Looking forward to opting for a 30 lakhs personal loan soon? Read on to find out all the details regarding the 30 lakhs EMI loan calculator at My Fastmudra. Find out your 30 lakh loan EMI for competitive interest rates in India.
Personal loans are provided by banks and financial institutes in India to customers who require monetary support for emergency purposes. Financial emergencies do not take place with a prior warning. Medical situations may arise at any moment and can be quite expensive. You can take a personal loan for your educational expenses or wedding costs or even cover a trip you want to take for some reason.
Several banks and financial institutes offer different personal loan schemes depending on customers’ requirements. Using a 30 lakhs loan EMI calculator will make your instalment calculation easy before applying for a personal loan.
No matter your requirement, a 30 lakhs loan EMI calculator will give you the exact instalment amount you will have to pay during your selected tenure. It will help you make a strategy to manage your finances well during your repayment period.
This article closely covers all the necessary points regarding a personal loan of up to 30 lakh. If you intend to apply for a 30 lakhs personal loan soon, here is all that you need to keep in mind.
Additional Info: Looking for 30 Lakh Home Loan? Check EMI & Apply
Several banks in India provide several personal loan schemes to eligible customers. Make sure you thoroughly go through all the schemes before choosing a loan that suits your affordability and requirements.
Go through the chart to compare the processing fees you will have to pay along with the loan amount and interest rates when you take a loan of 30 lakhs.
| Bank Names | Processing Fees |
| SBI | Nil |
| Axis bank | Around 4999/- |
| RBL bank | Around 3.5% |
| ICICI bank | Around 2.25% of the entire loan amount |
| IDBI bank | Around 1% |
| PNB | Around 1.8% |
| Union Bank of India | Around 0.5% |
| Canara bank | 0.50% |
| IIFL | 2.5% to 4% |
Also, check Personal Loan for Women provided by other banks.
There are two ways to apply for a 30 lakh personal loan. Once you use the 30 lakhs loan EMI calculator and decide which scheme you want to go for, you can either apply for the loan online or visit the nearest branch of your preferred bank to apply for the personal loan.
Additional Info: Looking for 5 Lakh Personal Loan? Check Eligibility & Apply.
Personal loans are meant for emergency situations that may arise without any prior warnings. There are several ways that you can utilise your 30 lakhs personal loan.
Some of the most common ways to spend your 30 lakh loan include:
These are some of the most common reasons people take personal loans from banks. Make sure you are clear regarding why you want to take a personal loan and your requirements before applying for one.
Additional Info: Looking for 10 Lakh Personal Loan? Check Eligibility & Apply.
The best way to calculate your loan EMI before applying for the loan is to use a 30 lakhs loan EMI calculator.
Additional Info: Looking for 3 Lakh Personal Loan? Check Eligibility & Apply.
Before you apply for a personal loan, make sure to go through different loan schemes offered by different banks at the current moment. The tenure you choose plays a huge role in determining your monthly instalments. The interest rate that is applied to you also depends on your tenure, along with your credit history, income, and other details.
| Banks | Interest Rates | EMI for 5 Years | EMI for 10 Years |
| State Bank of India | 10.30% | 64,185/- | 40,145/- |
| ICICI Bank | 10.50% | 10,747/- | 6,325/- |
| HDFC Bank | 11.25% | 10,747/- | 6,325/- |
| Kotak Mahindra Bank | 11.49% | 10,600/- | 6,670/- |
| Bajaj Finserv | 12.99% | 11,400/- | 7,466/- |
| PNB | 8.90% | 10,370/- | 6,320/- |
Additional Info: Looking for 2 Lakh Personal Loan? Check Eligibility & Apply.
