Are you in need of ₹3 lakh loan? Whether it's for a medical emergency, home improvement, or wedding, a personal loan can provide the financial assistance you need. At Piramal Finance, you can easily get a personal loan of ₹3 lakh without any trouble. No need to go from branch to branch as you can get it with 100% digital loan application process.

How to get 3 Lakh Personal Loan on the same day?

You can easily apply for a 3 lakh rupees loan at Piramal Finance. Simply follow these steps:

  • Step 1:
    Click on Apply Now and start your Personal Loan application.
  • Step 2:
    Enter your mobile number linked to your bank account
  • Step 3:
    Enter the OTP received on your mobile number
  • Step 4:
    Enter the required document and verify the same
  • Step 5:
    Bank account verification
  • Step 6:
    Income Verification
  • Step 7:
    Check the Final Loan Offer, Accept, and continue the final process

The ₹3 lakh loan will directly get credited to your verified bank account within 24 hours.

Key Features of the ₹3 Lakh Loan

Online Loan Processing

Apply for ₹3 lakh personal loan in minutes using the Piramal Finance website anytime and anywhere. The fast, seamless online verification process disburses your loan amount on the same working day.

Seamless Loan Application

At Piramal Finance, you won’t have to wait for too long for the personal loan application. You only need to complete the application form online, upload the requisite documents, and finish things within minutes. That’s how fast a loan application process has become in today’s digital era.

Digital Paperwork

It can consume a lot of time to collect and manage all the requisite paperwork until the loan procedure is complete. Piramal Finance's online loan needs only easy digital paperwork and offers instant verification for added convenience.

No Need for Collateral

Piramal Finance does not need collateral for an urgent loan of ₹3 Lakh. We know emergencies can happen to anyone, so we avoid anything that could slow down getting the loan.

Affordable Interest Rate & Flexible Tenure

The ₹3 lakh loan interest rate at Piramal Finance is 12.99*%pa, which is fair and competitive. The low-interest rate makes your EMI less and more convenient to repay. We offer a 5-year loan term for lower monthly payments and better financial management.

EMI Calculation

Below is a table representing the ₹3 lakh loan EMI for 5 years at a standard interest rate of 12.99*%pa. So, check it out:

YearPrincipal AmountInterest PayableTotal AmountAvg. Monthly EMIOutstanding Balance
₹ 45,573
₹ 36,315
₹ 81,888
₹ 6,824
₹ 254,427
₹ 5,1858
₹ 30,030
₹ 81,888
₹ 6,824
₹ 202,569
₹ 59,010
₹ 22,878
₹ 81,888
₹ 6,824
₹ 143,559
₹ 67,149
₹ 14,739
₹ 81,888
₹ 6,824
₹ 76,410
₹ 76,410
₹ 5,478
₹ 81,888
₹ 6,824
₹ 0

Factors Responsible for ₹3 lakh Personal Loan Interest Rate

The interest rate for ₹3 lakh loan typically starts from 12.99*%pa, and the maximum repayment tenure is five yea₹The interest rate on ₹3 lakh personal loan depends on your income, employment type, work experience, and age.


The minimum age required to apply for a personal loan is 21 years and the maximum age at which a person can apply for an instant personal loan is set to be 58 yea₹If you’re a younger applicant, your ability to repay the loan will be higher than any old applicant. Thus, a younger applicant gets entitled to a lower interest rate than any older applicant.

Credit Score:

We prioritize applicants with a credit score of 700 or above more than other applicants. However, if you have a low credit score, you can always improve it.

Employment Status:

Employees working in public sector and private sector companies consider salaried employees eligible for an instant personal loan. Individuals with higher income certainty and job stability are given more priority and offered lower interest rates than others.

Work Experience:

A salaried individual with a minimum of two years of work experience is considered highly eligible for a ₹3 lakh loan. The more your work experience, the more your capability to repay the loan, and the lesser your interest rate.

Documents Required

When applying for a loan of ₹3 lakh, you need to submit some essential documents to validate your ID, address and income. This table outlines all the documents required for availing of a personal loan of ₹3 lakh:

Document TypeDocuments for ₹3 Lakh Loan
Income ProofLast 3 months' bank account statements / salary slips
Identity ProofAadhar Card, PAN Card, Voter's Id / Driving License
Address Proof / Proof of ResidenceAadhar Card / Driving License / Passbook / Utility Bills / Property Documents
Proof of EmploymentAppointment Letter / Company Contract, Company or HR's Email ID, Official Identity Card
Investment Proof (If Any)Copy of Receipts of Mutual Funds/ Fixed Deposits/ Recurring Deposits
PhotographLatest Coloured Passport-Size Photograph

Fees and Charges

The fees and charges for an instant loan of ₹3 lakh at Piramal Finance are more reasonable and competitive than othe₹Here is a table representing the fees and charges for a personal loan.

Features and FeesDetails
Personal Loan Interest Rates12.99%* p.a. onwards
Loan Amount₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure3 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of ₹3 lakh and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes
Loan Cancellation after DisbursementInterest accrued & due plus applicable taxes
Loan Repayment Schedule (applicable for physical copies only)₹ 500 plus applicable taxes
Change of Loan Repayment Mode₹ 1000 plus applicable taxes

Different Types of Personal Loans

Frequently asked questions

What is the processing time for a Rs 3 lakh personal loan?
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What Credit Score Do I Need For A ₹3 lakh Loan?
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Can I get a Rs 3 lakh Loan on Aadhar card and PAN card?
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Is it possible to foreclose or prepay loan?
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What is the EMI for the ₹3 Lakh Loan?
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Why choose Piramal Finance for a Rs 3 lakh Personal Loan?
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