Pune is a peaceful city in Maharashtra with a population of around 31.2 lakhs. It has several institutions that offer personal loans with interest rates ranging from 9.60% to 36%. Fast personal loan applications are very beneficial as you can compare interest rates, processing fees, prepayment fees, etc. and then make a rational decision. You will also be able to calculate your EMIs and then choose your loan amount appropriately.

Those looking to apply for a fast personal loan in Pune can experience a hassle-free way of getting credit and enjoy unique features like ‘zero usage, zero interest’, e-Sign, and easy EMI conversions.

Documents needed to apply for a Pune personal loan

1. Photo ID and age proof

2. Signed application form with photograph

3. Residence proof

4. Last six months’ bank statement for salaried/self-employed applicants.

A few of the top lenders that offer personal loans in the city of Pune include Fullerton, India; Bank of Punjab; State Bank of India; Tata Capital, etc. While issuing the loan, one should make a part payment of upwards of 20% of the loan amount, which will result in you availing of a loan with a lower interest rate. Always ensure that your debt-to-income ratio does not surpass 40%–50% of your monthly net income.

Also, working for a reputed firm or company increases your chances of availing of a loan at the best interest rate possible. Also, ensuring that you make a negotiation to get the best price on your loan is a necessity.

Also Read: 3 Tips to Avail a Better Interest Rate on Personal Loan