 15,123 | Rs 62,952 | Rs 3,62,952 |
| Rs 3,00,000 | 2.5 Year | 19% | Rs 12,640 | Rs 79,200 | Rs 3,79,200 |
| Rs 3,00,000 | 3 Year | 19% | Rs 10,997 | Rs 95,892 | Rs 3,95,892 |
Disclaimer: The EMI calculations provided are approximations, and actual figures may differ.
Features and Benefits of a Personal Loan of Rs 3 Lakh
At Hero FinCorp, you can apply for a Personal Loan of up to 3 Lakh and repay it in easy EMIs spread across a maximum tenure of 36 months. Here are some features and benefits you must know:
Attractive Interest Rate
Hero FinCorp offers competitive rates, affordable 3 lakhs personal loan EMI based on eligibility.
Collateral-Free
Hero FinCorp offers 100% collateral-free Personal Loans based on income, DTI ratio, credit score, and history.
Flexible Repayment Tenure
Hero FinCorp offers competitive rates, affordable Rs 3 lakh instant loan EMI based on eligibility.
Instant Approval
After loan application, Rs 3 Lakh is approved instantly and disbursed quickly.
Eligibility Criteria for a Personal Loan of Rs 3 Lakh
At Hero FinCorp, we have simple personal loan eligibility criteria that anyone can fulfill to qualify for a Rs 3 Lakh loan with a 3 year tenure. However, check these conditions before applying to ensure you meet the requirements and avoid rejection.
| Criteria | Requirement |
|---|---|
| Age | To get a loan up to Rs 3 lakh from Hero FinCorp, you should be 21-58 years old. |
| Citizenship | At Hero FinCorp, we offer 3 lakh instant loan facilities to Indian citizens only. |
| Work Experience | Minimum work experience for salaried employees is 6 months, and 2 years for self-employed. |
| Monthly Income | Minimum income requirements of Rs 15,000 per month. |
Documents Required for a Personal Loan of Rs 3 Lakh
We support a 100% digital loan process with zero paperwork and no branch visits at Hero FinCorp. Simply handy the following documents for instant verification.
- Pan Card
- Aadhar Card
Personal Loan Interest Rates & Charges for Rs 3 Lakh Loan
Hero FinCorp provides Rs 3 lakh personal loan with the best personal loan interest rates. Our interest rates are highly competitive. However, before applying, you should be aware of other fees and charges to determine the total cost of your loan. Here is an overview.
| Charge Type | Details |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Starting from 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Our online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply for a Personal Loan of Rs 3 Lakh?
To apply for a loan online at Hero FinCorp is easy and simple. Here are the steps on how to get Rs 3 lakh loan online instantly:
- 01
Visit the Hero FinCorp website or download the personal loan app.
- 02
Go to the instant personal loan section and click ‘apply now’.
- 03
Enter your mobile number. Register yourself by submitting the OTP received.
- 04
Select the desired loan amount.
- 05
Complete your KYC verification. Check the income eligibility.
- 06
Click ‘Submit’ to finish your application.
Uses of Personal Loan up to Rs 3 Lakh
A Personal Loan up to Rs 3 lakh can be used for various financial needs. Here are some common uses:
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Frequently Asked Questions
You can get approval for a Personal Loan of Rs 3 Lakh in 10 minutes if you apply online on the Hero FinCorp website or loan app. Once approved, the loan will be disbursed to your bank account in no time.
You may get approved for Rs 3 lakh loan in just 10 minutes when you apply online through the Hero FinCorp loan website or mobile app and fulfil the loan eligibility requirements.
The Hero FinCorp app provides instant Personal Loans of Rs 3 Lakh, which you may repay in equated monthly instalments in a repayment tenure of 12 to 36 months.
Rupees 15,000 per month is the minimum income you need to apply for a Personal Loan with Hero FinCorp. The income requirement is the same for self-employed applicants.
Yes, you can obtain a Personal Loan even without a salary slip since the lenders also consider bank statements, Form 16 or ITRs as proof of income.
Yes, you can get a Personal Loan without submitting any physical documents. At Hero FinCorp, you do not need to provide any documents. Just provide your KYC details like Aadhaar and PAN number and proof of income.
A CIBIL score plays an important role in loan application, but you can get a Personal Loan if you have a stable job, fixed income, low debt-to-income (DTI) ratio, and considerable work experience.
Yes, it is possible to get a loan with a low CIBIL score. Some lenders may approve your loan with a high interest rate or may offer stringent terms and/or ask for additional documents or guarantor.
Yes, if you have a good credit rating and meet the eligibility requirements of the lender, you can easily get a low interest rate on a Rs 3 Lakh Personal Loan.
You may not receive a Rs 3 Lakh Personal Loan without interest because there is a cost of borrowing in every loan. You can definitely obtain the lowest interest rate, if you qualify for a loan.
If Rs 3 Lakh is taken at 19% per annum interest for 3 years, the EMI would be about Rs 10,997. You can also calculate your instalments online instantly using an EMI calculator.
The monthly EMIs for a Rs 3 Lakh loan will depend on your interest rate as well as your repayment term. You can make use of a Personal Loan EMI Calculator online.
Disclaimer
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.