Personal Loan Interest Rates of Top Banks/NBFCs in Nashik
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Rates as of 23rd March 2023
EMI Calculator
EMI Calculator
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%
Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan Features
- Personal loans are usually offered @ 10.49% p.a. onwards and for tenures of up to 5 years. However, some lenders offer for longer tenures of 6-7 years
- Loan Amount offered is usually up to Rs 40 lakh
- No collateral or security is required
- Processing Fees is usually around 1-2.5% of loan amount
- For personal purposes, except for speculation
- Pre-approved personal loans to select customers with instant loan disbursal
Eligibility Criteria for Availing Personal Loans
- The minimum monthly income criteria set by most lenders is Rs 15,000. However, some banks/NBFCs have set higher cut-off for minimum income/salary.
- The minimum age required at the time of loan application is around 21 years and the maximum age is around 70 years at the time of loan maturity
- Only Indian residents are usually eligible for availing personal loans.
- Lenders prefer salaried applicants employed with public sector organizations for loan approval, due to their higher income certainty and job stability, followed by applicants employed with private sector organizations and MNCs. Self-employed professionals and non-professionals with a business experience of at least 1 year are also eligible for availing personal loans.
- Applicants with credit scores of 750 and above usually have higher chances of availing personal loan and at lower interest rates. However, some lenders also offer personal loans to applicants having lower credit scores, but at much higher interest rates.
Also Read: How to qualify for a Personal Loan
Documents Required for Personal Loan in Nashik
- Application form with photographs attached
- Identity Proof- PAN Card/ Aadhaar Card/ Voter ID/ Passport/ Driving License
- Address Proof- Aadhar Card/ Driving License/copy of ration card /Voter ID/ Passport/ gas connection bills /electricity bills
- Age Proof- Aadhar Card/ Voter ID/Birth Certificate/ PAN Card/SSC Certificate/
- Bank account statement for past 6 months
- Salary slips for last 3 months
- Form 16/ITR for last 3 years