Apply for a Rs 3 Lakh loan from Hero FinCorp without collateral. Get instant approval with competitive interest rates and flexible repayment tenures.
Calculate Personal Loan EMI
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!
You can achieve your dreams easily with Hero FinCorp Rs 3 Lakh Personal 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.
While looking for a 3 Lakh Personal Loan, you can choose a repayment loan tenure of up to 36 months (three years). The 3 Lakh Personal Loan EMI will majorly depend on your tenure. To choose a suitable EMI for Rs 3 Lakh Personal Loan, an EMI Calculator can be an ideal solution.
The personal loan emi calculator can calculate the EMI amount for various loan terms and help you select the best tenure with budget-friendly EMIs. 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 Months) | Interest Rate (per annum) | Monthly EMI | Total Interest | Total Amount Payable |
|---|---|---|---|---|---|
| Rs 3,00,000 | 12 | 19% | Rs 27,647 | Rs 31,764 | Rs 3,31,764 |
| Rs 3,00,000 | 18 | 19% | Rs 19,285 | Rs 47,130 | Rs 3,47,130 |
| Rs 3,00,000 | 24 | 19% | Rs 15,123 | Rs 62,952 | Rs 3,62,952 |
| Rs 3,00,000 | 30 | 19% | Rs 12,640 | Rs 79,200 | Rs 3,79,200 |
| Rs 3,00,000 | 36 | 19% | Rs 10,997 | Rs 95,892 | Rs 3,95,892 |
Disclaimer: The EMI calculations provided are approximations, and actual figures may differ.
For a 3 Lakh loan, the EMI calculator will calculate the EMIs based on the repayment tenure you choose and the interest on 3 Lakh loan. Per month instalment has a portion of the principal and applicable interest rate. Shorter loan tenure means bigger EMIs but less overall interest payable, while longer loan tenure means smaller EMIs but more overall interest payment. So, make your decision accordingly.
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:
A Rs 3 Lakh instant loan covers urgent expenses like medical, wedding, education, travel, or home renovation.
Hero FinCorp offers competitive rates, ensuring affordable EMIs on a Rs 3 Lakh loan based on eligibility.
Hero FinCorp offers 100% collateral-free Personal Loans based on income, DTI ratio, credit score, and history.
Choose a flexible repayment tenure of up to 36 months for your Rs 3 Lakh Personal Loan EMI.
After loan application, Rs 3 Lakh is approved instantly and disbursed quickly.
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 Rs 3 Lakh loan from Hero FinCorp, you should be 21-58 years old. |
| Citizenship | At Hero FinCorp, we offer 3 Lakh 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. |
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.
Hero FinCorp provides Rs 3 Lakh loans 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 |
To apply for the loan online at Hero FinCorp is easy and simple. Here are the steps to follow to get Rs 3 Lakh personal loan online instantly:
Visit the Hero FinCorp website or download the personal loan app.
Go to the instant personal loan section and click ‘apply now’.
Enter your mobile number. Register yourself by submitting the OTP received.
Select the desired loan amount.
Complete your KYC verification. Check the income eligibility.
Click ‘Submit’ to finish your application.
A Personal Loan of Rs 3 Lakh can be used for various financial needs. Here are some common uses:
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*EMI Payment: Refer to our T&Cs here*
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