Personal Loan in Pune

Pune, the cultural capital of Maharashtra, is not only known for its vibrant and colorful culture, but it is also a home to many top-notch IT as well as financial companies. When it comes to finance, this city will never disappoint its people as it has a wide network of public as well as private lenders, fulfilling the needs of all.

When it comes to a personal loan, it offers many features and benefits to the borrowers. Yes, it is easy to avail, comes with easy repayment options and last but not the least, you can take it to meet any personal needs, without thinking much.

Personal Loan Providers in Pune

Bank NameBank NameProcessing Fee
State Bank of India (SBI)10.35% - 14.75%NIL-1% of the Loan Amount + GST
HDFC Bank10.75% - 21.30%NIL-2.50% of the loan amount + GST
ICICI Bank10.99% - 18.49%₹999-2.25% of the loan amount + GST
Axis Bank12.00% - 24.00%1.50%-2.00% of the loan amount + GST
Punjab National Bank9.20% - 12.05%0.35% of the loan amount, subject to a minimum of ₹2,500 and maximum of ₹15,000
Bank of India10.75% - 12.75%2% of the loan amount
Bank of Baroda10.50% - 15.50%2% of the loan amount, subject to a minimum of ₹1,000 and maximum of ₹10,000
Central Bank of India10.25% - 10.30%₹500 + GST
IDBI Bank9.65% - 12.40%As applicable by the bank

Personal Loan Interest Rates in Pune

Interest Rates9.20% - 33.00%
Processing Fee1%-2.00% of the loan amount+GST
Pre-payment Charges3%-5.00% of the principal outstanding+GST
Repayment Period Upto 5 Years
Lowest EMI ₹2,204-2,935 (per Lakh)

Personal Loan Eligibility Criteria

Personal Loan Eligibility for Salaried in Pune

AspectsWhat’s Required
Age21-60 Years
Minimum Annual Income₹1,44,000-1,80,000
Overall Experience2-3 Years
Minimum Work Experience with the Current Employer1 Year

Personal Loan Eligibility for Self-employed in Pune

AspectsWhat’s Required
Age24-65 Years
Minimum Annual Income₹1,80,000-2,00,000
Stability in the Same Profession2-3 Years

Personal Loan Calculator

A personal loan EMI calculator online is one such magical tool that helps you in knowing your EMIs, interest outgo and total amount payable for a loan in the best way. This smart device with its simple algorithm functions so quickly that it converts the complex calculation within few seconds. It lets you know about your EMIs, interest outgo and total amount payable in the easiest and simpler manner. All it does is that takes into consideration the tenure, loan amount and interest rate, and in return gives you the exact calculations of your EMIs, interest outgo and total amount payable. Let’s understand this thing with the help of an example listed below.

Suppose, Akash Sharma, a 28-year-old, Marketing Head of a leading organization is looking to buy a personal loan of ₹2 Lakh so that he can pay his credit card debt. And, the best thing is that after checking his profile, one lender has agreed to offer him the same amount at an interest rate of 15% per annum for a tenure of 5 years. But before signing the deal, Akash wants to know, whether his EMIs are going to be pocket-friendly or not.  Thus, he used an EMI calculator for the same. Go to the table below to know more about the calculations.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 2,00,00015%1₹ 18,052₹ 16,620₹ 2,16,620
₹ 2,00,00015%2₹ 9697₹ 32,736₹ 2,32,736
₹ 2,00,00015%3₹ 6933₹ 49,590₹ 2,49,590
₹ 2,00,00015%4₹ 5566₹ 67,175₹ 2,67,175
₹ 2,00,00015%5₹ 4758₹ 85,479₹ 2,85,479

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 29,038₹ 28,057₹ 1,70,961
2₹ 33,706₹ 23,389₹ 1,37,254
3₹ 39,125₹ 17,971₹ 98,129
4₹ 45,414₹ 11,681₹ 52,715
5₹ 52,773₹ 4381₹ 0

Documents Required for Personal Loan Pune

  • Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
  • Address Proof- Utility bill/Passport/Aadhar card/Voter ID
  • Income Proof- Latest Salary Slip/ ITR/Form-16
  • Bank Statement- Last 3-6 Month Bank Statement

Easy Personal Loan in Pune

Availing a personal loan in Pune is easy as there are many top banks are there, best known for offering the lucrative deals to all. These lenders by offering the credit at competitive rates, minimal charges and flexible repayment options ensure that you grab the best deal. You can either visit the nearby branch or you can also apply online to get the credit instantly.

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  • Personal Loan Interest Rates May 2020
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.49%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL17.50% - 24.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%