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    Nashik Personal Loan

    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 33 Nasik 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
    100% PAPERLESS APPROVAL
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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
    100% PAPERLESS APPROVAL
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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
    100% PAPERLESS APPROVAL
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    Nashik Personal Loan is Rated as "Great!" by 215 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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 25 May 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.

        

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    Nasik Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I had no hassles in the process of Bankbazaar. The customer support is good and there are no issues to get connected with the banks. It was a on time process. It would have been better if there were follow up calls. The website is easy to access and place a request.
      Was this review helpful? 0
      , nasik
      Reviewed on Mar 08, 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
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good so far with bankbazaar, they provide good services when compared to others in the market. Customer service was good with bankbazaar and their response was prompt. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , nasik
      Reviewed on Feb 11, 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? 5
      , nasik
      Reviewed on Feb 04, 2019
    • Bank Bazaar Personal Loan
      "Valuable loan market"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar gives full information regrading the loan sanctioning and i can come to know about the loan processing time. They are giving good suggestion when i approach for the personal loan with their interest rates and processing fee. Bankbazaar is a very good website for people. I come to know about this website through media.
      Was this review helpful? 0
      , 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
    • Bank Bazaar Personal Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      With Bank Bazaar i had a good experience and recently i applied for a Personal through Bank Bazaar. My application was considered and it was taken care . There was no delay and things were processed on time. This is the first visit to bank bazaar and i am happy with the overall services
      Was this review helpful? 0
      , nasik
      Reviewed on Feb 02, 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
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      The customer service is so good with bank bazaar. Am using it since 3 years. I use their mobile application which was very convenient to use. The portal is easy to compare with the multiple banks without visiting the banks and process was fast. Lastly dont check my credit score often.
      Was this review helpful? 2
      , nasik
      Reviewed on Feb 01, 2019
    • HDFC Bank Personal Loan
      "Need proper service from the executive"
      0.5 1.0/5 "Really Bad"
      HDFC executive has called me once and informed to come next day to collect the documents but they did not followup and just like that my application has been cancelled which am not happy. The interest rate was 18% for the personal loan which was quite high when compared to other banks since am applying for 5L so I decided to go with that but unfortunately they cancelled my loan.
      Was this review helpful? 4
      , nasik
      Reviewed on Feb 01, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I Came to know about bank bazaar service through on line, i have been applied for first time for my personal loan,the bank bazaar service was excellent,and i have been using website,it is easy to access,there was no technical issue i have been faced yet, overall service was excellent.
      Was this review helpful? 1
      , nasik
      Reviewed on Jan 20, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan with HDFC bank recently,the loan amount they have charged me was sufficient,it is enough for me ,and the rate of interest they have charged me nominal,i donâ??t know exactly how they have charged me it should be in between of 10-13% ,which is nominal compare to market rate,and the processing fee they have charged me was nominal,i got loan on time.
      Was this review helpful? 1
      , nasik
      Reviewed on Jan 20, 2019
    • Bank Bazaar Personal Loan
      "Need to follow up on time"
      0.5 3.0/5 "Satisfactory"
      This was my first time experience with bankbazaar and it was good, the services provided by bankbazaar is good when compared to others. Customer service was good but the follow up was not proper for AGV voucher. The website of bankbazaar is user friendly and easy to use.
      Was this review helpful? 0
      , nasik
      Reviewed on Dec 06, 2018
    • HDFC Bank Personal Loan
      "Need to reduce charges"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience was good with HDFC bank, the process took 10 days to complete. The loan amount was for Rs 50000 with nominal interest rate when compared to others. Customer service was good and they responded on time. Processing fees is high and preclosure charges are applicable.
      Was this review helpful? 0
      , nasik
      Reviewed on Dec 06, 2018
    • Bank Bazaar Personal Loan
      "Convenient Application"
      0.5 3.5/5 "Pretty good"
      The information part is good, the executive shared the details. I approached Bank Bazaar through mobile app its convenient. But I suggest them to give more response after processing the application after one week they forwarded the request.
      Was this review helpful? 0
      , nasik
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Looking for better service and interest rate"
      0.5 3.5/5 "Pretty good"
      I am not satisfied with the customer service of HDFC bank and there is no proper response on the personal loan process. They have taken 28 days to disbursement the amount and also other bank is providing 11.33% but HDFC quoted the interest around of 12% on loan disbursement.
      Was this review helpful? 0
      , nasik
      Reviewed on Nov 12, 2018
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 2.5/5 "Just OK"
      Through online service i come to know about the bankbazaar website. This is the 1st time I'm using bankbazaar. The customer care service is good and they are really helpful to choose the best product over there. I'm not a frequent user of bankbazaar.
      Was this review helpful? 0
      , nasik
      Reviewed on Jun 27, 2018
    • Fullerton Personal Loan
      "Procesing fee is high"
      0.5 3.0/5 "Satisfactory"
      I have received the loan time. I have applied a loan amount of 1.54 lakhs. They have offered me interest rate of 33%. The approval loan amount was 1.4 lakhs. After the deducted of processing fee and insurance they give the loan. Totally they have charged Rs. 6500 for that. They have taken a health insurance without my knowledge. After that i have received only Rs. 87000 in my hand
      Was this review helpful? 4
      , nasik
      Reviewed on Jun 27, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      When I was checking personal loan through bank bazaar web portal , I have got immediate response from them. They have arranged the call back from the bank partner on time and the documentation process took place immediately, everything was done within the promised time via bank bazaar.
      Was this review helpful? 1
      , nasik
      Reviewed on May 21, 2018
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