Get an Instant ₹3 Lakh Personal Loan Online from MoneyTap

In today’s world, it’s not uncommon to need a little extra money from time to time. Whether it’s for an unexpected car repair or a last-minute plane ticket, sometimes we just need a little help. That’s where MoneyTap’s Instant ₹3 Lakh personal loan comes in.

These loans are designed to help you in a pinch, providing you with the money you need when you need it.

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But…Why Would You Need ₹3 Lakh loan?

For those times when you need instant financial help, an online personal loan can be a great solution. But how do you know if you need a ₹3 Lakh Personal Loan? Let’s take a look at these 8 reasons why you might need one.

Debt Consolidation

Education

Business

Paying a Down Payment for Another Loan

Wedding Expenses

Exotic Vacation

Home Renovation

Medical Expenses

Debt Consolidation

If you have multiple debts with high interest rates, consolidating those debts into one personal loan can save you money on interest and help you get out of debt faster.

Education

Whether you're looking to go back to school or pay for your child's education, you can take an education loan in most cases. But what about the miscellaneous costs? You can get a personal loan of ₹3 Lakh for education to cover these costs.

Business

What if you have a great business opportunity but don't have the cash on hand to take advantage of it? A ₹3 Lakh personal loan can act as a business loan and help you cover the costs and avoid going into debt.

Paying a Down Payment for Another Loan

Whether you are buying a car or a house, the down payment can be a big obstacle. If you have the cash but don't want to deplete your savings, a ₹3 Lakh loan can be a great solution.

Wedding Expenses

Weddings are expensive, and if you're not prepared, they can quickly get out of control. A ₹3 Lakh loan on easy EMI can be a lifesaver.

Exotic Vacation

Sometimes you just need to get away. If you've been dreaming of an exotic vacation but don't have the cash on hand, a personal loan of ₹3 Lakh on EMI can make it happen for you.

Home Renovation

If your home needs some repairs or upgrades, a ₹3 personal loan at a legitimate interest rate can be a great way to finance the project.

Medical Expenses

An unexpected medical expense can be difficult to handle. It can be a relief to get a ₹3 instant personal loan in such tuff times.

These are just a few of the reasons why you might need a ₹3 Lakh Personal Loan. If you find yourself in a situation where you need quick cash, a personal loan can be a great solution.

Features and Benefits of Instant ₹3 Lakh Loan From MoneyTap

Get Instant Approval

Instant online loan approval within 4 minutes.
Customized Borrowing

Facility to borrow as little as ₹3,000 from the approved credit limit.
Affordable Interest Rate

Interest rates start from 1.08% per month.
Works as a Credit Card

Complimentary MoneyTap-RBL Credit Card* for online & offline purchases. (*Valid only for RBL-approved customers).
Flexible Repayments

Freedom to choose the repayment schedule - Anywhere between 2-36 months.
Online Easy Transactions

Manage your transactions and account remotely via the easy-to-use mobile app.

Process to Apply for MoneyTap's ₹3 Lakh Personal Loan

Download MoneyTap App & register

Fill up basic details such as age, city, PAN number, & income so we can determine your eligibility.

KYC documentation

After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.

Transfer Money to your Bank

Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.

Fill up basic details such as age, city, PAN number, & income so we can determine your eligibility.

After the approval from our system, we’ll schedule a KYC visit to your house / office to collect documents.

Credit line is ready to use! From the approved limit, transfer as much money as you need to your bank account.

Eligibility Criteria

Profession – Salaried or Self-Employed
Age – Above 21 years and below 60 years
Minimum Monthly Income – ₹ 20,000
Work Experience – 3 years and above
Credit Score – 650 and above
Must be a resident of one of the following cities:
View city list

Required Documents

Pan Card Number
Professional Selfie
(To be taken on the MoneyTap App)
Address Proof
(Valid Driving License / Valid Passport / Aadhar Card)
ID Proof
(Valid Driving License / Valid Passport / Voter’s ID / Aadhar Card / Pan Card)

Interest Charged by MoneyTap for a ₹3 Lakh Personal Loan

If you’re looking for a personal loan, the interest rate is probably the most important factor for you. Luckily, MoneyTap has some of the most competitive interest rates on the market. Depending on your credit score and repayment ability, you could get an interest rate as low as 13% per year.

Once your loan is approved, you’ll be able to see the interest rate being offered to you. You’ll also be able to see the monthly EMI you’ll need to make to repay the loan.

MoneyTap approves personal loans of up to ₹5 Lakh in the form of a personal line of credit. So if you only need ₹30,000, you can withdraw that amount and repay it in easy EMIs.

Remember, the interest only applies to the amount you borrow, not the entire credit limit. So if you don’t use the rest of the credit limit, you won’t be charged any interest.

Personal Loan EMI Calculator

Loan Amount :

₹

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75L |
100L |
125L |
150L |
175L |
200L

Interest Rate :

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5 |
7.5 |
10 |
12.5 |
15 |
17.5 |
20

Tenure :

Yr %

Months

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30

EMI Scheme

EMI in Advance EMI in Arrears

₹24,959

Loan EMI

₹34,90,279

Total Interest Payable

₹59,90,279

Total Payment (Principal + Interest)

Someone like you is happy with MoneyTap

Navjyoti

You can have credit cards but you have to pay hefty interest rates if you want to use them as a loan. You need to go for a personal loan if you need cash. But MoneyTap credit has a kind of 2-in-1 facility that lets you withdraw cash when you need it and change it to EMI as well [with lower interest rates]. I think it's really helpful and unique.

Navjyoti

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

Julen

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

N Cavin Misao

Get the app for a seamless application process

Get it on playstore

Get it on appstore

With MoneyTap’s line of credit you will have money available instantly 24x7 to use anytime, anywhere. Click below to experience its power.

Apply now

Our journey so far

5 years and counting as India’s 1st app based Credit Line

1.1M

Happy faces
252K

Loans disbursed
5

Years of service
10M+

Downloads

Different Ways to Use MoneyTap Personal Loan 2.0

MoneyTap's Personal Loan is
Now Available Across India

FAQs

I need a ₹3 Lakh loan urgently. How can I get it?

You can easily get a ₹3 Lakh loan from MoneyTap. Download the app, apply for a loan, and get instant approval. Use whatever amount you need from your approved credit limit for whatever purpose and anytime you need.

Can I get ₹3 Lakh loan without income proof?

Income proof is mandatory to get a ₹3 Lakh loan. Your bank statement and other proof of income need to be submitted to get approval for the loan.

How do I calculate my ₹3 Lakh personal loan EMI?

To calculate your EMI for a personal loan of ₹3 Lakh, you will need to know the interest rate, loan tenure, and loan amount. You can use EMI calculator to calculate the EMI of your loan.

Can I get ₹3 Lakh loan without documents?

It is not possible to get any personal loan without documents. But with MoneyTap, you don’t need to worry about collecting and submitting a huge pile of photocopies. Our documentation process is absolutely hassle-free.

What are the charges for a ₹3 Lakh personal loan?

MoneyTap charges ₹ 499 + service tax as an annual line setup fee and 2% + service tax as a processing fee. Other charges are subjective to your case.

What is the interest rate charged on ₹3 Lakh personal loan by MoneyTap?

The interest charged by MoneyTap on ₹3 Lakh personal loan starts from 1.08% per month. The exact rate depends upon your credit profile, income, and other crucial factors.

How can I get ₹3 Lakh loan on an Aadhar card?

You can’t get a loan on an Aadhar card. Anyone who tells you that you can is misleading. Be aware of such false claims.

Am I eligible for MoneyTap's ₹3 Lakh personal loan?

Any self-employed or salaried individual with a required credit score and a regular income of a minimum ₹ 20,000 is eligible for MoneyTap’s ₹3 Lakh personal loan.

How long does it take to get approved for a ₹3 Lakh loan from MoneyTap?

It takes only a few minutes to get approved for a ₹3 Lakh loan from MoneyTap. The amount gets disbursed within a few days following the final verification.

Find our social channels

Quick Links

Reach Us

Download the app

Get it on playstore

Get it on appstore

But…Why Would You Need ₹3 Lakh loan?

Debt Consolidation

Education

Business

Paying a Down Payment for Another Loan

Wedding Expenses

Exotic Vacation

Home Renovation

Medical Expenses

Debt Consolidation

Education

Business

Paying a Down Payment for Another Loan

Wedding Expenses

Exotic Vacation

Home Renovation

Medical Expenses

Features and Benefits of Instant ₹3 Lakh Loan From MoneyTap

Get Instant Approval

Customized Borrowing

Affordable Interest Rate

Works as a Credit Card

Flexible Repayments

Online Easy Transactions

Process to Apply for MoneyTap's ₹3 Lakh Personal Loan

Step 1

Step 2

Step 3

Download MoneyTap App & register

KYC documentation

Transfer Money to your Bank

1 Step 1 Download MoneyTap App & register

2 Step 2 KYC documentation

3 Step 3 Transfer Money to your Bank

Eligibility Criteria

Required Documents

Interest Charged by MoneyTap for a ₹3 Lakh Personal Loan

Loan EMI

Total Interest Payable

Total Payment (Principal + Interest)

Someone like you is happy with MoneyTap

Navjyoti

Navjyoti

Julen

The best feature on the app is instant feedback. You say "thank you" and it replies "welcome" - its' all done by the app. I have not seen this kind of intelligence in any other app. Absolutely love it.

Julen

N Cavin Misao

I was short of Rs. 30,000 for the down payment on my car. I used MoneyTap and got the money immediately. Thank you.

N Cavin Misao

Get the app for a seamless application process

Our journey so far

1.1M

252K

5

10M+

Different Ways to Use MoneyTap Personal Loan 2.0

Marriage Loan

Travel Loan

Medical Loan

Education Loan

Used Car Loan

Two-Wheeler Loan

Laptop Loan

Mobile Loan

Home Renovation Loan

Consumer Durable Loan

Debt Consolidation Loan

Used Two-Wheeler Loan

MoneyTap's Personal Loan is Now Available Across India

FAQs

Find our social channels

Quick Links

Reach Us

Download the app

MoneyTap's Personal Loan is
Now Available Across India