Apply ₹30,000 Personal Loan Online with Quick Approval

A personal loan of ₹30,000 is commonly used for small, time-sensitive expenses. Since the loan amount is less, lenders usually keep the process simple, with faster approvals and shorter tenures. ₹30,000 personal loan interest rates vary based on credit profile and income stability. EMIs remain modest due to the low principal involved. Most lenders rely on basic income checks and repayment capacity rather than extensive documentation, making this loan accessible for routine financial gaps.

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End-user (customer)hereby consents to Loantap financial technology being appointed as your authorized representative to receive your Credit Information from Equifax on an ongoing basis until the purpose of Credit Risk Assessment. is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.

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Written By
Abigail Simmons
Abigail Simmons
Driven by a curiosity for how everyday decisions shape our financial journeys, Abigail turns complex money matters into clear, engaging stories. She helps readers understand financial trends, whether it’s credit, loans, or smart money habits. When she is not decoding RBI updates or tracking industry shifts, she’ll be comparing savings hacks or just taking a long walk.
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Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 21 January 2026

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What Is a ₹30,000 Personal Loan?

A ₹30,000 personal loan is an unsecured borrowing option meant for short-term financial needs. Since no collateral is involved, the focus stays on basic eligibility factors such as income stability and credit behaviour rather than asset backing.

This personal loan amount is commonly used for expenses that cannot be delayed, such as

  • medical bills,
  • minor home fixes,
  • education-related payments, or
  • temporary cash gaps.

With a lower principal, lenders usually offer shorter repayment periods, keeping the commitment limited and manageable.

What are the Features of a ₹30,000 Personal Loan?

The ₹30,000 personal loan is a small-ticket, unsecured borrowing option designed for quick access to funds with simple repayment and minimal documentation.

Feature Description
No restrictions on usage Funds can be used freely without declaring or justifying the purpose.
Unsecured by design No property, gold, or third-party guarantee is required.
Predictable repayment structure Fixed EMIs help keep monthly budgeting straightforward.
Flexible tenure options Repayment periods can be chosen based on income comfort.
Faster loan processing Digital checks and limited paperwork reduce approval time.
Charges disclosed upfront Applicable fees are shared clearly before loan acceptance.

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What Are the Interest Rates and Charges for a ₹30,000 Loan?

Interest rates on a personal loan of ₹30,000 vary based on lender policies and borrower profiles. In most cases, rates start from competitive levels and are influenced by credit score, income consistency, and employment stability.

Interest rates, charges, and eligibility may vary by lender and applicant profile. Common charges involved are:

  • Interest Rate: Calculated on the sanctioned loan amount
  • Processing Fee: Typically ranges from 0.5% to 2.5% of the loan amount
  • Late Payment Charges: Applied if EMIs are not paid on time
  • Prepayment or Foreclosure Charges: Usually between 2% and 5% of the outstanding balance, depending on lender terms

Comparison of Interest Rates Offered by Banks for ₹30,000 Personal Loans

Personal loan interest rates differ across banks and NBFCs depending on internal credit assessment models. Below is an indicative comparison:

Bank / NBFC Interest Rate (p.a.)
Bank of India 9.10% onwards
Axis Bank 10.49% onwards
IDFC First Bank 10.49% onwards
IndusInd Bank 10.49% onwards
HDFC Bank 10.50% onwards
ICICI Bank 10.50% onwards
Bank of Baroda 10.90% onwards
Kotak Mahindra Bank 10.99% onwards
Bajaj Finserv 11.00% onwards
State Bank of India 11.05% onwards
Punjab National Bank 11.40% onwards
Canara Bank 13.00% onwards

Disclaimer: Rates are indicative and subject to change.

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Who Is Eligible for a ₹30,000 Personal Loan?

Eligibility requirements for a ₹30,000 personal loan are generally straightforward. Most lenders look for basic income stability and a reasonable credit profile.

  • Age: 21 to 60 years
  • Employment Status: Salaried or self-employed with stable income
  • Monthly Income: ₹20,000 or above
  • Credit Score: 700 or higher
  • Work Experience: At least 1-2 years of employment continuity
  • Nationality: Indian citizen

What Factors do Lenders Consider for a ₹30,000 Personal Loan

Before approving a personal loan of ₹30,000, lenders assess:

  • Credit Score: Reflects repayment discipline and credit behaviour
  • Debt-to-Income Ratio: Lower ratios indicate better repayment capacity
  • Income Stability: Consistent income builds lender confidence
  • Employment History: Continuity reduces perceived risk
  • Documentation Accuracy: Complete and correct documents speed up approval
  • Co-applicant (if any): Can strengthen eligibility in certain cases

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What Documents Are Required for a ₹30,000 Loan?

Document requirements are minimal and primarily used to verify identity, income, and repayment capacity.

  • Identity Proof: Aadhaar card, PAN card, passport, voter ID, or driving licence
  • Address Proof: Aadhaar card, passport, utility bill, or ration card
  • Income Proof: Salary slips, bank statements, Form 16, or income tax returns
  • Employment Proof: Appointment letter or employment ID (where applicable)
  • Bank Statements: Last 3 to 6 months
  • Photographs: Passport-sized photos, if required

How to Apply for a ₹30,000 Personal Loan Online?

The application process for a personal loan of ₹30,000 is simple and largely digital:

  1. Visit the Urban Money website
  2. Select the personal loan option
  3. Compare lenders based on interest rates and eligibility
  4. Choose a suitable lender and submit basic details
  5. Complete verification using OTP and required documents
  6. Await confirmation and disbursal. Approval timelines are usually short for this loan amount.

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What Are the Repayment Tenure Options for a ₹30,000 Personal Loan?

Tenures for a ₹30,000 personal loan generally range from 12 months to 60 months, depending on the lender.

Tenure Option Impact on Repayment
Shorter tenure (1-2 years) Higher EMIs but lower total interest. The loan closes sooner.
Longer tenure (3-5 years) Lower EMIs that ease monthly cash flow, but the interest paid is higher overall.

The choice of tenure depends on income comfort and repayment priorities.

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Frequently Asked Question (FAQs)

What is a ₹30,000 personal loan?

The 30k personal loan is an unsecured loan offering short-term financial support without collateral.

Is collateral required for a ₹30,000 loan?

No. Personal loans of 30k are unsecured and do not require collateral.

How quickly is the personal loan of ₹30,000 disbursed?

Disbursement of a personal loan of ₹30,000 is often completed within 1 to 2 working days after approval.

Can a personal loan of ₹30,000 be prepaid?

Most lenders allow prepayment for a personal loan of ₹30,000, though charges may apply.

What credit score is required for a ₹30,000 personal loan?

A score of 700 or above is generally preferred to get a ₹30,000 personal loan.

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