Get personal loan in Pune city
Formerly known as Poona, Pune is Maharashtra’s 2nd largest metropolitan city and a major IT hub in India. The city is also considered a key centre for automobiles and manufacturing in India.
Seek an instant personal loan in Pune from Bajaj Finserv to meet diverse monetary needs. We have 15 branches across the city.
For quick approval, apply online.
Features and benefits of instant personal loan in Pune
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Loan within 24 hours*
Money is credited to your bank account within 24 hours* of approval, so you can start utilising the funds immediately to address emergencies.
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Flexible tenors
Tenors of up to 96 months ensure flexibility and ease of repayment. Choose wisely and check beforehand using an online EMI calculator.
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Easy eligibility criteria and documents
Learn about the loan eligibility and document requirement. Qualify for credit easily.
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Quick loan approval
Address your immediate monetary needs with instant approval on your online application.
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Higher loan amount
Borrowers can apply for an Insta Personal Loan of up to Rs. 12,76,500 or a regular personal loan in Pune of up to Rs. 40 lakh. Meet the required eligibility criteria to get the amount you seek.
Pune is where the first indigenously run girls’ school of India was established by Savitribai and Jyotirao Phule. Pune is called the Oxford of India owing to the numerous education institutions spanning the city. Besides domestic students, close to half of India’s international students are in Pune. Education, along with information technology and manufacturing, drive the local economy.
Bajaj Finserv brings personalised loans in Pune that are risk-free and flexible. Select a tenor of up to 96 months that best suits your financial situation and repayment ability. For added flexibility, opt for Flexi loans, which allow repayment at your convenience. Pay the outstanding either with surplus funds or at the tenor’s end. Apply via our online form to get an instant personal loan in Pune.
*Conditions apply
Explore different types of uses for personal loans in Pune
One of the biggest advantages of a personal loan is that it can be used for a wide variety of purposes. You can manage your small or large expenses using a personal loan, including:
- Wedding expenses
- Home renovation and repairs
- Higher education
- Medical expenses
Since our instant personal loan in Pune is disbursed quickly, it is also feasible to manage urgent expenses during emergency situations. If you are looking for the lowest personal loan interest rates in Pune, you can consider our personal loan.
Eligibility criteria to apply for an instant personal loan in Pune
Meeting the following eligibility criteria increase your chances of getting a personal loan in Pune successfully.
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Nationality
Indian, resident of India
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Employment
Must be a salaried employee at a reputed MNC or a private/ public limited company
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CIBIL score
685 or higher
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Age
Between 21 years to 80 years*. 80 years* or younger, at the end of the loan tenure.
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Income
Minimum salary requirement is Rs. 35,000 per month. Refer to our eligibility page for other details
Bajaj Finserv comes with easy-to-meet eligibility criteria and minimum documentation requirements. Eligible borrowers can avail of exclusive features like the Flexi loan facility to ease repayment.
How to calculate personal loan interest rate in Pune?
You cannot calculate the interest rate, since it is a number decided by the lender. You can use our personal loan EMI calculator to calculate the EMI, based on the tenure, interest rate, and amount. It uses the formula:
E = P*r*(1+r)^n/((1+r)^n-1) where,
- E is EMI
- P is the principal loan amount,
- r is the rate of interest calculated monthly, and
- n is the tenure/ duration in months
For example, you have applied for a Bajaj Finserv Personal Loan of Rs. 1 lakh at an interest rate of 14% p.a. for a tenure of 2 years. Your EMI will be 4801.
Personal loan interest rates and applicable charges
Type of fee |
Applicable charges |
Rate of interest |
11% to 38% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
| Flexi Fee | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied. |
| Pre-payment charges | Full Prepayment
Part-prepayment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract a penal charge of up to Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Mandate rejection charges |
Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate. |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
| Broken period interest / Pre-monthly Instalment interest |
"Broken Period Interest/Pre-monthly Instalment interest" shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 - Over and above the period of 30 days from the date of disbursement of the Loan: Method of recovery of Broken Period Interest/Pre-monthly Instalment interest:
Scenario 2: Less than period of 30 days from the date of disbursement of the Loan: Interest on first instalment will be charged for actual number of days. |
| Switch fee | Up to 1.18% of the loan amount (inclusive of applicable taxes). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable. |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 38%, and 35.71% per annum respectively. Part pre-payment and Foreclosure charges are NIL.
Frequently asked questions
You can reach Bajaj Finserv in Pune on the customer care number 020 – 3957 5152. For more convenience, you can easily access all the information online.
Bajaj Finserv is one of the most preferred private lenders for personal loans in Pune for the following reasons:
- High-value loans of up to Rs. 40 lakh
- Easy-to-meet eligibility criteria
- Minimal documentation
- Quick approval in 5 minutes
- Money credited to your account within 24 hours*
- No security or collateral needed
- Flexi loan facility for reduced EMIs by up to 45%*
- Flexible repayment tenor of up to 96 months
- Free online tools for informed decision-making
- Online account management 24x7
The documents required to submit for personal loans in Pune are salary slips of the previous 2 months, the last 3 years’ bank account statements, your employee ID card, KYC documents and a photograph.
Meet our eligibility criteria get a lower personal loan interest rate. To apply online, follow the steps below:
- Fill up the online application form with accurate details
- Choose a suitable loan amount and tenor
- Hand over the essential documents to the representatives
- Receive the approved amount in your account
If you have a pre-approved Insta Personal Loan offer, then there is no need to check for approvals. For our regular personal loan in Pune, you have to fulfil certain eligibility criteria.
- Nationality: Indian
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Monthly salary: Starting Rs. 25,001, based on the city you live in.
You also need to submit certain documents along with your application. To know more, click here.
Our personal loans do not require any collateral such as gold ornaments or property. If you are looking for an instant loan in Pune, our personal loan is a great option.
The minimum salary to get our instant personal loan is Rs. 25,001.
You can opt for a Bajaj Finance Insta Personal Loan to take care of your urgent expenses. With an Insta Personal Loan, you can expect the funds to be disbursed within 30 minutes* to 4 hours.
You can apply for our loan even if you get your salary in cash.
Follow these 5 steps if you want to get a Bajaj Finance Personal Loan:
- Visit the personal loan page and click on ‘APPLY’
- Enter your 10-digit mobile number and OTP
- Fill in the application form with your basic details and ‘PROCEED’
- Enter the loan amount and tenure that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid
- Complete your KYC and submit your application
The interest rates for personal loans vary from lender to lender. Bajaj Finance Personal Loan is offered with interest rates ranging from 11% to 38% p.a.
You can use the Bajaj Finserv app to get a personal loan in Pune from the comfort of your home.
