Multiple banks. Different interest rates. Call it a "conflict of interest".
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    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.

    We found 33 Thane Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
    What you'll love
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    Fees & Charges
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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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    Rs.750 Amazon Voucher
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
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    Eligibility Criteria
    Thane Personal Loan is Rated as "Great!" by 798 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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 21 Jan 2019

    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.

    Thane Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I started using the Bank Bazaar platform recently. The customer support follow up during the application process was good. I never had any issues with their services and I am not a regular user of Bank Bazaar. Overall their services are good .
      Was this review helpful? 1
      , thane
      Reviewed on Jan 06, 2019
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan amount was taken with TATA CAPITAL , the customer support is excellent with this bank , i can connect them easily with them . The tenure period is 60month and loan amount is up to the mark . They provide interest rate and processing fee is nominal .
      Was this review helpful? 2
      , thane
      Reviewed on Jan 06, 2019
    • HDFC Bank Personal Loan
      "Nice process"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank is good in the personal loan. They were very fast in the process. I also got the loan on time and the rate of interest and processing charges is nominal. The experience is fine and the after loan services are good too. Till date no hassles.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 14, 2018
    • Axis Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      It was a quick process with Axis Bank for the personal loan. The customer support and response is fine. The loan was also as expected and I got the loan on time. The rate of interest and processing charges was also nominal. In all it has been a good experience.
      Was this review helpful? 2
      , thane
      Reviewed on Dec 14, 2018
    • HSBC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Everything was good at HSBC for the personal loan. They contacted me on time and the documentation was smooth too. I also got the loan as needed. The only drawback is I requested for one lakh for one year and they provided a tenure of two years. Else no hassles.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 14, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 4.5/5 "Excellent!"
      I came to know about bankbazaar through one of my friend, my first time experience with bankbazaar was good. Customer service is good and their response is prompt I am using the mobile app of bankbazaar, it is user friendly and easy to use.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My experience was good with TATA CAPITAL for personal loan, the loan amount was for Rs 1.25 lacs with tenure period of 4 years. Rate of interest was nominal when compared to others. I received my loan amount within 5 days and the customer service was good.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 13, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan and the loan amount which they had provided has been sufficient as well. But the interest rate with them has been a little high when compared with the market rate and there has been some charges with them which is high as well as they charged with the processing fee as well.
      Was this review helpful? 2
      , thane
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with the services of Bank Bazaar has been good and they had suggested me with the right things and has explained me with all the details regarding the loan. I had been using their services for the last four months and i had been using the mobile application as well as their website which has been convenient in using.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 11, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The whole process in getting this loan has been good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been a little high when compared with the market rate. Their customer support has been good but they had promised about the disbursement but it had been delayed by one day.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good in the customer services and response. The website is also good and it is user friendly and very useful too. The portal is informative and I could navigate with ease. There were follow up calls as well in the process. I had no hassles.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 11, 2018
    • IndusInd Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a good experience with Indusind Bank for the personal loan. I got the loan as expected but there was a bit of delay of couple of weeks to get the loan. The rate of interest is around 15% and the processing charges is waived off. The after loan services are good.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Quick and Efficient"
      0.5 5.0/5 "Blown Away!"
      I am a long time user of Bank Bazaar.I often hang on the website to check stuffs. Recently i applied for personal loan and my application was taken care by bank bazaar and was sent for approval. Things were taken care and i am a Happy customer of Bank Bazaar.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 10, 2018
    • Citibank Personal Loan
      "Too much Documentation"
      0.5 4.0/5 "Great!"
      I applied for a personal loan with Citibank and it got approved. There was a bit delay in the process and i would like to admit that there was too much of documentation work. Well most of the bank do it with just few documents but here i felt that way. Interest rates are fine .
      Was this review helpful? 2
      , thane
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Good in service"
      0.5 5.0/5 "Blown Away!"
      I carry a good experience with Bank Bazaar. I had applied for a personal loan and my request was taken care. There was proper follow up done and on time my application was approved. This is the first time on Bank Bazaar and i am looking forward too.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 10, 2018
    • ICICI Bank Personal Loan
      "Good In Service"
      0.5 5.0/5 "Blown Away!"
      I have a Personal loan going with ICICI bank. With ICICI bank this is my first loan. There was no delay in the process, it was processed on time and also coming to the rate of interest it is reasonable compared to other banks. Overall a good service from ICICI.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      After I submitted my details online I received a call back and there was no delay. The website is good and it is easy to use and the portal is user friendly. I had no hassles overall to get connected with the bank. The services are good and responsive.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 08, 2018
    • Early Salary Personal Loan
      "Good in process"
      0.5 4.0/5 "Great!"
      I did not face any issues with Early Salary for the personal loan. The customer services are good, they were very clear in the communication and they also helped me out with the application. It would be better if the the assured loan amount is provided to the customer and the fore closure details provided as well.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 08, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of bankbazaar from last 3-4 months, the services provided by bankbazaar is good when compared to others. Customer service was good and they responded on time. Mobile app is easy to navigate and user friendly to use.
      Was this review helpful? 2
      , thane
      Reviewed on Nov 16, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with Early Salary for personal loan, they gave the loan amount for Rs 10000 for the tenure period of 30 days with nominal interest rate. They gave a less limit for this loan. Customer support was good and they followed up on time.
      Was this review helpful? 2
      , thane
      Reviewed on Nov 16, 2018
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