Personal Loan

Need A Personal Loan In Nashik? Apply Online Now


personal loan is a solution to urgent financial needs. Whether it is to cover medical expenses, foreign travel, or a short-term cash crisis, personal loans can quickly and easily help with such emergencies. Nashik, one of Maharashtra’s oldest and most renowned cities, is growing. It has become a hub of opportunity and is attracting more people than ever. More and more people are becoming aware of the effective use of personal loans in Nashik. Keep reading to learn more about how to apply for personal loans in Nashik. 

Purpose of a Personal Loan

Personal loans can be used for any personal financial need. You can mention your needs to your lender while applying, but the bank does not put any limitations on how you use your loan money. For example, one can require a personal loan for a family vacation, purchase a gadget or home appliance, meet sudden medical expenses, or pay education fees. People also use personal loans to invest in businesses, make a down payment on a new house, etc. 

Eligibility Criteria for a Personal Loan in Nashik

Here are the eligibility criteria for taking out a personal loan in Nashik

  • Most lenders require applicants to have a minimum monthly income of Rs. 15,000 to qualify for personal loans. 
  • The applicant should be a resident of India.
  • The applicant must be between 21 and 60 years of age.
  • Lenders are more likely to approve personal loan applications for people working in the public sector because they have high-income certainty and job stability. People employed in the private sector and MNCs also have a higher chance of being approved. Self-employed professionals and people with business experience of at least 1 year are also eligible for a personal loan in Nashik
  • Applicants with a CIBIL score of 750 or above are more likely to get approved at lower interest rates. Although some lenders offer personal loans to people with low credit scores, the interest rates for them are higher. 

Application Documents

To apply for a personal loan in Nashik, you must attach the following documents: 

  • Personal loan application form.
  • A passport-size photo is attached to the form.
  • ID proof: an Aadhar card, a PAN card, a passport, a driving license, or a voter ID.
  • Address proof: an Aadhar card, a copy of a ration card, electricity and gas connection bills, or a rent agreement (in the applicant’s name).
  • Bank account statement for the past six months.
  • Salary slips for the past 3 months.
  • Form 16 or income tax returns for the last 3 years.

What is the maximum amount one can borrow?

The amount of a personal loan in Nashik depends on your income and on whether you are salaried or self-employed. Usually, the lender restricts the loan amount to ensure that your EMI does not come up to 40–50% of your monthly income. Your ongoing loans are also taken into account when calculating the loan amount. For self-employed people, the loan amount is calculated on their profit as per their most recent bank statement. 

The total amount of a personal loan is not restricted to the principal sum. You must also consider interest rates and other charges. Interest rates depend on eligibility factors. For a personal loan in Nashik, the minimum interest rate would be 12.99% per annum. For more details about extra charges, click here

The tenure of a personal loan in Nashik can range from 1 to 5 years, or 12 to 60 months. It depends on the use of the personal loan and some other factors. The interest rates also differ with the loan tenure. 

How to Apply Online for a Personal Loan in Nashik

Here are the steps to follow when applying for a personal loan in Nashik:

  • Visit the Piramal Finance website.
  • Click on the “Personal Loan” option.
  • Under the Personal Loan option, click on “Apply Now.”
  • You will be redirected to the application page.
  • Fill in your details on the online application form. 
  • After you fill out the online application form and send it to Piramal Finance, someone from the company will call you to explain the process.

After your application is approved,

  • Your lender will disburse the amount within seven working days from the loan application date.
  • You will receive an account-payee cheque or a draft of the loan amount, or the loan amount may be directly deposited into your savings account. 

Why Choose a Personal Loan? 

Most NBFCs and banks offer personal loans at low interest rates. Because personal loans have become popular for managing personal expenses, lenders also provide flexible repayment terms. With a seamless online application process and no paperwork, it has now become easier to take out a personal loan in Nashik.

Here are some key benefits of personal loans in Nashik:

  • Zero asset riskSince a personal loan is an unsecured loan, you do not have to risk your assets. Especially for big purchases, you can easily acquire a personal loan, given that you have a good credit score
  • Easy repayment processSince lenders now provide flexible tenures ranging from 12 to 60 months, you can easily plan their repayment schedule. This way, you do not have to worry about your EMIs becoming unaffordable.
  • Quick application and disbursalApplying online for a personal loan in Nashik has also become easy and transparent. You no longer have to wait for weeks to get a personal loan for urgent needs. The disbursal process has also become seamless and transparent. Your funds will be transferred to your savings account in no time. 


Personal loans are effective when you need to meet sudden personal expenses. Also, applying for and acquiring personal loans in Nashik has become easier. You can read more here on how to improve your CIBIL score. Visit Piramal Finance for your personal loan and other financial needs.