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Personal Loan in Pune

Pune is the second largest city in Maharashtra. It is also recognised as the cultural capital of the state, where people still preserve the traditional ways of life. The city has maintained a thriving traditional economy while also developing an IT sector, which is gaining swift traction. While the cost of living in Pune are comparatively lower than in Mumbai, it is not an inexpensive place to live in. This is where a personal loan in Pune comes in. An instant personal loan in Pune can help you with anything, from buying a two-wheeler for commute to renovating your beloved home. With banks such as IDFC FIRST Bank, you can get instant personal loans in Pune at low cost. The interest rate offered is among the lowest in the market, which gives you the opportunity to live your life without feeling burdened by EMIs. Apply now!

Features and benefits of an instant personal loan

An instant personal loan is also called an online personal loan in Pune, given that all the procedures you need to complete while applying for the loan are completely online. A few features and benefits of an instant loan in Pune are:

Competitive interest rates starting at 10.99%

Competitive interest rates starting at 10.99%

Completely digital, paperless online process

Completely digital, paperless online process

Balance transfer of existing personal loans and credit cards at affordable rates.

Balance transfer of existing personal loans and credit cards at affordable rates.

Use a Personal Loan in Pune to Fulfil Your Needs

Living in Pune can sometimes be more expensive than expected. When unexpected expenses arise, many individuals choose a personal loan to manage their financial needs. Here are some common situations where a personal loan in Pune can come in handy:

Travel expenses

Embark on your dream adventures with a travel loan designed exclusively for elite travellers.

Weddings

With weddings bringing unexpected costs, an instant wedding loan is a go-to solution for many.

Home renovation

Moving into a new space? A home renovation loan can help meet renovation expenses with ease.

Medical emergencies

A medical loan serves as a financial backup during sudden medical emergencies.

Travel expenses

Embark on your dream adventures with a travel loan designed exclusively for elite travellers.

Weddings

With weddings bringing unexpected costs, an instant wedding loan is a go-to solution for many.

Home renovation

Moving into a new space? A home renovation loan can help meet renovation expenses with ease.

Medical emergencies

A medical loan serves as a financial backup during sudden medical emergencies.

How to apply for a personal loan in Pune?

If you wish to apply for an instant loan in Pune online, there are a few steps you need to complete. These steps include:

Stage 1: Online application

Go to our website or the IDFC FIRST Bank Loans app if you want to apply for an instant personal loan. You can also apply for a personal loan online by filling out an online application form.

Stage 2: Approval

Passing the eligibility check will ensure you attain the approval of your loan.

Stage 3: Upload documents

Provide the documents online to complete the application process.

Stage 4: Disbursal

As your documents get verified, the loan amount will be transferred into your account. IDFC FIRST Bank is among the finest personal loan providers in Pune. The entire process is completely online, with the money reaching your account quickly and efficiently.

Eligibility

Documentation

If you are applying for a loan with IDFC FIRST Bank, you will need the following documents:

  • PAN Card
  • Form 60 (To be submitted only if PAN card is not available)
  • Any 1 Official Valid Document (OVD) is mandatory from the below:
  • Valid Passport with expiry date, photograph, and signature
  • Aadhaar Card issued by UIDAI
  • Voter’s Identity Card issued by Election Commission of India
  • Driving License issued by regional transport authority
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • National Population Register containing details of name and address

Who Can Apply

For self-employed individuals

  • Minimum age: 21
  • Maximum age: 65 (at the time of loan maturity)
  • Your business must have existed for a minimum of 3 years
  • Minimum credit score of 730

For salaried individuals

  • Minimum age: 21
  • Maximum age: 60 (at the time of loan maturity) or retirement, whichever comes first
  • Minimum monthly salary: ₹20,000 per month
  • Minimum credit score of 730

Personal Loan in Pune

FREQUENTLY ASKED QUESTIONS

How to get a personal loan with a low CIBIL score in Pune?

You can apply for a personal loan with a low CIBIL score at IDFC FIRST Bank in Pune provided you meet the minimum credit score requirements. The bank considers factors such as your income, employment stability, and overall financial profile, though higher interest rates may apply.

Can a person get a personal loan for a low salary in Pune?

Yes, individuals with lower salaries starting from ₹20,000 per month can apply for a personal loan with IDFC FIRST Bank. Approval depends on your overall eligibility including income, credit history, and repayment capacity.

How long does it take to get a personal loan in Pune?

Loan approval and disbursement typically occur within minutes after your application is submitted and approved, ensuring quick access to funds.

Why is IDFC FIRST Bank among the most trusted personal loan lenders in Pune?

IDFC FIRST Bank is among the most trusted personal loan providers in Pune. Some reasons include:

• Access to credit up to ₹1 Cr
• Competitive interest rates starting at 10.99%
• Flexibility to make up to 40% part-payment
• Top-up facility

You can also transfer your existing personal loan/credit card balance and enjoy amazing benefits, including affordable rates and flexible loan tenure ranging from 6 months to 84 months.

What are the documents needed to apply for a personal loan in Pune?

The documents you need to show when applying for a personal loan with IDFC FIRST Bank include:

• Valid KYC
• RBI Approved Account Aggregator Process/ Bank statement
• Net banking or debit card details to set up E-Mandate
• E-sign/e-Stamp for faster disbursal

What is the EMI that needs to be paid per month for a personal loan of ₹20 Lakhs?

If you apply for a loan of ₹20 Lakhs at 10.99% interest for a tenure of 36 months, you must pay a sum of ₹6500 per month to clear out your loan within the stipulated time.

When taking a loan from IDFC FIRST Bank, is the interest rate flat or reducing?

IDFC FIRST Bank offers you reducing interest rate, so as you pay off the principal amount, the interest payable also decreases.

What is the interest rate for a personal loan in Pune?

IDFC FIRST Bank offers low-interest personal loans in Pune, with rate starting at 10.99%% per annum, subject to your credit profile and loan tenure. 

Get FIRSTmoney Smart Personal Loan of Different Amounts

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Personal Loan Blogs

Credit Score for Personal loan

FEATURED

Personal Loans for a Credit Score of 550

Personal loans are one of the easiest loans to acquire. They are unsecured loans, which means one does not need to offer collateral. They can be used for a multitude of purposes. There is minimal documentation involved and a relatively shorter processing time as well. However, one of the most important considerations when applying for a personal loan is your CIBIL score.

Team FinFIRST14 Sep 2021 • 3 mins read

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Branch Location

Pune

PUNE -CHINCHWAD

OFFICE NO. 301, 2ND FLOOR,SHRI MOURYA BHUVAN, TELCO ROAD, VILLAGE AKURDI,CHINCHWAD MAHARASHTRA 411019.

Phone 1860 500 9900

Pune

PUNE-CITY TOWER - 9TH FLOOR

9TH FLOOR, CITY TOWER, DHOLE PATIL ROAD, PUNE - 411001.

Phone 1860 500 9900

Pune

PUNE-WAGHOLI

OFFICE NO. 10/11, 2ND FLOOR SAI MANGAL, ABOVE ICICI BANK, NAGAR ROAD, WAGHOLI, MAHARASHTRA-412207.

Phone 1860 500 9900

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