Instant Online Personal Loan in Pune
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How it Works!
Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.
Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years
Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque
Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation
Top Banks
Offering Lowest Personal Loan Interest Rates in Pune
|
Lenders |
Interest Rates |
Loan Amount |
Tenure |
Processing Fee |
Apply Online |
|
SBI |
9.60% to 13.60% per annum |
Up to 15 Lakh |
Up to 5 Years |
Nil – 1% of the Loan Amount + GST |
|
|
ICICI |
11.25% to 22.00% per annum |
Up to 20 Lakh |
Up to 5 Years |
Up to 2.25% of loan amount+GST |
|
|
HDFC |
10.75% to 21.30% per annum |
Up to 15 Lakh |
Up to 5 Years |
Up to 2.50% of the loan amount |
|
|
Axis Bank |
12%-24% per annum |
Up to 15 Lakh |
Up to 5 Years |
As applicable by the bank |
|
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Kotak Bank |
10.99%-24% per annum |
Up to Rs.15 Lakh |
Up to 5 Years |
Upto 2.50% of loan amount + GST |
|
|
YES Bank |
10.99% per annum |
Up to Rs.40 Lakh |
Up to 5 Years |
Up to 2.50% of the loan amount +GST |
|
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Tata Capital |
10.99% per annum |
Up to Rs.25 Lakh |
Up to 6 Years |
Up to 2.50% of the loan amount+GST |
|
|
IDFC Bank |
As applicable by the bank |
Up to Rs.25 Lakh |
Up to 5 Years |
3.50% of the loan amount |
|
|
IndusInd Bank |
11.25% per annum |
Up to Rs.15 Lakh |
Up to 5 Years |
Up to 2.50% of the loan amount+GST |
|
|
DCB Bank |
10.22% per annum (one year MCLR) |
Up to Rs.5 Lakh |
Up to 5 Years |
2% of the loan amount+GST |
|
|
Bajaj Finserv |
12.99% per annum |
Up to Rs.25 Lakh |
Up to 5 Years |
Up to 4.13% of the loan amount+GST |
|
|
Aditya Birla Finance |
14%-26% per annum |
Up to Rs.50 Lakh |
Up to 5 Years |
Up to 2% of the loan amount+GST |
|
|
IIFL |
16% per annum |
Up to Rs.25 Lakh |
Up to 5 Years |
Up to 2% of the loan amount+GST |
|
|
HDB Financials |
Up to 36% per annum |
Up to Rs.20 Lakh |
Up to 5 Years |
Up to 2 % of the loan amount |
|
|
Fullerton India |
12.99%-36% per annum |
Up to Rs.25 Lakh |
Up to 5 Years |
Up to 3% of the loan amount |
Apply Now |
Personal Loan Eligibility in Pune
|
Eligibility Criteria |
Salaried |
Self-employed |
|
Minimum Age |
21 |
24 |
|
Maximum Age |
58 |
65 |
|
Minimum Income |
Rs.35,000 monthly |
Rs.2 lakh(annual) |
|
Credit/Cibil Score |
Above 750(out of 900) |
Above 750(out of 900) |
|
Minimum Job/Business Stability |
1-2 Years |
2-3 Years |
|
Minimum Work/Business Experience |
1-2 Years |
3 Years |
|
Minimum Profit After Tax |
NA |
Rs.1-2 lakh(annual) |
Personal Loan in Pune at a Glance
|
Particulars |
Details |
|
Interest Rates |
Starting at 10.99% per annum |
|
Loan Amount |
From Rs 1,00,000-Rs.25,00,000 |
|
Tenure |
Up to 5 Years |
|
Processing Fee |
1.50%-2.50% of the loan amount+GST |
|
Minimum Monthly Income |
Rs.35,000 |
|
Cibil Score |
Above 750 (out of 900) |
|
Prepayment/Foreclosure Charges |
2%-6% of the principal outstanding +GST |
Personal Loan in Pune?
A personal loan is a short-term loan which could be used for any legitimate purpose. You won’t be required to pledge any form of collateral or security. It can be used to meet immediate personal expenses with instant approval and disbursal of the loan amount. A personal loan has several advantages including relatively simple documentation, flexible loan tenures and no restrictions on how you use the money.
This loan comes in handy to meet multiple needs such as:
- Medical Emergencies
- Wedding Expenses
- Debt Consolidation
- Home Renovation/Extension
- Higher Education
- Travelling Expenses
- Purchasing High End Consumer Durables Value
How to Apply for Personal Loan in Pune?
Online mode is the best way to apply for immediate cash loans in Pune. Yes, in case you need the fund urgently, it would be advisable to apply online for the same. The online process is really quick, simple yet secure hence allows you to get the required funds instantly. The process begins with receiving an online loan application, followed by related quotes for the loan if your eligibility matches with the lender. Soon after, you need to submit the required documents, which is followed by an instant personal loan in Pune approval and finally disbursal.
Steps to Apply for Personal Loan in Pune
Step 1: Fill Loan Query Form
Step 2: Get the Quotes
Step 3: Submit the Required Documents
Step 4: Get Instant Approval & Disbursal
CIBIL Score Required for Personal Loan in Pune
Talking about a cibil score, in the case of a personal loan, one should have a score of above 750 out of 900. A good score helps in getting a personal loan easily as lenders would be able to trust you as far as repayment is concerned. Yes, talking about a score, your three-digit numeric summary says a lot about your repayment history. If your repayment/cibil history is neat & clean, your credit score automatically increases. But if you have a poor score which means your cibil history is also in a bad state thus in such a scenario, personal loan for cibil defaulters in Pune is also available. Yes, a low credit score and a bad credit history indicates that you are a defaulter someway hence lenders would find it risky to offer you the loan. So, it is advisable that borrowers should always keep their score up by maintaining the same with tips like timely repayments. After all, a healthy score leads to a smooth personal loan.
Minimum Salary Required to Avail Personal Loan in Pune
The minimum salary required to avail of unsecured loans in Pune is Rs.35,000. With this minimum income, it would be easy for you to repay the loan without any default. A higher-income helps in managing the monthly expenses really well hence easy loan repayments. With a good monthly income, managing your other monthly finances would be easy hence lenders would give away the loan easily. Your monthly income is surely one of the biggest eligibility factors that lenders do consider before offering the loan and if your income meets the required criteria no hassle in availing of the loan.
Personal Loan EMI Calculator
Don’t know the exact amount of EMI you need to pay to your lender? Use a personal loan EMI calculator online as this smart device helps you to know the calculations in a hassle-free manner. Talking about this tool, it has been thoughtfully designed with smart algorithms that lets you know the exact values of your EMI, Interest Outgo and Total Amount Payable. The tool works properly, the moment you enter:
- Loan Amount
- Tenure
- Interest Rat
The moment you enter the above credentials into the device, it will churn out the accurate values hence ensuring that you have a wise financial decision for personal loan in Pune. Let’s understand the working of the device, with the help of an example.
Suppose, an individual has taken a loan for an amount of up to Rs.10 lakh for a tenure of up to 5 years at an interest rate of 14.20% per annum. Below is a table that lets you know the calculations for EMI.
Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|
Loan Amount (in Rs.) |
Interest Rate(per annum) |
Tenure (in Years) |
EMI (in Rs.) |
Total Interest Amount(in Rs.) |
Total Amount=Principal +Interest (in Rs.) |
|
10,00,000 |
14.20% |
1 |
89,881 |
78,575 |
10,78,575 |
|
10,00,000 |
14.20% |
2 |
48,107 |
48,107 |
11,54,578 |
|
10,00,000 |
14.20% |
3 |
34,275 |
2,33,895 |
12,33,895 |
|
10,00,000 |
14.20% |
4 |
27,427 |
3,16,492 |
13,16,492 |
|
10,00,000 |
14.20% |
5 |
23,372 |
4,02,324 |
14,02,324 |
Table Showing Principal, Interest and Balance Amount
|
Year |
Principal (in Rs.) |
Interest(in Rs.) |
Balance Amount(in Rs.) |
|
1 |
1,47,841 |
1,32,623 |
8,52,158 |
|
2 |
1,70,256 |
1,10,208 |
6,81,901 |
|
3 |
1,96,070 |
84,394 |
4,85,830 |
|
4 |
2,25,798 |
54,667 |
2,60,032 |
|
5 |
2,60,306 |
20,432 |
0 |
Personal Loan Fee & Charges
An urgent loan in Pune comes with certain fees and charges. Yes, there are certain charges that a borrower needs to pay to the lender while availing the loan. Charges like processing fee, prepayment and part payment are something a borrower would pay to the lender. A processing fee is a one-time, non-refundable fee that a borrower needs to pay at the time of availing the loan. While prepayment and part payment are additional charges which will be applicable if a borrower opts for either of the same.
Apply for Personal Loan in Pune
Apply Online for Personal Loan in Pune with Quick & Easy Approval and Disbursal in just 1 day*. Apply online.
Feature & Benefit Of Personal Loan
The Best feature and benefit Of a Personal loan in Pune
Instant Approval: On applying for a personal loan online, you can get instant approval, if your eligibility matches. Soon after receiving your application, you can get approved instantly.
Fastest Disbursal: As far as a disbursement is concerned, the required amount will be credited in your respective bank within 5-7 working days. With the fastest disbursement, any financial need can instantly be fulfilled.
Less Documentation: The process of getting a personal loan is really easy and quick. And, when it comes to documents, it is a lot easier. With just a few KYC documents, one can get a personal loan.
Minimal Fee & Other Charges: When it comes to personal loan, one has to pay a one-time processing fee and which is also very reasonable, hence lessen your loan burden.
Good Loan Amount: In case of an instant personal loan, the loan amount ranges between Rs.50,000 to maximum up to Rs.25 lakh which means your instant financial needs can easily be covered.
Flexible Repayment Tenure: A borrower can repay the loan by choosing a flexible tenure of up to 5 years. This repayment tenure allows a borrower to enjoy easy EMIs and less loan burden.
Documents Required For Personal Loan
Mentioned are the personal loan documents for salaried and self-employed.
Complete Online Application
Fillup the Online loan Application in just 2 minutes
Provide Identity Proof
Voter id/ Passport/ Driving License / Aadhaar Card
Address Proof
Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card
Bank Statement
Latest 3 Months Bank Statement or Passbook
Income Proof
For Salaried – Latest 3-month Salary Slip
For Self Employed – ITR and Current Bank Statement of 3 months
Frequently Questions
Can I apply for a loan if I already have an existing one?
Yes, you can apply for a fresh loan, if you already have an existing loan.
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.
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.
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 up to 5% of the outstanding balance.
Are the interest rates on personal loans the same between all banks?
No, it differs from lender to lender.