Rs.3 Lakh Personal Loan @10.49%* Interest rate
Need ₹3 lakh in Personal Loan Urgently? Get instantly at a competitive 10.49% interest rate. Fast and easy approval process.
Personal Loan of Rs.3 Lakh
We understand life throws curveballs very often? However, it does not mean you have to postpone your dreams, sometimes all you need is a financial fillip to get you up. Get personal loan of Rs. 3 Lakhs and turn your dreams into reality. Don’t have to scout your way around anymore for 3 Lakhs personal loan with Fincover around to help you.
Features and Benefits of Rs. 3 Lakh Personal Loan
- Swift Approval: Need cash in a hurry? Our lightning-fast approval process ensures you get the funds you require on time
- Flexible Repayment Plans: Get loans that fit your lifestyle. Get flexible repayment plans from lenders to make sure you’re in control of your budget
- Competitive Interest Rates: We believe in fair deals. Enjoy some of the best interest rates in the market. Get to compare rates from multiple lenders and ensure you get the loan at the most favourable term
- No Hidden Charges: Transparency is our policy. We do not lend money out of our packet; we act as a distributor in tie-up with the bank/NBFCs and ensure you get the loan required. We negotiate with lenders to get you the most favourable deal
- Quick Disbursal: Once approved, the money will reach your account in the shortest possible time.
Bank Interest rates for Rs.3 Lakh Personal Loan
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
₹3 Lakh Personal Loan EMI for up to 7 Years
Loan Amount: ₹3,00,000
Rate of Interest (ROI): 10.5% per annum
| Tenure | EMI Amount @ 10.5% Interest |
|---|---|
| 1 year | ₹26,444 |
| 2 years | ₹13,912 |
| 3 years | ₹9,750 |
| 4 years | ₹7,681 |
| 5 years | ₹6,448 |
| 6 years | ₹5,633 |
| 7 years | ₹5,058 |
Factors considered by lenders to issue personal loan of 3 Lakhs
Before issuing a personal loan of Rs. 3 Lakhs, the lenders consider a variety of parameters before arriving at a decision. Some of the parameters and factors are given below :
- Credit Score: A higher credit score indicates a lower risk for the lender. Lenders usually prefer borrowers with a credit score of 750+ in order to be eligible for a personal loan
- Income and Employment Stability: Lenders assess the borrower’s income to ensure they have the financial capacity to repay the loan. A Stable employment history and a regular source of income play positive role in the outcome of your loan application. For salaried people, lenders expect a minimum of 1 year in the present organization for self-employed people, lenders expect the borrower to have run the current business for atleast two years.
- Debt-to-Income Ratio (DTI): Lenders evaluate the borrower’s DTI, which is the ratio of their monthly debt payments to their gross monthly income. Banks and NBFCs expect a DTI of less than 30% in order to successfully process the loan
- Loan Amount and Repayment Capacity: The loan amount is determined largely based on the borrowers repaying capacity and his current debt obligations.
- Credit History: Aside from his present credit score, the lenders might also look into borrower’s credit history for trust. Credit history documents all the loans that the borrower has taken along with his repayment record.
- Age of the Borrower: Lenders may consider the borrower’s age, with younger individuals sometimes facing more scrutiny. Older individuals with a stable financial history may be perceived as lower risk.
Understanding these factors and working on strengthening your credit profile boosts your chances of getting approved for a personal loan at favourable terms.
Eligibility Criteria for 3 Lakh Personal Loan
- Age: 21 to 60 years
- Employment: Salaried or self-employed with a stable source of income
- Income level: Would vary from lender to lender
- Credit Score: A credit score of 700+
- Citizenship: Indian resident
Documents Required for 3 Lakh Personal Loan
- Identity proof (Aadhar card, passport, or driving license)
- Address proof (utility bills or rental agreement)
- Income proof (salary slips or income tax returns, Business Establishment Proof)
- Passport-sized photographs
- Bank statements for the last 3-6 months
Why Choose Us?
- Customer-Centric Approach: Your needs come first. We’re here to make your journey smooth and stress-free. Get to compare loan quotes from multiple lenders and select the one that fits your requirement
- Secure and Confidential: Your data is your business. We ensure your personal and financial information is treated with the utmost confidentiality and security.
- Personalized Assistance: Need help? Our dedicated team is just a call away. Our team would be supportive to you from application to disbursing
