EMI for a ₹3 Lakh loan
| Tenure | 16% a year | 24% a year | 36% a year |
|---|---|---|---|
| 12 months | ₹27,219 | ₹28,368 | ₹30,139 |
| 24 months | ₹14,689 | ₹15,861 | ₹17,714 |
| 36 months | ₹10,547 | ₹11,770 | ₹13,741 |
| 60 months | ₹7,295 | ₹8,630 | ₹10,840 |
Illustrative only. Your lender sets the actual rate and fees — check the APR in the Key Fact Statement (KFS) they must give you before you sign. Small, short loans often cost more than these figures.
What people use a ₹3 Lakh loan for
- A planned medical procedure
- Home renovation
- A wedding
- A vehicle down payment
Who can get a ₹3 Lakh loan
- Indian citizen, usually aged 21 to 58
- A regular monthly income — salaried or self-employed
- A PAN card in your own name
- Each lender has its own minimum income and CIBIL score; Finriseo shows only the lenders whose criteria match your profile
Documents you need
- PAN card
- Aadhaar card (for KYC)
- A bank account in your name
- A recent bank statement or salary slip, if the lender asks
How to apply for a ₹3 Lakh loan on Finriseo
- Enter your mobile number and verify it with an OTP
- Choose ₹3 Lakh as the amount and add your income and PAN
- Compare the offers you match
- Apply to the lender you choose — they complete KYC and pay directly into your bank account
Before you borrow
- Borrow only from an RBI-registered bank or NBFC
- Never pay an upfront fee to “get” a loan approved
- Check the total cost (APR) and all fees in the KFS
- Pay EMIs on time — late payments lower your CIBIL score