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.
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.
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.
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.
A shorter repayment tenure leads to reduced overall interest payments compared to longer-term borrowing, helping you save on total loan costs.
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.
Bajaj Markets offers a hassle-free online application with minimal documentation and quick approval, making it convenient to access credit when needed.
You can clear the loan within a short period, easing your debt obligations more efficiently.
Whether you are a salaried employee or self-employed, this short-term personal loan offers flexible financial support tailored to meet your needs.
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 |
13.99% 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.
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.
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
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 |
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
|
|
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.