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  • Pune Personal Loan

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  • With low interest rates, flexible repayment tenures, and high loan amounts, finding the right personal loan in Pune just got a whole lot easier! Known as the “Oxford of the East”, Pune is not only home to numerous educational institutions, but it also has several banks that offer personal loans for interest rates starting from just 10.99%. With tenures as long as 5 years, it is ever so simple to meet your immediate financial requirements in the city.
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    We found 17 Pune 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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
    What you'll love
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    Perks
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    Fees & Charges
    Eligibility Criteria
    10.99% - 15.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    What you'll love
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Fees & Charges
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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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    Fees & Charges
    Eligibility Criteria

    Pune is a peaceful city in the state of Maharashtra with a population of around 31.2 lakh. It is located on the Deccan Plateau. The city is famous for its academic institutions and business entities. It attracts many tourists with its historical places and nearby hill stations.

    If you are interested in taking a personal loan for any of your financial needs, you can apply for one from a bank or a non-banking financial company (NBFC). You may obtain a personal loan through online or offline modes in Pune.

    Online personal loan applications are very beneficial as you can compare rates of interest, processing fees, prepayment fees, etc. and then make a judicious decision. You will also be able to calculate your EMIs and then choose your loan amount appropriately. If you want to apply offline, you can go to a branch directly and get the application process done.

    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 21 Oct 2019

    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

    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 Loans offered by Various Lenders in Pune

    A few of the top lenders that offer personal loans in the city of Pune include:

    • Fullerton India
    • Bank of Punjab
    • UCO Bank
    • IndusInd Bank
    • Kotak Mahindra Bank
    • Oriental Bank of Commerce
    • State Bank of India (SBI)
    • Bank of Maharashtra
    • The Bank of Rajasthan
    • Indian Overseas Bank
    • ING Vysya Bank
    • Standard Chartered Bank
    • Dena Bank
    • Deutsche Bank
    • Tata Capital
    • Citibank
    • Andhra Bank
    • IDBI Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Syndicate Bank
    • Punjab National Bank
    • Corporation 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.

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

        

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    Pune Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Need to improve their service"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan with HDFC BANK on a month before which was process through an online. The rate of interest was 18% which was high. So far I have not get any call from bank end for further verification. The loan amount was sufficient for the tenure period of 2 years. From bank end closed the loan process and not intimate the reason as well.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 20, 2019
    • Fullerton
      Fullerton Personal Loan
      "Best Service"
      0.5 2.0/5 "Expected more"
      I have applied for Fullerton personal loan which was applied through Online .I have not availed this loan since dont have Bank statement ,The agent gave all the information about the loan process and the rate of interest was less The gent gave all the information about the loan I have not submitted any documents .
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2019
    • EDELWIESS Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I applied personal loan from EDELWEISS RETAIL FINANCE LIMITED. There was a delay from the bank's end. I had submitted my documents to their executive on time. I received sufficient loan amount. Rate of interest is little higher than other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 12, 2019
    • EDELWIESS Personal Loan
      "Dissatisfactory"
      0.5 2.0/5 "Expected more"
      EDELWEISS RETAIL FINANCE LIMITED, the loan process is time consuming. The rate of interest is very higher, every 2days they were asking different document and the process was so lengthy. The loan duration is 24months. I took 1.20L and have to pay EMI around 6,400. The processing fee is included.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 12, 2019
    • HDFC Bank Personal Loan
      "Need to reduce the rate of interest"
      0.5 4.0/5 "Great!"
      For personal reason, I have availed a loan from HDFC BANK and the services were good. The disbursement was happened as per the commitment. The interest rate is little bit higher and they took 4to5K as a processing fee on the loan amount of 6 to 8L. The loan duration for repayment is 5years.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2019
    • Kotak Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Kotak Mahindra Bank personal loan through Online .I have got this loan on delay basis it took 3 weeks of time.I have got all the deails about the loan process very clearly .while submitting the documents the process was smooth .The rate of interest and the processing fee was nominal.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I think, the interest rate is 12.5% which is nominal. I have applied for 1.40L and HDFC BANK sanctioned me the same amount for 3years. The documents are provided online and its a hassle free experience. The processing fee is included. There is an option for foreclosure.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2019
    • EDELWIESS Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied personal loan from EDELWEISS RETAIL FINANCE LIMITED online. They disbursed the loan on time. The amount is not sufficient, I was expecting more. Rate of interest is ok even though it's a little high. Verification was hassle free.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2019
    • Incred Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I applied personal loan from Incred. There was a little delay to disburse the loan but it's ok. I applied for 75 thousand and got approved 50 thousand and received only 46 thousand after some deduction. Their rate of interest is higher than other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 11, 2019
    • Incred Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Incred personal loan through Online .The rate of interest and the processing fee was very high ,I have got the loan amount on time ,While submitting the documents there was no difficulties faced as well.I was getting frequent callback once i have applied for this loan that was the difficulty faced by me.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 10, 2019
    • Early Salary Personal Loan
      "Quick and fast service"
      0.5 5.0/5 "Blown Away!"
      My credit score was not so much better so i had taken the personal loan from Earlysalary. The approved the loan amount of Rs. 8000 for the duration of 2 months. When i return the money, i have to pay the amount with the interest of Rs. 8600. They have sanctioned the loan in 1 day.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 10, 2019
    • Incred Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Its because of the easy and fast process i had chosen the personal loan from Incred. I got the loan amount of Rs. 1.50 lakhs and the interest rate was 32% is not convenient for me. I have selected the tenure period of 2 years. I have been paying the EMI amount of Rs. 8000 nearly.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 10, 2019
    • Incred Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The loan process was good with Incred but the rate of interest was higher. I have received the loan amount immediately and there was no issues. I have applied for 1.45L and after the processing fee deduction, i got 1.39L something. The loan duration is 5years.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 10, 2019
    • Incred Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I have applied for Incred personal loan through Online .I have got the loan on stipulated time ,I have got a clear picture about the loan process,The rate of interest and the processing fee was nominal, The process was smooth and there was no difficulties faced until i have received the loan ,I have got this loan within 4 days .
      Was this review helpful? 0
      , pune
      Reviewed on Oct 10, 2019
    • Incred Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have availed Personal loan through Incred Online .I have got the loan amount on time and got all the details about the loan process very clearly.There are more hidden charges,The process was very slow and not yet faced any difficulties so far ,Customer service is really good and there was no difficulties faced so far .
      Was this review helpful? 1
      , pune
      Reviewed on Oct 09, 2019
    • Kotak Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I took my personal loan from Kotak Mahindra Bank through online channel. They have taken more than 10days for the disbursement and the followup was not appropriate. The processing fee is maximum and even they are charging 5% for foreclosure. The loan tenure is 5years.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 09, 2019
    • EDELWIESS Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Its good, I got a personal loan from Edelweiss. The customer service is fine and the rate of interest is reasonable. They have deducted around 12K for 1L including processing fee. I opted the loan for 2years. The person came to my place to get the documents.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 08, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I had asked them for tenure of one year but they told as I am running up with other loan they can give me tenure of four years, rate of interest was nominal as per the market, documentation process was hassle free and the amount was been disbursed four days.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 04, 2019
    • review Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I took a personal loan of 5L from BHAGINI NIVEDITA SAHAKARI BANK LTD. They have provided me tenure of 7 years and monthly need to pay 9,300rupees which includes insurance fee as well. I am not happy with this bank because they are charging higher interest rate.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 01, 2019
    • HDFC Bank Personal Loan
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have applied for 5L in HDFC BANK but they have sanctioned me only 4.10L. The loan duration is 5 years. The loan process was good. The rate of interest was 13% which is little bit higher when I compare with the market price of around 11%. The processing fee is low.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 01, 2019
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