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  • Nashik Personal Loan

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  • One of the largest cities in Maharashtra, Nashik is home to a large number of reputed banks and financial institutions that offer personal loans at competitive terms. Whether you need money for your child’s wedding or a dream vacation, Nashik is home to ICICI Bank, HDFC Bank, Citibank and a variety of others that offer personal loans at interest rates starting from just 10.99%. Compare various lenders and get a personal loan with easy documentations and attractive terms.
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    We found 17 Nasik Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
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    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
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    Fees & Charges
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    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
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    Fees & Charges
    Eligibility Criteria
    10.99% - 15.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
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    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
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    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
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    Perks
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    Nashik is the fourth largest city in the state of Maharashtra and is often called the Wine Capital of the country.. According to recent reports it’s the fourth fastest growing city in the country as well and that’s not difficult to imagine given that the industrial landscape of the city has grown tremendously in the past few years. Nashik has also become home to many big BPO companies that are opening their offices here and offering work opportunities to the youngsters living 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.

    Documentation needed to apply for an Nashik 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

    Nashik Personal Loan Interest RatesUpdated on 21 Oct 2019

    Nashik 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 Nashik

    Located in the northwest part of Maharashtra, Nashik is also known as India’s wine capital and Maharashtra’s garden city. The city is the fourth largest in the state in terms of population, housing over 15 lakh people within its geographical boundaries. A large number of people who live in Nashik form part of the salaried class, and as a result, tend to take personal loans to meet their personal requirements which they otherwise would not be able to afford through their salaries and savings. Some of the most common reasons for the people of Nashik to avail personal loans include home renovation, the purchase of vehicles and/or home appliances, to pay for their weddings and other major ceremonies, etc. The reasons for the people to avail personal loans are aplenty, and due to their need for credit, personal loans have become not only popular, but also the most easily accessible financial product in the city.

    Personal Loans Offered by Various Banks in Nashik

    A large number of private and public sector banks as well as non-banking institutions in Nashik are ready to entertain individuals who seek personal credit. Some of the leading institutions in the city include Citibank, Tata Capital, Kotak Mahindra, HDFC Bank, IDBI Bank, Canara Bank, Standard Chartered, Oriental Bank, IndusInd, State Bank of India, Fullerton, Aditya Birla, Capital First, Allahabad Bank, Bank of India, ICICI Bank, Central Bank, Dena Bank, Bank of Baroda, Indian Bank, Union Bank, Karur Vysya, South Indian Bank, Tamilnad Mercantile Bank, UCO Bank, Indian Overseas Bank, Vijaya Bank, Yes Bank, etc. If you’re seeking personal loans in Nashik, the aforementioned institutions are worth considering as they offer the best terms and conditions in the city.

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

    A few factors require consideration when drafting an application for a personal loan in a manner such that you have access to competitive interest rates. The interest rate applicable to your credit will depend upon the lender from whom you choose to borrow. However, before you try to apply for a personal loan, it is very important to check your creditworthiness. A good credit rating can help you not only avail the amount you require, but will also open the door to availing a relatively low and affordable interest rate. Credit scores that exceed 750 will make it considerably easy for you to get a high amount at a relatively low interest rate. Your credit score is directly proportional to your interest rate in the sense that the higher you’re score, the lower your interest rate and vice-versa. It is also instrumental to carefully assess your financial requirements before drafting an application for a personal loan as borrowing a high amount that you don’t fully need will mean that you will have to deal with paying extra interest. Similarly, borrowing a lower amount and utilising it without meeting your personal requirements will mean that you may end up taking another loan to meet your requirements, thereby paying interest on the second loan as well. Make sure that you have assessed how much money you need as it will help in avoiding unnecessary expenditure towards interest payments.

    Personal Loan Interest Rates in Nashik 2018

    Several major public and private sector banks in Nashik offer personal loans to its residents. Following are the interest rates offered by the top banks for personal loans in Nashik:

    Bank Interest Rate Range
    Citibank 10.99% to 15.99% (Fixed)
    Standard Chartered 11.25% to 14.49% (Fixed)
    Capital First 12% to 18% (Fixed)
    Tata Capital 11.99% to 19.50% (Fixed)
    ICICI Bank 11.59% to 18.49% (Fixed)
    Oriental Bank 10.85% to 11.85% (Floating)
    HDFC Bank 11.49% to 19.8% (Fixed)
    IndusInd Bank 11.99% to 19% (Fixed)
    Fullerton 17.25% to 37% (Fixed)
    Kotak Mahindra 11.49% to 20.15% (Fixed)
    Aditya Birla 11.5% to 13.25% (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)
    Dena Bank 13% to 14% (Fixed)
    IDBI Bank 12.45% (Floating)
    Indian Bank 12.65% to 13.65% (Floating)
    Indian Overseas Bank 13.65% (Fixed)
    Karur Vysya 13.35% to 15.85% (Floating)
    South Indian Bank 13% (Fixed)
    State Bank of India 12.90% to 14.90% (Fixed)
    Tamilnad Mercantile Bank 14.30% to 16.30% (Floating)
    UCO Bank 11.35% to 11.60% (Fixed)
    Union Bank 14.4% (Floating)
    Vijaya Bank 13.50% (Fixed)
    Yes Bank 14% (Fixed)

    Salary Requirements to Avail Personal Loans in Nashik

    Every lender has certain requirements that must be met by individuals who wish to avail a personal loan. Applicants must be either salaried applicants or self-employed individuals and must provide the bank with a proof of income so that the bank can determine whether or not to consider their application. The salaried employees in Nashik are required to earn a monthly salary ranging from Rs.7,500 to Rs.50,000 at least if they wish to take a personal loan. Self-employed individuals on the other hand are expected to provide proof that they earn an income of at least Rs.1 lakh per annum if they are to avail credit.

    Nashik Personal Loan FAQs

    1. How long will the bank take to approve my application for a personal loan?

      The time taken to approve an application for a personal loan will depend from bank to bank. While some banks approve loan applications with 48 hours, some banks take at least a week. Usually a loan application is approved between two and seven working days.

    2. Are there any additional charges associated with a personal loan?

      Yes. Almost all banks charge a processing fee ranging from 2% to 2.5% of the amount you wish to borrow, and the fee is generally deducted from the amount disbursed to you.

    3. How do I repay my personal loan?

      The repayment of personal loans can be done in Equated Monthly Instalments (EMIs) via post-dated cheques favouring the bank from which you have availed the loan. You could also link your debit account to your loan in case you borrow from a bank with which you hold a savings bank account and the amount will be deducted automatically.

    4. Can I get the balance transfer facility in my personal loan?

      It depends on the bank. Some banks offer the balance transfer facility if the customer has paid 12 EMIs. Check with your bank before applying for the loan if they offer the same.

    5. How much money can I borrow through a personal loan?

      The lender will determine the limit you have when it comes to taking a personal loan. A number of factors will be considered before the bank approves your application, but loans up to Rs.5 lakhs are disbursed by most banks.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

        

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    Nasik Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Very quick & ease accessible"
      0.5 4.0/5 "Great!"
      June 2019, I took a personal loan in ICICI BANK. They need an improvement on the customer care connectivity because its not easy to reach them. As for a first time, the interest rate is nominal. The processing fee is included. The loan duration is 4 years.
      Was this review helpful? 1
      , nasik
      Reviewed on Oct 15, 2019
    • HDFC Bank
      HDFC Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      HDFC BANK has quoted me rate of interest 14% and it was nominal when I compared with other financial institution and banking. The processing fee is applicable and they were charged me around 0.5 to 1% from the loan amount. The documentation process was not very smooth and as they did not aware no.of documents which they have required. They have been telling one by one, if it would be one shot my time got reduced and the process will not be delayed.
      Was this review helpful? 1
      , nasik
      Reviewed on Oct 15, 2019
    • Fullerton Personal Loan
      "Need to improve the process"
      0.5 2.0/5 "Expected more"
      I did not get any proper service from Fullerton so have availed the loan from HDFC BANK. I would suggest them to improve the service and to provide a proper followup. They have informed me about the interest rate and asked for documentation after that there was no response on the loan process.
      Was this review helpful? 1
      , nasik
      Reviewed on Oct 15, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied personal loan from HDFC Bank. I did not submit my documents so verification was not done. After the application was submitted I did not get any update from HDFC Bank. Rate of interest was ok and their customer service was very good.
      Was this review helpful? 1
      , nasik
      Reviewed on Oct 14, 2019
    • PaySense Personal Loan
      "Need to provided more loan amount "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with PAYSENSE SERVICES INDIA PRIVATE LIMITED on one month before which was applied through an online. On time I received a call from their end. The loan amount was low given for one lakh only for the tenure period of 2 years. Within 5 days they have sanctioned my loan.
      Was this review helpful? 0
      , nasik
      Reviewed on Oct 10, 2019
    • Fullerton Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Fullerton personal loan, when I had applied the rate of interest was 20%, then when It got approved. They have been informing as23% which was been changed so due to this issue I had change my mind to drooped this application and it got closed.
      Was this review helpful? 1
      , nasik
      Reviewed on Sep 25, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC Bank personal loan through Online .I have not taken this loan since dont have bank statement at that time a and also the rate of interest was high as well .I have got a clear picture about the loan process through the agent and there was good response and callback from bank end .
      Was this review helpful? 0
      , nasik
      Reviewed on Sep 24, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied for personal loan from HDFC Bank. Their rate of interest is nominal. I had submitted my documents online. They had done the verification on time and it was hassle free. HDFC bank customer care executives are very helpful and responsive.
      Was this review helpful? 0
      , nasik
      Reviewed on Sep 24, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC personal loan through online .I have not taken this loan since got the update will come and collect the documents waited for that no one came and collected my documents .There was no issues with rate of interest and the processing fee.I have got the details about the loan process through the agent .
      Was this review helpful? 0
      , nasik
      Reviewed on Sep 24, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I had applied for personal loan from HDFC Bank online. After the application was submitted I have not received any message or call from HDFC Bank regarding the status of my application. I don't know who to contact to have my documents collected. Rate of interest was very high.
      Was this review helpful? 0
      , nasik
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through Home Credit India Finance Private Ltd.The rate of interest and the processing fee was nominal .I have got all the details about the loan process very clearly.I have got the loan amount on time and it was sufficient .I am really satisfied with the overall service.
      Was this review helpful? 1
      , nasik
      Reviewed on Aug 13, 2019
    • HDFC Bank Personal Loan
      "User Friendly"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan which was applied through Online.I have got all the required details about the loan process .I have,I have not faced any issues when applied for this loan and submitted the documents .I have not taken this loan since got the loan from some other source.
      Was this review helpful? 1
      , nasik
      Reviewed on Aug 13, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I applied for personal loan from HDFC Bank. I had received the loan amount on time and amount is sufficient for me. Their rate of interest is very high. HDFC Bank customer service is very good and responsive. Documentation and verification was hassle free.
      Was this review helpful? 1
      , nasik
      Reviewed on Aug 12, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for ICICI Bank Personal loan through Bank.The rate of interest and the processing fee was really high ,The loan process was clearly informed by the agent ,I have applied for loan amount of 1lak for 4 years ,The agent gave all the relevant details about the loan process .I am completely satisfied with the service .
      Was this review helpful? 0
      , nasik
      Reviewed on Jun 21, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank Personal loan through Online .The rate of interest and the processing fee was really high ,The loan process was clearly informed by the agent ,The agent gave all the relevant details about the loan process .I am completely satisfied with the service .
      Was this review helpful? 0
      , nasik
      Reviewed on Jun 21, 2019
    • HDFC Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      The process was on time to get the personal loan from HDFC Bank. The customer support and response is good. The rate of interest is around 13%, but I have not compared the same to rate them on it. The processing fee was around 5000 initially and later I was give a discount and I was charged around 2000. I received the loan as needed.
      Was this review helpful? 0
      , nasik
      Reviewed on Mar 08, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with HDFC bank and it was a good experience, the process was quick and i received my loan amount in 2-3 days. Loan amount was for Rs 5 lacs with nominal interest rate and the tenure period is for 4 years.
      Was this review helpful? 0
      , nasik
      Reviewed on Feb 11, 2019
    • SBI Personal Loan
      "Very bad loan process"
      0.5 1.0/5 "Really Bad"
      I have bought my personal loan from State bank of India. They have given me a loan amount of Rs. 1 lakhs with the tenure period of 1 years which is a less tenure . I need to pay the EMJ of Rs. 14000 every month which is quite touch hence i have done the pre-closure after 3 months for that they have charged me 4% pre-closure charges.
      Was this review helpful? 6
      , nasik
      Reviewed on Feb 04, 2019
    • HDFC Bank Personal Loan
      "They need to improve their processing time."
      0.5 4.0/5 "Great!"
      On the basis of reviews and suggestions, i have selected HDFC for my personal loan. I have applied the loan amount of Rs. 7 lakhs and they have sanctioned the loan amount of Rs. 6.95 lakhs after deducting the processing fee and GST, insurance policies. They have offered me a interest rate of 12% and there is no option to negotiate the interest rate. They have taken two weeks to disburse the loan
      Was this review helpful? 0
      , nasik
      Reviewed on Feb 04, 2019
    • HDFC Bank Personal Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan and at that point i had applied with HDFC bank. My application was considered and it was taken care. There was no delay and there was proper follow up. The interest rates on my loan amount is reasonable. Happy with the services.
      Was this review helpful? 0
      , nasik
      Reviewed on Feb 02, 2019
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