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Personal Loan of ₹3 lakhs
For any urgent need of funds, opt for Personal Loan from Axis Bank and easily meet your goals. Whether you need money for travel, education, managing medical bills, or upgrading your home, get the loan approved in a few seconds by applying online and doing video KYC.
Enjoy attractive interest rates, adaptable monthly payments, and rapid approval processes with Axis Bank. Our streamlined online application ensures you get the financial support you need without any complications. Start your application today!
₹3 lakhs Personal Loan EMI for 1 year
Let us calculate ₹3 lakhs Personal Loan EMI with the following details.
| Loan amount (₹) | 3,00,000 |
|---|---|
| Interest rate (p.a.) | 9.99% - 22% |
*considering 11% interest in the below scenarios.
₹3 Lakhs Personal Loan EMI
| EMI for 1 year | EMI for 3 year | EMI for 5 year | |
|---|---|---|---|
| Equated Monthly Instalments (EMI in ₹) | 26,514 | 9,822 | 6,523 |
| Principal Amount (₹) | 3,00,000 | 3,00,000 | 3,00,000 |
| Interest Amount (₹) | 18,174 | 53,578 | 91,364 |
| Total Amount Payable (₹) | 3,18,174 | 3,53,578 | 3,91,364 |
Great plans start with well-calculated decisions
Personal Loan EMI Calculator
A Personal Loan EMI calculator is an important tool that helps borrowers know the exact amount they are required to pay as an EMI every month to repay their Personal Loans. The online Personal Loan EMI calculator uses parameters such as loan amount, tenure and interest rate to calculate the EMI details for borrowers who have taken a Personal Loan from a bank or a financial institution or are looking for a Personal Loan.
₹
10K
40L
%
9% 22%
Mos
384
Your EMI*₹ 1,14,678
Get instant funds*Equated Monthly Installment'
Note: To see amortization schedule, please click here.
Total Amount Payable
1,37,621
Personal Loan Eligibility Calculator
A personal loan eligibility calculator comes in handy when you need an instant idea of the maximum amount of loan you are eligible for. Personal loan provides you financial support when life takes an unexpected turn or when you need some extra funds to fulfill your goals and ambitions. Whether planning a wedding or giving your home a new interior, personal loan can ease your financial burden. However, checking all the boxes on the personal loan criteria is crucial to getting your application approved. These criteria determine what amount can be sanctioned to you.
That is where a personal loan eligibility calculator helps you. How, you ask? Let us understand.
You are eligible for up to
₹ 15,00,000
Eligibility for Personal Loan up to ₹3 lakhs
For a ₹3 lakhs loan from Axis Bank, the eligibility criteria are as follows:
Documents required Personal Loan up to ₹3 lakhs
How to apply for ₹3 lakhs Personal Loan online at Axis Bank?
Applying for a Personal Loan of ₹3 lakhs has been simplified for your convenience.
Follow these steps to start your online application:
- 01
Navigate to the Axis Bank Personal Loan application page.
- 02
Input your contact details and choose verification via date of birth or PAN.
- 03
Validate your identity with the OTP sent on your mobile phone.
- 04
Prepare and upload your bank statements and salary slips from the last six months or verify income online.
- 05
Complete eKYC and Video KYC for instant loan approval.
- 06
Verify your Aadhaar by entering the OTP received on your linked mobile number.
- 07
Fill in essential details about your employment and educational background.
- 08
Select your desired loan amount up to ₹300,000 and repayment term, then review interest rates and ₹3 lakh Personal Loan EMI options.
- 09
Reconfirm your employment address and verify your official email.
- 10
Click "continue" and then "avail now" to complete the application.
- 11
Await a confirmation message about your loan approval.
- 12
Once your loan is approved, funds will be deposited into your bank account in just a few hours.
₹3 lakhs Personal Loan fees & charges
| Type of charges | Charges |
|---|---|
| Repayment instruction / Instrument return charges | ₹339/- per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable |
| Swap charges (Cheque/Instrument) | ₹500/- per instance + GST as applicable |
| Penal interest | @24% per annum i.e. 2% per month on the overdue instalment. |
| Duplicate statement issuance charges | ₹250/- per instance per set + GST as applicable. |
| Duplicate amortisation schedule issuance charges | ₹250/- per instance per set + GST as applicable. |
| Credit Information Companies (CICs) report issuance charges | ₹50/- per instance per set + GST as applicable. |
| No dues certificate generation charges (Duplicate) | ₹50 per instance per set + GST as applicable. |
| Stamp Duty charges | As per State Stamp Act |
| Part payment / Pre-payment charges | 5% + GST (as applicable) for loans disbursed 4th October, 2023 onwards: Fee for more than 36 months, 2% fee is applicable otherwise 3% |
| Processing fee charges | up to 2% of the loan amount + GST as applicable |
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Frequently asked questions
Axis Bank's processing time for a ₹3 lakhs Personal Loan typically ranges from a few hours to a few days, depending on how you apply for the loan. If your loan is approved online, your Personal Loan is disbursed in a few hours.
Indeed, you can secure a ₹3 lakhs Personal Loan from Axis Bank without needing to provide any collateral. Axis Bank offers unsecured Personal Loans, which means your loan approval is based on your creditworthiness and income, not on collateral.
For an instant ₹3 lakhs loan from Axis Bank, a credit score of 720-750 or above is generally required. A higher credit score enhances your loan approval chances and may qualify you for better interest rates.
While Axis Bank requires certain documents for loan processing, the bank has streamlined processes for existing customers in case of pre-approved loans, reducing the need for extensive paperwork. Online, paperless loans are available for existing Axis Bank customers who have pre-approved loans as well as users who do not have any existing relationship with Axis Bank, on a case-to-case basis.
Securing a ₹3 lakhs loan from any bank without providing proof of income can be challenging, as income documents are crucial for assessing your loan repayment capacity. Axis Bank might consider your application if you have a strong banking relationship or an exemplary credit history, using alternative methods to verify your financial stability. One can verify income online or upload documents during the safe and secure online journey.
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