Personal Loan in Maharashtra

Salaried Self-Employed

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

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Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

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Minimum Turnover Should Be Rs. 3 Lakhs!

Turnover Limit Exceeded !

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

4.5 /5(500 Votes)

Personal Loan in Maharashtra

Overview of Personal Loan in Maharashtra

Personal Loan in Maharashtra offers financial support without taking any mortgage as security so, it is an unsecured Personal Loan in Maharashtra. You can use Easy Personal Loan in Maharashtra to fulfill your financial needs starting from any medical expense, education expense of your child, wedding purpose or buying new car or bike. There is no limit to use Personal Loan in Maharashtra. For availing low interest Personal Loan in Maharashtra, you need to have a good credit score with high salary income and good repaying history. You can avail Instant Personal Loan in Maharashtra at a highly competitive interest rate with easy loan approval and repaying it with easy EMIs with a loan tenure up to 60 months. Personal Loan in Maharashtra is available up to a number of Rs. 25 lakhs but different banks offer different loan amount based on your loan eligibility.

Why should you opt for Personal Loan in Maharashtra?

Maharashtra, one of the most populous state in India attracts huge migration and has emerged as a vast industrial & manufacturing hub along with the center of the renowned film industry in Mumbai. The standard of living is increasing every day which put forward the need for Personal Loan in Maharashtra. Also, you can avail Personal Loan in Mumbai Maharashtra, Personal Loan in Nagpur Maharashtra, Personal Loan in Mumbai Andheri Maharashtra, Personal Loan in Pune Maharashtra, Personal Loan in Navi Mumbai Maharashtra to cope up with your financial needs. Applicants with a high salary and CIBIL score of at least 750 or above can easily avail low interest Personal Loan in Maharashtra. But Personal Loan for cibil defaulters in Thane Maharashtra is not possible.

Here are the points as to why you should opt for Personal Loan in Maharashtra-

  • Flexible EMIs with loan tenure up to 5 years is offered for Personal Loans in Maharashtra.
  • With the help of instant Personal Loan in Maharashtra, you don’t have to worry about your financial needs.
  • You can avail Personal Loan in Maharashtra from Rs. 25,000 to Rs. 25 lakhs based on your loan eligibility. But different financial institutions have a different limit on the loan amount.
  • With the help of instant Personal Loan in Maharashtra, your immediate monetary need gets fulfilled without much hassles.
  • Online Personal Loan in Maharashtra makes loan experience very easily accessible and user-friendly.
  • Higher interest rate will be charged for low cibil score Personal Loan in Maharashtra.

Eligibility Criteria for Personal Loan in Maharashtra

To get Personal Loan in Maharashtra at a lower rate of interest, you need to satisfy the eligibility criteria for Personal Loan in Maharashtra. You are required to have a steady income source and a credit score of at least 750 or above to get easy Personal Loan in Maharashtra at an attractive interest rate.

Following is the common eligibility criteria for Personal Loan in Maharashtra that needs to be satisfied-

Personal Loan in Maharashtra Eligibility Criteria

Salaried

Self-Employed

Age

21-60 years

25-65 years

Profession

Working in MNCs, private sectors or govt organization

Business Professionals, partnership firms,private or public ltd. companies, sole propritership firms, etc.

Work Experience

Minimum 2 years with at least 1 year in the present company

Stable Business Continuity for at least 3 years

Income

Min- Rs. 20,000

Min Turnover- Rs. 1 crore

CIBIL score/Credit score

750 or above

750 or above

Amount of Loan

Up to Rs. 25 lakhs (may vary)

Up to Rs. 30 lakhs (may vary)

Documents required for Personal Loan in Maharashtra

Following set of testimonials that are essential for easy Personal Loan in Maharashtra-

  • Passport size photo
  • Filled loan application form
  • ID proof- AADHAR Card, PAN Card, Ration Card.
  • Address Proof- Passport, Utility Bills like- Gas, Water or Electricity Bills, Driving License.
  • For Salaried

    • Updated bank a/c Statement of last 6 months.
    • Salary slip for last 3 months.
    • Copy of Form 16.
  • For Self-Employed

    • Balance Sheet of last 2 years and Copy of Profit & Loss statement of last 2 years
    • Last 3 years details of ITR report.
    • Verified copy of Trade License/Sales Tax Certificate/Partnership Deed/Memorandum and Articles of Association.

Personal Loan Interest Rates in Maharashtra of different Financial Institutions

You can easily Personal Loans in Maharashtra by comparing Personal Loan interest rates in Maharashtra of all banks and NBFCs-

Banks

Loan Tenure

Interest Rates

Pre-Closure Charges

Processing Fees

HDFC Bank Personal Loan in Maharashtra

1-5 years

11.25%*

Between 2% to 4% of the outstanding principal.

Up to 2.50%

IndusInd Bank Personal Loan in Maharashtra

1-5 years

12.99%*

4% of outstanding principal

Up to 2.50%

YES Bank Personal Loan in Maharashtra

1-5 years

14%*

Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months :No charges.

2% or 3% of the principal

SBI Personal Loan in Maharashtra

1-5 years

12.50%*-16.60%*

3% of the prepaid amount (after 1st EMI)

Up to 3% of the loan amount

Kotak Mahindra Bank Personal Loan in Maharashtra

1-5 years

11.25%*

5% of outstanding principal.

Up to 2.5%

ICICI Bank Personal Loan in Maharashtra

1-5 years

11.49%*

5% of outstanding principal + GST

Rs. 999*

Axis Bank Personal Loan in Maharashtra

1-5 years

15.50%*

NIL

Up to 2.00%

Fullerton India Personal Loan in Maharashtra

1-5 years

17.25%*

4% of outstanding principal.

Up to 2%

Capital first Personal Loan in Maharashtra

1-5 years

16%*

4% of outstanding

Up to 2.49% of the loan amount

Indiabulls Venture Capital Personal Loan in Maharashtra

1-5 years

11.99%*

5% if less than 6 months.

Up to 5%

Aditya Birla Capital Personal Loan in Maharashtra

1-5 years

11.75%*

4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.

1% of principal.

TATA Capital Personal Loan in Maharashtra

1-6 years

13.99%*

4.5% of the outstanding principal. And NIL for the initial 6 months

Up to 2%

IDFC First Personal Loan in Maharashtra

1-5 years

10.99%*

4% of outstanding

2% – 4%

Bajaj Finserv Personal Loan in Maharashtra

1-5 years

14.75%*

NIL

Up to 3%

ECL Finance Personal Loan in Maharashtra

1-5 years

17.50%*

4% of principal amount outstanding+GST

Up to 2% of the loan amount

*Interest rates change time to time.

FAQ’s

As a salaried professional, you need to have a minimum of 2 years of experience and at least 1 year in the present organization. And for a self-employed professional, you need to have a stable business of minimum 3 to 5 years.
The processing fees of different banks and NBFCs are different for Personal Loan in Maharashtra. But usually, processing fee ranges up to 3%.
Personal Loan in Maharashtra gets highly affected by your credit score and repaying capability.
*Interest rate and Loan approval are subjected to band discretion and approval.