Instant ₹3000 Personal Loan

A personal loan of ₹3,000 offered by multiple lenders in India can help you bridge the gap in your finances and meet specific requirements. You can get the loan at low interest rates starting from 15% p.a. on Bajaj Markets for short tenures ranging from a few months to 2 years. Furthermore, the rapid approval and minimal documentation make the personal loan a preferred option.

Here are lenders that offer personal loans of ₹3,000 on Bajaj Markets:

*Disclaimer: The rates mentioned are subject to change at the lender’s discretion. Check with your lender before making any financial decision.

The EMI for a personal loan of ₹3,000 is calculated based on the loan amount, interest rate, and tenure. In this case, the amount is set at ₹3,000. The interest rate is fixed by the lender, however, you can try to negotiate for a lower rate. As an example, let’s assume that you were offered an interest rate of 15% p.a. by your chosen lender. The following table provides an overview of how a change in tenure affects your loan’s monthly instalments:

*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.

As the loan term increases the EMI reduces. Meanwhile, the interest charges surge as the tenure increases. Thus, the total repayment cost rises with an increase in the loan tenure. So, it is important to choose a loan tenure that best suits your financial situation.

Here are some common criteria you need to fulfil to be eligible for a personal loan of ₹3,000:

• You must have an Indian citizenship 

• You should be either salaried or self-employed

• You must have a stable source of income

• You should have a CIBIL score of 600 or more 

• Your age must be over 21 years 

These requirements may vary depending on the lender you choose. Ensure to check the criteria set by your lender prior to applying. Also, ensure to keep the following documents handy:

• Identity proof: Any one of the following

  • Voter ID

  • Driving licence

  • PAN card

  • Aadhaar card

  • Passport

• Address proof: Any one of the following

  • Voter ID

  • Aadhaar card

  • Driving licence

  • Passport

  • Telephone or electricity bill
    

• Income proof: Any one of the following

  • Bank statement of the last 3 months 

  • Salary slips of the last 3 months
    

• 2 passport-size photographs

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.