Personal Loan in Nagpur up to ₹30 Lakhs: Apply Online

Instant Personal Loan in Nagpur

When you need Personal Loan in Nagpur right away, turn to our instant Personal Loans in Nagpur offering up to ₹ 30 Lakh* with interest rates starting at 11%* p.a and a repayment tenure of up to 72 months. Our fully digitised application lets you submit the form, get approval within 2 minutes*, and access funds swiftly, whether for medical emergencies, travel, home renovation or debt consolidation.

Quick Disbursement of Personal Loans in Nagpur

Our streamlined Personal Loan disbursement process ensures funds are transferred to your bank account quickly after approval. By leveraging a digital application process and minimal paperwork and an e-mandate setup, we aim to eliminate any delays.

Features & Benefits of Instant Personal Loan in Nagpur

Quick Loan Approval
Receive approval within 2 minutes* for instant Personal Loans in Nagpur
Easy Loan Disbursement
Get loans up to ₹ 30 Lakh* disbursed quickly into your bank account
Competitive Interest Rates
Manageable EMIs with interest rates starting as low as 11%* p.a.
Minimum Documentation
Quick process with minimal paperwork for a hassle-free application process
No Collateral
Unsecured loans mean no security or collateral is required
Top Up Facility
Eligible existing borrowers can apply for a Top-Up on their current loan

Uses of Personal Loan in Nagpur

Medical Emergencies – Cover hospitalisation or critical care costs promptly
Home Renovation – Upgrade interiors, bathrooms and kitchens without tapping savings
Weddings & Events – Plan ceremonies or family events stress-free
Education & Skills – Fund courses, certifications or coaching programmes
Travel & Holidays – Finance personal or business trips seamlessly
Debt Consolidation – Combine multiple obligations into one simple EMI

EMI Calculator for Personal Loan in Nagpur

Our EMI calculator for Personal Loan empowers you to plan monthly instalments. Enter your desired loan amount, interest rate and tenure to instantly view EMIs and total interest payable. This helps you compare scenarios and choose the most affordable repayment plan before you hit the Apply Now button.

Eligibility Criteria for Personal Loan in Nagpur

Type	Criteria
Residency	Indian resident
Age requirement	21 years to 58 years
Profession	Salaried or self-employed individuals

Documents Required to Get a Personal Loan in Nagpur

Document Type	Required Document & Checks
Identity Proof	Passport \| PAN Card \| Driver License \| Voter ID \| Aadhaar Card
Address Proof	Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) \| Passport \| Voter ID Card \| Driving License
Income Proof	Income proofs vary for different professionals across salaried and self-employed.

Please find the easy detailed list of required documents here

Type	Document
Salaried	Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate
Self Employed	Latest Income Tax Return (ITR)
Bank Statement	Last 3 month's statement is mandatory
Residence Ownership Proof	Not mandatory

Personal Loan Interest Rates and Charges in Nagpur

Type	Interest Rate and Charges
Loan Processing Fees (non-refundable):	Upto 3%* of Loan Amount + applicable taxes
EMI Dishonour/Bounce Charge* *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate	As shown in the table below
Sanctioned Loan Amount	Charges
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 30 Lakh	₹ 1000
Late Payment Charges (LPC)/ Penal Charges:	2% (p.m.) on EMI overdue + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23
	*Taxes applicable on LPC w.e.f. 1st Apr'24
Part Payment Charges:	Up to 5% of pre-paid amount + applicable taxes
Foreclosure Charges:	5% of POS (Principal Outstanding) + applicable taxes
Legal/ Recovery Charges:	As per actuals
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	From 4th Paper copy - ₹250 + applicable taxes
Repayment Swap charges (per swap):	₹500 + applicable taxes (applicable only for branch walk-ins)
Loan Cancellation Charge:	Nil - for 3 days from date of disbursal
Loan Cancellation Charge:	From 4th day - 5%+ applicable taxes (on the outstanding loan amount)
Document Charges:	Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
Annual Maintainance Charges (AMC):	Nil

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

Why Choose L&T Finance for Personal Loans in Nagpur?

Swift Digital Process: Complete application process is online for Personal Loan in Pune
Competitive Rates: Our seamless Personal Loan disbursement process ensures quick transfer of funds.
Minimal Documentation: Personal Loan interest rates start as low as 11%* p.a.
Dedicated Support: ; Entirely paperless process for quick loan sanctions
Secure Disbursement: Personalised assistance from our dedicated relationship manager

How to Apply for a Personal Loan in Nagpur?

Apply for Personal Loan with these steps

1. Apply online in just few minutes

Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey

2. Fill in your details

Enter your personal details, such as income details, current address, and more, to instantly check your loan eligibility

3. Get your customised offer

Explore personalised loan offers to match your needs. You may also get an options to enhance your offer

4. Set up E-mandate

Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments

5. Complete KYC

Verify your identity easily and securely with a quick KYC process from the comfort of your home

6. Get loan disbursement

Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds

FAQs & Support

View all

How do I track my Personal Loan application status in Nagpur?

You can get real-time updates about your loan application on your registered mobile number. You can also check your application status by logging in to our website or PLANET app with your registered mobile number and entering your application number.

Are there prepayment or foreclosure charges on loans in Nagpur?

Foreclosure charges are 5% of outstanding principal + taxes at L&T Finance.

Can self-employed individuals apply for a loan in Nagpur?

Yes. Both salaried and self-employed applicants can apply for a loan in Rajkot.

What documents are required for a Personal Loan in Nagpur?

Documents required include identity proof, address proof and income documents.

How can I apply for a Personal Loan in Nagpur through L&T Finance?

Visit our website, click Apply Now, complete the form, upload documents and receive funds quickly. You can also use the PLANET app to apply for a Personal Loan with L&T Finance in Nagpur.