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You can fulfil your ambitions effortlessly with ₹30 Lakh personal loan. The loan available on Bajaj Markets is easily accessible and comes with a completely digital application process. The approved amount is quickly disbursed to your bank account and can be repaid over tenures of up to 96 months, as per your convenience.

Interest Rate for ₹30 Lakh Personal Loan

Here are some leading providers that offer ₹30 Lakh personal loan at low interest rates on Bajaj Markets:

Lenders

Starting Interest Rate

Kotak Mahindra Bank

10.99% p.a.

Bajaj Finance

10% p.a.

YES BANK

12.50% p.a.

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion. 

Calculate the EMI for a Personal Loan of ₹30 Lakhs

Loan Amount
Tenure
Months
Rate of Interest
Personal Loan
Your Monthly Personal Loan EMI
Principle Amount
Total Interest
Total Amount Payable
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year EMI Principal Interest Balance

₹30 Lakh Personal Loan EMI Over Varying Tenures

The EMI of your personal loan of ₹30 Lakhs is usually affected by the interest rate levied by the lender and the tenure you choose. While you do not have much power over the former, it is important to choose the repayment tenure wisely. Here is a simple example to help you understand the impact of the tenure on your monthly instalments. 

Let’s assume that you got ₹30 Lakh loan at 10.99% p.a. The table provided below shows how a change in tenure will affect the EMI amount:

Tenure

EMI Amount

Total Interest Payable

Total Repayment Cost

12 months

₹2,65,130.98

₹1,81,571.79

₹31,81,571.79

24 months

₹1,39,809.59

₹3,55,430.08

₹33,55,430.08

36 months

₹98,201.95

₹5,35,270.02

₹35,35,270.02

48 months

₹77,522.00

₹7,21,055.99

₹37,21,055.99

60 months

₹65,212.31

₹9,12,738.54

₹39,12,738.54

72 months

₹57,086.87

₹11,10,254.82

₹41,10,254.82

84 months

₹51,351.54

₹13,13,529.10

₹43,13,529.10

96 months

₹47,109.10

₹15,22,473.37

₹45,22,473.37

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

Ensure to compare the EMI amount across various tenures to find a repayment plan that fits your budget. Use an EMI calculator to try different combinations of loan terms and get the results within seconds. 

Eligibility Criteria & Documents Required for ₹30 Lakh Personal Loan

Checking your eligibility before applying for any credit can help you ensure that the application process is smooth. It further increases the chances of your loan application being approved. Although the criteria may vary from lender to lender, here is a list of some basic requirements you are usually asked to fulfil:

  • Your age must be between 18-68 years 

  • You must have a good CIBIL score, generally 750 and above

  • You must have a stable source of income

  • You must be either salaried or self-employed

  • You must have a minimum work experience of 2 to 3 years

Furthermore, having all the requested documents handy can speed up the process. Provided below is a list of some common documents you are required to furnish at the time of application.

  • 2 passport-size photographs

  • Income proof:

    • Salary slips 

    • Bank statement

  • ID proof: Any one of the following

    • Driving licence

    • Aadhaar card

    • PAN card

    • Voter ID

    • Passport

  • Address proof: Any one of the following

    • Aadhaar card

    • Utility bills

    • Voter ID

    • Passport

    • Driving licence

Disclaimer

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.

Frequently Asked Questions

How can I get a ₹30 Lakh personal loan?

On Bajaj Markets, get a ₹30 Lakh personal loan through a simple online application process:

  • Select the ‘Check Offer’ option provided on this page

  • Enter your basic details like name, phone number, employment type, etc.

  • Next, choose your preferred lender from the list provided

  • Now, enter the loan amount and tenure you want

  • Submit your application

After this, a representative of the chosen lender will reach out to you for further proceedings.

Can I get a ₹30 Lakh personal loan?

Yes, you can get a personal loan of ₹30 Lakhs if you meet the eligibility criteria set by the lender.

How can I get a ₹30 Lakhs Loan from my bank?

To get a ₹30 lakh loan from any lender, you will have to check your eligibility as per the requirements set by lender. You can even contact your lender’s customer service and talk to a representative to learn how to apply for a personal loan.

What is the EMI for a ₹30 Lakh loan?

The ₹30 Lakh personal loan EMI will depend on the interest rate levied by the lender and your repayment tenure. To get an estimate of the EMI for ₹30 Lakh personal loan, the personal loan EMI calculator may be useful. Simply enter the required details and check the EMI amount along with the probable repayment schedule.

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