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Introduction to Personal Loans in Pune

Pune is the second largest city of Maharashtra state after Mumbai and is also an important role in economic and industrial growth. Due to its rich historical past, the city has become the cultural capital of Maharashtra. The city is also termed as ‘Oxford of India’ as it has numerous educational institutes.

The living expenses in Pune are quite low compared to Mumbai, but it is still not so inexpensive place to live in. At times you will need more money for various occasions like a close friend’s wedding, medical emergency or buying a new laptop. At this time, you need an online personal loan in Pune.

Lendingplate offers instant personal loan in Pune to fulfil your financial needs. We offer the lowest interest rate in the market and hence you can borrow money without taking the burden of a high instalment.

Personal Loan EMI Calculator

Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.

Amount
25000
Duration
12 M
Interest Rate
36 %
Monthly EMI

₹2512

Total Interest ₹5144
Total Amount ₹30144

Features and Benefits of Personal Loans in Pune

If you go for an online personal loan in Pune from lendingplate then it comes with a lot of benefits to fulfil your requirements. Due to this personal loans from lendingplate are more than financial support and help to fulfil your dreams without any financial burden.

Online Process

The loan process is online. You don’t have to visit any physical branch.

Multipurpose Loan

There is no restriction on end usage of the loan. You can use the personal loan for any purpose which includes weddings, home renovation, medical emergencies etc.

Instant Funds

We offer instant funds. Within 24 hours of your application, the funds get transferred to your bank account.

No Collateral Required

There is no need for any collateral for online personal loan in Pune. You can easily get a loan from lendingplate without any collateral.

Budget Friendly EMI

You pay what you can afford. We fix budget-friendly EMI to make the loan affordable for you.

Eligibility

You need to meet certain requirements to be eligible for a personal loan. The eligibility criteria for a loan depend on various factors like citizenship, earnings, credit score, loan taken and employment history. Here are the criteria for online personal loan in Pune.

  • Citizenship The loan applicant has to be an Indian Citizen.
  • Minimum Age The minimum age limit for personal loans is 21 years.
  • Credit Score The minimum Credit score shall be 750.
  • Income You shall have a minimum salary of ₹20,000 per month.
  • Salary Credit There has to be regular salary credit in the bank account every month.

Documents

The following documents are required for a personal loan in Pune:

  • Identity Proof: PAN Card, Passport, Aadhaar card, or Driving licence will serve as identity.
  • Residence Proof: Passport, Aadhaar card, or Driving licence will be valid for residence proof.
  • Last 3 month’s bank statement reflecting your income or last three months’ salary slips (For salaried employees)
  • Appointment Letter from Present Employer.

 

How to Apply for a Personal Loan in Pune?

Check Loan Eligibility

Before applying for an online personal loan in Pune you will need to check if you meet the eligibility criteria for a loan or not. For this, you can log on to the lendingplate website and check your loan eligibility.

Upload Documents

After you submit the application, then you need to submit the documents. Upload the necessary documents required on the lendingplate website.

Loan Approval

If your application is found legit and everything is okay then your loan will be approved.

Loan Disbursement

After your loan is approved, your bank account will be credited with loan amount within 24 hours.

Verification

There are loan experts who will review your loan application. After analysing your application and verifying the documents, they will decide whether to approve the loan or not.

Online Application

If you fulfil the eligibility criteria for a personal loan you can proceed to apply for personal loan online. There is an online form available for this. In this form you need to give basic details like age, occupation, income etc. Fill in these details and submit the form.

Interest Rates and Charges on Personal Loans in Pune

We at lendingplate maintain complete transparency with our interest rates as well as other charges mentioned below –

Charges Details about the Charges
Processing Fee 1% - 5% of loan amount
Conversion Fee 1 - 5% of the amount
Interest Rate 12% - 36% per annum
Foreclosure 5% of the amount [Nil when prepaid on or after your]
Mandate Return Fee 500/- [inclusive of GST]

lendingplate’s Personal Loan Available Across India

Frequently Asked Questions

You shall be earning a minimum monthly salary of ₹20,000 to avail personal loan in Pune.

A minimum credit score of 750 is required for an instant personal loan in Pune.

If you have a good credit score and you meet all eligibility criteria then your loan will be approved on an instant basis. It will not take more than 24 hours.

In case of any default in loan repayment, you will have to face penalty charges. In addition to this, your credit score will also be affected. It will be difficult for you to get any loans from any lender in Pune.

There is no specific tax benefit on personal loans in Pune. But in certain scenarios, you can claim tax benefits on a personal loan. For example, personal loans taken for home construction, renovation of a home, education expenses, and starting a business are eligible for tax benefits.

NRIs are not eligible for any personal loan in Pune. Only Indian citizens can apply for personal loans at lendingplate.

The maximum limit for a personal loan is ₹2.50 lakhs.

You can use the personal loan calculator to check the eligibility criteria before applying for a personal loan.

Personal Loan as per Budget

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Personal Loan as per Salary

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