Personal Loan in Pune: Apply online at the best Agency

Be it a financial crunch or an emergency, loans always help you gain leverage and overcome the crisis. They help you cover your financial needs. They also do not put much financial stress on your budget.

Out of various loans, the only loan that can be applied for covering several requirements is the personal loan. Most of the personal loans in Pune and other places of India have a low rate of interest, high flexibility, and quick disbursal period. 

However, in places like Pune, Mumbai, Delhi, etc. due to many economic factors, it gets difficult to apply for a personal loan and get it sanctioned then and there. There is a substantial increase in the number of borrowers. So the competition levels up. This is the reason why it might be tough for you to avail of a personal loan in Pune and other cities in India. But, still, there are good chances of you getting your desired loan amount. You are going to read about this in this article. 

In this article, you will know about personal loans, their features and benefits, and the best agency where you can get a personal loan in Pune. 

What is a personal loan and what is it applied for? 

Financial assistance that is taken to meet the personal requirements of an individual is known as a personal loan. These loans are given to you by the lender at a specific rate of interest. This is charged on the principal amount of the loan. You have to repay the loan amount in smaller chunks, known as instalments. You have to repay these within a specified loan tenure. 

These loans are unsecured. This means you don’t have to pledge your assets to get a loan amount. Banks and NBFCs do not ask borrowers for collateral to disburse the loan. This is an advantage for those borrowers who lack property or shares to use as a guarantee against the loan. 

What are the benefits of getting a personal loan in Pune? 

There are several benefits of getting a personal loan in Pune and they are:

• Loan within 24 hours:

You can get a personal loan in Pune in as early as less than a day. Banks and NBFCs prefer to increase the customer’s convenience. They include less paperwork and minimal documentation to carry out that effectively.

In addition to that, the verification period is also comparatively less. This is to make sure that you get the loan amount transferred to your account within 24 hours. 

• Flexible Tenure:

The tenure of repayment of a personal loan in Pune is highly flexible as well. The tenure to repay the loan amount ranges from 12 months to a period of 84 months. Within this period, you are expected to repay the loan in the form of equated monthly instalments or EMIs. 

• Easy eligibility:

The eligibility criteria for a personal loan in Pune are also easy and convenient from the customer’s point of view. You need to belong to a certain age group. You also need to have desired creditworthiness to get qualified for the loan. With that, the documentation requirements are also very less, like your KYC details, income proof, etc. 

• Higher Loan Amount:

The loan amount that can be availed of through a personal loan in Pune is also on the higher side. You can claim up to as high as 35 lakhs as your loan amount. If you have a good credit score and the desirable repaying capacity, then you easily get sanctioned with such a high amount. 

• High transparency:

The transparency level in a personal loan in Pune is also high. This ensures that everything remains clear to the customer and there are no unexpected charges or penalties involved in the process. 

What agencies provide personal loans in Pune at the best interest rates? 

Several agencies provide personal loans in Pune at compelling interest rates. However, the problem lies in choosing the best among so many options.

If one lender provides you with a good interest rate, it might not provide you with higher flexibility. If one institution provides you with higher flexibility and tenure, it might add extra charges and penalties.

Based on different parameters and comparing all the pros and cons, you have to decide the one that suits you the best. 

There are several financing companies and banks that provide you with a personal loan in Pune at your convenience.

For example, an HDFC Bank personal loan charges you an interest rate of about 10.75% to 21.50% per annum and the loan amount to up to INR 40 lakhs. IndusInd Bank personal loan charges a rate of interest between 11% to 16.75% and a loan amount of up to INR 5 lakhs. Similarly, Fullerton Personal Loan charges you an interest rate of about 11.99% to 25% per annum up to 25 lakhs as the loan amount. 

If you want a decent platform where you want a concise interest rate and better terms and conditions, you should prefer a personal loan in Pune from Piramal Finance. This corporation charges you an interest rate that starts from 12.99%. They offer this with pocket-friendly EMI options, flexibility, and a loan tenure that ranges from 12 months to 60 months. The loan amount ranges between 1 lakhs to INR 10 lakhs, depending on your credentials. 

Wrapping it up

A personal loan can cover all your requirements like buying a house or financing a marriage. But you need to keep some things in mind while applying for it in a place like Pune.

For a personal loan in Pune, you need the right plan and the correct strategy to apply for the best option. Pune is a place where there are competitive borrowers. But you can look up to increasing your credit score and improving your creditworthiness to get a loan that suits you the best. While comparing different interest rates and different loans, you can also use a personal loan calculator online.