Personal Loan


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Personal Loan in Nagpur

A Personal loan is one of the most popular financial instruments. This loan provides assistance to those who have any need of funds. These requirements can be related to personal or professional needs. A personal loan helps you fund your wedding, fund your child’s education, fund the maintenance of your new/old house and also help you when in times of different kinds of emergencies where cash is a necessity.
These loans are also called as short term loans as they are given for a smaller period when compared with other financial instruments. The tenure generally is between 5-7 years*. There is a high rate of interest when compared to other financial instruments because this is an unsecured loan and there will be no collateral for availing this loan. Usually, the rate of interest for a personal loan will begin from 11.29%* onward.
Nagpur is also known as the “Orange City” for being a major trader in the region of Oranges. Nagpur is also considered one of the best live able places in India due to low pollution, greenery etc. Many people visit Nagpur and use it as a hub either for their stay or also for their business. For many needs, a personal loan in Nagpur comes to their rescue. A benefit of taking a personal loan in Nagpur is that you don’t need to divulge any information to the lender regarding the purpose of the loan. All you need to do is fulfill the criteria set by the lender. Once you are deemed as eligible, you can avail a personal loan in Nagpur.

Why Choose Ruloans To Apply For Personal Loan in Nagpur?

Our motto at Ruloans is to provide our customers services that are “much more than money”. Ruloans is a well known financial loan distributor in India. We have been in this industry over a decade and have a lot of knowledge in the field of loans. Over these years we have partnered with over 50 plus partnered Banks and NBFCs. Using our network and expertise we help our customers to borrow right and provide them the best offers, deals and services.

Hassle free process

Ruloans online web portal is easy to use. With a user friendly interface we aim to make the loan process simpler and hassle free for the average customer. Our highly proficient loan calculator and the process of uploading your documents online are easy and hence will take less time.

Benefits of applying with us

Ruloans has a staff which is very skillful and has knowledge which we use to help our customers borrow right and also get the best deals. Hence every customer can benefit with our experience in this field.

Compare your loan options

To make the loan process simple, any customer logging on to Ruloans web portal can compare loan options. They can decide which lender they want to take a personal loan in Nagpur from.

Free expert guidance and advice

Our staff has people who have vast knowledge in the field of loans. Using this experience, we provide expertise to our customers. The customers can then accordingly choose from where to take the loan. All of these services are provided for free and we do not charge anything from our customer.

Privacy policy

Privacy of our customer’s data is important to us. We at Ruloans have a strict privacy policy. The documents of customers are only shared with us and the lender of their choice. No 3rd party has access to the data.

What are the Features & Benefits of taking a Personal Loan in Nagpur?

A personal loan helps an individual in times of cash needs. These needs can be related to any kind of a situation. A personal loan helps you to clear all these issues. There are few benefits of taking a personal loan and we have listed them below;

  • Easy availability: A personal loan in Nagpur is easily available. The loan is easily available as it is a very popular financial instrument. A personal loan in Nagpur can be availed within 24-48 hours* from any Bank/NBFC if you have all the correct documents.
  • Minimum documentation: As mentioned above, you can avail a personal loan in Nagpur quickly if you have all the correct documents. The list of documents needed for a personal loan in Nagpur is lesser when compared to any other loan. The reason being that this is an unsecured loan and hence there is no collateral. If there is a collateral set, then documents related to the property are also needed.
  • The loan is approved quickly: If an individual has all the correct documents and can submit it to the lender of their choice, then a personal loan in Nagpur can be approved as quick as within 24-48 hours*.
  • Multi-purpose loan: A personal loan in Nagpur helps an individual in times of distress. The situation can be related to anything but if there is a need for cash, then a personal loan can come to your rescue and help with the cash shortage. Hence this is called as a multipurpose loan.
  • Flexible type of loan: It is very important to have a good credit score. An individual with a good credit score can get a personal loan in Nagpur at a lower rate of interest as compared to an individual with a bad or average credit score. Hence, there is flexibility in personal loans.

What are the Eligibility Criteria to avail a Personal Loan in Nagpur?

A personal loan in Nagpur can be availed by any individual who can fulfill the eligibility criteria set by the lender. There are many lenders in the market and they have different criteria set. Hence it can get confusing to an individual with regards to the Documents required. We at Ruloans have hence created a generic list of documents. These documents are needed by all the Banks/NBFCs and hence can help in easing out the process for you to avail a personal loan in Nagpur.


Particulars Salaried Borrowers Self-Employed Borrowers
Age 21 years to 60 years 23 years to 60 years
Income Rs. 15,000 (Rs. 20,000 in metros) Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional)
Maximum Loan Amount Approved Rs. 15,00,000 Rs. 15,00,000 to 20,00,000
Minimum Loan Amount Approved Rs. 75,000 Rs. 75,000 to Rs. 3,00,000
Loan Tenure 12-72 months 12-48 months
*Please note that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

What are the Documents Required to avail a Personal Loan?


We have listed few documents that an applicant will need to submit to the Bank/NBFC in order to avail for a personal loan in Nagpur.
Particulars Salaried Borrowers Self-Employed Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills Passport or utility bills
Additional Documents Salary slips for last 3 months Proof of highest professional degree
2 year employment continuity document Latest Income Tax Return Balance sheet
Profit and Loss for last 3 years certified by CA
*Please note that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

How to Apply For a Personal Loan on Ruloans?

You only have to go through 5 steps to apply for a personal loan in Nagpur on Ruloans:


How to Apply For a Personal Loan in Nagpur on Ruloans?
Step 1 Go to the Personal Loan in Nagpur on Ruloans page on our website and click on 'Apply Now' box.
Step 2 Fill out the initial personal and financial information. Once completed, our loan calculator checks your eligibility with its highly efficient algorithm.
Step 3 Our loan calculator presents you a list of banks and NBFCs most suitable for you as per your eligibility criteria. The list will include the name of the financial institutions, interest rates, required document list etc.
Step 4 From the given list, you can choose the financial institute of your choice. You can start filling up the form and upload the required documents. Here, if needed, you can call or mail our experts for advice. The contact details are given on our website.
Step 5 Your application will be sent electronically to the bank you selected. You will be informed about the status of your application via SMS, email or you can track it via website too.

Frequently Ask Questions

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