Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Nagpur Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Fees & Charges
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    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
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    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
    11.5% - 13.25% Fixed
    0 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

    • Bajaj Finserv Personal Loan
      "Interest rate should be flexible"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of Bajaj finserv, their interest rate is very high but I like their service is good. I am paying 20% of interest more than principal amount, I am fine with that, because all about the service. I have taken only the amount of Rs.35,000 for the tenure of 30 months.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Its a platform for customer can search for financial product"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good, their mobile application has excellent feature. Within a day I have submitted all the documents. I can check my status through online. But it would great if Bank Bazaar provides some TAT to the customer to inform about the application status, customer need not to wait for a long time.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • Fullerton Personal Loan
      "They have to work on service part"
      0.5 1.0/5 "Really Bad"
      I have not received any updates from Fullerton India what was going on, I keep on checking about my personal loan application status, they was no response. I thought it was under process, finally after a month I came to know my loan application got rejected. Fullerton India should provide time to time update through any kind of communication.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 22, 2017
    • HDFC Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I have closed the personal loan with the HDFC bank and the interest rate was an average one on that time. Processing charges were also a nominal one and there was no annual charges. They have disbursed the loan amount within a month of time.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I would like to say Bankbazaar.com is doing the process in the faster way, also the response is really great one. Customer service is good one with the Bankbazaar.com and am using it from the last six to seven months of time, also I am happy with them till now.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 21, 2017
    • HDFC Bank Personal Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      Interest rate with the HDFC bank was nominal one for the personal loan. The loan amount got disbursed to my account within seven days of time. Services and other aspects are good one with the HDFC bank, also the processing charges were nominal one.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 21, 2017
    • HDFC Bank Personal Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      Initially I applied for the car loan with HDFC bank for a particular car model. But later I have decided to go for Nissan for which I got minimum rate of interest from other bank so I did not proceed my car loan with HDFC. Otherwise I do not have any issues with the bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 21, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I already got the personal loan with other bank so that was reason I can't proceed with the ICICI bank. Within the time ICICI process my personal loan I got the loan approved and disbursed with other bank . The rate of interest is high with ICICI bank, when compared with others. The customer service with ICICI bank is good.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 20, 2017
    • HDFC Bank Personal Loan
      "Quick Loan"
      0.5 5.0/5 "Blown Away!"
      I am currently working with HDFC group, they are seriously doing good job. On my personal loan process, my documentation process was very hassle free. I submitted only pan card, Aadhar card and one photo. Before the disbursement I have submitted only one cancellation cheque.HDFC processed the loan within 72 hours, their interest rate was normal and their processing fee is also same like as other banks.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "One stop solution for loan"
      0.5 5.0/5 "Blown Away!"
      The response is very good in Bank Bazaar, when I applied for the personal loan, I got a call from Bank Bazaar within 24 hours, I felt overall service is really appreciable. The website is good, its very friendly to use. But there should be improvement needed on the document upload option and it would be better if they improve their server.
      Was this review helpful? 1
      , nagpur
      Reviewed on Jun 16, 2017
    • ICICI Bank Personal Loan
      "Interest rate should be flexible"
      0.5 4.0/5 "Great!"
      ICICI interest rate was high, it was my top up loan, Earlier I was the loan amount around Rs.2 lakhs, at that time they have offered me 16% of interest it was higher side, then I was expected some reverted interest rate for top up loan, but again they processed with the same interest.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 16, 2017
    • HDFC Bank Personal Loan
      "Average "
      0.5 3.0/5 "Satisfactory"
      Rate of interest was around 16% for the personal loan with the HDFC bank and the customer service was good one. The loan amount got disbursed within three days of time, also the response is good one with them. The processing charges were around 12000 Rupees.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 02, 2017
    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      ICICI bank was very concerned about my personal loan application and they provided an excellent service for the same. It was easy to take the loan from ICICI bank without any constrains. I am ok with their rate of interest and their customer service is good.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 16, 2017
    • HDFC Bank Personal Loan
      "Average Experience"
      0.5 3.0/5 "Satisfactory"
      I had taken the personal loan from HDFC of Rs.3 Lakhs with the rate of interest of15% for the tenure five years. Then I had done the foreclosure within nine month with extra charges of Rs.9000, their charges were very high and still I haven't received the NOC from the bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 05, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar is the best web site, which helps to choose the financial products. It would be great, bank bazaar interest rates matches with the bank. Bank bazaar provides very good response and I got a call immediately after giving my details in web site. The web portal is also very easy to use.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 27, 2017
    • ICICI Bank Personal Loan
      "Need to be focused on the Rate of interest "
      0.5 3.0/5 "Satisfactory"
      The rate of interest is very high with ICICI, when compared with other banks. ICICI need to be focused on co-operation with their customers. The ICICI service is really good. It would be great if they reduce the rate of interest and fee and charges in future.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 27, 2017
    • Bank Bazaar Customer Support
      "It made my work simple"
      0.5 4.5/5 "Excellent!"
      It was really a wonderful expereince with Bankbazaar. I got complete response on my loan application. Usually, I use to approach the bank directly or by third party, but this time I visited bankbazaar site for my financial service. It is only because of the bankbazaar, my work was done without any difficulties and all credit goes to bankbazaar.
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 07, 2017
    • ICICI Bank Personal Loan
      "No challenges"
      0.5 4.0/5 "Great!"
      There was no challenge in banking with ICICI. Recently, I got a personal loan from ICICI bank. The interest rate was normal. But there were time delay in terms of collecting the documents. I got a call from the bank stating that they will send a executive to collect the documents, but no one has come for 2-3 days, hence I complained this to online service provider and got my documents collected.
      Was this review helpful? 1
      , nagpur
      Reviewed on Mar 07, 2017
    • Bank Bazaar Customer Support
      "Easiest way to get loan "
      0.5 5.0/5 "Blown Away!"
      Now I don.t want to worry about interest rate of banks Bank bazaar give me opportunity to choose my loan amount with lowest to highest interest rate So I would like to thanks bank bazaar . For easiest and faster way for loan with any confusion.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 20, 2017
    • Bank Bazaar Customer Support
      "Good Website"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good website, It is more interactive. website information are very useful.They has provide good customer service, they was followup my application and given the updates. I wish to Bank Bazaar confirming the interest rate with their Bank partners.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 03, 2017
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    Nagpur Personal Loan is Rated as "Great!" by 311 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Personal Loan BYTES FROM OUR KITCHEN

    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 22 Jun 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

    Personal Loan in Nagpur

    Nagpur in Maharashtra is a city where the majority of residents 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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