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% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Eligibility Criteria
    Customer Reviews
    12.99% - 12.99% 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
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + 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
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    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    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
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    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
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    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
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L 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
    11.00% - 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
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
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  • Nagpur Personal Loan is Rated as "Great!" by 355 Users

    Fees & Charges

    Promised Interest Rate

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    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 11 Dec 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.


    Nagpur Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "QUICK SERVICE"
      0.5 3.5/5 "Pretty good"
      Quick response from by first team of bank bazaar that we have processed my loan with the concern bank and documentation team will get in touch with me. first response is good. but now waiting for the team to contact me for further process, Website is very good, user friendly and even a first time user will get information as quickly as frequent visitor.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 24, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar staffs called me on the same day of the application submission date and from their customer service team they were regularly followed up me till I closed my loan application. Bank bazaar's website is good easy to use and user friendly.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 20, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with IndusInd bank. They collected the documents by next day which was a very smooth process and within 3 to 4 working days my personal loan got approved and disbursed. They offered me the loan with 15.5% as rate of interest and the processing fees was 1% plus service tax normal and also part payment is available.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan with HDFC bank, but no one from the HDFC bank visited to my place for collecting the required documents. They offered me the loan with 19.8% as rate of interest which is high and the processing fees was 1 or 2 % plus service tax which is normal. But part payment facility is not there.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 20, 2017
    • Bank Bazaar Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bankbazaar through advertisement, i know bankbazaar.com from last 6 months. The services provided by bankbazaar is good when compared to other sources in the market. The customer service was good and their response was prompt. The mobile application is easy to use and it is user friendly.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 16, 2017
    • ICICI Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was good with ICICI bank, i have taken loan for Rs 50000 with the rate of interest of 14.50% which is best rate in the market. Customer service was good and they responded on time, no need to submit documents as i already hold a savings account with this bank. The process was very smooth and easy, my loan amount was disbursed within 3 days.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 16, 2017
    • HDFC Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from HDFC bank, my loan application was closed because the interest rate and charges are very high when compared to other sources in the market. Customer service from HDFC bank was good and they responded on time. All the information was given correctly by the customer care executive.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 16, 2017
    • HDB Financial Services Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan form HDB financial service.The loan amount is three lakhs,the rate of interest is 16% which is nominal when compared to others.I have taken it for 3 years.The customer service is good and net banking is very much convenient to pay my EMI.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 16, 2017
    • Fullerton Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Fullerton bank.the loan amount is 7lakhs.Rate of interest is 16% is nominal as compared to others.Tenure is for 4 years.They had deducted 1% as processing fees.They were quick in processing the request,the monthly EMI is 21700.
      Was this review helpful? 1
      , nagpur
      Reviewed on Nov 16, 2017
    • Fullerton Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had applied for the personal loan from Fullerton, my loan application was approved and the requested amount was disbursed. The loan amount was for 1.30 lakhs and the rate of interest is way high when compared to others in market. I submitted all documents through broker. The process was very smooth and easy. Foreclosure charges were also applicable.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 13, 2017
    • Bank Bazaar Personal Loan
      "Good financial advisors"
      0.5 5.0/5 "Blown Away!"
      I really appreciate Bank Bazaar, they gave me lot of options on personal loan. The website is very customize all the banks information in one place. You guys have called and guided on the loan process its very satisfactory and its a preferable site always.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 07, 2017
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I don't have any loan experience previously because of that reason my credit score is not upto the mark. HDFC told they unable to provide any loans, Hence I could process with them, but their service is good and offered me 10.99% of interest. As per their norms they have rejected my request.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 07, 2017
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Best experience and services ever received. Prompt response and clean process .Will nominate full ratings for all parameters. Website and app are at their best in camparison to others in digital services. Timely News and knowledge provided about financial sector is very useful. THANKS.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 19, 2017
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The capital first customer support is not up to the mark. The personal loan service need to be improved with capital first. They have just taken 2days to disburse my loan amount. The rate of interest is high with capital first when compared with others. I am satisfied with the loan amount.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The service is good with bank bazaar, because the response and the follow up is excellent with bank bazaar. I am with bank bazaar for past 1 year. The website of bank bazaar is easy to use and user friendly. I am satisfied with bank bazaar service.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 14, 2017
    • Fullerton Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Fullerton personal loan tenure is for 4 years. The rate of interest which they have offered was high when compared with others. The customer service is good with Fullerton and they just taken 4 days to disburse my loan amount. I am satisfied with the loan amount.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 14, 2017
    • HDFC Bank Personal Loan
      "Process is good & swift"
      0.5 4.5/5 "Excellent!"
      My experience with HDFC Bank for the personal loan is good. The application process is convenient and they are quick as well. I had no delay and the disbursement is also perfect. I am also comfortable with the interest rate and processing charges.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar was excellent as they provided me with competent offers and the support was right through the process and it was on time as well. The website is very much supportive. It is easy to navigate through and it works fast to choose the right bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 13, 2017
    • Standard Chartered Bank Personal Loan
      "Deal is good but delay in process"
      0.5 4.5/5 "Excellent!"
      I had no hassles with the disbursement of Standard Chartered Bank. I have taken a personal loan. There was a delay in the process. I got the loan within 20 days. It was a pretty long process. The rate of interest was around 11.25% and the processing charges was zero.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 13, 2017
    • HDFC Bank Personal Loan
      "Quick and fast service"
      0.5 5.0/5 "Blown Away!"
      I have got the loan experience with HDFC bank around 5 months ago. They have disbursed my loan amount within 30minutes of time. The customer service was really excellent. I have applied the loan via phone banking. The required loan amount was provided. The rate of interest is nominal with HDFC bank personal loan.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 10, 2017
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