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% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad Paperless approval available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% 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
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    Perks
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    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    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.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
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    Eligibility Criteria
    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
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
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    Good to Know
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  • Pune Personal Loan is Rated as "Great!" by 4731 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 19 Oct 2017

    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 2017

    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

    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank 4 years back. The loan amount was 2.30 lakhs and the rate of interest was 18% which was very high than ICICI bank. The EMI period was 4 years. They didn't provide door step service for the documentation collection and the processing fee was 4,200 which is high and not satisfied.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar people called on the same day when I submitted my personal loan application through Bank Bazaar and the customer support person who spoke with me explained the process in detail very clearly. Their website is quite user friendly and easy to access.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I got my personal loan from HDFC Bank. My personal loan procedure was really smooth and HDFC Bank was good with processing the loan. It was a Paperless online application I submitted but I had to submit the hard copies of the documents. HDFC Bank offered me the loan around 10.99% as rate of interest and including insurance amount and processing fees they deducted around Rs. 4000 from my loan amount.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank 4 years back. The loan amount was 2.30 lakhs and the rate of interest was 18% which was very high than ICICI bank. The EMI period was 4 years. They didn't provide door step service for the documentation collection and the processing fee was 4,200 which is high and not satisfied.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from ICICI Bank. The services are good and the process was smooth. The documents was collected on time and the disbursement was on time too. The interest rate and processing charges was very high and when compared to the other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      This is my first experience at Bankbazaar and it is good. I received a proper response and the team was clear in the communication and they also processed my information to the banks. There were a proper follow up done form time to time and in all no hassles
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 3.0/5 "Satisfactory"
      Since I cancelled my plans, I did not take the personal loan with Standard Chartered Bank. The customer services are good and they been very responsive. The interest rate was around 11.5% and the processing charges was normal too. Good overall.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 2 months, Bankbazaar provides excellent services when compared to all other banking websites. The customer service is good and responsive. The website is easy to access and it is user friendly, i did not face nay donwtime or runtime error while visiting the website.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 15, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have applied for the personal loan from HDFC bank, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and they were very helpful, they provided a door step service to collect the documents, the process was easy and smooth. The rate of interest is less when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 15, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfied Service"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv approved the loan amount of Rs. 6lakhs, but I need the loan of Rs. 2 lakhs but they told me it was flexi loan. But they charged me 1.5% of processing fee for whole Rs.6 lakhs including insurance fee. Without my confirmation they charged all the amount. It was really bad and I couldn't reach their customer service for any queries.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Bank Bazaar website was very good. The loan process was happened quickly but there was some delay because of public holidays. I have given a request using online website and the executive called me on time. I would recommend this to others. My first experience was good.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have had taken a personal loan with SCB, they took couple of days more for loan disbursement than the expected date. The Rate of interest was nominal , I am very much satisfied with rate of interest. The customer service and response was average, they need to be more quick in calling the customer. There is zero processing charges and documentation process was very good.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar.com have helped me in the better way and the initial process were really good and I would like to say that they need to interact with the customer till end of the process, which got completed.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 3.0/5 "Satisfactory"
      Customer service was an average one with the HDFC bank and the response was also good one with them for the personal loan, which I have applied. After 1.5 months of time, I have got the loan amount from the HDFC bank.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • Bank Bazaar Personal Loan
      "Good service "
      0.5 3.5/5 "Pretty good"
      Bank bazaar is a best website to get required financial products.customer support executives are good and fulfilled my requirements.I have browsed bank bazaar website 3-4 times Its really good, get multiple follow ups from the executives.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
    • Standard Chartered Bank Personal Loan
      "Good banking service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from standard chartered bank for an amount of five lakhs.Rate of interest is low as compared to other banks in the market.customer service has responded on time.my loan got processed within the TAT promised.overall am happy with the bank
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Good options"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is user friendly it has various financial products. customer executives are good,their service is excellent,really helpful to choose the right product. its easy to access and they give many offers as per eligibility.keep it up.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
    • Tata capital Personal Loan
      "Better service "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from TATA capital limited for an amount of six lakhs at the interest rate of 12.17%.Executive responded on time,It got processed within a weeks time.my only concern about interest rate because they had promised to give at 11.99%later it got processed for 12.17%.Bank should be transparent about the interest rate to the customers.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Good Financial Website"
      0.5 4.0/5 "Great!"
      With the first time using Bankbazaar.com i have to say that the experience was pretty good as i found it really helpful for making a decision on a financial product. The customer service was good as i received immediate calls with detailed information on the offers that were available to me. I am also happy with the help that i got later with the submission of my application.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
    • ICICI Bank Personal Loan
      "Good service and smooth experience "
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI and i can say that i have had a smooth experience with throughout the process of getting my loan. the service received from their end was good and they responded to me on a timely manner. The disbursement of my loan did not take as long as other banks would take. I am also comfortable with the interest rate for the loan amount taken.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
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