Get ₹3 Lakh Personal Loan Without Documents!

Why Choose ₹3 Lakh Personal Loan?

With a ₹3 lakh instant loan you will never catch yourself wishing you had instant access to money in those times of need. Be it a medical emergency, sudden expense, or a last-minute purchase, all you need is a personal loan.

Taking a personal loan on Zype means avoiding lengthy applications, pledging collaterals, and dealing with unrealistic repayments. You can apply for a ₹3 Lakh Loan without documents in less than 8 minutes, and pay later in 3,6,9 or 12 EMIs, as per your convenience.

Need ₹3 Lakhs Personal Loan Urgently? Here’s Why to Choose Zype

A personal loan up to ₹3 Lakh can prepare you for many unplanned expenses. And this is how Zype can further make it easier for you during those times:

Instant Approval & Quick Disbursal

Need ₹3 lakhs urgently? Get ₹3 lakh loan instantly! Because Zype offers super-fast loans with approval within 60 seconds & disbursal in 24 hours.

No Document Uploads or Paperwork

Say goodbye to endless paperwork because you can get approved for a ₹3 lakh loan without documents using just your PAN & Aadhaar card number.

Competitive Interest Rate

Zype offers avail instant 3 lakh personal loans starting at an interest rate that’s as low as 1.5% (monthly).

No Collaterals

On Zype, you don’t need to pledge any of your assets to secure a personal loan. You can enjoy a unsecured loan without worrying about your assets.

Flexible Repayment Options

Repaying your personal loans on Zype is as flexible as taking them! Borrow the money you need now & pay later in 3, 6, 9, or 12 months.

₹3 Lakh Personal Loan EMI Calculator

Want to find out your EMIs in seconds? Use our user-friendly ₹3 lakh loan EMI calculator below!

Loan Amount (in rupee)

10,000

5,00,000

Interest Rate (in %)

Loan Term (in months)

Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

How to Calculate your 3 Lakh Personal Loan EMI?

Calculating your personal loan EMIs for different repayment tenures before taking a 3 lakh personal loan can help you plan your finances better & also help you choose a repayment plan that suits you the best.

Here is the formula you can use to calculate emi on personal loan of 3 lakhs:

E = 300000 x R x (1+R)^N / [(1+R)^N-1], where

R is the monthly interest rate

N is the no. of months of EMI payment

Documents Required For ₹3 Lakh Personal Loans

Zype offers personal loans with absolutely 0 required document uploads & paperwork! You only need these to complete your application for an instant loan:

Mandatory Documents

During your application process, you need to enter your PAN & Aadhaar number to get a credit line offer & to complete your KYC. You don’t need to upload any physical copy of the card.

Proof of Photo Identity

After you’re approved for a personal loan, you will need to do a selfie-based verification. Since this is real-time photo verification, you don’t need to upload any documents.

Proof of Income (Optional)

If you want to apply for a higher credit limit on Zype, all you need to do is upload your bank statement for the last 4 months.

Eligibility Criteria for ₹ 3 Lakh Personal Loan

Want to get approved for a personal loan up to ₹3 lakh within seconds? All you have to do is meet a simple eligibility criteria!

Age

18 years or above

Citizenship

Indian with a valid PAN & Aadhaar card.

Work experience

Salaried individual

Monthly Salary

Monthly income of at least ₹15,000

Interest Rates & Charges on ₹3 Lakh Personal Loan

Minimalist Table

Fees & Charges	Amount Chargeable
Interest Rate	Starting at as low as 1.5% (monthly)
Loan Processing Charges	Processing fees from 2% to 6% on every loan
Penalty on Overdue EMIs	Penal interest and late fees will be charged to your total outstanding loan on a daily basis

₹3 Lakh Personal Loan EMIs for 3-12 Months Tenure

The flexibility of borrowing shouldn’t end with getting a loan.

This is exactly why Zype offers convenient repayment options where you can borrow the money you need and pay later in 3, 6, 9, or 12 EMIs. This way, you can get a personal loan without worrying about your repayments.

Your repayment tenure will look something like this when you take a ₹3 lakh loan at an 18% annual interest rate.

*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.

Minimalist Table

Loan Amount	Interest Rate	Tenure (in months)	EMI in Rs
Rs 300000	18%	3	Rs103014.89
		6	Rs 52657.56
		9	Rs 35882.95
		12	Rs 27504

Factors Considered By Lenders To Issue Personal Loan Of 3 Lakhs

When you apply for a Rs.3 lakh loan on aadhar card, Zype will provide you with instant personal loans after evaluating your eligibility. A few factors that affect your eligibility include:

Age: Your age is one of the factors that can affect your eligibility for a personal loan. Zype offers loans to people whose age is above 18. When checking your personal loan eligibility with Zype, ensure that you meet the requirements to easily obtain a loan.

Employment Type: Whether you’re salaried or self-employed, Zype offers urgent personal loans to those individuals who have a stable source of income.

Monthly Income: An important factor that determines your offered loan amount by zype is your income stability. The higher your monthly income, the higher loan amounts you will be approved Zype offers loans to someone earning at least Rs, 15000 per month.

PAN Card: While the documents required for the personal loan can differ, Zype requires a valid PAN or Aadhaar card to process the loan application process.

Credit History and Score: One of the primary considerations is your credit score; a higher score reflects better creditworthiness and increases your chances of approval. However, zype asks for minimal requirements to get you a personal loan.

Debt-to-income ratio: Your debt-to-income ratio is another crucial factor, as it indicates your ability to manage additional debt. Most lenders look into your existing liabilities and financial obligations to assess your overall financial health. However, you can apply with Zype to get a personal loan as they ask you to fulfill very few simple steps and have minimum eligibility criteria.

Steps to Applying for a 3 Lakhs Personal Loan on Zype:

1) Get the Zype app on PlayStore/AppStore & complete your sign-up.

2) Add your basic information such as name, mobile number & PAN number.

3) Get instant approval for a credit line based on your profile.

4) Unlock the credit line by completing a quick 3-step KYC with an Aadhaar number & selfie verification.

5) Choose the loan amount you need & EMI option.

6) Transfer the money directly to your account in a single tap!

Frequently Asked Questions

How To Avail Rs. 3 Lakh Personal Loan on Your Aadhar Card?

You can apply for a loan on apps like Zype that offer Rs. 3 Lakh Personal Loan using your PAN card & complete your KYC using Aadhaar card.

Can I Get an Instant Personal Loan of 3 Lakhs Without a CIBIL Score?

Yes, even if you don’t have a credit history, you can get approved for a personal loan on Zype. If you’re a salaried individual with a minimum monthly salary of ₹15000, then you can get approved for a personal loan up to ₹3 lakhs.

Also Read: Salary Loan Online

Can I Avail a ₹3 Lakh loan Without Documents?

Yes, you can! There are many instant loan apps like Zype that give you a personal loan offer with basic information like your PAN & Aadhaar number.

What Will My Rs. 3 Lakh Personal Loan Emi Be?

The EMI for Rs. 3 lakh loan depends on your interest rate and tenure. You can use zype’s personal loan EMI calculator to calculate your precise EMI which will help you plan your finances.

What are the Factors that Can Affect ₹3 Lakh Personal Loan EMI?

Your approved loan amount, interest rate on the loan & the repayment plan you choose decide your monthly EMIs.

How to Get a 3 Lakh Personal Loan Without Income Proof?

Zype is a personal loan app that offers instant loans just by adding your basic details, PAN & Aadhaar number.

What is the Processing Time for a ₹3 Lakh Personal Loan?

It takes only 60 seconds on Zype to get approved for a loan. The amount is then transferred directly to your account within 24 hours.

What Is The Credit Score Required For A 3 Lakh Loan?

A credit score that’s above 700 is considered to be a good credit score. However, zype offers personal loans up to Rs. 5 lakhs with minimum eligibility criteria

How To Get 30,000 Rupees Immediately?

To get Rs. 30,000 instantly, apply for an instant personal loan with Zype with just a pan card in very few simple steps. To do this, all you have to do is download the Zype app from the play store and complete a few steps of the application process to check eligibility.