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 to ₹1,180
    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 Paperless approval available
    What you'll love
    Documents
    Perks
    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
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 12.99% 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
    What you'll love
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    Perks
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    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.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
    What you'll love
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    Good to Know
    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
    Documents
    Perks
    Think about
    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
    11.00% - 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 Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
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  • Pune Personal Loan is Rated as "Great!" by 4947 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 11 Dec 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

    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I have taken my personal loan via Bank bazaar . Their customer service and responses was up to the mark. I ma approaching for the first time and I had a very good experience here . It would be better if the website displays the accurate interest rate of banks other than that the website 's options was amazing .
      Was this review helpful? 1
      , pune
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Not good"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with CITI bank . The process was not that good since they have taken a week of time for disbursing the loan amount even after the continuous followups.I have taken 10 lakhs and the interest rate was 11% which was bit high than other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Happy service"
      0.5 4.0/5 "Great!"
      Actually it was my first time experience with bank bazaar. I came to know about the website through google search. I got a good service and response with bank bazaar. The customer service was very kind and helpful. It was the easy process to apply a personal loan.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 08, 2017
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had taken my personal loan with TATA CAPTIAL through online portal. The rate of interest was 11.29%, it was less than other banks. They took lot of time to process the loan. The executive came to my place and collected all documents at doorstep.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Not good"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with Bank bazaar ., The customer service and responses was excellent . I am impressed with their quick and paperless process . The website was very easy to access and Informative . The option was really amazing with many good features so I would like to recommend to others.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 07, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI BANK. The loan amount was 1 lakhs an the interest rate was 10.99% which was satisfactory . The tenure period was 1 year and the loan was sanctioned with the committed time. MY overall experience was good here.,
      Was this review helpful? 1
      , pune
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with bankbazaar so far, they provide good services when compared to all other banking websites. I know bankbazaar.com from last 6 months. Customer service from bankbazaar is good and their response is prompt. I am using mobile application, it is easy to navigate and is user friendly, i also check my credit score in this app.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • HDFC Bank Personal Loan
      "Could have been better"
      0.5 4.5/5 "Excellent!"
      My personal loan application was approved with HDFC bank, i am happy with the services provided by HDFC bank. The rate of interest was 10.99% which is nominal when compared to other banks. Customer service was good and they followed up on time, they also provided door step service to collect the documents. The process was very smooth and my loan amount was approved within 2-3 days.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a one stop solution for all the financial products. The customer service and responses was up to the market . The website was very easy to navigate and user friendly . I have not faced any issue and errors while using the website .
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Kotak Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with KOTAK bank . The loan amount was 2.5 lakhs and the interest rate was 14% which was very high in the market . The customer service and responses was up to the mark. They have provided door step service for collecting document and the process was nominal here so I would like to recommend their service to others.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My experience was very good with BANK BAZAAR . The customer service ad responses was up to the mark.The executive were helpful and the process was quite easy so I would like to recommend the site to others . I have tried using the tools like EMI calculator and credit sore option which was really amazing.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with CITI bank. The loan process was bit slow . They have taken much time and I have followed 10-15 days of time for the approval. The loan amount was 2 lakhs and the interest rate was 12.99% which was average in the market . They have provided door step service for collecting documents and the processing fee was also very much nominal.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I had a very good experience with BANK BAZAAR . The customer service and responses was up to the mark. I am approaching for the first time . The process was very quick and smooth so Its was a fabulous experience. My first choice is always Bank Bazaar when it comes to any financial products..
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Kotak Personal Loan
      "Need to Improve"
      0.5 1.0/5 "Really Bad"
      I have my personal loan with KOTAK Bank . The loan process was not good. Here since they have asked me to submit list of documents. The loan amount was 4 lakhs and the interest rate was 10.99%which was average in the market. I am not satisfied with the customer service here since they did not clearly mention everything and hidden charges was also there.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      " Fabulous service "
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service is extremely good and I got the immediate call back from bank bazaar team after I gave my requirement in the bank bazaar. I used the bank bazaar website, which is easy to use and user friendly, and it is also very helpful to check with the credit score.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2017
    • Tata capital Personal Loan
      "Extremely satisfied"
      0.5 5.0/5 "Blown Away!"
      TATA capital told that they will disburse the loan within 48 hours but they failed to do so and they took around 5 days time to disburse my loan amount. The customer support was good with the Tata capital . The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 06, 2017
    • Bank Bazaar Personal Loan
      "Good financial Advisor"
      0.5 4.0/5 "Great!"
      I started using the website recently one month ago.The service is excellent.Financial products in the website is updated,i find it too informative compared to other sites.The website is convenient to use,the customer service is prompt.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2017
    • Kotak Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with Kotak Mahindra.I had requested for five lakhs.Rate of interest is 15.99% its very high as compared to other banks,other additional charge like processing fees is 15000 deducted from my loan amount,they had processed the request within a week.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bank bazaar is a very good platform for all the financial products. The customer service and responses was satisfactory . The website was very easy to navigate and user friendly . The web portal's accuracy and speed is good . I would like to recommend this site to others.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI Bank. The interest rate was 11.74% which was bi8t high in the market and the tenure period was 5 years. The customer service and responses was good.They have provided door step service for collecting documents.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2017
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