Need 30,000 Rupees Loan Urgently In a Day

i need 30000 rupees loan urgently

Life is unpredictable, and it often presents challenges when we least expect them. Imagine you’re going about your day, and suddenly, you’re hit with an unexpected expense that shakes your financial stability. It could be a hefty medical bill following an unforeseen health emergency, the sudden breakdown of your car on a busy day, or a pressing household repair that just can’t wait. These situations don’t just cause stress; they put us in a position where we need a significant amount of money—say, Rs. 30,000—urgently to resolve the issue at hand, and that is when we search “I need 30,000 rupees loan urgently”. But let us tell you, the key is finding the right solution, not just the quickest one. This blog aims to be your guide to getting an instant loan in India but a responsible and smart way. We’ll cover everything from understanding your needs to choosing the best lender, ensuring you get the help you need without getting caught in financial quicksand.

personal loan

Before diving in, it’s crucial to identify the purpose of your urgent need. Is it a medical emergency, unexpected car repair, or an essential household expense? Knowing the reason helps you choose the most suitable loan product.

Also, Read: I Need 50000 Rupees Loan Urgently

Pupose of a 30,000 Rupees Loan Urgently:

1. Health Emergencies:

To cover sudden healthcare costs due to illness or accidents, given the high costs and variable insurance coverage.

2. Educational Fees:

For immediate payment of tuition, books, and related expenses to ensure uninterrupted higher education or vocational training.

3. Farming Expenses:

To finance immediate agricultural expenses like seeds, fertilizers, equipment repairs, or hiring labor during peak seasons.

4. Small Business Needs:

To address quick investment opportunities or operational costs for small businesses or entrepreneurs, such as inventory purchase or equipment investment.

Also Read: I Need 1000 Rupees Loan Urgently

Features and Benefits of 30,000 Personal Loan Urgently:

1. No Need for Security: You don’t have to offer anything you own as a guarantee for a 30,000 rupees loan. They decide if you can have the loan based on what you earn, your loan history, and other details.

2. Affordable Interest: You can borrow 30,000 rupees with interest rates that could be as low as 11% every year. Check and compare what different lenders offer to find the most suitable one for you.

3. Choose your Payment Plan: Pick a loan repayment schedule that works with your financial situation. Payments can be spread from 3 to 60 months, and you can pay off the loan early without extra fees.

4. Straightforward Online Application: Get a 30,000 rupees loan online quickly by filling out a form and uploading some documents, and you don’t have to go to a bank or meet with anyone. You can ask for a loan from anywhere, anytime.

5. Quick to Get the Money: The loan money can be put into your bank account really quickly, sometimes within hours, but it can vary based on how long it takes to check your details and the rules of the loan provider. You can use the money as soon as it’s in your account.

Personal Loan Categories

Personal loans can be categorized based on the loan amount and repayment period, or tenure. Here’s a quick guide to help you choose the right type for your needs:

1. Long-term Loan:

  • Tenure: 12 to 60 months, sometimes up to 72 months.
  • Amount: Rs. 1,00,000 to Rs. 30,00,000.
  • Purpose: Ideal for significant financial needs, such as home renovations or major purchases.
  • Interest Rates: Generally lower due to the larger loan amounts and extended repayment period.

2. Short-term Loan:

  • Tenure: 3 to 12 months.
  • Amount: Rs. 20,000 to Rs. 1,00,000.
  • Purpose: Perfect for smaller financial needs, such as medical emergencies or minor home repairs.
  • Interest Rates: Slightly higher due to the shorter repayment period.

3. Salary Advance Loan:

  • Tenure: A few days up to 3 months.
  • Purpose: Acts as a bridge between paychecks to cover immediate expenses.
  • Interest Rates: Higher, reflecting the ultra-short-term nature of the loan.
  • Choose the loan that best fits your financial needs and repayment ability.

Talking about the interest rate, let us look at the interest rate on a 30,000 rupees loan:

The Interest Rate for a 30,000 Personal Loan

The interest rate of such a loan generally varies from lender to lender. However, you can check our lending partners to know about the rate of interest offered by them:

LENDERAPPLICABLE INTEREST RATE
mPokket0% to 48.0% per annum
CASHe2.50% per month
MoneyTap1.08% per month onward
Fibe24.0% to 30.0% per annum
ICICI Bank10.75% to 19.0% per annum
Bajaj Finance11.0% to 39.0% per annum
HDFC Bank10.50% to 24.0% per ammum
Axis Bank10.49% to 22.0% per annum
Kotak Mahindra Bank10.99% per annum onward
IDFC FIRST Bank10.49% to 36.0% per annum

Now, let us carefully examine the eligibility criteria for a 30,000 loan:

Also Read: I Need 2000 Rupees Loan Urgently

Eligibility Criteria for a 30,000 Instant Personal Loan

1. Age Criteria: To be eligible, applicants should be older than 21 and younger than 60 to seek a 30,000 rupee personal loan.

2. Employment Status: While regular income earners (salaried individuals) are the primary candidates for a 30,000 rupee loan due to their stable earnings, some financiers also provide this loan to self-employed individuals.

3. Earnings Requirement: For employees on a salary, the minimum monthly earnings to qualify typically begin at 14,000 rupees. Self-employed applicants should demonstrate an annual income of at least 5 lakh rupees for loan consideration.

4. Financial History Benchmark: A credit score starting at 700 is generally favored by lenders for loan sanctioning, although loans may still be granted to applicants with lower scores. A superior credit score amplifies the likelihood of loan approval.

The criteria for a 30,000 rupee personal loan, including age, income, and credit history, can differ among financial institutions.

Document Required for a 30,000 Instant Personal Loan

1. Identity Verification:

You’ll need to confirm your identity with a selfie or picture, depending on the lender. This is done online without the need to provide any physical documents.

2. Personal Details:

No uploads or paperwork are needed. Simply provide your PAN and Aadhaar numbers and some basic information to apply for a 30,000 rupee loan.

3. Income Details:

Showing proof of income isn’t mandatory. But, if you want to increase the offered loan amount, you can upload your last four months’ bank statements for a potential increase in your credit limit.

Once you have gathered all the necessary documents, you might be wondering how much monthly amount you will have to pay, for that let us read about EMI offered on these loans:

Also, Read: I Need a 3000 Rupees Loan Urgently

EMI Calculation of 30,000 Instant Personal Loan

An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that the loan is paid off in full over a specified number of years. The EMI can be calculated using the formula:

EMI=P×r×( (1+r)^ n/(1+r) ^n -1 )

where

P is the loan amount or principal,
r is the monthly interest rate (annual interest rate divided by 12 months),
n is the loan tenure in months.

For a loan amount of ₹30,000 with a fixed interest rate of 11% per annum, let’s calculate the EMI for different tenures (in months). Note that the annual interest rate (11%) must be converted to a monthly interest rate for the calculation, which is done by dividing the annual rate by 12.

Tenure in MonthsEMI
65161.64
122651.45
181815.56
241398.24
301148.34

Top Instant 30,000 Rupees Personal Loan Providers Online

The top four instant 30,000 rupees personal loan providers are given below with their key features:

1. MoneyTap:

 MoneyTap offers loans up to ₹5 Lakhs instantly. You can use these loans for various needs like travel, buying gadgets, medical bills, weddings, and education.

  • Loan Amount: ₹3,000 to ₹5 Lakhs, based on your income and ability to repay.
  • Interest Rate: Starts at 1.08% monthly.
  • Repayment: 2 to 36 months.

2. Money View:

Money View provides quick personal loans from ₹5,000 to ₹5 Lakhs for both salaried and self-employed people. The process is fully online, with interest rates starting at 1.33% monthly. You can repay the loan over 3 to 60 months.

  • Loan Amount: ₹5,000 to ₹5 Lakhs.
  • Interest Rate: Starts at 1.33% monthly.
  • Repayment: 3 to 60 months.

3. CASHe:

CASHe offers short-term loans up to ₹4 Lakhs without needing collateral. You can use the loan for any personal need and repay it over 3 months to 1.5 years. The interest rate begins at 2.50% monthly.

  • Loan Amount: ₹1,000 to ₹4 Lakhs.
  • Repayment: 3 to 18 months.
  • Interest Rate: Starts at 2.50% monthly.

4. Fibe:

Fibe offers instant loans from ₹5,000 to ₹5 Lakhs to help manage finances until the next salary.

  • Loan Amount: ₹5,000 to ₹5 Lakhs.
  • Interest Rate: As low as ₹9/day to 30% annually.
  • Repayment: Up to 24 months.

Now, moving on to the main question:

Now, moving on to the main question:

How to Apply for a Instant Personal Loan of Rs. 30,000

Applying for a personal loan of Rs. 30,000 is straightforward:

1. Research: Compare lenders to find the best interest rates and terms.

2. Online Application: Fill out the application form on the lender’s website or app.

3. Upload Documents: Submit the required documents online.

4. Approval and Disbursal: If eligible, the loan is approved, and the amount is disbursed quickly into your bank account.

In case you don’t wanna do the research, you can simply opt for Credmudra, as we find you your right lender in just 3 minutes, so your 30,000 loan is just 3 minutes away from you!

For detailed steps on how to apply through Credmudra, read more!

Also, Read: I Need ₹5000 Rupees Loan Urgently: Quick Guide.  

How To Apply for a Personal Loan of Rs 30,000 Through Credmudra?

Step 1: Go to Credmudra’s website and click on “Personal loan,” section.

Apply for Personal loan online

Step 2: Enter your phone number.

Step 2

Step 3: Put in the OTP that must have come on your phone.

Step 3

Step 4: After your number is verified, fill in the basic form with your details, like the loan amount and your PAN card number.

Step 4

Step 5: After filling out the form entirely, click on the submit button.

Step 5

Step 6: Within a few minutes, we will match you with the right lender and ensure a smooth loan amount disbursement process!

An urgent need for Rs. 30,000 can be easily addressed with an instant personal loan, provided you meet the eligibility criteria and have the necessary documents. The process is quick, online, and hassle-free, making it an excellent choice for immediate financial needs. As with any financial decision, be sure to read the terms and conditions carefully and choose a repayment plan that fits your budget to avoid any financial strain.

We hope you found the blog relevant and informative, send us your feedback by commenting down below!

Also, Read: What is Emergency Loan: A Comprehensive Guide

FAQs:

1. How to Get a Loan in 5 Minutes?

Through Credmudra, you can easily get a loan pre-approved in 3 minutes.

2. How can One Obtain Rs. 30,000 Instantly?

Typically, an immediate loan of Rs. 30,000 can often be secured through online lending platforms.

3. Which Financial Institution Offers a Loan of Rs. 30,000?

Several online lending platforms, including Navi, Faircent, PaySense, KreditBee, IIFL, CASHe, Fibe, FlexSalary, Money View, MoneyTap, and others, typically provide short-term personal loans starting from Rs. 20,000.

4. What is the Required Credit Score for Securing a Loan of Rs. 30,000?

For securing a loan amounting to Rs. 30,000, it is generally advisable to have a credit score of 750 or higher.

5. Is it Possible to Obtain an Urgent Loan of Rs. 30,000 without Collateral?

Yes, instant personal loans are typically unsecured, meaning they can be obtained without the need for security or collateral.

Also, Read: Small Cash Loan on Aadhaar Card Without a PAN Card

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