Get an Instant ₹ 3000 Personal Loan Online from MoneyTap

Looking for a ₹3000 loan? There are times when you require a small sum urgently for personal expenses or emergencies. The challenge is that not many banks or financial institutions cater to such small loan amounts. However, obtaining a ₹3000 loan is hassle-free with MoneyTap.

MoneyTap provides unsecured personal loans of up to ₹5 Lakh, issued to you as a personal line of credit. You can withdraw ₹3000 (or any other needed amount) from your approved credit limit and use it as you see fit. What's intriguing is that the interest is applied only to the amount you borrow from the credit line, not on the entire approved limit.

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Why do you need a ₹3000 Personal Loan?

Emergency Medical Expenses

Utility Bill Payments

Education Expenses

Vehicle Repairs

Travel Expenses

Home Repairs

Small Business Needs

Emergency Medical Expenses

Life is unpredictable, and health issues can arise unexpectedly. A 3000-rupee loan can offer immediate financial support to cover urgent medical expenses.

Utility Bill Payments

Temporary financial constraints can sometimes make it challenging to cover utility bills such as electricity or water. A small loan can act as a quick solution to bridge this financial gap.

Education Expenses

Parents often face unforeseen educational expenses for their children, whether it's buying books, stationery, or funding a short-term course. A 3000-rupee loan can provide the necessary financial assistance.

Vehicle Repairs

Unexpected breakdowns or necessary repairs to a two-wheeler or a small vehicle may require a sudden infusion of funds. A 3000-rupee loan can be instrumental in addressing these unforeseen expenses.

Travel Expenses

Whether for personal or professional reasons, unexpected travel can strain finances. A small loan can help cover transportation or accommodation costs during unplanned trips.

Home Repairs

Minor household repairs or maintenance issues can crop up unexpectedly. A 3000 rupees loan offers a convenient solution to address these without disrupting the daily routine.

Small Business Needs

Micro-entrepreneurs or individuals managing small businesses can utilize a 3000 rupees loan to procure essential supplies, supporting the growth and stability of their ventures.

Features and Benefits of Instant Loan of ₹3000 From MoneyTap

Instant Approval

Get Rs 3000 personal loan or up to Rs 5 Lakh approved within 4 minutes through online application and minimum documentation.
Borrow in Parts

Borrow any amount from ₹ 3000 to any amount up to your approved credit limit as many times you want. Pay interest only on the money you borrow.
Save on interests

Enjoy low-interest rates starting at 1.08% per month charged only on the amount you borrow.
Duals Up as a Credit Card

Get a complimentary MoneyTap-RBL Credit Card loaded with features, benefits, and rewards to use your approved credit limit for online & offline purchases and an option to convert your purchases into EMIs.
Flexible Repayments

Choose the repayment schedule that suits your financial affordability. The flexible repayment option ranges from 2-36 months.

Process to Apply for a ₹3000 Loan

It is very easy to apply for a personal loan of ₹3000 from MoneyTap. You can apply for a loan either on our website or by downloading the MoneyTap app.

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 Rates for a ₹3000 Personal Loan

TThe interest rate on your loan depends mainly on your credit score and repayment capacity. With MoneyTap, you get an appealing interest rate ranging from 13% to 18% per annum. Once your ₹ 3000 loan is approved, you'll see the offered interest rate and the monthly EMI for repaying the borrowed amount.

MoneyTap provides a personal loan of up to ₹ 5 Lakh in the form of a personal line of credit. For instance, if you're approved for ₹ 1 Lakh but only need ₹ 3000, you can withdraw the required amount and repay it in manageable EMIs. Importantly, interest applies only to the ₹ 3000 you borrow from your credit line, not the entire credit limit. So, if you don't use any amount from your credit line, no interest will be charged.

Personal Loan EMI Calculator

Loan Amount :

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Interest Rate :

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Tenure :

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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

What factors should you consider before applying for a personal loan?

Some of the factors you should consider before applying for a personal loan are:

Loan amount: Determine how much you need and borrow only what you need
Eligibility criteria: Check whether you meet the eligibility criteria of the lender of your choice.
Documents required: Go through the list of documents needed to apply for the loan and arrange for those before applying for the loan.
Processing time: Check the time required to process the loan to ensure that you get the funds when you need them the most.
Charges, fees, & interest rates: Check out the interest rate and other fees and charges associated with the personal loan.
Annual Percentage Rates (APR): Always compare the APRs of various personal loans offered by different lenders. Low APR brings down the overall cost of borrowing a loan.
Repayment: Check whether you are in a position to repay the loan amount before actually committing to a loan.
Foreclosure policy: Find out if there are any foreclosure charges imposed by the financial institution for prepaying the loan.
Credit history: Make sure you have a credit score that defines you as creditworthy in the eyes of the lenders.

Will I get a ₹3000 instant personal loan if I don't have a bank account?

No, you need to have a bank account to get a personal loan from any bank or NBFC.

Will my EMI be auto-debited from my bank account?

Yes, you can set up an auto-debit system for your monthly payments by visiting the website of our partner bank that has approved your loan application.

How do I get a personal loan of ₹3000 MoneyTap?

In just a few minutes, you can get approved for a personal loan from MoneyTap. The loan application process is 100% online. Just download the MoneyTap app, register online, get pre-approved by submitting your basic personal details, complete e-KYC online, and get the money in your bank account upon approval!

You can also track all your transactions on the app with a single tap.

How long does it take to get approved for a ₹3000 Loan from MoneyTap?

Once you submit your basic details, the loan processing begins. The loan pre-approval status is intimated to you within a few minutes. However, the final approval involves KYC verification that may take a few days more, upon which the loan amount is transferred to your bank account.

What is the best way to contact MoneyTap?

Contact hello@moneytap.com for all your queries and concerns.

Is my data safe with MoneyTap?

Yes, your information is encrypted and safely stored in our access-controlled system that restricted access. Please go through our privacy policy to know more about our secure socket layer.

What if I miss/do not pay on my scheduled personal loan EMIs?

We send you reminders on your app to ensure that you don't miss making your payments. However, if you miss your repayments, your action can have the following implications:

Our partner bank will report the payment default to all the credit bureaus, including CIBIL, Experian, Highmark, and Equifax. This reduces your credit score and can affect your eligibility, approval limit, and interest rate for future loans.
You'll have to pay a late payment fee of 15%, ranging from ₹ 350 to ₹ 1000.
Even after repeated reminders, if you don't repay the loan, the bank may initiate the process of recovery.

So, the best thing you can do for a better financial future is to pay your EMIs on time.

Find our social channels

Quick Links

Reach Us

Download the app

Get it on playstore

Get it on appstore

Why do you need a ₹3000 Personal Loan?

Emergency Medical Expenses

Utility Bill Payments

Education Expenses

Vehicle Repairs

Travel Expenses

Home Repairs

Small Business Needs

Emergency Medical Expenses

Utility Bill Payments

Education Expenses

Vehicle Repairs

Travel Expenses

Home Repairs

Small Business Needs

Features and Benefits of Instant Loan of ₹3000 From MoneyTap

Instant Approval

Borrow in Parts

Save on interests

Duals Up as a Credit Card

Flexible Repayments

Process to Apply for a ₹3000 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 Rates for a ₹3000 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