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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    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
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.75% 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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    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
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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
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    Perks
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    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
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    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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    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
    Fees & Charges
    Good to Know
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    Customer Reviews
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  • Pune Personal Loan is Rated as "Great!" by 4903 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 20 Nov 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 service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with bankbazaar so far, the services provided by bankbazaar is good when compared to all other sources in the market. I know bankbazaar.com from last 6 months. Customer service was good and their response was also good but sometimes it gets delayed. I am using the website, it is user friendly and is easy to use, the options are very less in bankbazaar.com.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Needs to improve with ROI"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from FULLERTON, my loan application was closed because i did not have aadhar card which is mandatory. When it comes to customer service, it was good, they responded on time and they followed up on regular intervals. The customer service was way high when compared to other sources in the market.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Fullerton Personal Loan
      "Needs to improve with ROI"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from FULLERTON, my loan application was closed because i did not have aadhar card which is mandatory. When it comes to customer service, it was good, they responded on time and they followed up on regular intervals. The customer service was way high when compared to other sources in the market.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have previously applied for the personal loan from HDFC bank, it was a good loan experience. The loan amount was for Rs 5 lakhs with the rate of interest of 13.75% which is high when compared to other banks. The process was very smooth, the services were delayed due to festival. Customer service and their response was good, they provided door step service to collect the documents.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 1 year, the services provided by bankbazaar is good when compared to all other sources in the market. I came to know about bankbazaar through google. Customer service from bankbazaar was good and their response was prompt. The website is easy to navigate and it is user friendly.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from ICICI bank, my loan application was closed because there was an issue with the salary payslip, i did not have payslip for last 2 months due to which they were not able to proceed. Customer service was good and they responded on time. The rate of interest is high when compared to others in the market.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      This was my first time experience with bankbazaar and it was good. Bankbazaar provides good services on financial products when compared to all other banking websites. Customer service from bankbazaar was good and they were very helpful. The mobile application was east to access and it is user friendly. I also check my credit score in this mobile app. My only concern was, they were still asking for the documents in spite of knowing that i was in medical condition.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan from ICICI bank, my loan application was closed because i did not have 3 months salary payslip. I was in bed rest as i met with an accident few months back. Customer service was not up to the mark, they did not follow up after the documents were collected. They were still asking for the payslip as they cannot proceed further without it. The rate of interest was not an issue, it was nominal.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I applied for my personal loan service through Bankbazaar.com I applied through Bankbazaar.com website which was easy to use and very user friendly also the customer service was good it was the first time I am using the service from Bankbazaar.com it was a wonderful experience with Bankbazaar.com.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was good experience with TATA CAPITAL for my personal loan service I feel the process was very slow with TATA CAPITAL the interest rate they quoted me was good but the processing fee and the other charges where low compare to others it was wonderful service from TATA CAPITAL for personal loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 1 year and i had a good experience. The services provided by bankbazaar is good when compared to all other banking websites. Customer service of bankbazaar is good and their response was prompt, they provide lot of option on choose the right bank. The website is easy to access and it is user friendly.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Kotak Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from Kotak Mahindra bank, my loan application was closed because there was no pre closure and part payment options. Customer service part was good, they responded on time and gave all the right information. The rate of interest is nominal when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 5 years, the experience was good with bankbazaar so far. Bankbazaar provides good services when compared to all other banking websites. The customer service was good and their response was prompt. The website is easy to access and it is user friendly. The best thing i found in this website is the rate comparison with different banks and it helps to choose the right product.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Needs to improve"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Citi bank, my loan application was closed because there was an issue with my CIBIL score. When it comes to customer service, they just called once and there was no further follow up done, they did not respond. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • SBI Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have taken a personal loan service from SBI and the interest rate they offered me was 12.4 which was fine compare to others the loan amount they offered me was 3k the process was very fast they completed it within one day and the documents have been submitted directly it was a good experience with SBI for my personal loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Bank Bazaar Personal Loan
      "Easy way to apply the loan"
      0.5 4.0/5 "Great!"
      Great steps provided by bankbazar.com it's so easy that any body can understand how to apply loan easy steps best information provided by bank hazar , quite interesting application / website is not complicated it's awesome full satisfactory hope I will get positive result at the earliest thanks team for your help and support
      Was this review helpful? 0
      , pune
      Reviewed on Nov 15, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I previously applied for the personal loan from HDFC bank, my loan application was approved and the requested amount was disbursed. The loan amount was for 11 lakhs with the rate of interest of 10.49% which is best in the market. It was a pre approved loan so no documents approval required. The customer service was average as they did not keep up their commitments. It was overall a good loan experience.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 14, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have applied for my personal loan through Bankbazaar.com it was great experience with Bankbazaar.com I applied on Bankbazaar.com website which was easy for navigation also customer service was good ,but I am little disappointed as there is no regular followups during the loan process but totally it was a good experience with Bankbazaar.com.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2017
    • Tata capital Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience with TATA CAPITAL for my personal loan service the customer service was very good the rate of interest they offered me fine compared to others but I had some personal issues so I was unable to proceed with my loan process further.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2017
    • Bank Bazaar Personal Loan
      "Excellent service "
      0.5 5.0/5 "Blown Away!"
      Excellent and fast service easy going paperless i can refer to others too comparisons are great uploading documents are easy , options are wide and open will use this website for next personal loan and policy too . Thanks team keep this easy work going.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 12, 2017
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