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₹ 30,000 Personal Loan

Apply Personal Loan of ₹ 30,000 Online

Last Updated 05th Dec 2021

  • Banks and NBFCS offer ₹ 30,000 Personal Loan to pay off debts or to meet medical emergencies.
  • Availing personal loans is easy because it is available online as well offline with minimal documentation.
Interest rate10.25% p.a Check Offers
ProfessionSalaried employees and Self-employed professionals
Age 18 to 65 years
Processing FeesUp to 3% of the loan amount
Required CIBIL Score650 and above
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Cashback

Get Personal Loan Online of ₹ 30,000

If you are facing a financial crunch for any reason, then availing of a personal loan is the best option for you. These days banks and NBFCs offer personal loans for as low as ₹ 1,000 and up to ₹ 75,00,000. If you want a loan to meet small financial requirement, you can take a ₹ 30,000 personal loan online and offline. You may get extra benefits and save time if you avail it online.

Eligibility Criteria to get Best Personal Loan of 30000 Rupees Online

You must fulfil the following eligibility criteria to avail personal loan of ₹ 30,000

  • Citizenship: You must be an Indian citizen living in India.
  • Age : A salaried applicant with an age group of 18 years - 65 years to 65 years.
  • Minimum Income : Minimum net take-home salary of ₹ 25,000 with a regular source of income.
  • Work Experience : A total work experience of 1 year or above is required to get an instant loan of ₹ 30,000.
  • Credit score : 650 above

Interest Rates, Processing Fee and Other Charges on ₹ 30,000 Personal Loan

Bank NameInterest RateProcessing FeePre Payment Charges
Cashe33.00%1.50%-2% of loan amount, upto Rs. 1200Not allowed
MoneyTap13.00%2% + GST3%-5% foreclosure charges
Paysense15.96%Rs. 500 + GSTNot allowed
Early Salary24.00%Rs. 399, 50% off on Processing fees Max 300 off, Validity till 31st October 2021Not allowed

30K Personal Loan EMI with Different Tenors

Here is the EMI calculation for loan amount ₹ 30,000 for different tenures at the lowest personal loan interest rate of 10.25% pa.

TenureLoan amountInterest rateEMI
EMI for 1 year₹ 30,00010.25%₹ 2,641
EMI for 2 year₹ 30,00010.25%₹ 1,388
EMI for 3 year₹ 30,00010.25%₹ 972
EMI for 4 year₹ 30,00010.25%₹ 764
EMI for 5 year₹ 30,00010.25%₹ 641

Documents Required to Apply Instant Personal Loan of ₹ 30,000

Submit the following documents to apply instant personal loan of ₹ 30,000

  • Duly filled personal loan application form
  • Two passport size photos
  • PAN card, Aadhar card as identity proof
  • Passport, Voter Id card, Electricity/Telephone bill(last three months) or Driving license as address proof
  • Last three months salary slip, and form 16, Last six months bank statement (Salaried) as income proof
  • Bank account statements of last six months, balance sheet, P&L statement/previous year ITR (self-employed)
  • Trade license, registration certificate by RBI, a copy of the partnership deed and documents related to Sales tax, VAT and Service tax as business proof. These are only to be submitted by self-employed

Steps to Apply Personal Loan of ₹ 30,000 Online

If you want to apply for personal loan with MyLoanCare, then follow the below-given steps or visit the nearest bank branch or lender’s official website:-

  • Step 1: Fill the personal loan application form.
  • Step 2: Give required information like name, income, phone number, residence.
  • Step 3: Click on ‘Get Quote’
  • Step 4: Enter the OTP
  • Step 5: Click on ‘Submit’
  • Step 6: Now, fill in more information about existing loans, why you need a loan, Are you paying current EMI’s etc
  • Step 7: Further, you will be redirected to the offers page, displaying offers as per your eligibility.
  • Step 8: To help with the further process, the MyLoanCare executive will call you.

FAQs

Which bank is best for a Personal Loan of ₹ 30,000?

If you are willing to take a ₹ 30,000 personal loan, then these are the best banks-Bank of India, MoneyTap, and Indifi. These banks are offering the lowest interest rate of 11.60%, 13.00% and 15.00%, respectively. Also, OBC is a good option because it provides the best customer service for a personal loan rating of 5/5.

Can I get a Personal loan of ₹ 30,000 without collateral?

A personal loan is an unsecured loan, meaning you are not required to pledge assets as collateral. However, you must have a strong credit history because it is one of the essential factors which helps decide loan approval.

What are the factors that affect the EMI of ₹ 30,000 Personal Loan?

Credit score, income, age, loan amount, interest rate, and loan tenure affect the EMI of a personal loan. To calculate the EMI, you can use a personal loan emi calculator. The calculator helps you decide the tenure because shorter tenure means higher EMI, and longer tenure means less.

I need a ₹ 30,000 rupees loan urgently. Should I apply for a Personal loan or a gold loan?

If you need ₹ 30,000 rupees instantly, then you must apply for an instant personal loan. This kind of loan is available with many lenders. Instant personal loans are available with minimal documentation, and funds get credited within a few hours. At the same time, a gold loan can take up to days due to its valuation process.

Can I get a personal loan of ₹ 30,000 rupees if I don’t have a bank account?

Few lenders approve personal loans of 30,000 rupees even if you don’t have a bank account. But do remember that you might have to pay a higher interest rate because personal loans do not require collateral.

Do I need a guarantor to take a personal loan of ₹ 30,000?

A few banks and NBFCs may ask for a guarantor if you want to take a personal loan of ₹ 30,000. A guarantor is required to prove the authenticity of a borrower.


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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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