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Loan Amount

1L

Max Tenure

3 years

Best Rate

28% p.a

Processing Fee

2000₹

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 28%
  • Processing fee - 2000₹

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

20K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.1%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

50K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Max Tenure

12 - 16 months

Best Rate

16%

Processing Fee

1%

View Details

Features

  • Loans available for salaried individuals
  • Loans are available from Rs 1,00,000/- to Rs 40,00,000/-
  • Repayment tenures from Min 12 Months to Max 60 months
  • Best in Class Rate of Interest
  • Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.
  • Simplified documentation.
  • Simple procedure, minimal documentation and quick approval.

Pricing

  • Interest rate - 16% onwards
  • Processing fee - 1%

Documents Required

  • Duly filled application form
  • KYC documents (proof of identity and proof of address)
  • Proof of income (Latest 2 salary slips)
  • Last 3 months’ bank statement
  • Identity Proof PAN Card/ Valid Passport/ Aadhaar Card/ Election Card..

Loan Amount

35K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

75K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 36.57%
  • Processing fee - 2%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Max Tenure

5 yrs

Best Rate

12.49%

Processing Fee

1.0%

View Details

Features

  • Pre-approved personal loan offer
  • No collateral required
  • Simplified documentation process
  • Flexible Repayment Options
  • Attractive Interest Rates

Pricing

  • Interest Rate: 12.49% onwards
  • Processing Fee:1.0% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

12 months

Best Rate

14%p.a

Processing Fee

1-2%

View Details

Features

  • Instant approval and same day cash transfer.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • Repayment Tenure upto to 36 Months.

Pricing

  • Interest rate - 14% p.a
  • Processing fee - 1-2%

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement

Max Tenure

NA

Best Rate

14.5%

Processing Fee

2.5%

View Details

Features

  • Loans starting from Rs. 50,000
  • Faster processing
  • Simple and minimum documentation
  • Flexible Repayment Options
  • Doorstep Service
  • Affordable Rates & Charges

Pricing

  • Processing Fee:2.5% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

36 months

Best Rate

14% p.m

Processing Fee

4%

View Details

Features

  • Completely Digital
  • Quick loan processing
  • Less documentation

Pricing

  • Interest rate - 14% to 36%
  • Processing Fees - 4% to 8% of loan amount

Documents Required

    Documents Required - Salaried
  • PAN Card
  • Adhaar Card/ Voter ID
  • 1 Current Address Proof
  • E Bill If rented
  • Last 3 months Salary slips
  • Last 3 months (3 salary credits) salaried bank statement – Alternate statement if OD
  • Scanned copy of cancelled cheque of Salaried Account
  • Additional Documents for Self Employed
  • Last 6 months bank statement – Alternate statement if OD/CC (Both savings and Current Bank account statement required wherever Current A/c is available)
  • Business Registration proof
  • Business Address proof
  • Partnership Deed + Business Registration proof
  • If the registration is in the name if the partnership firm, PAN of partnership and ITR and computation will be mandatory

Max Tenure

6 to 36 months

Best Rate

7.99% p.m

Processing Fee

2%

View Details

Features

  • TAT - 1 day ; Quick Loan Disbursal
  • Rate of interest starting from 7.99% ( reducing rate of interest)
  • No prepayment charges
  • No foreclosure charges
  • Flexible tenure 6 to 36 months

Pricing

  • Interest rate – 7.99% onwards
  • Processing fee – 2-4%

Documents Required

  • Photo
  • Pan card
  • Address proof
  • 3 months bank statement
  • 3 months payslips
  • Form 16/ ITR ( if salary above 62500 per month)

Max Tenure

5 yrs

Best Rate

14.75%

Processing Fee

2.25%

Max Tenure

5 yrs*

Best Rate

11.49%*

Processing Fee

999₹*

Max Tenure

5 yrs*

Best Rate

13.99%*

Processing Fee

1500₹*

Max Tenure

5 yrs

Best Rate

12.99%*

Processing Fee

0.5%*

Max Tenure

4 yrs

Best Rate

17.25% *

Processing Fee

2%

Max Tenure

NA

Best Rate

16%

Processing Fee

2.49%

Max Tenure

5 yrs

Best Rate

13.99%

Processing Fee

2%

Max Tenure

nil*

Best Rate

10.95%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

12.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.70%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.45%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.00%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.20%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.65%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.05%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.99%

Processing Fee

nil*

Max Tenure

5 yrs

Best Rate

15.5%

Processing Fee

2.0%

Max Tenure

NA

Best Rate

1%

Processing Fee

3.0%

Max Tenure

1.6 yrs

Best Rate

18%

Processing Fee

2%

Max Tenure

nil*

Best Rate

23.0%

Processing Fee

2%

Max Tenure

nil*

Best Rate

11.99%

Processing Fee

2.5%

Max Tenure

NA

Best Rate

Processing Fee

2%

Max Tenure

1-5 yrs

Best Rate

10.75%

Processing Fee

2%

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Personal Loan in Nagpur

Do you live in Nagpur? Are you looking for a personal loan in Nagpur and wondering what your options are? Read on!

Personal Loans in Nagpur

What is a personal loan?

A personal loan is an unsecured loan, meaning you don’t require any guarantor or collateral to avail the loan. A personal loan could come in handy in emergency situations like a medical treatment, loss of job, or simply to take a luxurious vacation, or can be used as a debt consolidation tool as well. The end use of the loan is not restricted and could be used for any legitimate purpose.

However, it is important to note that personal loans are among the most expensive loans. They come with the highest interest rates since they are 'unsecured'. This is because the bank/NBFC has no safeguard in case of default. The interest rate on a personal loan could range from as low as 11% to as high as 32%.

Key features of a Personal Loan:

  • Loans for salaried & self-employed individuals.
  • Simple documentation, and quick processing
  • Speedy approvals and disbursals
  • Over-the-counter loans subject to certain conditions
  • Flexible tenure—choose from tenures ranging from 1 to 5 years
  • No collateral, security or guarantor required
  • Special offers for professionals
  • Facility to apply online with most of the lenders
  • Special offers for existing Customers
  • Loan amount starting from a few thousands to many lakhs.

Personal Loans in Nagpur—Availability

All major banks and NBFCs offer personal loans in Nagpur. Popular banks and NBFC’s that offer personal loans in Nagpur include: Federal Bank, Indian Overseas Bank, CitiBank, RBL Bank, Indian Bank, IndusInd bank, Union Bank of India, SBI, Bank of India, Canara Bank, Oriental Bank of Commerce, ICICI Bank, IDBI Bank, Standard Chartered Bank, Axis Bank, Punjab National Bank, HDFC Bank, Fullerton, Sundaram Finance, Bajaj Finance, Shriram Finance, etc.

Personal loans in Nagpur for salaried, self-employed, business people and NRIs are available.

Is it possible to get a personal loan in Nagpur with bad credit?

It is not entirely impossible to get a loan with bad credit, but the cost would be high—in terms of interest payments. It is always advisable to raise your credit score to a healthy number of 700 or above, so that you can avail a personal loan at reasonably good terms and interest rate.

Eligibility for Personal Loan in Nagpur

  • Age criteria: The applicant should be between 21 years to 65 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.
  • Minimum salary for salaried people is typically Rs. 15,000 though the salary requirement depends on what tier of city you live in and the company you work for.
  • 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.

You can check your eligibility for a personal loan in Nagpur online, on the lender’s website.

Documents Required for Personal Loans in Nagpur

For salaried / self-employed professionals:

Following are an overview of the documents generally asked while applying for a personal loan in Nagpur:

  • Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
  • Valid Address Proof – Lease/Rent Agreement, Passport, 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
  • Continuity of employment proof, like offer letter, relieving letter, etc.

For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.

  • Degree Certificate / educational documents for self-employed professionals.
  • Proof of business existence
  • Last 3 years Income Tax returns (self and business)
  • Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
  • Any other documents as directed by the Bank or NBFC

Personal Loan in Nagpur With Low Interest

In order to land the best deal on a personal loan, you need to make sure you have a healthy credit score. A score of 750 and above would ensure you land a loan offer with the lowest interest rate.

Tip: The most important and deciding factor is the interest rate. Compare and contrast different features of a personal loan with different lenders before zeroing in on one offer.

Personal Loan in Nagpur FAQS

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. 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 Nagpur.

3. How do I repay the loan?

You can repay the loan amount in convenient EMI (Equated Monthly Instalments).

4. 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.

How to apply for Personal loan in Nagpur:

There are several ways to apply for a personal loan:

  • You can apply directly online at the bank / NBFC's website
  • You can go in person to your nearest branch and apply with the required documents

Need help? Alternatively, if you think you need help with your personal loan application and advice on loan eligibility, then CreditMantri can guide you through the entire process and match you with the loan offer that best suits your unique credit profile.

Nagpur Personal Loan - Customer Reviews

5 / 5 (1 Reviews)
29 Dec 2018

Verry good

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