Personal Loans ranging from Rs.25K to Rs.25L with a tenure starting from 6 months.
35
Banks / NBFCs
20K
Customers
18
Months in Operations
Personal loans in Nagpur are easily obtainable as a lot of financial institutions and NBFCs provide personal loans at a decent interest rate. A personal loan is the best option if you do not have an asset to provide as collateral as it is a type of unsecured loan. The loan amount ranges from Rs. 25,000 to Rs. 25 Lakhs with a tenure period of one to five years. Personal loans in Nagpur are best suited for times of contingencies as the loan is provided instantly. Minimal documentation and processing time is taken for the loan approval process.
Usually, a personal loan is obtained for paying off medical bills, home renovation, wedding expenses, personal durable goods and travel expenses. You can opt for a personal loan if you want to pay off multiple unpaid loans by opting for debt consolidation or balance transfer.
Nagpur is an emerging metropolis and the third largest city in Maharashtra. It is the fastest growing city in India in terms of the number of households with an annual income of Rs 1 crore (10 million) or more. It is the main centre of Commerce since its early days and is an important trading region. It has one of the highest literacy rate of 91.92% among the urban regions in India. The orange city is famous for its Nagpur oranges and is a major trade centre of oranges cultivated. A lot of people rely on Personal Loans in Nagpur for starting small businesses.
For obtaining a personal loan in Nagpur with ease, certain requirements such as a decent credit history, adequate monthly salary and minimum age are important. After you apply for a personal loan, your credit report containing your credit history and your final credit score is reviewed by the lender. Thus, if you have a good credit score, lenders would give you a personal loan at low-interest rates and vice versa.
It is best to carry out detailed research and gather relevant information before taking a personal loan. The interest rates, processing fees, flexibility of tenure and pre-payment charges should be compared and the best option should be chosen. Many people fall into the trap of borrowing from private lenders who charge a very high rate of interest. At times, the interest rates can go as high as 30%. It is advisable to turn to online lending platforms as the loans are provided at lower interest rates at these platforms. To get the best deal without going through a lot of trouble, online lending platforms such as IndiaLends.com are a good option. Applying for a personal loan online is convenient as most of the work is done by the online platform. When you apply online, your application is sent to various Banks and NBFCs according to your profile who make a lending decision after reviewing your application. Online platforms like IndiaLends operate without charging any extra fees or attached hidden costs.
A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.
*The figures provided in the table are indicative subject to change from time.
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Good Credit Score
Above 21 years of Age
Salaried professional
Resident of India
Valid Bank Account
PAN Card and Voter ID Card/Driving License
Bank Statements for the last three months
Salary Slip for last three months
Personal Loans in Nagpur Reviews
Your reviews motivate us and help us make our service even better
Vishal Gautam
I was not able to get a personal loan since my CIBIL score was very low. IndiaLends helped me improve my credit health. As my credit score is 750 now, I am planning to apply for a personal loan once again.
5.0
Ram Desai
Based on the customer service, the overall experience with IndiaLends has been great. The security precautions that IndiaLends provides to their customers is definitely, by far, the best I've experience with any lending company till date.
4.0
Sania Singh
I really appreciate their service. As they do what they say. I applied for an unsecured personal loan with IndiaLends and it got disbursed within six days. Though the rate of interest is a bit high, but I guess it is fine when you are in urgent need of a cash.
3.0
Rashee Maggu
I applied for a personal loan at IndiaLends. The process was really swift and satisfactory. I really appreciate their customer service as they do wonderful job in showing right financial path to their customers.
4.0