® 
Max Tenure
24 to 48 Months.
Best Rate
11% P.A
Processing Fee
2.25%
Features
- 100% Online Process.
- No Foreclosure Charges.
Pricing
- Interest rate: 0.92% P.M.
- Processing fee: Upto 2.25%
Documents Required
- ID Proof.
- Address Proof.
- Bank Account Details with E-Mandate Facility.
Your application will be subjected to Bureau Enquiry.
Max Tenure
6 - 36 Months.
Best Rate
14.04% P.A
Processing Fee
4%
Features
- Lower Interest Rates.
- 100% Online Process.
- Minimal documentation.
Pricing
- Interest rate: 1.17% P.M.
- Processing Fees: From 4%
Documents Required
-
Documents Required - Salaried
- ID Proof.
- Address Proof.
- Income proof (Latest 2 salary slips & Last 3 months'bank statement).
- Form 16/ITR.
Loan Amount
1L
Max Tenure
18 Months.
Best Rate
28% p.a
Processing Fee
2000₹
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 30% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS ).
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Max Tenure
2 yrs
Best Rate
18%
Processing Fee
3-4%
Features
- Complete Online Process
- Minimal Documentation
- Faster Disbursal
Pricing
- Processing Fee - 3 to 4 % of Loan Amount
- Interest Rate Starting at - 18%
Documents Required
- Proof of identity and proof od address - (Pan Card and AadharCard)
- Proof of income - Salary Bank Statement
Max Tenure
12-72 Months.
Best Rate
12% P.A.
Processing Fee
1.0%
Features
- Hassle free Process.
- Flexibility of Repayment.
- No end use requirement.
Pricing
- Interest Rate: 0.92% p.m.
- Processing Fee: Upto 2.50%
Documents Required
- Income Proof (Latest 3 salary slips).
Loan Amount
50K
Max Tenure
12 Months.
Best Rate
35.1% p.a
Processing Fee
2.5%
Features
- Minimal Documentation.
- Quick loan processing.
- NTC also allowed for 50 k.
Pricing
- Interest rate - 35% to 37% P.A
- Processing fee - From 2.5%
Documents Required
- ID Proof.
- Address Proof.
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Max Tenure
12 - 60 Months.
Best Rate
12.96% P.A
Processing Fee
2.5%
Features
- Quick loan processing.
- Minimal documentation.
- Affordable Rates & Charges.
Pricing
- Intrest Rate-1.08% p.m.
- Processing Fee - From 2 - 3.5%.
Documents Required
- ID Proof.
- Address proof.
- Income proof (Latest 2 salary slips & Last 3 months'bank statement).
- From 16/ITR.
Max Tenure
3 - 60 Months
Best Rate
16% P.A.
Processing Fee
2% - 5%
Features
- Choice based loan offers available - Bureau Based & Banking Based
- ROI & Tenure will differ basis the loan offer chosen
- Disbursement within 24-28 Hours
- Complete Digital Loan Process
- No Income Documents Required
Pricing
- Interest rate: 1.33% P.M.
- Processing Fee: 2% - 5%
Documents Required
- Proof Of Identity & Proof of Address
- Bureau Based Offer - No Income Documents
- Banking Based Offer - Last 3 Month Bank Statements
Upon applying you provide Incred to pull your bureau Details to check the loan eligibility.
Max Tenure
12-72Months
Best Rate
11.04% P.A.
Processing Fee
3%
Features
- Loan upto 35 Lakhs
- Flexible Tenures upto 6 years
- Faster Loan Process
Pricing
- Interest rate: From 0.92 P.M.
- Processing fee: 1% to 3%
Documents Required
- Last 3 Months Payslips
- Last 6 Months Bank Statements
- Proof Of Identity (Voter ID,Passport,Driving License,Aadhar Card)
- Proof Of Address (Ration Card, Electricity Bill, Passport)
- Proof Of Employment & Ownership - If Required
Loan Amount
1_5L
Max Tenure
36 Months.
Best Rate
Nil*
Processing Fee
Nil*
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 36% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS )
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Max Tenure
12 - 72 Months.
Best Rate
11.04% P.A.
Processing Fee
2.50%
Features
- Minimal Documentation.
- Hassle Free Process.
- Quick loan processing.
Pricing
- Interest Rate: 0.92% P.M.
- Processing fee: 2.50%
Documents Required
- ID Proof.
- Address Proof.
- Income Proof(Latest 3 salary slips).
- Last 6 months'bank statement.
- HDFC Bank Grievance Redressal
- To know more about Product features
Max Tenure
2 - 60 months
Best Rate
15.96% P.A.
Processing Fee
2%
Features
- Disbursal in 116 seconds.
- No foreclosure charges
- 100% Online Process
Pricing
- Interest rate: 1.33% P.M.
- Processing fee: From Rs. 399 upto 2% on Loan amount
Documents Required
- ID Proof.
- Address Proof.
- Income proof (Salary slip,bank statement).
By agreeing and accepting the terms and conditions set out herein, you provide your express consent to Social Worth Technologies Private Limited to access the credit bureaus and credit information report and credit score. You also hereby irrevocably and unconditionally consent to the usage of such credit information being provided by credit bureaus.
Max Tenure
12 - 60 Months.
Best Rate
12.96% P.A.
Processing Fee
1%
Features
- Minimal Documentation.
- Quick loan Processing.
- Balance Transfer Facility.
Pricing
- Interest rate: 1.08% P.M.
- Processing fee: From 0.75 - 2%
Documents Required
- ID Proof.
- Address Proof.
- Income proof (Latest 2 salary slips & Last 3 months'bank statement).
Shriram City Union Personal Loan
Loan Amount
75K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Shriram City Union Personal Loan
Loan Amount
20K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Shriram City Union Personal Loan
Loan Amount
35K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Personal Loans in Pune
All major banks and NBFCs offer personal loans in Pune. Popular banks and NBFCs that offer personal loans in Pune include Bank of India, Canara Bank, Oriental Bank of Commerce, Federal Bank, Indian Overseas Bank, Citibank, RBL Bank, Indian Bank, IndusInd Bank, Union Bank of India, SBI, ICICI Bank, IDBI Bank, Standard Chartered Bank, Axis Bank, Bajaj Finance, Shriram Finance, Punjab National Bank, HDFC Bank, Fullerton, Sundaram Finance, etc. Personal loans in Pune for salaried, self-employed, business.Personal loans in Pune for salaried, self-employed, business people and NRIs are available.
Features and Benefits of Personal Loans in Pune
- Loan tenures usually go up to 5 years and may range up to 7 years for some banks/NBFCs
- Interest rates in Pune usually start @ 7.99% p.a. onwards
- Processing fees of up to 4%
- High loan amounts
- Simple documentation, quick processing, and speedy approvals.
- Instant loan disbursal is offered by some lenders
- No collateral or security required
- Pre-approved personal loans are offered to select customers
- No end usage restriction other than for illegal purposes.
- Loans for salaried & self-employed individuals.
- Over-the-counter loans subject to certain conditions
- Facility to apply online with most of the lenders
Comparison of Personal Loan Interest Rates 2023 In Pune
Bank | Range of Interest Rate | Loan Amount | Loan Tenure | Range of Processing Fee |
|---|---|---|---|---|
11.49% p.a. to 23% p.a. | Up to Rs. 30,00,000 | 12 to 36 months | 2.50% | |
Starting from 10.49% | Up to Rs. 40,00,000 | Up to 60 months | 1.5% to 2% of the loan amount plus GST | |
HDFC Personal loan | 10.75% to 21.50% | Up to Rs. 40,00,000 | 1 to 5 years | Up to 2.50% |
10.49% to 19% | 50000 to 5000000 | 12 to 72 months | Up to 2% on loan amount | |
Fibe (formerly Earlysalary) Personal Loans | Starting at 12% p.a. | Up to Rs. 500000 | 3 to 24 months | 2% to 3% of loan amount |
14.5% per annum onwards | Rs. 50,000 to Rs. 10,00000 | 12 to 60 months | 2% to 4% of the loan amount | |
12% to | Rs. 30,000 to Rs. 7.5 Lakhs | 6 months to 36 months | 4% of the loan amount | |
Starting at 7.99% | Up to 5,000,00 | 6 months to 36 months | 2% to 5% |
HDFC Personal Loans In Pune
HDFC personal loans in Pune range from 10.75% to 21.50%. With flexible repayment tenures ranging from 1 to 5 years and huge loan amounts up to Rs. 40 Lakhs, the personal loan can be availed easily.
Features and Benefits of The HDFC Bank Personal Loans in Pune
- No collateral or security required to avail of a personal loan
- Instant loan disbursal within 1 day of applying for the loan
- Doorstep service
- No guarantor required
- Conditional pre closure after 1 year and this offer is available if necessary documents are uploaded online
- Borrowers can choose the ‘Sarv Suraksha Pro’ policy that includes an accidental hospitalization cover, a permanent disability/accidental death cover, and a credit shield cover.
- Borrowers can also use an optional insurance cover that will provide coverage against personal accidents and critical illnesses.
Axis Bank Personal Loans In Pune
Axis Bank gives personal loans at fixed interest rates starting from 10.49% p.a. onwards. You can get huge loan amounts up to Rs 40 lakhs for flexible tenures of up to 5 years.
Features and Benefits of The Axis Bank Personal Loans in Pune
- No collateral required
- High quantum of loans
- Zero prepayment/foreclosure charges
- Multiple repayment options
- Online loan account facility
- Dedicated helpline
Yes Bank Personal Loans in Pune
Yes Bank personal loan interest rates starting from 10.49% to 19%. With flexible repayment options and huge loan amounts, you can avail these loans for any purpose right from a medical emergency to a wedding.
Features and Benefits of the Yes Bank Personal Loans in Pune
- Quick disbursal of loan funds
- No collateral required
- Fast approval
- Instant disbursal
- Part prepayment option available
- Doorstep banking
- Pre Closure option available
- Top-up loan available
- Balance transfer option available
Fibe (Previously Known as EarlySalary) Personal Loans in Pune
Fibe personal loans can be paid in easy EMIs. The loan comes with lowest interest rates of Rs. 9 per day. The Prepayment option is available at no extra cost.
Features and Benefits of The Fibe Personal Loans in Pune
- No collateral is needed for Fibe personal loans as it is based on your salary
- It comes with an auto-debit option
- You can convert your Fibe personal loans into easy EMIs of 3 to 6.
- You only have to pay the interest for the amount outstanding.
- Zero charges for prepayment of the Fibe personal loan
- Transparency in the loan application process
- You can also apply for a Fibe credit card.
- Instant disbursal to your bank.
- Apply repetitively for loans anytime through the Fibe app.
Credit Score For Personal Loans in Pune
It is crucial to ensure that your credit score is good when applying for a personal loan in Pune. You will be able to get preferential interest rates and the loan amount required when you have a good credit score.Generally, a credit score of 750 and above is considered ideal for easy loan approvals and favorable interest rates. It is not impossible to get a personal loan in Pune for bad credit, but the cost would be high in terms of interest rates.
You will have very few lenders for credit scores in the range of 550 to 650 and absolutely no lenders for credit scores in the range of 500 to 650. It is always advisable to raise your credit score to a healthy number so that you can avail a personal loan at reasonably good terms and interest rates.
Don’t worry if your credit score is low, we at CreditMantri can help you improve your credit score with our expert tips and help you get the best personal loans.
Eligibility for Personal Loan in Pune
- Age criteria: The applicant should be between 21 years to 70 years (at the time of maturity of the loan).
- Salaried, self-employed, and business professionals are eligible to apply. If you are not a regular wage earner, talk to your bank manager about your situation.
- Credit score: Usually 750 and above can increase the chances of availing a personal loan
- Minimum salary for salaried people: Typically Rs. 15,000. Salaried individuals with an income of 25,000 are preferred by lenders.
- Should be staying in the same address/city for at least 1 year
- Total work experience should be at least 2 years
- Should have a stable employment history.
- Minimum income for self-employed individuals: Typically, an annual profit of Rs. 1 lakh to Rs.2 lakh is required for self-employed individuals.
You can verify your eligibility for a personal loan in Pune online, on the lender’s website.
Documents Required For Personal Loans in Pune
For salaried/self-employed professionals:
The following is an overview of the documents generally asked while applying for a personal loan in Pune:
For Salaried Employees
- Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
- Signed application form with photograph
- Age Proof: Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
- Valid Address Proof – Passport, Lease/Rent agreement, Driving License, Ration Card, Utility bill(not more than 3 months old), Bank Statement
- Income Proof Documents – Last 6 months salary slip and latest Form 16
- Bank Statements: Past 6 months bank statement with salary credit
For the self-employed and those into business, the following might be requested in addition to the above-mentioned documents.
- Proof of business existence
- Income Tax returns (self and business) of last 3 years
- Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
- Any other documents as directed by the Bank or NBFC
How To Apply For Personal Loans in Pune?
1. On CreditMantri
Step 1: Click on ‘Check Eligibility’ for the lender you want to apply. If you want to read more about the loan, click on know more.
Step 2: Fill in details like email ID, Mobile number, city, employment type, residence pin code, and info about any loans that you may have.
Step 3: Tick all checkboxes for agreement terms.
Step 4: Click on “Submit”
Step 5: Input the OTP received on your registered mobile number.
Step 6: Proceed with the rest of the application and your application will be processed instantly.
2. Online on the Lender’s Website
Applicants can go to the official website of the lender and apply for the personal loan by following the instructions.3. Offline application
Applicants can walk into the lender’s office or the bank’s branch with all the relevant documents. Ensure that you have already checked the eligibility criteria, features and benefits, charges, and documentation needed, as listed above.Factors influencing personal loan interest rates in Pune
- Monthly Income: The monthly income impacts the loan interest rates. If your monthly income is high, lenders are more confident that you will repay the loan on time. This is also the reason why lenders set a minimum criteria for monthly income.
- Repayment Discipline: A good repayment history ensures that you get a loan with low-interest rates. Lenders perceive you as a low-risk borrower when you have a good repayment history with nil defaults.
- Credit Score: Having a good credit score will fetch you a personal loan at low-interest rates.
Credit Score Range and Interpretation
Credit rating | Analysis | Interpretation |
|---|---|---|
300-550 | Poor | The credit score has to be improved. Indicates poor creditworthiness. No lenders. Even if you get loans, interest rates will be exorbitantly high. |
550-650 | Fair | The credit score has to be improved. There are very few lenders. Low creditworthiness. High-interest rates. |
650-750 | Good | Better interest rates, most lenders will be willing to lend, fair creditworthiness, but can still work to improve |
750-900 | Excellent | highly creditworthy, preferential interest rates, all lenders available, quick loan approval |
Thus, before applying for a personal loan from Pune, you should ensure that you have a good credit score. Don’t worry if your credit score is bad. We at CreditMantri will help you to improve your credit score. We have a team of experts who will guide you to enhance your credit score and get the best personal loan products from the marketplace.
Association with the Lender: Your relationship with the lender plays a major role in obtaining a personal loan with preferential interest rates. If you have already transacted with the lender, they will give you loans at favorable interest rates. This is because lenders tend to trust those about whom they already have information in their database to a larger extent.
Economic Climate and Other Market Factors: Inflation, recession, repo rates, and more have an impact on the cost of your loan. Lenders offer higher personal loan interest rates during inflation and lower interest rates during recession. Low repo rates (rates at which lenders borrow from the RBI) also lead to lower interest rates. So, it directly impacts the personal loan interest rates offered to you. These factors are beyond your control, but you can borrow during low-interest rate periods if possible and get the most out of it.
Personal Loan Customer Care in Pune
Most personal loan lenders in Pune have a dedicated customer care unit to help customers resolve their queries. Customers can also give their suggestions and feedback related to personal loans by contacting customer care. You can contact personal loan customer care number through various ways such as- Telephone
- Visiting the bank
- Mailing the bank
- Contacting nodal officers
- Approach grievance redressal officer
Toll Free numbers for some lenders
Lender | Toll-Free Customer Care Number |
|---|---|
Axis Bank | 1800–103–5577 |
HDFC Bank | 1800 202 6161 |
Yes Bank | 1800 1200 |
Fibe | 020-67639797 |
Personal Loan Status in Pune
Those who have applied for a personal loan in Pune should check the status of the personal loan application. You can track the personal loan status online for many lenders. Some other ways include netbanking, calling customer care, and visiting the bank’s branch.Personal Loan Rejection in Pune
Personal loans could be rejected for several reasons. Rejection of personal loan applications could result in an increase in the number of hard enquiries. When your personal loan application is rejected, you should find out the reasons for rejection. Some reasons for personal loan application rejection could be applying with a low credit score, not matching the other eligibility criteria, not having a steady source of income, and submission of incomplete documents.Personal Loan EMI Calculator
It is always ideal to know the personal loan EMI before taking a personal loan. This will help you to manage your expenses easily and also to repay the loan properly. Personal loan EMI calculators help in computing the personal loan EMIs with ease. All you have to do is enter the loan amount, interest rate, and tenure and the result is displayed instantaneously.FAQS of Personal Loan in Pune
1. What is the minimum and maximum loan amount for salaried people?
The loan amount generally varies from a few thousands to lakhs of rupees depending on various factors like income, credit score, borrowing history, employer profile, repayment capacity etc.
2. What is the interest rate charged on a personal loan?
The interest rate varies with each and every customer, largely depending their individual credit score and credit history as well as lender’s policies.
3. Are there any additional charges like processing fees, etc.?
Yes, you would be required to pay a processing fee which would be deducted from the amount disbursed to you. It generally varies from 0.50% to 3% of the loan amount.
4. What are the tenure ranges for a Personal Loan?
The tenure ranges from 1 year to 5 years. You can choose the option which is best suited to your needs and repay the loan in the stipulated time.
5. Can I finance my business with a personal loan?
Yes, you can opt for a personal loan to finance your business or other miscellaneous expenses.
6. Do I have to pledge any collateral in order to secure a personal loan?
No collateral or security is required for obtaining a personal loan in Pune.
7. How do I repay the loan?
You can repay the loan amount in convenient EMI (Equated Monthly Instalments).
8. What is an EMI?
EMI stands for Equated Monthly Installment and is the monthly amount you need to pay your lender towards servicing your personal loan—interest included.
9. Can I get a personal loan with a credit score of 500?
It is possible to get a personal loan with a poor credit score as low as 500. But, the chances are very limited. Also, you may get only very high interest rates and lower loan amounts. The best way to get a loan with a 500 credit score is to check for prequalified offers from lenders.
10. What is the procedure to apply for a personal loan in Pune?
You can easily get a personal loan in Pune by applying for it online. You can check the details and your eligibility criteria online. You can also compute your EMIs through the EMI calculators available on the lender’s website. By knowing your EMI beforehand, you will be able to manage your finances better. Also, you have to keep your documents ready before applying for the loan.
Pune Personal Loan - Customer Reviews
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