Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Pune Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Ad Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    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.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Pune Personal Loan is Rated as "Great!" by 4983 Users
    Personal Loan BYTES FROM OUR KITCHEN

    Pune Personal Loan

    Pune is in Maharashtra, India. It is second largest city in the state and is considered the state's cultural capital.Pune has had traditional old-economy industries which continue to grow. The city is now also known for Manufacturing, Automobile, Government & Private sector Research Institutes, Information technology (IT) as well as Educational, Management and Training institutes that attract migrants, students and professionals not only from India but also from South East Asia, Middle East and African countries.

    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 Pune Personal Loan if you are

    01
    02
    03
    04
    Pune Personal Loan Minimum Age

    At least 21 years old

    Pune Personal Loan Maximum Age

    Less than 65 years old

    Pune Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Pune Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Pune Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Pune Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Pune Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Pune Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Pune Personal Loan amount by these steps

    01
    02
    Pune Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Pune

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Pune 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

    Pune Personal Loan Interest RatesUpdated on 20 Jan 2018

    Pune 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 Pune

    For those residing in Pune, they can avail a personal loan from any of the top banks and NBFCs in the city. A personal loan can be availed by individuals to clear debts, fund an extravagant holiday, and pay for medical emergencies and so on. Before choosing a loan, it is imperative to loan shop to find one that suits your financial situation - taking into consideration the interest rate, the EMIs, debt-to-ratio and so on. When loan shopping, customers can facilitate the use of financial portals such as BankBazaar. On the BankBazaar website, customers can compare loan offers by its partner banks and quickly come to a decision.

    Personal Loan offered by various banks in Pune

    Listed below are the top banks and NBFCs offering personal loans:

    • Fullerton
    • ICICI Bank
    • HDFC Bank
    • Standard Chartered Bank
    • Tata Capital
    • Aditya Birla
    • Bajaj Finserv
    • Axis Bank
    • CitiBank
    • Oriental Bank
    • Kotak Mahindra Bank

    How do I get a Personal Loan with the lowest interest rate in Pune?

    When deciding on which loan to avail, it is important to look at all the components of the loan prior to narrowing down on a particular loan. For those looking to reduce the interest rate added on a loan, they must look into the below mentioned areas that affect the interest rate of a loan.

    Credit score - Ensuring that your credit score it optimum when applying for a loan is vital. Having a good credit score will result in the bank reducing the interest rate on a loan and vice versa.

    Down payment - Making a down payment upwards of 20% of the loan amount will result in you availing a loan with a lower interest rate.

    Debt-to-income ratio - When availing a loan from a bank or an NBFC, it is important to ensure that your debt-to-income ratio does not surpass 40%-50% of your monthly net income. If it does, you stand a chance of your loan being rejected or having a higher interest rate added on your loan.

    Look for the best possible choice - Facilitating the use of financial portals such as BankBazaar will give you the ability to compare loan offers from its partner banks and choose one that suits your financial status.

    Employment and experience - Working for a reputed firm or company and having a number of years of experience increases your chances of availing a loan at the best interest rate possible.

    Negotiate - Most customers blindly accept the offer laid down by the bank with regard to a personal loan. Ensuring that you make a negotiation to get the best price on your loan is a necessity.

    Tenure - Keeping the tenure short will only reduce the interest rate and vice versa.

    Personal Loan Interest rates in Pune 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35% (Fixed) Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Pune

    The first thing that banks and NBFCs look into before accepting a loan application is the monthly or annual income of the applicant. While going through the other components of the loan, it is important to cross check the salary requirement of that particular loan. The salary requirement fluctuates between banks and loan plans.

    For salaried individuals - The salary requirement ranges roughly between Rs.7,500 and Rs.50,000 for salaried employees.

    For self-employed individuals - Self-employed have to show proof of their income over the last couple of years when applying for a loan. Generally, an annual profit of Rs.1 lakh to Rs.2 lakh is the basic salary requirement for self-employed individuals.

    Pune Personal Loan FAQs

    1. Can I apply for a loan if I already have an existing one?

      You can as long as you have a balanced debt-to-income ratio.

    2. Will the loan amount be disbursed in stages or all at once?

      The loan will be disbursed all at once when the loan is approved.

    3. What affects the credit score of an individual in most cases?

      Failing to pay your loan dues and your credit bills in time results in your credit score dipping below optimum. A good credit score is anything above 750.

    4. How long should I wait before I make a prepayment? Can I make a complete prepayment?

      Some banks and NBFCs allow you to make a complete foreclosure of the loan while some only allow a partial prepayment. In most cases, you would have to wait at least 6 months to make a loan prepayment. Most banks and NBFCs charge a prepayment fee of 1-2% on the outstanding balance.

    5. Are the interest rates on personal loans the same between all banks?

      No, it differs from bank to bank.


    Check For Latest: Gold Rate in Pune Or Silver Rate in Pune

    Pune Personal Loan Reviews

    • Tata capital Personal Loan
      "Best "
      0.5 4.0/5 "Great!"
      Interest rate was around 12.5% to 13.5% for the personal loan with the Tata capital limited. Customer service is good one for me with the Tata capital limited. I really have felt that the response is also good one too. Customer service is good too.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2018
    • Bank Bazaar Personal Loan
      "Better"
      0.5 4.5/5 "Excellent!"
      I had a good experience with bank bazaar. I have been using the website for past one year. But this is the first time, I took a personal loan through online. The process was easy compared to the banks. The response was not up to the mark. The mobile app is easy to access.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Average"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with ICICI Bank on my personal loan. They offered a interest rate of 16% which was not satisfactory. I have taken 3L with tenure period of 5 years. The documents are collected by the executive at doorstep. The customer service and response was average.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2018
    • HDFC Bank Personal Loan
      "Excellent service but need to work on their interest"
      0.5 4.0/5 "Great!"
      The HDFC bank was prompt with their personal loan service. They have disbursed the loan amount within a week time. The customer support service was good with the HDFC bank. The rate of interest was quite high when compared with others. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service is good and they give importance to their customers. I got prompt response on time from bank bazaar customer support team. The customer support and the response is prompt with bank bazaar. I know bank bazaar for more than a year.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 17, 2018
    • Kotak Personal Loan
      "Need to be quick and fast"
      0.5 2.5/5 "Just OK"
      Initially the Kotak mahindra bank promised that they will disburse the loan amount within 4 days of time but they failed to do it, they took around 20days of time. Even I have submitted the documents on time before the time frame. The customer support and their executives need to be quick and fast in their process.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with bankbazaar so far, the services provided by bankbazaar is very good when compared to all other sources in the market. I know bankbazaar.com from last 1 year. Customer service was good and their response was prompt. I came to know about bankbazaar through advertisement. The mobile application is easy to access and is user friendly.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 16, 2018
    • HDB Financial Services Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with HDB Financial services and the experience was quite good. The loan amount was for Rs 1.60 lakhs and the rate of interest was 12% which is nominal when compared to other sources. Documents were collected on time and the customer service was good. They charged 1 % as processing fees which is nominal and the tenure of the loan is 5 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 16, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      This was my first time experience with bankbazaar and it was good. The services provided by bankbazaar is good when compared to all other banking websites. I came to know about bankbazaar through mail. Customer service was good and they responded on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 16, 2018
    • HDB Financial Services Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My personal loan application was approved with HDB Financial services and the experience was quite good. The process was quite smooth and i received my loan amount within 1 week. The loan amount was for Rs 3.75 lakhs with the rate of interest of 12.99% which is nominal when compared to other sources. Documents were collected on time and the customer service team followed up correctly. The processing fees was 1% which is nominal and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 16, 2018
    • Bank Bazaar Personal Loan
      "Excellent website"
      0.5 5.0/5 "Blown Away!"
      I had used the website for a first time, I was searching for a personal and I found out bank bazaar. It was very much helpful to compare with the multiple banks.Whenever I had a query will get resolved easily with the bank bazaar and am very much happy with the service.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 13, 2018
    • Tata capital Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      The customer service and response was prompt with Tata Capital. I got a good rate of interest for my personal loan. I was not eligible for the amount which they offered to me was really happy. They disbursed the loan on time with lesser documentation.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 13, 2018
    • Bank Bazaar Personal Loan
      "Good platform"
      0.5 3.0/5 "Satisfactory"
      I have taken my personal loan via Bank bazaar . The customer service and responses was up to the mark but I am getting too many calls so it would be better if they avoid that. The executives were helpful. My overall experience was good and this site is very much recommendable.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 10, 2018
    • Aditya Birla Finance Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have my personal loan with ADITYA FINANCE . The loan process was good. I have taken 4 lakhs loan amount and The Interest rate was 11.5% which was average In the market .The tenure period was 5 years. They have provided door step service for collecting documents and the loan was approved on time.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 10, 2018
    • Punjab National Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I have got the personal loan with the Punjab national bank and I have closed it long back but still my credit score shows it is active. The customer support PNB haven't updated my loan in the cibil. The customer support of PNB needs improvement .
      Was this review helpful? 8
      , pune
      Reviewed on Dec 27, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using the website of bank bazaar for last few years.The website is easy to understand navigate.I got my third product through bank bazaar.The executives are the best,they immediately contact post applying through online and explain the offers.
      Was this review helpful? 2
      , pune
      Reviewed on Dec 12, 2017
    • HDFC Bank Personal Loan
      "Need to improve documentaion procedure"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with Hdfc bank.The loan amount is 2.70 lakhs.The service is not up to the mark they have asked to submit documents multiple times which was required and the payment options are not easy to understand,no one has called me so far post getting loan and explained the procedure and charges are high.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 12, 2017
    • HDB Financial Services Personal Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      It was a good experience HDB Finance for the personal loan i took . They gave me a full approval on the amount i asked for . The money got Disbursed in a weeks time . The rate of interest was 16% they charged and the processing fee was high that they charged , as compared to other banks . The Customer service was good from the bank side . There were pre closure option there with 2% charges , bank charged .
      Was this review helpful? 1
      , pune
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have checked with Bankbazaar.com application as well as the website which was easy to use the customer support was good compared to others in the market I came to know about the service of Bankbazaar.com through one of my friend it was a good experience with Bankbazaar.com.
      Was this review helpful? 2
      , pune
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      HDFC personal loan service was good ,the interest rate they offered me was 10.33% which was good compared to others and the documents part was also simple. The customer support was good ,it was a wonderful experience that I had with HDFC Bank with regards to personal loan service.
      Was this review helpful? 2
      , pune
      Reviewed on Dec 11, 2017
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