Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Nagpur Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Nagpur Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      For past 3 years I am aware of bank bazaar. Bank bazaar always calls the customer and fulfills the customer requirement and they give better response to the customers. The mobile application and the website of bank bazaar is easy to use and customer friendly.
      Was this review helpful? 0
      , nagpur
      Reviewed on Sep 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The ICICI executives haven't reached me in regards to my personal loan application. They have promised me that they will give me a call back to collect my documents but they never turned up. They have asked me to keep ready with my documents but when I was ready they didn't reached me,The customer service need to be improved with ICICI bank. The rate of interest is nominal with ICICI bank when compared with other banks.
      Was this review helpful? 0
      , nagpur
      Reviewed on Sep 18, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The website of bank bazaar is easy to use and customer friendly. I became customer of bank bazaar 5 months ago.I would like to suggest bank bazaar customer support to collect proper info about the customer before going for any product. Bank bazaar also can have the tie up with the localized cooperatives banks in future.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 30, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have received 3 calls from HDFC executives from 3 different locations they are Nagpur, Pune and from North side. They need to have clarity in their service. They have disbursed the loan within the time limit . The rate of interest is moderate with HDFC bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 30, 2017
    • Bajaj Finserv Personal Loan
      "Smooth Process"
      0.5 5.0/5 "Blown Away!"
      The entire loan process went smooth with Bajaj finserv. The interest rate is 16+% floating. I did not find any challenges or issues for the loan process at Bajaj. Everything was really good and I had received the loan amount without any delay.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 30, 2017
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I have an experience with HDFC bank for my personal loan process.The bank offered the personal loan with the interest rate of 11.4% floating. During the loan process, I had received a good customer service from the bank. Also I got the loan on time.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 30, 2017
    • Bank Bazaar Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      The service was very good from bankbazaar. I had received calls from bankbazaar the time when I had submitted my loan application online. They had submitted my application to the bank without any delays. But it would be good if they check the territory before initiating the process. But I do not have any issues with bankbazaar.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 30, 2017
    • Capital First Personal Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      Though I had received a proper response from Capital First for the personal loan process, their territory is not covering my residential place. So I could not take the loan from Capital First. At the same time, when I had submitted my loan application with Capital, they were responsive.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 30, 2017
    • Bank Bazaar Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good one for me because they have provided the free credit score inquiry, also the user interface is really good one with them. Response provided by Bankbazaar.com is really fine, also am using it from the last two years of time.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 29, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      ICICI bank have cancelled my personal loan application because of some credit reason. Customer service and the response were really good. I would like to go ahead with the ICICI bank in future, if I have met their terms and conditions.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 29, 2017
    • Bank Bazaar Personal Loan
      "Easy submission of application"
      0.5 5.0/5 "Blown Away!"
      Easy to apply.. let us see. Easy way to apply for a loan process. Maximum personal information required, which is to be given. There will not be any misuse . I am sure it would be kept confidential. Fast process, all details detected online and it is very fast.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 14, 2017
    • HDFC Bank Personal Loan
      "Best experience"
      0.5 5.0/5 "Blown Away!"
      I am narrating my experience which I had with HDFC with regards to my personal loan. HDFC had given a good interest rate of 14.5% which is an offer and processing fee is rs 1000 which I am okay with. Its an ongoing loan. I do get correspondence from HDFC for statements which I receive through online.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 08, 2017
    • Bank Bazaar Personal Loan
      "Wonderuful service"
      0.5 5.0/5 "Blown Away!"
      To begin with, I had received a very good service from bankbazaar when I filled the information online. I had received calls from bankbazaar I was updated with all the information pertaining to banks. I like the webportal too. I did get many options for personal loan.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 08, 2017
    • ICICI Bank Personal Loan
      "Simple process but very less amount"
      0.5 5.0/5 "Blown Away!"
      Initially, I had planned to do a balance transfer from ICICI, but finally it got can-celled at the last minute, EMI got bounced because of this issue my credit history got affected . Interest rate is very much reasonable too.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 08, 2017
    • Bank Bazaar Personal Loan
      "Easy to approach"
      0.5 5.0/5 "Blown Away!"
      I got a fair response from Bank Bazaar simultaneously followups too were consistent. The executive are very prompt , they helped on my queries on time. I already known Bank Bazaar, before I approached for the personal loan. They gave me an instant call within a minute for the personal loan product.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 08, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I received my payment when I expected it hence I don't have requirements to take loan from ICICI. Their response part is good, they called me and given the best but lucky I got my payment. Hence I didn't avail ICICI personal loan, even their interest rate and fee is also nominal as per other banks.
      Was this review helpful? 0
      , nagpur
      Reviewed on Aug 08, 2017
    • Bank Bazaar Personal Loan
      "One solution for all financial problems"
      0.5 5.0/5 "Blown Away!"
      The person who is eager to get the loan and running from pillar to post for the help , I would say bank bazaar is the best solution. My brother has introduced me to bank bazaar. I would say I got a very good response from bank bazaar executives. The professionalism is really good with the bank bazaar executives. I have used bank bazaar web site to apply for my personal loan, which was easy to use and customer friendly. I am with bank bazaar for more than a month now.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jul 15, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The ICICI bank representative came to my place to collect the documents and I have told them that I may require the loan in the month august so that was the reason I haven't proceed with the ICICI personal loan. I would say the ICICI bank need to be improved with their quick response. The rate of interest is high with ICICI bank. The ICICI bank management and the banking sector need to be focused a lot.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jul 15, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from HDFC Bank and the I got the loan in a jiffy. The bank has offered me a good deal on the interest rate and they were decent in the charges as well. The paper work is simple and overall I have no issues even for the after loan services.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 23, 2017
    • Bank Bazaar Personal Loan
      "Excellent services & communication"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is excellent in every way of the process. I was contacted on time and they were too good in the communication. The follow up process was supportive and the website is perfect too. In all I had no hassles and I am happy with all the support I received.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 23, 2017
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    Nagpur Personal Loan is Rated as "Great!" by 330 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Nagpur Personal Loan

    The orange city, Nagpur is the commercial and political centre in the state of Maharashtra.One of the fastest growing cities in the country, Nagpur is a tough competition to all the other metropolises, as the city is here to set top global standards. The fact that the city has a literacy rate of 93.3% goes to show the kind of progress that is happening here.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Nagpur Personal Loan if you are

    01
    02
    03
    04
    Nagpur Personal Loan Minimum Age

    At least 21 years old

    Nagpur Personal Loan Maximum Age

    Less than 65 years old

    Nagpur Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Nagpur Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Nagpur Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Nagpur Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Nagpur Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Nagpur Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Nagpur Personal Loan amount by these steps

    01
    02
    Nagpur Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Nagpur

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Nagpur Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Nagpur Personal Loan Interest RatesUpdated on 20 Sep 2017

    Nagpur Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required
    Apply for Personal Loan

    Personal Loan in Nagpur

    Nagresidents belong to the salaried class. Considering this, personal loans are a relatively popular product in the city with many banks offering attractive personal loans to customers to help them fulfill any requirements that are personal in nature. Personal loans are usually taken to pay for services and products which a person may not be able to purchase otherwise solely with their salary and savings. Some of the most common uses of a personal loan include home renovation, arranging a wedding or any family occasion, a medical emergency, payment of your child’s tuition fees, funding a long-awaited vacation, paying off long standing debts, etc.

    Personal Loan Offered by Various Banks in Nagpur

    In Nagpur, there are several leading private and public sector banks and non-banking finance corporations which have branches and offer personal loans to customers. Several banks such as Citibank, ICICI Bank, Axis Bank, Standard Chartered, HDFC Bank, HDB Financial Services (a subsidiary of HDFC Bank), Oriental Bank of Commerce, IndusInd Bank, Kotak Mahindra, Allahabad Bank, Bank of Baroda, Bank of Maharashtra, Bank of India, Canara Bank, Dena Bank, IDBI Bank, State Bank of India, Central Bank, Indian Bank, Indian Overseas Bank, Karur Vyasya Bank, UCO Bank, South Indian Bank, Tamilnad Mercantile Bank, Union Bank, Yes Bank, Vijaya Bank and many more offer personal loans to customers. Also, several NBFCs like Capital First, Tata Capital, Fullerton, Aditya Birla, etc. offer personal loans at attractive rates as well.

    How to Get a Personal Loan with the Lowest Interest Rate in Nagpur

    To get low rates on a personal loan, there are a few things one can keep in mind when scouting for loans. Choose the right lender who offers you loan terms which closely fit your needs. Before applying for the loan, ensure that you have a high credit score (above 750/900), which usually the biggest factor is determining the interest rate a lender charges you. The lower your score, the higher your personal loan interest rate is likely to be. Also, assess your requirements before you apply for the loan and take only the amount that you need and no more. If you do not estimate your requirements, you could end up taking a loan for an amount which is higher than what you need and you will still be required to pay interest on the higher loan amount. If you take a loan for a lower amount than what you need, you might have to end up taking another loan, and then will have to pay interest for that as well.

    Personal Loan Interest Rates in Nagpur 2017

    Several banks offer personal loans to residents of Nagpur. These include many leading public and private sector banks and also non-banking financial corporations as well. Here are the interest rates offered by the top 10 banks offering personal loans in Nagpur.

    Bank Personal Loan Interest Rate
    Citibank 10.99% to 15.99% (fixed)
    Standard Chartered 11.25% to 14.49% (fixed)
    ICICI Bank 11.59% to 18.49% (fixed)
    Oriental Bank of Commerce 10.85% to 11.85% (floating)
    HDFC Bank 11.49% - 19.8% (fixed)
    IndusInd Bank 11.99% to 19% (fixed)
    Kotak Mahindra 11.49% to 20.15% (fixed)
    Allahabad Bank 13.10% (fixed)
    Bank of Baroda 11.35% to 14.35% (fixed)
    Bank of Maharashtra 12.75% (fixed)
    Bank of India 13% to 14% (fixed)
    Canara Bank 12.75% (floating)
    Central Bank 11.4% (floating)
    IDBI Bank 12.45% (floating)
    Indian Bank 12.65% to 13.65% (floating)
    Indian Overseas Bank 13.65% (fixed)
    Yes Bank 14% (fixed)
    Vijaya Bank 13.50% (fixed)
    Union Bank 14.4% (floating)
    UCO Bank 11.35% to 11.60% (fixed)
    Tamilnad Mercantile Bank 14.30% to 16.30% (floating)
    State Bank of India 12.90% to 14.90% (fixed)

    Salary Requirements to Avail Personal Loans in Nagpur

    When it comes to personal loans, the requirements, though overall the same, may differ in bits or parts, from lender to lender. Banks will have a minimum salary requirement for different categories of borrowers like salaried applicants or self-employed applicants.

    • Salaried applicants - Lenders in Nagpur usually require applicants to have a basic salary that ranges between Rs.7,500 to Rs.50,000.
    • Self-employed Applicants - Lenders usually ask self-employed applicants to provide a proof of their income (balance sheet or P/L account). The income requirement for self-employed applicants ranges between Rs.1 lakh to Rs.2 lakh in annual earnings.

    Nagpur Personal Loan FAQs

    1. What is the maximum amount which one can apply for under a personal loan?

      The maximum limit provided under a personal loan will differ from bank to bank. The maximum limit ranges from Rs.5 lakh to Rs.30 lakhs.

    2. What is the processing fee usually charged on personal loans?

      The processing fee charged on a personal loan will differ from bank to bank. However, banks usually charge loan processing fee between the ranges of 0.5% to 2.5% of the total loan amount.

    3. What is the average tenure for which a personal loan can be taken?

      Personal loans are usually available for a tenure that ranges between 1 year to 5 years. Again, like processing fee and minimum income requirement, the loan tenure can also differ from lender to lender.

    4. Do I need to provide a guarantor when applying for a personal loan?

      No, personal loans are unsecured loans which do not require the borrower to give any security or pledge assets to apply for the loan. However, the requirement of a guarantor may differ from lender to lender. Some banks may require you to present a guarantor in order to apply for the loan.

    5. Is prepayment/part payment allowed on personal loans?

      Pre-payment or part payment may not be always allowed on personal loans. Ask your bank about the same before applying for the loan.


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