Personal Loan In Pune From ₹50K to ₹10L

Personal Loan in Pune

A bustling space holding strongly onto its culture, Pune is more than just its history. With various industries finding space in this city, Pune is a popular choice for anyone who’s keen on making it big, professionally as well as personally. The hustle is a part of the culture, but sometimes, it can seem difficult. The right sort of financial support, however, may help make life easier for you and help you with achieving your goals.

Getting a personal loan in Pune from a reputed financial establishment can be one of the easiest ways to do so. It may seem overwhelming but can help you stay on track with your goals. IDFC FIRST Bank makes this possible with its FIRSTmoney smart personal loan that has 100% digital process, flexible repayment plans, and competitive interest rates. Funds are transferred directly to your account without any delays, helping you manage planned as well as emergency expenses. Be it a wedding, medical requirement, education funding, or home renovation, FIRSTmoney ensures you experience hassle-free borrowing in Pune.

Why do you need a personal loan in Pune?

A personal loan in Pune can ease financial challenges across different aspects of city life.

• Rising residential costs

Areas like Kalyani Nagar or Baner demand monthly rents between ₹20,000–₹40,000, while deposits can run into lakhs. Loans help manage relocation, deposits, and furnishing expenses. You can also avail a personal loan to make a downpayment while purchasing an apartment.

• Healthcare expenses

Medical treatments at reputed hospitals such as Ruby Hall or Jehangir can cost ₹2–₹5 lakh for surgeries or advanced procedures. Personal loans ensure access to timely care.

• Educational commitments

With top universities and coaching institutes, Pune is a centre for learning. Expenses like higher studies, tuition, and skill certifications may range from ₹1–₹10 lakh, often requiring financial backup.

• Celebrations & lifestyle costs

From weddings to festivals like Diwali, expenses can run high, making personal loans useful a go-option to celebrate without compromises.

• Travel & leisure

Many residents enjoy domestic family getaways or even international trips. For instance, a weekend trip for a couple could cost around ₹12K to ₹20K, and for a family it could from ₹50K to ₹1 lakh or more. These expenses can rise significantly when it comes to international trips. A personal loan can fund such leisure costs, helping you avoid dipping into hard-earned savings.

How to choose the best personal loan in Pune?

Choosing the right personal loan in Pune goes beyond just checking the loan amount. Consider these important factors:

• Check the interest rate

Usually lenders in Pune generally offer personal loan interest rates starting at around 12% p.a. However with IDFC FIRST Bank, you can enjoy personal loan interest rates as low as 9.99% per annum so avoid rushing into a loan without comparing multiple offers.

• Evaluate repayment flexibility

Reliable lenders like IDFC FIRST Bank offer higher amounts which can go up to ₹10 lakhs, with repayment options ranging from 9 months to 5 years. it is ideal to choose a loan amount that suits your needs and pick an EMI plans that don’t exceed 40% of your income.

• Assess documentation needs

Extensive paperwork like identity proof, employment proof, address verification, and physical documentation can make your personal loan approval process slow. Opt for lenders like IDFC FIRST Bank, offering digital and paperless journeys requiring just your PAN and Aadhaar.

• Ease of additional loan options

You may need additional funds anytime. Prefer a lender that lets you borrow more without fresh application.

• Watch out for hidden charges

Hidden fees can increase your loan cost. Check for charges such as foreclosure penalties or unexpected fees.

• Consider loan disbursal speed

If funds are needed urgently, check instant disbursals such as those offered by IDFC FIRST Bank.

Why choose IDFC FIRST Bank for your personal loan needs in Pune?

When it comes to securing a loan in Pune, IDFC FIRST Bank’s FIRSTmoney smart personal loan offers unmatched benefits:

• Instant approvals & disbursals –

Get funds of up to ₹10 lakhs in your account within 30 minutes.

• 100% digital process –

Apply online with Aadhaar-PAN verification, no branch visits required.

• Zero foreclosure charges –

Foreclose anytime without penalties, reducing interest burden.

• Low interest rates –

Attractive interest rates starting at just 9.99% p.a., to keep repayments affordable.

• Multiple on-demand loans anytime –

Access extra funds to meet your needs without having to repeat the application process.

• Customer-centric experience –

Seamless support through the mobile app and digital channels.

With IDFC FIRST Bank’s FIRSTmoney, you get a personal loan that combines speed, transparency, and convenience, making it the right choice for both urgent and planned expenses in Pune.

Interest rate and charges in Pune for personal loan

Here are the fees and charges for FIRSTmoney smart personal loan in Pune.