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    Nagpur Personal Loan

    Nagpur is one of the main cities in Maharashtra and is home to a number of banks and financial institutions offering personal loans at just 10.99% interest. Whether you need funds for further education, wedding arrangements, home renovations or any other personal requirements, personal loans in Nagpur can help you meet your immediate expenses with ease. Tenures extend up to five years and the maximum amount you can borrow is Rs.30 lakh!
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    We found 33 Nagpur Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
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    Nagpur Personal Loan is Rated as "Great!" by 405 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Nagpur is a large metropolis in the state of Maharashtra that serves as the winter capital of the state. It has been nominated as one of the best cities to live in India. The city has a population of 25 lakhs. The city is famous for the oranges grown here.

    If you are looking for a personal loan for any of your personal reasons, be it wedding arrangements, education plans, home renovation, purchase of consumer durable goods, purchase of two-wheelers, or any other reason; you can apply for one easily in the city of Nagpur.

    The city has several lenders that offer personal loans at attractive rates of interest. You can choose any one of them after performing a thorough check regarding each loan provider’s loan deals.

    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 27 May 2019

    Nagpur Personal Loan Details
    Interest Rate (Monthly reducing balance) 10.99% to 24% p.a.
    Processing Fees Up to 2.5% of the loan amount
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loans offered by Various Lenders in Nagpur

    A few of the top lenders that offer personal loans in the city of Nagpur include:

    • State Bank of India (SBI)
    • IndusInd Bank
    • Syndicate Bank
    • Bank of Maharashtra
    • Corporation Bank
    • Fullerton India
    • Bank of Punjab
    • UCO Bank
    • Kotak Mahindra Bank
    • Oriental Bank of Commerce
    • The Bank of Rajasthan
    • Indian Overseas Bank
    • ING Vysya Bank
    • Dena Bank
    • Deutsche Bank
    • Tata Capital
    • Citibank
    • Andhra Bank
    • IDBI Bank
    • Punjab National Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Bajaj Finserv

    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.

    Most importantly, you must compare different personal loan options before you finalise on one. You must certainly check out the rates of interest for each loan option and then select one that suits your preferences and requirements. Checking online is the best way to compare and contrast interest rates for loans. It is free of cost and you can do this while sitting on your bed at home or while sitting at your office desk, or even while commuting to your favourite coffee shop! This step will help you have a smooth borrowing process throughout your tenure as this step will enable you to make a fool-proof decision.

    If you know that your employer has partnered with any bank or non-banking financial company (NBFC) for loans and other financial products, you should most certainly approach this lender. When you choose this lender, you may be fortunate enough to receive special rates of interest for your personal loan. Moreover, you may be able to enjoy some additional discounts and other benefits too!

    Personal Loan Interest Rates in Nagpur 2018

    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 10.99% p.a. to 22% p.a.
    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 10.99% to 24% p.a.
    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 11.20% to 11.45% p.a.
    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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    Nagpur Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I availed bank bazaar service for first time, i am very happy with their service, they use to response me well , their agent suggest me the best bank to applied for , i came to know about their service through promotional mail, the process was done quick so far i have no issue.
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 25, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for my personal loan with HDFC bank recently, the loan amount which they have given to me was sufficient i have applied for 3,70,000 as loan , the process was fast , there was no issue in documentation, the rate of interest they have charged me up to 16% which was nominal,they have not charged me processing fee. Their overall service is good.
      Was this review helpful? 1
      , nagpur
      Reviewed on Apr 25, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I took one more personal loan from HDFC bank , and their customer service is good and response is also good , my loan amount is 1.50L and EMI amount is 3500K and rate of interest is 14% and tenure is 5 years ,little high rate of interest , last three month I have taken this loan,
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 16, 2019
    • Tata capital Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I took one personal loan from TATA capital , and my experience was not good with this loan , my loan amount was only 40K and tenure was 15 month and EMI amount was 3500k ,and rate of interest was 24% was to high , I was not happy with this loan last two month back I closed that loan,
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 16, 2019
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I checked my credit score free from my mobile application last five years I know the bank bazaar ,through application and i have been using mobile application easy to access , and their customer service is good and response is also good, I am happy with this service,
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 16, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I did not take personal loan from HDFC BANK because I arranged another way some amount but if I had gone with them they would have provided me required loan amount. The rate of interest was also nominal even their customer service and response was good.
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 16, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through online .This is a user friendly website and easy to use .This website is giving all the information about the financial products .There was no issues faced on using the website .The Overall Service is Good and Satisfactory.
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 08, 2019
    • Tata capital Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for Tata Capital LTD Personal Loan and have not faced any issues.The agent clearly explained the process of the loan .The rate of interest and the processing fee was nominal .The loan amount got sanctioned on time .The Loan amount was sufficient as well .There was no difficlties faced while submitting the documents as well .The Overall Service is Good and Convenient .
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 08, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I took personal loan directly through bank,the loan amount which they have given me was sufficient they have given me up to 1,03,000 which was sufficient,but they have charged me high rate of interest they have charged me up to 17.15% which i felt too high,i need this loan for emergency purpose so i did not check for the rate of interest,and the processing fee they have charged me was high,they have charged me up to 3,000,now i have closed this loan successfully.
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 06, 2019
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I started availing bank bazaar service for first time,i came to know about them through on line ,as i was suffering in net about the financial products,and i have downloaded mobile application , it is easy to access,the best thing in their service i like most is that they response well to my query.
      Was this review helpful? 0
      , nagpur
      Reviewed on Apr 06, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through Advertisement as well as through Online .Then got an idea to check Credit Score.Then tried to apply for Tata Capital Personal Loan.Tata Capital Offered high rate of interest and also the processing fee was high as well hence dropped the plan of taking Tata Capital Personal Loan .Other than that not yet faced any difficulties .The Overall Service is Good to me.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 25, 2019
    • Tata capital Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have selected Tata capital Personal Loan since i have got the offer only for Tata Capital .The agent gave clear picture about the personal loan.No difficulties faced till now on applying the personal Loan.The rate of interest and the processing fee was high as well.Not taken the personal due to high rate of interest only.The Overall Service is Good .
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 25, 2019
    • HDFC Bank Personal Loan
      "Good service is good "
      0.5 4.0/5 "Great!"
      I took my personal loan from the HDFC BANK . The Application easy and hassle free. I applied it online , the application process and the documentation was done easy which was much more convenient. Their interest rate was also nominal . I applied for 3.6 lakh but got 2.25 lakh .
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 10, 2019
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with HDFC Bank. The customer support is good and they were on time to contact me and process the loan. The team was helpful to me. The rate of interest is around 12% and there was a processing fee too. Till date it has been a hassle free process.
      Was this review helpful? 1
      , nagpur
      Reviewed on Mar 09, 2019
    • Bank Bazaar Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      The customer services are good and they are responsive at Bankbazaar. They contacted me on time and informed me the details. They are immediate in the response. The website is also good and it is easy to use and understand and place a request.
      Was this review helpful? 1
      , nagpur
      Reviewed on Mar 09, 2019
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan from Tata Capital. The customer support is good and they are responsive as well. The rate of interest is of 12% and the processing fee is around 3K. I have taken a loan amount of two lakhs. The process to get the loan is of 15 days.
      Was this review helpful? 1
      , nagpur
      Reviewed on Mar 09, 2019
    • Axis Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the personal loan with the AXIS BANK and i have been using the loan for 1.5 years. I have done the balance transfer with tis bank to another bank because the rate of interest was higher also the loan amount is very good with this bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 05, 2019
    • Bank Bazaar Personal Loan
      "CONVENIENT PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      It is the first time experience with the Bankbazaar.com and i have a very good experience with this portal. I am using it through the website as the portal is convenient also it is comfortable to use. The customer service is very good and they are helpful.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 05, 2019
    • HDFC Bank Personal Loan
      "BETTER"
      0.5 4.0/5 "Great!"
      The reason for taking the personal loan with the HDFC BANK is because they are offering with the lower rate of interest when compared to the other banks. I got the loan within 3days after the smooth process of documentation. The loan amount is very good.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 05, 2019
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I came to know about bank bazaar service through on line,and i have been using bank bazaar service for first time,and i have been using website ,it is easy to use,and their service is good,but they should bit improve in their service.like they should commit according to the bank.
      Was this review helpful? 1
      , nagpur
      Reviewed on Feb 17, 2019
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