Personal Loan EMI Calculator
Get a Personal Loan of up to Rs 3 Lakh instantly with a hassle-free process. Whether you need funds for medical emergencies, home renovation, or any personal expense, you can avail of this loan with a minimum income requirement of just Rs 15,000 per month. Enjoy flexible repayment options with a tenure of up to 36 months, making it easy to manage your EMIs. With interest rates starting at 19% per annum, this loan is designed to provide quick financial support with minimal documentation and fast approval. Apply now for instant funds!
Achieve your dreams effortlessly with Hero FinCorp Rs 3 Lakh Personal Loan. Whether it's for education, home renovation, or unforeseen expenses, our customisable loan option offers the financial assistance you require. Benefit from competitive interest rates, flexible repayment terms, and a straightforward application process that guarantees rapid approval. At Hero FinCorp, we understand your aspirations and are committed to provide the financial support you need. Take a significant step today and turn your dreams into reality.
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.
To get a Rs 3 Lakh loan from Hero FinCorp, you should be 21-58 years old.
At Hero FinCorp, we offer 3 Lakh loan facilities to Indian citizens only.
Minimum work experience for salaried employees is 6 months, and 2 years for self-employed.
Minimum income requirements of Rs 15,000 per month.
At Hero FinCorp, we support a 100% digital loan process with zero paperwork and no branch visits. The documentation requirements for a Personal Loan vary for salaried and self-employed individuals. Here is a brief overview of the documents required for Personal Loan:
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Last 6 Months Salary Slips, Bank Statements, and Form 16
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Last 6 Months' Bank Statements and ITR for 2 Years
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 |
Applying for a 3 Lakh Loan online at Hero FinCorp is straightforward. Here are the steps to follow:
Visit the Hero FinCorp website or install the personal loan app
Go to the personal loan page and click ‘apply now’.
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
A Personal Loan of Rs 3 Lakh can be used for various financial needs. Here are some common uses:
