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BAJAJ FINSERV DIRECT LIMITED

Avail Instant Personal Loans ✓ Loan up to 55 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

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Personal Loan for 3 Years

Get details on 3-year personal loans, including interest rates, eligibility, required documents, and benefits.

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A personal loan with a 3-year tenure strikes a balance between affordability and repayment flexibility. It provides sufficient time to manage your repayments while keeping EMIs manageable.

Whether for planned expenses, such as higher education, or unexpected medical emergencies, a 3-year personal loan is a reliable short-term financial solution.

EMI Calculator for 3-Year Personal Loan

Your Personal Loan EMI

₹ 2,124

Total Interest Amount

₹ 27,453

Principal Amount

₹ 1,00,000

Total Payable Amount

₹ 1,27,453

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

An EMI calculator for a 3-year personal loan allows you to estimate your monthly instalments. By entering the loan amount, applicable interest rate, and tenure, you can quickly check:

Monthly EMI
Total interest payable
Overall repayment amount

This helps you plan your finances more effectively, evaluate affordability, and ensure that the repayment schedule suits your budget.

Personal Loan Details for 3-Year Tenure

On Bajaj Markets, you can get attractive interest rates and high loan amounts for a 3-year tenure. Check out the details below:

Particulars	Details
Minimum Loan Amount	₹1,000
Maximum Loan Amount	₹55 Lakhs
Starting Interest Rate	9.99% p.a.
Number of Partners Available	19

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

Key Features and Benefits of a 3-Year Personal Loan

High Loan Amount

Get a collateral-free personal loan of up to ₹55 Lakhs on Bajaj Markets. It can help you manage large expenses without disrupting your regular budget.

Lower Interest Costs

A shorter repayment tenure leads to reduced overall interest payments compared to longer-term borrowing, helping you save on total loan costs.

Quick Access to Funds

Short-term loans may be approved and disbursed swiftly, allowing you to access funds promptly for immediate financial needs such as healthcare, education, or wedding expenses.

Easy Online Application Process

Bajaj Markets offers a hassle-free online application with minimal documentation and quick approval, making it convenient to access credit when needed.

Interest Rates and Charges of Lenders Offering Personal Loans for 3-Year

Compare interest rates, loan amounts, tenures, and processing fees from lenders offering 3-year personal loans on Bajaj Markets:

Available Offerings	Max. Loan Amount	Min. Interest Rate	Max. Tenure	Processing Fee
Privo (Credit Saison) Personal Loan	₹5 Lakhs	9.99% p.a.	60 months	1% to 3% of the loan amount + GST
Bajaj Finance Personal Loan	₹55 Lakhs	10% p.a.	96 months	Up to 3.93% of the loan amount (Inclusive of applicable taxes)
Kotak Mahindra Bank Personal Loan	₹40 Lakhs	10.99% p.a.	72 months	Up to 1.10% - 1.50% of the loan amount + GST
KreditBee Personal Loan	₹10 Lakhs	12% p.a.	60 months	Up to 5.1% + GST
L&T Finance Personal Loan	₹15 Lakhs	12% p.a.	48 months	Up to 3% of the loan amount + GST
SMFG India Credit Personal Loan	₹25 Lakhs	12% p.a.	60 months	0% to 6% of the loan amount
Freo (formerly MoneyTap) Personal Loan	₹5 Lakhs	12% p.a.	36 months	1% Onwards
YES BANK Personal Loan	₹50 Lakhs	12.50% p.a.	72 months	1.15% to 2.75% of the loan amount
Federal Bank Personal Loan	₹5 Lakhs	12.75% p.a.	48 months	2% to 3% of the loan amount + 18% GST
Aditya Birla Capital Personal Loan	₹7 Lakhs	13.5% p.a.	60 months	Up to 4% of the loan amount + GST
Fibe Personal Loan	₹5 Lakhs	14.00% p.a.	36 months	Up to 2% of the loan amount
PaySense Personal Loan	₹5 Lakhs	14.00% p.a.	60 months	2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)
Muthoot Finance Personal Loan	₹10 Lakhs	14.5% p.a.	60 months	2% to 4% of the loan amount
Finnable Personal Loan	₹10 Lakhs	15.95% p.a.	60 months	Up to 3% of the loan amount
Moneyview Personal Loan	₹10 Lakhs	1.33% p.m.	60 months	Starts from 2% of the approved loan amount
InCred Personal Loan	₹10 Lakhs	16% p.a.	60 months	2% to 5% of the loan amount
Piramal Finance Personal Loan	₹6 Lakhs	17.25% p.a.	60 months	1.50% to 4.50% of the loan amount
Upwards Personal Loan	₹5 Lakhs	18.00% p.a.	36 months	Up to 4% of the loan amount plus GST
IIFL Finance Personal Loan	₹5 Lakhs	18% p.a.	42 months	2% to 6% of the loan amount + GST

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

Personal Loan EMIs for 3-Year for Different Amounts

The following EMI calculations are based on a fixed interest rate of 9.99% p.a. and tenure of 3 years. It will help you understand the approximate monthly EMI for different loan amounts.

Loan Amount	Interest Rate	EMI
₹1 Lakh	9.99% p.a.	₹3,226
₹3 Lakhs	9.99% p.a.	₹9,678
₹5 Lakhs	9.99% p.a.	₹16,131
₹10 Lakhs	9.99% p.a.	₹32,262

Disclaimer: The calculation of EMI is for illustration purposes only. Actual figures may vary depending on the loan terms.

Eligibility Criteria for a 3-Year Personal Loan

To apply for a 3-year personal loan, you need to meet the following eligibility criteria on Bajaj Markets:

Indian citizenship
Age above 18 years
Salaried or self-employed individual
Minimum work experience of 6 months
CIBIL score of 685 or above

Documents Required for a 3-Year Personal Loan

Here is a list of documents you may be asked to submit when applying for a 3-year personal loan on Bajaj Markets:

Document Type	Accepted Documents
Identity Proof	Aadhaar Card, PAN Card, Voter ID, Passport, Driving Licence
Address Proof	Aadhaar Card, Passport, Voter ID, Driving Licence, Telephone Bill, Electricity Bill
Income Proof	Last 3 Months’ Bank Statements or Salary Slips

How to Apply for a 3-Year Personal Loan

On Bajaj Markets, follow these simple steps to apply for a 3-year personal loan online:

Click on the ‘Apply For Loan’ option on this page
Choose your profession and fill in your mobile number and PIN code
Accept the terms and conditions and click on ‘Proceed’
Now, enter or choose the following details as required:

PAN
Name as per PAN card
Date of birth
Employer category
Employer/company name
Net monthly salary
Email ID
Gender
Salary credit mode (Bank or Cash)

You will get offers as per your eligibility, choose the preferred option
Click on the ‘Submit’ button
Fill in additional details as requested

Personal Loan Offers for Other Tenures on Bajaj Markets

Personal Loan for 6 Months	Personal Loan for 6 Years	Personal Loan for 8 Years
Personal Loan for 7 Years	Personal Loan for 3 Months	Personal Loan for 4 Years
Personal Loan for 5 Years	Personal Loan for 2 Years	Personal Loan for 10 Months
Personal Loan for 1 Year	Personal Loan for 4 Months	Personal Loan for 5 Months
Personal Loan for 7 Months	Personal Loan for 8 Months	Personal loan for 9 Months
Personal Loan for 11 Months

Frequently Asked Questions

Yes, you can take a personal loan with a tenure ranging from a few months to several years, including a 3-year option on Bajaj Markets.

What is the maximum loan one can get for a 3-year tenure?

You can get loan amounts up to ₹55 Lakhs and more through lenders on Bajaj Markets.

Is 3 years the maximum tenure for a personal loan?

No, you can get a personal loan with easy repayment options ranging up to 8 years (96 months) on Bajaj Markets.

Can I prepay or foreclose a 3-year loan?

Yes, a 3-year personal loan can be prepaid or foreclosed as per the lender’s policy and applicable fees. On Bajaj Markets, lenders offer prepayment or foreclosure with charges ranging up to 7% of the outstanding principal/loan amount plus applicable taxes (GST).

What is the EMI for a personal loan of ₹2 Lakhs for 3 years?

For a ₹2 Lakh personal loan over a 3-year tenure at an interest rate of 9.99% p.a., the estimated EMI will be ₹6,452.

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