Opt for a personal loan of ₹3 Lakhs and repay the amount over a tenure of up to 96 months
On Bajaj Markets, you can get a ₹3 Lakh loan at interest rates starting from just 9.99% p.a. Furthermore, you can repay the amount over periods of up to 96 months as per your convenience. You can choose from over 15 prominent lenders in India to find an option that best suits your needs.
The interest rates offered by lenders who provide a ₹3 Lakhs loan on Bajaj Markets are as follows:
Lenders |
Starting Interest Rate |
Bajaj Finance |
10% p.a. |
CASHe |
27% p.a. |
Federal Bank |
11% p.a. |
Fibe |
14% p.a. |
Finnable |
15.95% p.a. |
IIFL |
16.50% p.a. |
InCred |
16% p.a. |
Kissht |
14% p.a. |
Kotak Mahindra Bank |
10.99% p.a. |
KreditBee |
15% p.a. |
L&T Finance |
12% p.a. |
moneyview |
15.96% p.a. |
Muthoot Finance |
14.50% p.a. |
PaySense |
14% p.a. |
Privo |
9.99% p.a. |
SMFG India Credit |
12% p.a. |
Upwards |
18% p.a. |
YES BANK |
12.50% p.a. |
Zype |
18% p.a. |
*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
To enjoy a lower EMI for a personal loan of ₹3 Lakhs, you can opt for a longer tenure. How does the repayment period affect your monthly instalments? Let’s understand this with a simple illustration. Assume you got a loan of ₹3 Lakhs and were offered an interest rate of 9.99% p.a. Let’s check how the tenure affects your loan instalments:
Tenure |
EMI Amount |
Total Interest Payable |
Total Repayment Cost |
12 months |
₹26,373.37 |
₹16,480.45 |
₹3,16,480.45 |
24 months |
₹13,842.09 |
₹32,210.24 |
₹3,32,210.24 |
36 months |
₹9,678.75 |
₹48,434.92 |
₹3,48,434.92 |
48 months |
₹7,607.33 |
₹65,152.05 |
₹3,65,152.05 |
60 months |
₹6,372.64 |
₹82,358.24 |
₹3,82,358.24 |
72 months |
₹5,556.24 |
₹1,00,049.18 |
₹4,00,049.18 |
84 months |
₹4,978.81 |
₹1,18,219.64 |
₹4,18,219.64 |
96 months |
₹4,550.66 |
₹1,36,863.55 |
₹4,36,863.55 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
As shown in the example above, as the tenure gets longer, the EMI amount reduces. On the other hand, there is an increase in the total interest payable. This has a direct impact on your loan’s aggregate repayment costs. So, compare the loan EMI across different repayment periods before making a decision.
Here are some common criteria you should fulfil to be eligible for a personal loan of ₹3 Lakhs:
Your age should be between 18 and 68 years
You should be self-employed or salaried
You should have a stable source of income
You should have a minimum work experience of 2 to 3 years
You should ideally have a CIBIL score of 750 or more
Alongside this, keep the following documents handy for a smooth loan application process:
Income proof:
Bank statement
Salary slips
Address proof: Any one of the following
Aadhaar card
Voter ID
Passport
Utility bills
Driving licence
Identity proof: Any one of the following
Aadhaar card
Voter ID
PAN card
Driving licence
Passport
2 passport-size photographs
The eligibility and documentation requirements may vary depending on the lender you choose. Ensure to get a complete list of the criteria and documents required before applying for the loan.
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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.
You can easily apply for an instant ₹3 Lakhs personal loan on Bajaj Markets. Simply fill the online application form and submit the necessary documents online.
You can get a ₹3 Lakh loan at interest rates starting from just 9.99% p.a. on Bajaj Markets.
Yes, you can easily get an instant personal loan of ₹3 Lakhs without having to mortgage any of your property or other assets.
Yes, you can get a ₹3 Lakh loan by meeting the specified eligibility criteria and submitting the necessary documents on Bajaj Markets.
You can opt for repayment periods spanning from a few months to 8 years when applying for a personal loan of ₹3 Lakhs on Bajaj Markets.
Apply for a ₹3 lakh personal loan on Bajaj Markets and get instant approval. The amount is usually disbursed to your bank account within a few minutes.