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Personal Loan for 3 Years

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

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 i
Interest Rate
- +
Min value reached
Max value reached
Tenure
- +
Min value reached
Max value reached

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

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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.

Faster Loan Closure

You can clear the loan within a short period, easing your debt obligations more efficiently.

Ideal for Salaried and Self-employed Borrowers

Whether you are a salaried employee or self-employed, this short-term personal loan offers flexible financial support tailored to meet your needs.

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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:

  1.  PAN

  2. Name as per PAN card

  3. Date of birth

  4. Employer category

  5. Employer/company name

  6. Net monthly salary

  7. Email ID

  8. Gender

  9. 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

Frequently Asked Questions

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.

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

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

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).

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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