Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Nagpur Personal Loan
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    Interest Rate Range
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    Tenure Range
    10.99% - 17.99%
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    30L Max
    1-5 Years
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    11.50% - 14.50% Fixed
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    1-5 years
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
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  • Nagpur Personal Loan is Rated as "Great!" by 373 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Nagpur Personal Loan

    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.


    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 Nov 2018

    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
    Apply for Personal Loan

    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.


    Nagpur Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Prompt and responsible website"
      0.5 5.0/5 "Blown Away!"
      Its very punctuality and its time saving, totally its a paper less approval. Through Bank Bazaar I have taken persona loan with HDFC without any hassles. I recently started using Bank Bazaar, the approachable is good. I got prompt response.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I was expected the lesser interest rate but HDFC bank have quoted the interest around 10.9% for personal loan. The process was paper less but for approval they taken some time to disburse the amount. I am entirely happy about the service of HDFC bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 12, 2018
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL"
      0.5 5.0/5 "Blown Away!"
      It is my first time experience with the Bank bazaar where the customer support is good also i am satisfied with the Bank bazaar services. I am using it through the website it is informative portal also added on that it is easy and hassle free portal to use.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 11, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      There is no any particular reason for taking the personal loan with the HDFC BANK but the process is delay it took 15 days to get the personal loan. The documentation process done through online.The customer service is good also the loan amount is sufficient on the other hand the rate of interest is good with this bank.
      Was this review helpful? 2
      , nagpur
      Reviewed on Nov 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My experience is good with bank bazaar. I have been using the bank bazaar for past one year. I known through advertisement and received email. Already I have taken a product which am satisfied. It is useful to check my credit score. Their mobile app is customer friendly.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 03, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The personal loan was processed within 1.5 days and the amount was credited into my account in a short span. The customer service is good in HDFC. I have opt the loan for 36months with 14% interest rate , 1% is more when compared to other banks. The payment is auto debit, they will deduct 3K every month.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 03, 2018
    • HDFC Bank Personal Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 4.5 lacs with high interest rate when compared to others. Customer service was good with HDFC bank and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 3
      , nagpur
      Reviewed on Oct 30, 2018
    • Bank Bazaar Personal Loan
      "Excellent platform"
      0.5 5.0/5 "Blown Away!"
      It is a good experience with Bankbazaar. The response is very fast and it has a good platform to compare and chose what suits the needs like tenure and flexibility too. There are number of options at one page. I suggest that once the application moves to the banks. There should not have any communication gap instead, they could coordinate more and the updates should match with that of the bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Tata Capital. The overall experience is excellent but there was a little delay. I am not sure on the exact rate of interest offered, but it is a good deal. I was told that there would be a fee of 450 for the part payment interest which is okay. But there was 600 more deducted for which I did not get the receipt. I do not mind the deduction but there should be some clarity in it.
      Was this review helpful? 0
      , nagpur
      Reviewed on Sep 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      BANK BAZAAR is a good platform for all the financial products. The customer service and responses was very nice. I have applied through the website which is very user friendly and easy to access. My overall experience which I had with bankbazaar was really good.
      Was this review helpful? 3
      , nagpur
      Reviewed on Aug 14, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC Bank. The customer service and responses was very good. The loan amount was 6 lakhs and the interest rate was satisfactory . The tenure period was 4 years . I am satisfied with the service and responses was good. The documentation was very good and smooth. The processing fee was nominal.
      Was this review helpful? 5
      , nagpur
      Reviewed on Aug 14, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I know bank bazaar for the past 2 months. The customer support service is good with the bank bazaar team. I use the bank bazaar mobile application while applying for the personal loan which is easy to use and user friendly. The user interface is good from the bank bazaar .
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 23, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and the charges were high with the HDFC bank. The promised interest rate was not approved. The loan got disbursed within a 25days of time. The customer support service is good with the HDFC bank. and they gave me good response .
      Was this review helpful? 0
      , nagpur
      Reviewed on Mar 23, 2018
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The rate of interest is quite high with the ICICI bank personal loan service. Around 3 years ago, I have got the personal loan from the ICICI bank. The customer support service is good with the ICICI bank and they gave me better response in regards to my personal loan disbursement.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 13, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I am using Bankbazaar.com from the last six months of time. I would like to say that the customer service is good one with them. Mobile application of the Bankbazaar.com is easy to access. Everything is good one with the Bankbazaar.com.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 07, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with the HDFC bank and the experience was good one and the rate of interest was around 15%. The loan amount got disbursed within two days of time. Responsiveness and other aspects are really good one with the HDFC bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 07, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service was good and they gave me very good response in regards to my personal loan application. The quick response has been given by the bank bazaar customer support service and I would say I am satisfied with the bank bazaar service.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 05, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was me who postponed the personal loan plan,so that was the reason I haven't got the personal loan from the HDFC bank. The customer support of HDFC bank was good and they gave me better response in regards to my personal loan application. The rate of interest was high with the HDFC bank.
      Was this review helpful? 0
      , nagpur
      Reviewed on Feb 05, 2018
    • 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
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