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    Pune Personal Loan

    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 33 Pune Personal Loan
    Bank Name
    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
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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
    100% PAPERLESS APPROVAL
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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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    Pune Personal Loan is Rated as "Great!" by 5823 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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 25 May 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.

        

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    Pune Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in HDFC bank for more than 6 months. As per my expectation I received a loan amount for the duration of 5 years. The rate of interest is nominal. The verification process was done in smooth manner. The processing fee applicable. Overall is a good service.
      Was this review helpful? 3
      , pune
      Reviewed on May 17, 2019
    • ICICI Bank Personal Loan
      "Need to improve customer service"
      0.5 3.0/5 "Satisfactory"
      The personal loan was taken from ICICI bank for the past 6 years ago. The loan amount was sufficient as per my expectation at the time for the duration of 5 years. The rate of interest was too high .To reach the customer service is difficult and no proper response. I have closed the loan.
      Was this review helpful? 2
      , pune
      Reviewed on May 17, 2019
    • Axis Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      In Axis they wont charge for any personal loan at part payment and foreclosure. They gave me 10.9% of interest for the loan amount of Rs. 2 lakhs for two years. The process was convenient, I got the door step service. I had a friend they taken care of everything I don't want to go to the bank.
      Was this review helpful? 1
      , pune
      Reviewed on May 16, 2019
    • HDFC Bank Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have chosen HDFC BANK For the personal loan due to rate of interest which was loan at that time and there was a processing fee. They need to reduce the processing fee, it was 2% on principal. The loan process was better. I have taken for 2 years and completed 14 or 15 months.
      Was this review helpful? 2
      , pune
      Reviewed on May 15, 2019
    • HDFC Bank Personal Loan
      "Change Of Interest rate after the sanction of loan"
      0.5 4.0/5 "Great!"
      When I was looking for a personal loan in HDFC , they said a interest rate of 7.5 % will be given to me being a account holder in HDFC . But after the sanction of loan interest rate has been changed in between 14 % . I taken this amount in emergency time so that I don't have much time to go through the documents .
      Was this review helpful? 2
      , pune
      Reviewed on May 14, 2019
    • Axis Bank Personal Loan
      "BETTER"
      0.5 3.5/5 "Pretty good"
      I have taken the personal loan with the AXIS BANK the documentation process was good also the processing of the loan amount it done on time and it was quick process. They have offered with good loan amount added on that the rate of interest was nominal.
      Was this review helpful? 1
      , pune
      Reviewed on May 13, 2019
    • HDFC Bank Personal Loan
      "Good bank to take for personal loan"
      0.5 5.0/5 "Blown Away!"
      I was applied for the personal loan with the HDFC BANK where the documentation process was simple and easy. As per my expectation I got the loan for duration of 4 years. Rate of interest was nominal, for processing fee is nominal when compare to other bank. I have done pre closure for the personal loan.
      Was this review helpful? 3
      , pune
      Reviewed on May 10, 2019
    • Bajaj Finserv Personal Loan
      "Not Satisfied with the services which they had provided"
      0.5 1.0/5 "Really Bad"
      I had taken a consumer durable loan from them a while back for the some marriage purposes and the process in getting the loan was all fine. But the interest rate with them had been pretty much high and there was some processing charges as well. The customer support team of them had been quite good.
      Was this review helpful? 1
      , pune
      Reviewed on May 03, 2019
    • review Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with Bajaj finance from long time, Their service was good so far, the loan amount was given as per my requirement, the rate of interest they have charged me was nominal, with processing fee they have charged me insurance amount as well, now i have been closed this loan successfully.
      Was this review helpful? 0
      , pune
      Reviewed on May 03, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have recently took personal Loan through HDFC Bank ,The rate of interest and processing fee was nominal .I have ,received the amount on time ,The loan amount was 4.5lakhs for the tenuire of 4years, I have received the documents on time .I have submitted the document through the agent.
      Was this review helpful? 2
      , pune
      Reviewed on May 03, 2019
    • HDFC Bank Personal Loan
      "System should be updated"
      0.5 3.5/5 "Pretty good"
      I took the loan before three years I did a top up with that one, the process took long time. When I was check the credit score it was showing the old account but there was no due from end. But still it was showing both loan account. They should update their system. Interest rate was reasonable as per the market.
      Was this review helpful? 0
      , pune
      Reviewed on May 02, 2019
    • Bank Bazaar Personal Loan
      "Quick Response"
      0.5 4.5/5 "Excellent!"
      Bank Bazaar is very quick to avail the loan through the portal, the executive are very supportive and shared the loan details in terms of interest and processing fee of the loan. I am using their mobile application its easy to navigate the options.
      Was this review helpful? 1
      , pune
      Reviewed on May 02, 2019
    • HDFC Bank Personal Loan
      "Easy to take personal loan with HDFC"
      0.5 4.0/5 "Great!"
      HDFC gave me the requested loan amount of Rs.66,000 for the duration of 12 months. The interest is economical with interest rate around 11.5%. The documentation was easy because the executive came to my place and collected the papers finally they processed it.
      Was this review helpful? 0
      , pune
      Reviewed on May 02, 2019
    • Citibank Personal Loan
      "Very lesser interest rate"
      0.5 4.0/5 "Great!"
      Citi bank offered me a personal loan with the affordable interest rate .I always prefer the Citi bank service is wiser among the other banks . They understand my requirement and taken just few days for sanction the loan . I am happy with the support given by the Citi bank .
      Was this review helpful? 4
      , pune
      Reviewed on Apr 29, 2019
    • Bajaj Finserv Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The documentation process was easy and quick to get the personal loan with the BAJAJ FINSERV, executive came to home and done very simple. The loan amount was good, the rate of interest was higher than others 18%. The duration for repaying was 3 years.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 28, 2019
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Axis Bank Personal Loan before 3 years the rate of interest and the processing fee was nominal it was 14.50% ,it is not taking part payment charges and also no closing charges ,it is still on process it was a paperless approval .The loan amount got on time and it was sufficient and the loan amount was 1 lakh for 5years tenure and closed in 3years.
      Was this review helpful? 1
      , pune
      Reviewed on Apr 26, 2019
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken a Personal loan from HDFC BANK a long time back where the process in getting the loan has been quite easy. The loan amount has been sufficient and the interest rate with them has been nominal as well. Their customer support has also been prompt and they had been helpful at times.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 26, 2019
    • Bank Bazaar Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I am using the services of BANK BAZAAR for the very first time where i came to know about the services of them while i was buffering in the Internet. I had used their web portal which has been quite convenient in using and while i had applied for the Personal loan through them their customer support has been helpful.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 26, 2019
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      For my personal loan i had selected the INDUSIND BANK since they offered me with a zero processing fee. The overall process in getting the loan was easy and the disbursement was done within the promised time. The loan amount has been sufficient and the interest rate was nominal. Their customer support team has also been prompt and helpful during the process of the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 26, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Personal Loan through Bajaj Finserv ,I have applied for the loan amount of 1lakh for 36months, The rate of interest was nominal and processing fee was less ,The loan amount got on time , The loan amount was sufficient .The agent gave all the details of the process of the loan . The documents was less and it was collected as well .
      Was this review helpful? 1
      , pune
      Reviewed on Apr 25, 2019
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