- Consumers can get Nainital Bank personal loans at affordable interest rates to meet various emergency expenses.
- Minimal paperwork and no guarantor or collateral is needed to secure these loans.
- Consumers who apply through Paisabazaar can experience an easy online loan process and end-to-end expert assistance.
- These personal loans come with flexible repayment terms and can be repaid in easy EMIs.
- Nainital Bank personal loans can be foreclosed without any prepayment penalty.
Nainital Bank Personal Loan
4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Simple Online Application Process
Minimum Documentation Needed
Zero Collateral Requirement
No Prepayment Penalty

Calculate Your Personal Loan EMI
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Principal Amount₹0
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Find Best Personal Loan Offers
HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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About Nainital Bank Personal Loan
Nainital Bank Personal Loan Highlights
| Interest rate | 12.00% p.a. onwards |
| Loan amount | Up to Rs. 25 Lakh |
| Loan tenure | 7 years for term loans 12 years for reducing OD |
| Age Criteria | Minimum 21 years and maximum 65 years for salaried & 70 years for others |
| Processing fee | 0.25% of the sanctioned limit, minimum Rs. 1000 and maximum Rs. 5000 |
| Margin | Nil |
| Prepayment Charges | Nil on foreclosure of credit facility |
Nainital Bank Personal Loan Interest Rates
| CIBIL Score | Overdraft | Term loan |
|---|---|---|
| 700 and above Or -1 and above 3 | 12.00% p.a. | 12.00% p.a. |
| Below 700 Or less than 3 | 12.50% p.a. | 12.50% p.a. |
Nainital Bank Personal Loan Fees and Charges
Processing fee
| Processing fee | 0.25% of the sanctioned limit, minimum Rs. 1000 and maximum Rs. 5000 |
Prepayment/foreclosure charges
| Prepayment charges | Nil |
Other fees and charges
| Charges on late EMI payment | 2% on unpaid EMI |
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
Nainital Bank Personal Loan Eligibility Criteria
- Permanent employees of PSU/Government Employee/Companies/Reputed Institution/UGC or AICTE recognised college or university
- Pensioners of PSU/Government employee/companies/reputed institution/UGC recognised university/retired pensioners of NTB bank
- Field officer/agents of public sector insurance companies
- Professionals (doctors, advocates, architects, Chartered Accountants, etc)
Documents Required for Nainital Bank Personal Loan
Nainital Bank has not disclosed the documents required for availing personal loan. The borrower may have to submit basic documents such as the proof of address, age, income, etc, when applying for a personal loan.
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Avail Personal Loan for
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FAQs
If I am not a government employee, can I apply for a personal loan at Nainital Bank?
Yes, you can. The requirement to take a loan is having a permanent job with a stable income per month to make sure that you are fully capable of paying your EMIs.
What is the amount of personal loan that I can get from Nainital Bank?
The maximum amount of personal loan that one can get is Rs. 25 lakh.
How is payment of EMIs (Estimated or Equated Monthly Instalments) done?
EMIs (Estimated or Equated Monthly Instalments) can be paid via cheques deposited at the branch of Nainital Bank or via Electronic Clearing System (ECS) or through net banking.
What would be the reasons for the rejection of my application of personal loan at Nainital Bank?
Nainital Bank may reject your application for personal loans if you do not meet the requirements for eligibility. It can be due to your income, profession, age, your credit score (CIBIL score) or your non-payment or inability to repay the loan via EMIs.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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