How To Get Rs.30000 Instant Personal Loan Online?

Personal Loans

Need Rs. 30000 loans urgently? Thanks to technology, you can now get Rs. 30000 personal loan instantly by applying online. You can meet many financial requirements such as buying a new gadget, paying medical bills, buying a second hand two-wheeler, etc. All you have to do is have an internet connection and your KYC documents ready. Read on to know what you should do to get Rs.30000 personal loan.

How to Apply for Rs.30000 Loan?

You can apply for an instant Rs. 30,000 loan online by following these steps:

Step 1: Download the Navi app. 

Step 2: Open the app and select the ‘Personal Loan’ option.

Step 3: Next, enter the loan amount (Rs.30,000) and select an EMI amount. 

Step 4: Enter your KYC details – PAN and Aadhaar card numbers.

Step 5: Enter your bank details so that you get the loan amount directly into your bank account.

After reviewing all the documents provided and checking your credit score, your loan amount will be instantly disbursed. 

Features and Benefits of Rs. 30000 Loan at Navi

Here is a list of some key benefits that you will enjoy if you opt for a Navi personal loan:

• Instant approval process– As Navi’s procedure is completely paperless, it offers borrowers quick disbursal. Also, the approval process is hassle-free. Hence, you can avail a personal loan at Navi to deal with financial emergencies.  
• Flexible repayment tenure– When applying for financial assistance via Navi’s mobile application, you can choose a tenure as per your financial abilities. This tenure can range from 3 months to 5 years, thus allowing borrowers to pay their EMIs and fulfil other financial obligations without pressure. 
• No collateral required– If you opt for a personal loan with Navi, you will not have to pledge any of your assets as collateral. So, even without owning a house or car, you can apply for this loan and meet your urgent financial needs. 
• Fulfilling multiple requirements– Unlike various other loans, there are no end-use restrictions on ₹30,000 instant personal loans. You can use the borrowed amount to meet multiple requirements, like buying an affordable appliance or gadget, financing medical expenses, education expenses, etc. 

Also Read: How To Apply For 1 Lakh Instant Personal Loan In India: Check Eligibility, Features & Benefits

Interest Rate and Charges Applicable for a Personal Loan

Typically, most banks offer personal loans with an interest rate ranging from 9.9% to 24% annually. Navi offers personal loans of up to 20 lakhs with interest rates starting at 9.9% p.a. The interest rate is calculated by assessing the following pointers and can change from one lender to another.

• Loan amount requested by the borrower
• Credit score of the borrower
• Repayment duration of the loan

Additionally, here are some charges associated with a personal loan that will have to be paid by the borrower:

• Processing fee: Financial institutions charge a fee for processing the documents submitted by the borrower. 
• Late payment penalties: This fee is imposed on the borrower if he/she misses paying the EMI for a particular month. This can also affect the credit score of the borrower. 
• Prepayment charges: If a borrower wants to pay off his debt or some of his loan amount with a lump sum payment, there can be charges levied by the lender. However, not all lenders follow this rule.  

Eligibility Criteria for a ₹30,000 Personal Loan Online 

To get a personal loan at Navi, you need to be able to meet the following eligibility criteria: 

While availing of an urgent ₹30,000 loan, some of these parameters are not always applicable or might differ with lenders. Yet, you still need to ensure that you meet the bare minimum requirement and have a decent credit score. 

Documents Required To Apply for Rs 30000 Personal Loan

A primary benefit of personal loans is that they require minimal documentation. Before you start applying for a ₹30000 loan online, ensure that you have the following documents with you:

• Identity proof: PAN Card and Aadhaar Card
• Proof of address: Passport, voter ID, driver’s license, ration card, utility bills
• Income proof: Bank account statement, passbook, salary slip
• Passport size photograph 

Some lenders might ask for certain additional documents as well. 

Also Read: How To Get Rs.5 Lakh Personal Loan Instantly: Benefits, Interest Rates And How To Calculate EMI

Final Word

Getting Rs.30000 personal loan online is a hassle-free and convenient process. It requires minimum documentation, and owing to the fast processing time, individuals can get access to funds instantly. That said, while opting for Rs.30000 loan online, you need to consider your financial capacity so that you can pay the EMI without any hassle. 

FAQs on Rs.30000 Personal Loan Online

Before you go…

Looking for instant 🚀 personal loans 24*7 anywhere, anytime? Get personal loans up to ₹20 lakh starting at 9.9% p.a. Install the Navi app now!

Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article. 

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