Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

We often run into unexpected expenses and bills that are impossible to predict. These unexpected expenses can throw us off financially, particularly if you’re on a tight budget. During these stressful times, a personal loan of ₹3000 can be a huge lifesaver. 

Purpose of a ₹3000 Personal Loan

There are a number of reasons why you might need financial assistance. Here are some of the common reasons for which people take up personal loans of ₹3000: 

  • Medical Emergencies

Medical emergencies are one of the most common reasons for which people take up personal loans. Medical emergencies are extremely stressful and can make us feel quite helpless if we’re not able to seek the medical help we need due to financial constraints. During times like these, a personal loan of ₹3000 can be of tremendous help. Taking a personal loan of ₹3000 can help you pay for your medicines, diagnostic tests and procedures, hospital room expenses, etc. 

  • Unexpected Bills 

Oftentimes, we run into financial obligations that might not have been anticipated for or budgeted for. These may include administrative bills, fines, utility bills, credit card dues etc. These bills and payments can often put us in a sticky situation and be the cause of a lot of stress. By getting a personal loan of ₹3000, we can tackle these expenses without any worries. 

  • Vacation Plans

Spontaneous travel plans can be a lot of fun but can also be a source of stress if you’re not able to afford it. To help you fund your travel and vacation plans, you can get a personal loan of ₹3000. A personal loan can help you cover a number of travel-related expenses including ticket fares, hotel expenses, food expenses and activity-related expenses. 

Interest Rates for ₹3000 Personal Loan

Our Partners

Interest Rate Range

PaySense Partners

14% Onwards

Fibe

14% Onwards

CASHe

30% Onwards

KreditBee

15% Onwards

mPokket

24% Onwards

InCred

21% Onwards

Disclaimer: Kindly note that these interest rates are subject to change at the discretion of the respective providers. Ultimately, your interest rates would depend on the age, income levels, CIBIL score, etc. 

Personal Loan calculator

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Eligibility Criteria for ₹3000 Personal Loan

Generally, you’d have to meet a few basic eligibility criteria in order to qualify for a personal loan of ₹3000 . This eligibility criteria can vary for one partner to another. However, here are some basic eligibility criteria to help you get started. 

  • Nationality: Most loan providers require that their applicants are citizens of India to be eligible for a personal loan of ₹3000.  

  • Employment: Personal loan providers will require that you are engaged in a profession or a business in order to be eligible for a personal loan of ₹3000.  This includes both salaried employment in private or public organisations or self-employment. 

  • Income Levels: Broadly speaking, you would need to be earning a minimum net monthly income of ₹15,000 to be eligible for personal loans. 

  • Credit Score: You need a minimum credit score of 600 to get a personal loan. 

  • Age: Generally, people who are 21 years of age or above are eligible to apply for a personal loan of ₹3000.   

  • Work Experience: You would need to have been employed for a minimum of 2 to 3 years to be eligible for a personal loan of ₹3000. 

Documents Required for ₹3000 Personal Loan

There are a few documents that you would need to submit when you apply for a personal loan of ₹3000, this may vary from one loan provider to another. However, here are some documents that will be required by Bajaj Markets partner. 

  • Identity Proof: You can submit any of these documents as a proof of identity - Voter’s ID, PAN Card, passport, Aadhaar card and driving licence. 

  • Residential Proof: You may submit any of these documents as a residential proof - Voter’s ID, Aadhaar card, driving licence, electricity bill, passport and telephone bill.

  • Income Proof: You may submit your bank statement or salary slip for the past three months as proof of income. 

  • Photographs: Two passport size photographs will also be required to process your application. 

How to Apply for a Personal Loan of ₹3000?

Applying for a personal loan on Bajaj Markets is quick and can be done from the comfort of your home. You can get started on applying for a personal loan of ₹3000 on Bajaj Markets by following these simple steps: 

  • Step 1: Go on to the ‘Personal Loans’ page on the Bajaj Markets website’s homepage. 

  • Step 2: Tap on ‘Apply Now.’ You will now be taken to a form which you need to fill out. 

  • Step 3: You will need to fill in your basic details such as age, income, type of employment, etc. 

  • Step 4: Once you’re done with this, you will  be presented with a number of personal loan options. You may compare and contrast these options and choose a personal loan option and provider that suits you best. 

Generally, smaller personal loans are processed very quickly and require minimal documentation. Additionally, your loan amount will also be disbursed quickly.

FAQs on ₹3000 Personal Loan

  • ✔️How much credit score do I need for an instant ₹3000 loan online?

    Generally, a credit score of 600 and above is accepted when you’re applying for personal loans. If you’re new to credit, then an NTC score of above 150 will also be considered.

  • ✔️How long does it take to get an instant ₹3000 loan?

    The timeline of getting a personal loan of ₹3000 can vary depending on your credit history, income levels, the provider you choose, etc. However, generally, small ticket personal loans are processed very quickly.

  • ✔️How do I calculate monthly payments on a loan?

    You can calculate your monthly payments on your ₹3000 personal loan by using an online EMI calculator.