Personal Loan in
Pune

Personal Loans ranging from Rs. 25,000 to Rs. 50 lacs with a tenure period of one to five years.

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*Product Terms may differ based on your Eligibility.

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35

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20K

Customers

18

Months in Operations

Personal Loans in Pune

Personal loans in Pune can be taken by an individual who is struggling to get cash during times of financial instability. The money is provided instantly when the need for emergency cash comes up. Personal loans in Pune do not have a lengthy process as minimal documentation is required. The loan amount ranges from Rs 25,000 to 50,00,000 with a tenure period of one to five years. Personal loans are unsecured loans and do not require an asset to be provided as a collateral by the borrower. Personal loans can be used for a lot of reasons. Usually, a personal loan is obtained for paying off medical bills, home renovation, wedding expenses, personal durable goods and travel expenses. You can use a personal loan if you want to pay off multiple unpaid loans by opting for debt consolidation or balance transfer.

For getting a Personal Loan in Pune, you must have a good credit history and adequate salary to get your personal loan approved by the lender. Apart from a good credit history, lenders also look at your work experience, reputation of the company you work in and your home ownership type (whether you are living in a rented apartment, your family home or in a PG).

Pune is a vibrant metropolitan city known for its evolving business centers and academia. It is known as the cultural centre of Maharashtra with a blend of ancient and modern architecture. It attracts a large number of students, migrants and professionals every year. It is emerging as a major IT and manufacturing hub in India with a prominent automotive sector. It is also the city where a lot of startups have emerged which makes it attractive for a lot of young professionals. As a startup hub, a lot of students and young entrepreneurs opt for borrowing so as to cover the expenses of the initial stages of their venture.

For making a lending decision, the lender looks at your credit report containing your credit history and your personal contact details along with the loan amount for the loan approval. A decent credit history, adequate monthly salary and minimum age are used by the lender to assess the risk involved. If you have a good credit history, lenders would give you a personal loan at low-interest rates and vice versa.

That said, 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 small 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.

Personal Loan: An Overview

Personal Loans are unsecured loans which are offered by financial institutions for a borrower's personal use.

  • bank logo

    11.49%-20% Per Annum

    12 to 60 Months

    Up to 2.5% of the loan amount Maximum 25,000 to Minimum 1,000

  • bank logo

    11.49%-20% Per Annum

    12 to 60 Months

    Up to 2.5% of the loan amount Maximum 25,000 to Minimum 1,000

  • bank logo

    11.49%-20% Per Annum

    12 to 60 Months

    Up to 2.5% of the loan amount Maximum 25,000 to Minimum 1,000

  • bank logo

    11.49%-20% Per Annum

    12 to 60 Months

    Up to 2.5% of the loan amount Maximum 25,000 to Minimum 1,000

* The figures in the table are indicative subject to change with time.

How it Works

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.

1

Registration

register

Apply online in less than 2 minutes

2

Quick Verification

verification

We will review your application and give you a decision within minutes

3

Loan Disbursal

receive loan

Receive the loan amount within two days.

Basic Eligibility Criteria

  • eligibility

    Good Credit Score

  • eligibility

    Above 21 years of Age

  • eligibility

    Self-employed or Salaried professional

  • eligibility

    Resident of India

  • eligibility

    Valid Bank Account

  • eligibility

    PAN Card and Voter ID Card/Driving License

  • eligibility

    Bank Statements for the last three months

  • eligibility

    Salary Slip for last three months

Find out your customized interest rate for a Personal Loan in Pune

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.

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Become a IndiaLends Partner

Become an IndiaLends Partner to earn incentives and rewards!

  • Earn up to 2% for loan Referral
  • Refer for credit report and earn Rs.20 on successful credit report pulled
  • Refer app to another Partner and earn Rs.750 on their first successful disbursal.

** These amount ranges are for total disbursal during the month.

Personal Loans in Pune Reviews

Your reviews motivate us and help us make our service even better

    • user
    • 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

    • user
    • 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

    • user
    • 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

    • user
    • 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

Frequently Ask Questions

Q. How much can I borrow and for how long?

A. You can get personal loans starting from Rs. 25,000 up to Rs.50 Lacs for 1 to 5 years.

Q. Can I repay my loan early?

A. Yes, you can pre-pay your loan as and when you want.

Q. How does Indialends assess my credit worthiness and how long does this take?

A. Each consumer wishing to borrow on the Indialends portal will need to go through a rigorous verification and credit assessment process. The assessment is based on information collected from various data sources like the application form, credit bureaus, bank statements, pay slips, verification reports, social media, etc. The above process is automated and happens within seconds. Hence, you can get an approval shortly after you submit your application.

Q. Why was my application rejected?

A. The reason your application was rejected was because your credit profile did not match the criteria stipulated in the Indialends policy at the time. However, Indialends might be able to approve your application at a later date, if by then your credit file has improved or there have been changes in the Indialends credit policy.

Q. What is my repayment schedule?

A. Repayment of the loan will happen monthly on an EMI (equated monthly installment) basis where the amount will be calculated based on amortizing balance. One or two of the installments might be different which will depend on the timing of the loan.

Q. What happens in the case of a missed payment or non-payment by a borrower?

A. If the monthly payment for a borrower is delayed for any reason, a penalty fee and penal interest might be charged to the borrower. The borrower’s credit file will also get impacted which will restrict him / her to get credit in the future. Legal action may also be taken against the borrower.

Q. What information is shared with the lenders browsing through the profiles?

A. Lenders will have the ability to view detailed profiles of the borrowers, information like financial information, employment information, etc. The personal information of the borrower remains protected as per our privacy policy.

Q. How do I alter my loan request?

A. Loan requests can only be cancelled prior to loan disbursal. In case you want to make any changes to your request please reach out to support@indialends.com. The support team will help you in making the modifications.

Q. How can I make monthly payments?

A. You can pay your EMIs using electronic transfer of funds, ECS.

Q. How will you disburse the loan amount?

A. Soon after the loan is approved, the funds will be transferred right into your bank account.