Pune is a vibrant city with a population of around 9.4 million. However, with the increasing cost of education, healthcare, and other necessities in the city, many people feel short of money for their planned or unplanned expenses. This is where a personal loan comes to provide them with the required finance. While looking for a personal loan in Pune, these are the top 7 rules to follow:

1. Compare Interest: Use a personal loan interest calculator to know the interest rates offered by different lenders and find the cheapest deal.
2. Choose the Right Lender: Compare lenders in Pune based on their loan amount, interest rates, repayment terms, eligibility conditions, documentation requirements, and other parameters to find the most suitable one.
3. Check Eligibility: Although NBFCs have easy eligibility conditions for personal loans, you must check and fulfil them while applying for an instant personal loan to improve the chances of approval.
4. Borrow Minimum: Since you have to repay the borrowed amount along with the interest rate, borrowing minimum helps keep the loan cost low.
5. Choose the Right Repayment Term: Lenders have a minimum and maximum repayment term that you can select considering your repayment capacity and monthly budget.
6. Maintain a High Credit Score: Maintaining a credit score above 700 helps get loan approval at the lowest interest rate.
7. Apply Through App: Apply for an instant personal loan online through the lender’s app to accelerate the application and approval process without leaving your home.

Follow these top seven rules to improve your chances of loan approval and get the best interest rate. Use a personal loan interest calculator to plan your repayment on time.

Must Read: 5 Best Tips to Choose the Best Personal Loan