Personal Loan in Nagpur

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!

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

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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.15,000!

Salary should be Maximum Rs.10 Crore!

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Minimum Turnover Should Be Rs. 3Lakhs!

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

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Personal Loan in Nagpur

Overview of Personal Loan in Nagpur

Personal Loan in Nagpur helps you to maintain your expenses both daily or any emergency case. You can use Personal Loan in Nagpur city to overcome any medical emergency, house renovation, buying any electronic gadget, child’s education cost and much more. There are many personal loan provider in Nagpur which provides instant Personal Loan in Nagpur by asking minimum documents at an attractive interest rate. For obtaining urgent Personal Loan in Nagpur, you need to have a minimum CIBIL score of at least 750 or above, a stable income source and must apply at an early age as you will have higher repaying capacity. You can avail easy Personal Loan in Nagpur city for a loan amount of Rs. 25,000 and Rs. 25 lakhs with easy EMI option up to tenure of 5 years.

Why you should opt for Personal Loan in Nagpur?

Nagpur, the ‘Winter Capital’ of Nagpur is the 5th fastest growing city according to reports. The city is the hub of major political & commercial centre with a huge population. Nagpur also called ‘The Orange City’ is a major orange trader of India contributes to the city’s economic expansion. As a result, the living standard of the people is quite high which increased the need for Easy Personal Loan in Nagpur. Based on your eligibility, Personal Loan Interest Rates in Nagpur differs. A higher interest rate is charged for Personal Loan for a low cibil score in Nagpur. With the need for Personal Loan Finance in Nagpur, you can easily avail Personal Loan in Nagpur city with simple paperwork which gets approved and disbursed very quickly.

Here are the reasons as to why should you opt for Personal Loan in Nagpur-

  • Personal Loan for self employed in Nagpur helps in meeting the financial needs of self-employed professionals.
  • You can avail Personal Loan in Nagpur by comparing Personal Loan Interest Rates in Nagpur of various banks and NBFCs.
  • Individuals with low income structure can easily obtain Personal Loan low salary in Nagpur.
  • You should keep in mind that you need to submit minimum documents for easy Personal Loan in Nagpur, but you cannot opt for Personal Loan without income proof in Nagpur.
  • Unsecured Personal Loan in Nagpur satisfy your financial needs without taking any security.
  • With the help of urgent Personal Loan in Nagpur, you can satisfy your monetary requirement and can repay it using EMI.

Eligibility Criteria for Personal Loan in Nagpur

You need to meet very minimum eligibility criteria for Personal Loan in Nagpur. You need to maintain at least 750 or above CIBIL score and adequate income to meet the eligibility criteria for Personal Loan in Nagpur-

Personal Loan in Nagpur Eligibility Criteria

Salaried

Self-Employed

Age

21-60 years

25-65 years

Amount of Loan

Up to Rs. 25 lakhs (may vary)

Up to Rs. 30 lakhs (may vary)

CIBIL score

750 or above

750 or above

Profession

Working in MNCs, private sectors or govt organization

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

Income

Min- Rs. 20,000

Min Turnover- Rs. 1 crore

Work Experience

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

Stable Business Continuity for at least 3 years

Documents required for Personal Loan in Nagpur

Following are the common set of documents that are required for Personal Loan in Nagpur-

  • Passport size photograph
  • Filled application form
  • Proof of ID- AADHAR Card, Ration Card, PAN Card.
  • Proof of Residence- Passport, Utility Bills like- Water, Gas or Electricity Bills, Driving License.
  • For Salaried

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

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

Personal Loan Interest Rates in Nagpur of different Financial Institutions

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

Banks

Loan Tenure

Interest Rates

Pre-Closure Charges

Processing Fees

ICICI Bank Personal Loan in Nagpur

1-5 years

11.49%*

5% of outstanding principal + GST

Rs. 999*

Axis Bank Personal Loan in Nagpur

1-5 years

15.50%*

NIL

Up to 2.00%

IndusInd Bank Personal Loan in Nagpur

1-5 years

12.99%*

4% of outstanding principal

Up to 2.50%

Bajaj Finserv Personal Loan in Nagpur

1-5 years

14.75%*

NIL

Up to 3%

SBI Personal Loan in Nagpur

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 Nagpur

1-5 years

11.25%*

5% of outstanding principal.

Up to 2.5%

HDFC Bank Personal Loan in Nagpur

1-5 years

11.25%*

Between 2% to 4% of the outstanding principal.

Up to 2.50%

YES Bank Personal Loan in Nagpur

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

Fullerton India Personal Loan in Nagpur

1-5 years

17.25%*

4% of outstanding principal.

Up to 2%

IDFC First Personal Loan in Nagpur

1-5 years

10.99%*

4% of outstanding

2% – 4%

TATA Capital Personal Loan in Nagpur

1-6 years

13.99%*

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

Up to 2%

Aditya Birla Capital Personal Loan in Nagpur

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.

Indiabulls Venture Capital Personal Loan in Nagpur

1-5 years

11.99%*

5% if less than 6 months.

Up to 5%

Capital first Personal Loan in Nagpur

1-5 years

16%*

4% of outstanding

Up to 2.49% of the loan amount

ECL Finance Personal Loan in Nagpur

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

The lowest interest rate charged for Personal Loans in Nagpur is 10.99%*.
The repayment tenure for Personal Loan in Nagpur is between 1 year to 5 years.
The basic eligibility criteria for Personal Loan in Nagpur are- CIBIL score of at least 750 or above, stable income source, good repaying capacity and early applying age.
*Interest rate and Loan approval are subjected to band discretion and approval.