Personal Loan in Pune

Personal Loans ranging from Rs.25K to Rs.25L with a tenure starting from 6 months.

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Our Financial Institutions

  • HDFC Bank
  • ICICI Bank
  • Fullerton India
  • Yes Bank
  • Axis Bank
  • IDFC Bank
  • Tata Capital
  • Indiabulls
  • Ujjivan Small Finance Bank

Basic Eligibility Criteria

You're probably eligible for a Loan if you are

  • At Least 23 Years Old

  • Less Than 65 Years Old

  • Salary must be in your account

  • Minimum salary required Rs.15000/Month credit in bank

  • Minimum job experience / stability 6 months

Get Easy Personal Loans in Pune from AapkaBank  


There are many reasons for which you need a personal loan. It is not always possible to meet all your daily or occasional requirements from your pocket. Sometimes, you can be short of cash or to consider any big expense, you may need some financial help. You can go for personal loans to making any big purchase or meeting essential obligations. You can now acquire the personal loan and can pay it back in easy EMI’s.

Personal loans are the loans that are unsecured which means you don’t need to provide any security to acquire these loans. There are so many people out there who are looking for the best personal loans to meet their requirements.  

When looking for the best personal loans in Pune, then AapkaBank is the right and the perfect destination for you. We are personal loan providers at the lowest rate. You can acquire your personal loans from the system of qualified and prepared personnel of AapkaBank. Now you take your life back on the track with the help of our personal loans. We do not even charge any additional commission on the advances for which you apply even online.   

We guarantee you for offering you the best and arrange personal loans keeping in view your interest. You can acquire loans for different some of the money as per your requirements and on the different reimbursement cycles. Basically, the cycle will depend on the amount of money taken as a loan and the reason behind the loan.   

Before applying for the personal loans from AapkaBank, you can visit our website to know in detail about the eligibility criteria for taking personal loans. Every institution may have some different qualification requirements for taking personal loans. You can now even get to know everything about your credit history with the help of our free credit report. We offer you the best deals and known as the best personal loan provider in Pune.
 

So, now the question arises on how you can apply for personal loans. Here are the two options in applying for personal loans:  

  • Visit the website of AapkaBank and can apply for personal loans online. 
  • You can even go personally to the personal loan provider and can apply for it. 
  Both these convenient options are provided to the customer so that they can easily apply for the personal loan. Loan providers even provide some additional benefit of a low rate of interest to some customers. Those customers are the ones who are having a good credit history or having a good credit score. Still, there are many factors on which the interest rates of personal loans depend on. To get exciting loans offers, you can score a better credit score.   

To be eligible to take personal loans, you require some essential documents, such as   

  • A proof of your identity: you need an identity proof to acquire a personal loan. Identity proof can be in the form of a PAN card, driving license, Aadhar card, etc. 
  • A proof for your address: address proof is essential to acquire business loans. You can add documents that include or shows your proof of address.  ü  Proof of income
  •  Your bank statements of the last 6 months 
  • Proof of your employment in the form of an offer letter, etc.   

There can be some additional documents required for the self-employed person in addition to all these documents. That will include:   

  • Documents relating to educational qualifications including certificates etc
  • Proof of their business  ü  ITR returns of both business as well as of self
  • Various financial statements of a business certified or marked by a Chartered accountant.    
It is now easy to obtain a personal loan as compared to many years ago. You can fulfill the requirements of the above-discussed documents to obtain a personal loan. There can be so many purposes behind acquiring a personal loan. Some of the purposes are discussed as follows:  
  • Pay off debt: If you are paying high interest on other secured loans or you may have any burden of other debt, then to consolidate it, you may take personal loans. You can now pay lower EMI’s or interest rate on a personal loan if you have a good credit history. 
  • Unexpected expenses: Some expenses are the planned expenses for which we are aware of like expenses for marriage, education, renovating your home, and so on. But still, there are so many expenses which can burst unexpectedly. You may or may not be able to meet those kinds of expenses, and for that, you can take the help of personal loans. Unexpected expenses may include any medical expense, job-related loss, to meet the sudden personal requirement. 
  • Meet expenses relating to your home: There can be so many reasons or the expenses which may arrive suddenly and can make a big hole in your pocket. These expenses include the sudden breakdown of some gadgets, electric appliances, automobiles, or other personal expenses for which you are unable to pay. Personal loans apply in Pune can be done for these purposes. 
  • Expenses relating to your personal decisions: You may face sudden expenses that can be relating to the various decisions of your personal life. These expenses may include expenses after divorce, the sudden marriage of children, newborn baby-related expenses or pregnancy expenses, and so on. 
  • The expense relating to big purchases: Paying for the daily routine purchases will be easy and can be managed from your salary or your daily income. But when you are going to purchase something big of a higher cost, then you need additional funds for this. In this case, acquiring a personal loan from AapkaBank will be the right decision. You can now meet your big purchases or sudden expenses with personal loans. 
Most of the people live in stress or even go in depression that how will they pay off their debt, meet big expenses or sudden expenses but worrying is not the solution for this problem, go for personal loans to get financial assistance.    
Contact us for the right loan!

                                                 FAQs

Q1. Where can a Personal Loan be used?
Personal loans can be used for any purpose such as medical emergency, wedding expenses, business expansion, house renovation, vacation expenses etc. It can be utilized towards debt consolidation, paying for the down payment of new house or meeting educational expenses. The uses for which personal loan in Pune can be utilized is limitless. The banks do not put any restrictions on its use. This is the very primary reason that demand for a personal loan is high as any kind of expenses can be met without much burden on its users. Hence personal loan is becoming the first choice of many people.

Q2.What is the eligibility criteria for applying for personal loan?
For applying for Personal Loan in Puneone must need to follow certain requirements such as there must be a regular source of income whether you are salaried or self-employed. This is an essential factor as it determines whether you are capable of repaying the loan back or not. Another important requirement in case of a salaried employee is the company where he/she is working, and also, the credit history plays an important role in determining the rate of interest. Also, one must be minimum of 21 years of age and not exceeding 60 years of age. One can easily apply and get personal loan online as well.

Q3. What is the minimum amount one needs to borrow in case of a personal loan?
The minimum amount that one needs to borrow in case of a personal loan varies from banks to banks. It depends upon different banks procedures and policy and also depends upon other factors as well. But usually, the minimum amount of easy personal loan varies from Rs. 25000 to Rs.30000. It may vary, but this is the standard limit. It is advisable to go through different lenders to choose the one which fulfils your requirements. Sometimes it also depends upon the source of income of one applying for the personal loan in Pune.

Q4. What is the process of calculating the maximum amount of the loan?
The maximum amount that one can avail through personal loan varies from person to person. It usually depends upon the financial capability of the person in repaying the loan. For salaried employees, the maximum amount is decided on the basis of their salary. The loan amount is decided in such a way that it EMI of the personal loan should not exceed 30 to 40 per cent of their salary. And in the case of self-employed, the maximum amount of personal loan is calculated on the basis of their profit. For this statement of profit and loss is analysed.
Also, if there are other loans, then they are also taken into consideration. Credit history also plays an important role in availing a low-interest personal loan in Pune.

Q5. What is the time period for which personal loan can be availed?

A personal loan is high in demand not only because it can be put to multiple uses without any restrictions imposed by the bank but also the flexible tenure it can be borrowed for. The tenure for which personal loan in Pune can be availed is from 12 months to 60 months. One can choose the time period as per their requirement, and it also depends upon the uses for which personal loan is borrowed. In some situation, a shorter or longer time period than the standard can be allowed by the lenders.

Q6.What are the various important documents that are required for a personal loan in Pune?
The documents that are required for the personal loan may vary from bank to bank. But some key documents are required by every bank or financial institution. These includes:
• Document showing the proof of income.
• Proof of Address
• Documents relating to the proof of identity
• Any other documents as specified by the lender.
It is important to go through all the requirements of the lender before applying for the loan so that there is no headache afterwards. The whole process has been made simpler by applying for a personal loan online.

Q7. What is the process of personal loan approval?
The process of personal loan approval in Pune is very easy. It does not involve a number of lengthy and cumbersome steps, and the loan can be availed within a few days which was not possible earlier as one has wait for a longer time to get the loan approved. The approval process depends upon the lender to lender. The process can be completed within 48 hours, or it might take a week or two but not more than that. All one needs to get it documents ready so that process of personal loan can be approved at a fast rate and you can then put the amount of loan to use. Moreover, it has become easier through personal loan online approval.

Q8. What are the rates charged on a personal loan?
Personal loans are unsecured form of loans, i.e. one does not have to mortgage security in order to get the loan. Being an unsecured loan, the rate of interest charges on them are slightly higher when compared to other types of secured loans. The prevailing interest rates are different as per banks discretion, but the lowest personal loan rate in Pune charged is around 10.99 per cent. There are certainly other factors that also affect the rate of interest such as credit history of the applicant, the income level of the applicant, tenure for which loan is applied for and also other loans that are being taken by the applicant also affect the rate of interest on this loan.

Q9. How to compare interest loan rate?
The interest rates charged on personal loans differ from bank to bank as it depends upon a number of factors. One must compare the interest rate of different banks and other financial institutions to get low interest personal loan in Pune. One can compare the interest loan rate of different banks through Aapka Bank that provides you with all the details that are required in order to make an informed decision. In order to get the lowest rate on personal loan in Pune, one may consider Aapka Bank for all the guidance.

Q10. How to get the lowest interest rate on personal loan ?
As more and more banks, as well as other financial institutions, are offering personal loan in Pune, one can compare the interest and thus get the lowest interest rate as per their requirements. Earlier one has to go physically to different banks and financial institution in order to know about the interest rate, which made it difficult to get the best deal. It has now been made easier through the platform of Aapka Bank that makes available the different rate interest of various banks or NBFCs so you can choose the best interest rate for loan.