• Thane Personal Loan

    A personal loan can be used for backing up your personal expenses. Banks in Thane offer such loans to eligible candidates within the age range of 21 to 75 years during maturity. For hassle-free processing and quick disbursal apply for it online.
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    We found 18 Thane Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.50% One time fee
    Up to Rs.40L
    1 - 5 Years
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    11.00% - 16.75% Fixed
    Zero Processing Fee
    Up to Rs.25L
    1 - 5 Years
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    25.00% - 32.00% Fixed
    3.00% One time fee
    Rs.75K - Rs.5L
    1 - 4 Years
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    11.25% - 14.49% Fixed
    Up to 2.75% One time fee
    Up to Rs.20L
    1 - 6 Years
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    18.00% - 36.00% Fixed
    2.00% - 3.00% One time fee
    Rs.1L - Rs.5L
    Up to 5 Years
    Only KYC docs required
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    11.99% - 25.00% Fixed
    3.00% - 6.00% One time fee
    Up to Rs.25L
    1 - 5 Years
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    13.00% - 30.00% Fixed
    Zero Processing Fee
    Rs.50K - Rs.2L
    Up to 4 Years
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    10.50% - 16.99% Fixed
    Up to 2.50% One time fee
    Rs.50K - Rs.25L
    1 - 5 Years
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    10.50% - 17.99% Fixed
    0.50% - 3.00% One time fee
    Up to Rs.30L
    1 - 5 Years
    Accelerated Approval
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    16.50% - 20.00% Fixed
    Up to 2.00%(Min ₹2,000) One time fee
    Up to Rs.15L
    1 - 5 Years
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    18.00% Fixed
    2.00% - 5.00% One time fee
    Rs.50K - Rs.7.5L
    1 - 4 Years
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    17.00% - 26.00% Fixed
    2.00% One time fee
    Rs.2L - Rs.20L
    0.5 - 4 Years
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    Thane is a city in Maharashtra, India, at the head of the Thane Creek.Thane's GDP is the fifth largest in the state. Major source of income for the people is the service sector in the Mumbai Metropolitan region, apart from the smale scale and large scale industries in the nearby areas of the district and the Navi Mumbai region. Thane city, as such, is more of a residential city than an industrial one.

    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.

    Documentation needed to apply for an Thane 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

    Thane Personal Loan Interest RatesUpdated on 20 Oct 2020

    Thane 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 Thane

    In Thane, personal loas and NBFCs in the country. A customer can avail a personal loan either due to a medical emergency, to fund a holiday, pay for wedding expenses, clear outstanding debts and so on. For those new to availing personal loans, they can visit financial portals such as BankBazaar to get started. On the BankBazaar website, customers can compare loans offered by its partner banks and NBFCs, make EMI calculations, and check their CIBIL score before choosing and availing a personal loan that suits their financial situation.

    Personal Loan offered by various banks in Thane

    Listed below are the top banks and NBFCs offering personal loans in Thane:

    • Citibank
    • Standard Chartered Bank
    • Kotak Mahindra Bank
    • ICICI Bank
    • Fullerton
    • Tata Capital
    • HDFC Bank
    • Aditya Birla
    • Oriental Bank
    • Axis Bank
    • Bajaj Finserv

    How do I get a Personal Loan with the lowest interest rate in Thane?

    Prior to availing a personal loan, it is imperative for customers to know the components of a personal loan that affect the interest rate - added on the loan amount. Most people leave the assessments and calculations (with regard to the interest rate) to bank executives. If you’re new to availing personal loans, listed below are areas you would need to look into if you wish to avail a loan at the lowest possible interest rate.

    Credit score: The credit score directly reflects on the interest rate applied on the loan offered to you by the bank. The higher your credit score the lower will be the interest rate offered to you by the bank and vice versa. Having a credit score upwards of 750 is optimum when availing a loan will be beneficial.

    Down payment - When availing a personal loan, most people ignore the resultant effect a down payment has on the interest rate offered to them by the bank. Making a down payment north of 20% of the total loan amount will result in you availing a loan at a lower interest rate.

    Debt-to-income ratio - Before approving the loan application, one of the first things that banks and NBFCs take into consideration is the debt-to-income ratio of the applicant. Having a debt-to-income ratio below 40% is optimum. Having a debt-to-income ratio more than either 40% or 50% might result in your application being rejected or if approved (based on your income), the interest rate added on the loan will be relatively higher.

    Look around for the best loan offer: Rather than just going with the bank holding your salary account, it is important to look around for the bank or NBFC offering a loan that suits your financial ability. Loan shopping on financial portals such as BankBazaar will give you a clear-cut idea of the different interest rates offered by banks and NBFCs. The BankBazaar website compares loans offered by its partner banks and lays bare the best possible loan out there.

    Your experience and the company you work for: Working for a reputed company will only increase the bank’s trust in you repaying the loan in time. The number of years of experience as well as the company you work for plays an important role in deciding the interest rate added on the loan.

    Negotiate: Making a negotiation for the interest rate added on your loan amount is a must. Most people do not even know that this is a possibility. Negotiating with the bank on the interest rate might just get you a better deal.

    Personal Loan Interest rates in Thane

    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 Thane

    The income of the loan applicant helps banks and NBFCs decide whether they should disburse the loan or not. The salary requirement varies from bank to bank and depends on the type of loan and the tenure decided by the applicant. Listed below is the approximate salary requirements when applying for a loan:

    For salaried individuals: In general, the salary requirement - depending on the bank and type of loan - ranges between Rs.7,500 and Rs.50,000 of the applicant's monthly net income.

    For self-employed individuals: Banks and NBFCs take into consideration the self-employed individual’s income over the last two years. In most cases, the profit of the individual for the year should be between Rs.1 lakh and Rs.2 lakh for the individual’s loan application to be approved.

    Thane Personal Loan FAQs

    1. What is the maximum personal loan amount one can avail?

      Salaried individuals can avail loans anything up to Rs.25 lakh. In the case of availing a joint loan, the loan amount will increase as the income of both parties are taken into consideration.

    2. Are there any foreclosure charges?

      Banks and NBFCs charge anything between 2-4% of the outstanding amount when the customer makes a foreclosure. That said, in most cases customers can make a foreclosure only 6 months after commencement of the loan.

    3. How can I calculate the EMI?

      You can calculate the EMI using online Personal Loan EMI calculator. The BankBazaar EMI calculator is accurate.

    4. You say the credit score is taken into consideration when one avails a loan. What affects the credit score of an individual?

      Failure to pay your credit bills and loan dues in time affects the credit score of an individual. A good credit score is anything above 750.

    5. How can I pay an EMI towards a loan?

      There are several ways to pay an EMI. You can use your net banking account, credit card, debit card, etc.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Thane Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Medium"
      0.5 5.0/5 "Blown Away!"
      For my personal need I chosen HDFC bank to apply a personal loan. I got a call on time and the process was done on smooth. The amount was sufficient with tenure period of 5 years. The rate of interest was nominal, but later realized not required to process for further hence closed the loan process from my end.
      Was this review helpful? 10
      , thane
      Reviewed on Mar 17, 2020
    • IndusInd Bank
      IndusInd Bank Personal Loan
      "Interest rate was high"
      0.5 3.0/5 "Satisfactory"
      Initially when i saw online, the rate of interest was very less so i applied a personal loan from INDUSIND Bank. After applying i came to know the rate of interest was very high so i closed this loan process from my end. The documentation part was not done.
      Was this review helpful? 0
      , thane
      Reviewed on Mar 15, 2020
    • HDFC Bank Personal Loan
      "Good loan offer for interest rate "
      0.5 4.0/5 "Great!"
      I got a call on time from HDFC for the loan process. The process was smooth and sanctioned the loan about 15 days. The amount was sufficient with tenure period of 2 years. The rate of interest is nominal EMI need to pay of 9K around. There is no pre closure option from bank end. I asked for that option but told there is no option from bank. The rate of interest was nominal.
      Was this review helpful? 0
      , thane
      Reviewed on Mar 12, 2020
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      The rate of interest was medium when applied this HDFC bank personal loan . This loan got sanctioned on proper time frame .This premium was paid on EMI basis and everything was good to me so far .This loan was availed for medical purpose and everything was good and document was submitted through the agent .
      Was this review helpful? 0
      , thane
      Reviewed on Feb 17, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan recently through HDFC Bank. The rate of interest and the processing fee was very nominal .I have availed this loan only for personal use and also this loan was disbursed on time .The complete process of this loan was shared by the agent .
      Was this review helpful? 3
      , thane
      Reviewed on Feb 10, 2020
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through Citi bank .The rate of interest and the processing fee was very nominal.I am paying the premium on EMI basis .The process was done quickly and received the call from executive regarding the loan. I am really satisfied with the service .
      Was this review helpful? 5
      , thane
      Reviewed on Feb 06, 2020
    • IndusInd Bank Personal Loan
      "Not Satisfied"
      0.5 1.0/5 "Really Bad"
      I have applied for Indusind Bank personal loan through online .There was no proper acknowledgement from bank end and no response too . I would suggest them to provide proper communication and follow up if any customer apply for the products.
      Was this review helpful? 3
      , thane
      Reviewed on Feb 06, 2020
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through Home Credit India Finance Private Limited .The rate of interest and the processing fee was very high due to requirement i have taken this loan.I have got the loan amount on time .I am paying the premium through EMI basis .I am totally satisfied with the service.
      Was this review helpful? 2
      , thane
      Reviewed on Feb 01, 2020
    • PaySense Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have availed personal loan through paysense services India Private Ltd.I was looking for higher loan amount but got only lesser amount that was my issue.I have applied for 1.3 lakhs but got only 60,000 .The loan got sanctioned on delay basis and there was no proper update .
      Was this review helpful? 3
      , thane
      Reviewed on Jan 29, 2020
    • HDFC Bank Personal Loan
      "Too Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      There is no reason for choosing the personal loan from HDFC bank. I have taken the loan amount of Rs. 1.50 lakhs and they provided interest rate of 12.75%. They have offered my loan within 1 week. They do not have any part payment or pre-closure facility. I have been paying EMI amount of Rs. 7514 through auto deduction from my account.
      Was this review helpful? 1
      , thane
      Reviewed on Jan 21, 2020
    • Shubh Loans Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Shubh loans through online.The rate of interest and the processing fee are very less. I have availed this loan for home renovation purpose , I am paying the premium on time. I have not faced any difficulties until this loan got sanctioned .
      Was this review helpful? 0
      , thane
      Reviewed on Jan 20, 2020
    • PaySense Personal Loan
      "Convenient Loan service"
      0.5 4.0/5 "Great!"
      Paysense option was available when am checking my eligibility for loan but because of the less documentation, i have chosen them. They have sanctioned my loan in 3 days. I'm satisfied with the interest rate provided to me and the verification process was smooth. Auto debit option was not activated till now. To pay the premium, i need to pay through online. They do not have any separate customer care support to contact and i can contact them through the chat which is little annoying.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 18, 2020
    • HDFC Bank Personal Loan
      "Choosing the place nearby"
      0.5 3.0/5 "Satisfactory"
      The rate of interest is little bit high 11.99%. The loan amount was Rs. 3.80L but i tried for Rs.5L. EMI is Rs.8293 with the nominal interest rate and the tenure is 5 years. Documentation process needs to be improved and the customer service was good.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 12, 2020
    • HDFC Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan through Online. The loan amount was Rs. 1L.The rate of interest and the processing fee was very less 10.5% EMI of 4800 with the tenure of 2 years. Customer service was good, documentation process was simple uploaded through online and i received a loan within 2 days.
      Was this review helpful? 1
      , thane
      Reviewed on Jan 12, 2020
    • Citibank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      I have applied a personal loan with CITI bank through online. I requested for the amount of 5L but got sanctioned of 2L only with tenure period of 3 years. Rate of interest around 10% and processing fee of 5K. There is an option of pre closure but can be avail after 6 months with some charges. EMI use to pay of 8K.
      Was this review helpful? 6
      , thane
      Reviewed on Jan 10, 2020
    • review Personal Loan
      "Need to reduce rate of interest"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan from BAJAJ Finance through an online. Bank executive has came for verification and collected my documents it been almost 1.5 years completed. I have taken a loan amount of 90K with the interest rate of 19%. The loan amount was disbursed within 2 days. I am paying monthly EMI of 3,970 rupees.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 08, 2020
    • review Personal Loan
      "Need to reduce rate of interest"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Home credit. The interest rate is very high around 30% , bank need to reduce it. I have received the loan amount 50K for 3 years. I am more than double the amount. I applied for loan through online but I went directly to near by shop with the access of home credit for verification.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 08, 2020
    • review Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan second time with Home credit India through Online and availed this loan but previously couldn't make it up.The rate of interest and the processing fee was very high, I wish them to reduce the interest rate. The documents are produced on time.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 06, 2020
    • Tata capital Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I have applied a personal loan with TATA CAPITAL through online. The verification was done on time. I have not submitted any documents to them. The loan amount was sufficient of 1L with tenure period of 1 year. Interest rate was nominal. Since I got a loan amount from my existing bank. So I have decided to cancel the loan process.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 04, 2020
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through HDFC Bank directly.This loan is still running.The rate of interest and the processing fee was nominal .This loan was sanctioned on time and paying the premium on EMI basis and paying the premium on proper time frame .I am much comfortable with the overall service .
      Was this review helpful? 1
      , thane
      Reviewed on Dec 20, 2019
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