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  • Thane Personal Loan

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  • 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 33 Thane Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    100% PAPERLESS APPROVAL
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Ad Accelerated Approval
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    Fees & Charges
    Good to Know
    Customer Reviews
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    2.30% - 3.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
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    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
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    Fees & Charges
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    Eligibility Criteria
    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
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    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
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    Eligibility Criteria
    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    What you'll love
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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 17 Jul 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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

        

    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

    • HSBC Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan in HSBC bank more than a month which was processed directly to bank. The process was smooth and loan got sanctioned on time. The amount was sufficient for the tenure of 4 years. The rate of interest and fee are nominal for 10.9%.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 16, 2019
    • Capital First
      Capital First Personal Loan
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I have been using the personal loan from last 2013, the loan amount given was good and the rate of interest was 15.50%, the duration for repaying the loan was 3 years. The documentation process was good also there was processing fee applicable.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 13, 2019
    • ICICI Bank Personal Loan
      "Hassle free experience"
      0.5 4.0/5 "Great!"
      I took Rs. 2.80 lakhs of loan from ICICI with 10.9% of interest, they called and send the person to collect the papers within three days of time. They approved the loan and sanctioned the amount, I don't want to visit to the bank everything happened through the phone.
      Was this review helpful? 3
      , thane
      Reviewed on Jul 11, 2019
    • Bank Bazaar Personal Loan
      "Good Portal"
      0.5 4.0/5 "Great!"
      I got a call from Bank Bazaar and arranged calls from different bank for my personal loan application. They are really taking care of the people, the associates have called and gave me the proper support. I am using Bank Bazaar portal for last one year its a place for financial search.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 11, 2019
    • Tata capital Personal Loan
      "Interest rate should be reduced"
      0.5 2.0/5 "Expected more"
      I heard Tata Capital was charging more interest, they told around 12.5% but I was looking for less interest hence I dropped the plan. Finally I took loan in ICICI with 10.9% of interest. The response is also not upto the interest when I ask for the negotiation.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 11, 2019
    • Bank Bazaar Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I came to know about Bank bazaar service through on line, this is my first experience with me, their service is good, their customer care use to response me properly, but one suggest i would like to give them is that there should be easy method to connect to the customer care as it s very difficulty to get connected to customer care.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 10, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been recently applied for personal loan with HDFC bank through on line portal, but they closed my application stating that i am not eligible for this loan as my credit limit is very less, the reason for choosing this bank credit card for their offers they use to give good service, their customer care response is good.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 10, 2019
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the personal loan from last 1 month with ICICI BANK, the documentation process was done through offline. The loan amount given was good also the rate of interest was nominal. There was a processing fee also the customer support is good.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 10, 2019
    • review Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for personal loan directly through Bajaj Finserv ,The rate of interest and the processing fee was nominal ,I have applied for 3 lakhs for the tenure of 5 years ,I have got the loan amount on time and it was sufficient as well ,This loan was still active and there was no drawbacks faced so far ,I am completely satisfied with the service .
      Was this review helpful? 0
      , thane
      Reviewed on Jul 08, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I came to know about Bank bazaar through Advertisement only.I have tried checking credit score it is very useful ,The onbly suggestion is if unable to process any produts need to intimate as early as posible otherwise it will be difficult to serch from some other source .
      Was this review helpful? 0
      , thane
      Reviewed on Jul 08, 2019
    • EDELWIESS Personal Loan
      "Best Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Edelweiss Retail Finance Limited personal Loan through Online .The agent took much time to explain about the loan process and there was no difficulties faced so far on using this account as well.The service was not satisfied hence not taken the loan that is the only issue .
      Was this review helpful? 0
      , thane
      Reviewed on Jul 08, 2019
    • Bank Bazaar Personal Loan
      "Better servcie "
      0.5 4.0/5 "Great!"
      I came know about bankbazaar.com through social media . I am using mobile application 6 months.Customer service is good and response..To check all financial products in the market is the advantage in bank bazaar.com and to differentiate various partners different types products. customer service is good.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 08, 2019
    • Citibank Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      I have chosen Citibank personal loan for doing balance transfer for my existing loan of 5.20 lakhs. The rate of interest is of 12.5% and the customer service is not good and responsive. The documents was collected by the executive. From banker end I received an email that the application got rejected.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 08, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have been applied for personal loan from HDFC bank recently through on line portal, but i close it because of the late process, they were processing loan very late, i need to do follow up they do not properly response where is my application is when it will get sanctions , no proper information given to me.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 07, 2019
    • Axis Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Axis bank from long time, they have given me loan within half hour, they guide me the procedure to apply and through on line portal i uploaded documents, no much formalities required i got this loan, the loan amount they have given me up to 4,80,000 but the rate of interest i felt was bit high but was okay for ma as they did not hide from me about the interest rate they charged me up to 15.99%.
      Was this review helpful? 2
      , thane
      Reviewed on Jul 06, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have come to know about Bankbazaar.com from the internet. I am using Bankbazaar's service for the past 2 months. Their customer service is great. This is first time experience with Bankbabazaar. I am yet to check credit score on their website. Bankbazaar's website and mobile application are simple and easy.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 05, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I applied a loan from HDFC Bank through Bankbazaar. I canceled the loan application as I do not require it anymore. HDFC Bank's customer service is great and very much helpful. This was my first time experience for personal loan through bankbazaar. My overall experience with HDFC is good.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 05, 2019
    • Bank Bazaar Personal Loan
      "ONE STOP SOLUTION"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar.com i am using for the first time for applying the personal loan and i am using through the website and i came to know through the advertisement at the beginning. The customer support is good and they explain the details of the loan.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 04, 2019
    • Citibank Personal Loan
      "BETTER"
      0.5 4.0/5 "Great!"
      The reason for applying the personal loan with CITI BANK is the rate of interest was lesser when compared to the others. The loan got rejected due to location, the expected loan amount was 10L. The documentation process was done, the customer support contacted and it is good.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 04, 2019
    • Bank Bazaar Personal Loan
      "Time saving and customer's friendly"
      0.5 5.0/5 "Blown Away!"
      Whatever the requirement is there, Bank Bazaar have all banking details through the website, I would they are straight forward to the customer, its a good thing within a fraction of second I could know what are the loans offers available, its very easy and informative for all.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 03, 2019
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