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% - 17.99%
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    30L Max
    1-5 Years
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Pune Personal Loan is Rated as "Great!" by 5324 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Pune Personal Loan

    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.


    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 18 Nov 2018

    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 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.


    Check For Latest: Gold Rate in Pune Or Silver Rate in Pune

    Pune Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      This was my first time experience with bankbazaar and it was not up to the mark, initially the follow up was very good with bankbazaar but on later stage there was no proper follow up. The mobile app of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 16, 2018
    • Incred Personal Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      My personal loan experience with INCRED was very good, the process was smooth and i received my loan amount within 20 days. The loan amount was for Rs 1 lac with high interest rate and the tenure period is 3 years. Customer service was fine and they responded on time.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Average services"
      0.5 4.0/5 "Great!"
      The bankbazaar website is very good. After some procedures they have said that the will get disbursed after 3 days. If they are reducing the follow up calls it would be fine. The executive Mr. Krishnan was very helpful. They have given the information about the top up also while i was applying for the personal loan.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Fullerton Personal Loan
      "Little improvement need to be there"
      0.5 3.5/5 "Pretty good"
      The services and response was very nice. The verification executive has given the wrong information like my door is locked due to this issue i faced some issues like the file got rejected because of the verification failure.The interest rates are too high. They have given me a interest rate of 19.5% and i'm very much disappointed of this. The loan got delayed for almost 3 days.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "There is a hidden charges which is not acceptable"
      0.5 3.0/5 "Satisfactory"
      I have closed the perosnal with HDFC. I have purchased the loan in 2013 and i have closed the loan in 2015. I have chosen the payment of 1.75 lakhs. I was started using the payment through ECS. For first few months, they have deducted through cheque. For 1 year, they have not given any updated regarding the ECS deduction and they have charged some late fee charges. I have visited their branch and the response was okay but they have not ready to refund the money whatever they have charged.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Good services and Quick process"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar have taken care of the customer's need and there was quick response provided by them. Using the bankbazaar website for recently for the first time to take this loan. Through the Internet, i come to know about the bankbazaar website.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good service in terms of process and communication"
      0.5 5.0/5 "Blown Away!"
      I have received the loan on time. I'm happy about the interest rate provided to me. They have given me 10.99% and zero processing fee. I have bought the loan amount of Rs. 6 lakhs. The documents got collected from my house from the collection executive. I am yet to pay the first month EMI. I have chosen the ECS payment mode.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I had a very good experience with the Bank bazaar where i am using it for the very first time the process of getting the loan is simple as i use the website to apply for the loan it is hassle free portal to access. The customer support is very good and responsive.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • IDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      The loan amount is not sufficient with the IDFC BANK where they haev given the rate of interest of 12% added on that the reason for taking this loan is they are providing with good offer. The duration is for 4 years to repay the loan. The documentation process is simply to get the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Bajaj Finserv Personal Loan
      "Fradulant practices in Bajaj"
      0.5 1.0/5 "Really Bad"
      They have provided highest interest rate and highest processing fee. Its like the cheating company. I have closed the loan within a month because of this issue. They have charged huge number of amount before disbursing the loan. I have applied the loan amount of Rs, 3 lakhs but they have provided Rs. 21 lakhs without any prior intimation. They have said I'm eligible for 21 lakhs they have charged the processing fee for Rs. 21 lakhs instead of Rs. 3 lakhs. I have complained to them and there was no action taken from them.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Quite Excellent service"
      0.5 4.0/5 "Great!"
      This is the first time i have used the website for applying the personal loan. The website is very good and easy to use, informative. I have come to know about this website through Google search. Customer people are very nice and i have checked my credit score by using the website. It provides many numbers of options to choose.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "Good personal loan experience"
      0.5 4.0/5 "Great!"
      I have processed the personal loan with TATA CAPITAL 1 month before. I have received the bit delayed for 1 week. I'm glad about the interest rate and my processing fee got waived off. As per the market standards they have provided the minimum interest rates. The documentation was good. After 1 year only i can able to pre-close the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have holding my personal loan with HDFC bank for long time, the rate of interest they have charged me was nominal and processing fee was also nominal and i have not that much communicated with there support team , they provide less loan amount , overall service was average.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with ICICI bank, they have provided Excellent service, like i did not face any difficulty in documentation part they have given me loan amount up to 45,000, and they have charged rate of interest up to 14% it is nominal for me and they have charged processing fee up nominal even they said took charges for insurance from loan up to 5000, there service was good.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      Best about bankbazaar is prompt service. If i surf for any product, i will get a call back from the respective team. Its been an year, i have started using the bankbazaar website. Through online advertisements i have come to know about the bankbazaar website. As per the customer requirements they are providing the services.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 15, 2018
    • Kotak Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have got my loan on time. I have received the interest rate of 10.99% per annum and i'm satisfied with it. I have been charged Rs.1100 as processing fee. I have applied the perosn alson 2.5 lakhs and i have chosen the tenure period of 4 years. The documentation process was okay. There is a option of pre-closure and partial payment.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 15, 2018
    • Bajaj Finserv Personal Loan
      "Bad service"
      0.5 1.0/5 "Really Bad"
      I have been holding my personal loan with BAJAJ FINSERV for long time, the loan amount was not sufficient for me they have given me up to 40,000 , the rate of interest they have charged me was too high they have charged up to 20% and processing fee they have charged me and there i where using bajaj finserv card they had block my card as my loan amount was not clear and there service is not good.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using this bank bazaar service just couple of months, the service is excellent , the customer support team are good , i have applied cc from bank bazaar i found good in process, the process went very smooth i could not find any difficulty in documentation , i mostly use website only. In short service is good and easy to use.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 15, 2018
    • Fullerton Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with FULLERTON recently,they have provided me not sufficient loan amount up to 1,86,000 i expected more ,and the rate of interest they have charged me was up to 22% it was high for me and processing fee they have charged me was up to 14,000 it was high according to loan amount they have given they have approved my loan amount up to 2,00,000 and they have cut 14,000 and gave me loan amount.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a great experience i had with the services of Bank Bazaar and i had recently started using the services of them. I had been using their website as well as their mobile application of them and it has been easy in using both. They had been helpful overall.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 14, 2018
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