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Personal loans are a convenient financing option for various needs, from medical emergencies to home renovations. Many banks and NBFCs in India offer personal loans with competitive interest rates, flexible repayment tenures, and minimal documentation. Leading banks like HDFC, SBI, ICICI, and Axis, along with NBFCs like Bajaj Finserv, Tata Capital, and Muthoot Finance, provide customized loan solutions based on eligibility criteria. Borrowers can choose between secured and unsecured loans, depending on their credit profile and financial needs.
Nellore, a major city in Andhra Pradesh, hosts numerous banks and NBFC branches offering personal loans. Key players like SBI, HDFC Bank, ICICI Bank, and Axis Bank have a strong presence. NBFCs such as Bajaj Finserv and Muthoot Finance also provide loan services. Applicants in Nellore can visit local branches or apply online for hassle-free loan processing.
Top Banks & NBFCs for Personal Loans in Nellore
Shriram Finance (Personal Loan)
Shriram Finance offers personal loans to meet various financial needs such as medical emergencies, home renovation, travel, or education. To apply, you’ll need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Part of the Shriram Group, Shriram Finance is one of India’s leading non-banking financial companies (NBFCs), providing a wide range of financial services, including personal loans, vehicle loans, business loans, and investment solutions, with a focus on customer satisfaction and financial inclusion.
Kisetsu Saison Finance (Personal Loan)
Kisetsu Saison Finance offers personal loans tailored to help individuals meet various financial needs such as medical expenses, education, home renovation, or travel. To apply, you’ll need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. A part of the global Saison Group, Kisetsu Saison Finance is focused on providing efficient and customer-centric financial solutions, including loans, credit services, and other financial products, ensuring accessibility and ease for borrowers across India.
Cholamandalam Finance (Personal Loan)
Cholamandalam Finance, part of the Murugappa Group, offers personal loans to cater to a wide range of financial needs such as medical expenses, home renovation, travel, or education. To apply, you will need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Cholamandalam Finance is a leading non-banking financial company (NBFC) in India, offering a variety of financial services, including personal loans, vehicle finance, home loans, and investment solutions.
DCB Bank (Personal Loan)
DCB Bank offers personal loans to meet various financial needs, including medical emergencies, home renovation, travel, or education. To apply, you will need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. DCB Bank, a prominent private sector bank in India, provides a wide range of financial services including loans, savings accounts, credit cards, insurance, and investment products. The bank is known for its customer-first approach and commitment to financial inclusion.
Manba Finance (Personal Loan)
Manba Finance offers personal loans to help individuals manage various financial needs such as medical emergencies, home renovation, travel, or education.To apply, you will need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Manba Finance, a prominent non-banking financial company (NBFC), provides a range of financial solutions including personal loans, business loans, and vehicle financing, with a focus on customer-centric services and easy access to credit for individuals.
Shinhan Bank (Personal Loan)
Shinhan Bank offers personal loans to help meet various financial needs, such as medical emergencies, home renovation, or travel. To apply, you’ll need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Shinhan Bank, a leading South Korean financial institution, has a strong presence in India and offers a wide range of financial services, including personal loans, savings accounts, credit cards, and digital banking, focusing on customer satisfaction and financial inclusion.
HDFC Bank (Personal Loan)
HDFC Bank offers personal loans to help meet various financial needs like home renovation, medical emergencies, or travel. The bank provides easy access to funds with attractive interest rates, flexible repayment options, and a quick approval process. To apply, you’ll need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rental agreement), income proof (salary slips, bank statements), and employment details.
Poonawala Fincorp (Personal Loan)
Poonawalla Fincorp offers personal loans to meet various financial needs, such as medical emergencies, home renovation, or travel. To apply, you will need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rental agreement), income proof (salary slips, bank statements), and employment details. Formerly known as Magma Fincorp, Poonawalla Fincorp is a leading non-banking financial company (NBFC) in India, offering a wide range of financial solutions, including personal loans, business loans, auto loans, and insurance, with a focus on customer-centric services and financial inclusion.
ICICI Bank (Personal Loan)
ICICI Bank offers personal loans to cater to diverse financial needs, such as medical emergencies, travel, or home improvement.To apply, you will need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rental agreement), income proof (salary slips, bank statements), and employment details. ICICI Bank, one of India’s largest private sector banks, is known for its strong presence in banking and financial services, offering a range of products like loans, insurance, and investment solutions, providing customers with comprehensive financial support.
Finnable (Personal Loan)
Finnable offers personal loans designed to help individuals meet various financial needs, such as medical emergencies, education, home renovation, or travel. To apply, you’ll need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Finnable is a digital lending platform that uses advanced technology to provide quick and transparent financial solutions, ensuring a customer-friendly experience for those looking to borrow funds with ease and efficiency.
Muthoot Finance (Personal Loan)
Muthoot Finance offers personal loans that cater to various financial needs, such as medical expenses, education, home renovation, or travel. To apply, you will need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Muthoot Finance, a leading non-banking financial company (NBFC) in India, is widely known for its gold loan services. It provides a variety of financial solutions, including personal loans, gold loans, insurance, and wealth management, with a focus on serving individuals and businesses across India.
IndusInd Bank (Personal Loan)
IndusInd Bank offers personal loans tailored to meet a variety of financial needs, such as medical emergencies, home improvement, or education. To apply, you will need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. IndusInd Bank, a leading private sector bank in India, provides a broad range of financial products and services, including loans, credit cards, investments, insurance, and digital banking solutions, ensuring convenience and reliability for customers.
Ujjivan Small Finance Bank (Personal Loan)
Ujjivan Small Finance Bank offers personal loans designed to meet a variety of financial needs, including medical expenses, education, home renovation, or travel. To apply, you’ll need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Ujjivan Small Finance Bank, which focuses on providing affordable financial services to underserved communities, offers a range of banking solutions including savings, loans, insurance, and microfinance, promoting financial inclusion for all.
Paysense (Personal Loan)
Paysense offers personal loans tailored to meet various financial needs, such as medical emergencies, home renovation, or education. To apply, you’ll need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Paysense is a leading digital lending platform in India, providing instant loans and credit lines through a user-friendly mobile app. The platform focuses on delivering quick, transparent, and customer-friendly financial solutions, empowering individuals to access credit with ease.
Karur Vysya Bank (Personal Loan)
Karur Vysya Bank (KVB) offers personal loans to help meet a range of financial needs, including medical emergencies, home renovation, or travel. To apply, you’ll need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Founded in 1916, Karur Vysya Bank is a leading private-sector bank in India. It offers a comprehensive range of banking products, including loans, savings accounts, insurance, and digital banking services, with a focus on customer satisfaction and financial growth.
Incred (Personal Loan)
Incred offers personal loans to meet various financial needs, such as medical emergencies, education, home renovation, or travel. To apply, you’ll need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Incred, a non-banking financial company (NBFC), provides a range of financial solutions, including personal loans, business loans, and consumer loans, with a focus on delivering customer-centric services and fostering financial inclusion across India.
Bandhan Bank (Personal Loan)
Bandhan Bank offers personal loans to meet various financial needs, including medical expenses, home renovation, travel, or education. To apply, you’ll need documents like identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Bandhan Bank, one of the fastest-growing private sector banks in India, is known for its strong presence in microfinance and retail banking. It provides a wide range of financial services including loans, savings accounts, insurance, and digital banking, focusing on financial inclusion.
Axis Finance (Personal Loan)
Axis Finance, a subsidiary of Axis Bank, offers personal loans designed to meet diverse financial needs, such as medical emergencies, home renovation, or travel. To apply, you’ll need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Axis Finance leverages the strong reputation and financial expertise of Axis Bank to deliver reliable financial products, including personal loans, business loans, and consumer finance services, ensuring customer satisfaction and convenience.
Vivifi India Finance (Personal Loan)
Vivifi India Finance offers personal loans and credit lines designed to meet various financial needs such as medical emergencies, education, home renovation, or travel. To apply, you’ll need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rent agreement), income proof (salary slips, bank statements), and employment details. Vivifi India Finance is a digital lending platform that focuses on providing instant access to credit with minimal documentation, using technology to offer customer-centric and hassle-free financial solutions for individuals across India.
Yes Bank (Personal Loan)
YES Bank offers personal loans to help individuals manage their financial needs, including medical expenses, home renovation, or travel. To apply, you will need documents such as identity proof (Aadhaar, Passport), address proof (utility bills, rental agreement), income proof (salary slips, bank statements), and employment details. YES Bank, a prominent private sector bank in India, provides a wide range of banking services, including loans, insurance, investments, and digital banking solutions, with a strong focus on customer-centric solutions and innovation in the financial services sector.
Check Your Eligible Personal Loan Amount from Leading Banks & NBFCs
Easily check your personal loan eligibility from leading banks and NBFCs. Get instant loan estimates based on your income, credit score, and location, ensuring you find the best offers available in your city.
Eligibility Criteria for Personal Loans
Banks and NBFCs evaluate multiple factors before approving a personal loan. Here are the key eligibility requirements:
Common Eligibility Requirements by Banks & NBFCs
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Documents Required for a Personal Loan
Whether you’re a salaried employee, self-employed, or an NRI, here are the essential documents needed to apply for a personal loan.
Mandatory Documents (Applicable to All Applicants)
For Salaried Individuals
For Self-Employed Individuals
For Non-Resident Indians (NRIs)
FAQ
How long does it take to get a personal loan approved?
Most personal loan applications get approved within 24-48 hours if all documents are in order. Some lenders offer instant approval for pre-approved customers.
What is the maximum and minimum tenure for a personal loan?
Personal loan tenures typically range from 12 months to 60 months (1 to 5 years). Some lenders may offer flexible tenure options.
What are the interest rates on personal loans?
Interest rates typically range from 10.5% to 24% per annum, depending on your credit score, income, and lender policies.
Can I prepay or foreclose my personal loan?
Yes, most banks allow prepayment or foreclosure. However, some lenders charge a prepayment penalty (0% to 5%) if done within the first year.
How much personal loan can I get based on my salary?
You can generally get a loan up to 15-20 times your monthly salary. Example: If your salary is ₹50,000, you may get a loan of ₹7.5 lakh to ₹10 lakh.
Can I transfer my existing personal loan to another lender?
Yes, you can do a personal loan balance transfer to a different bank with a lower interest rate. This helps reduce your EMI burden.
Can I get a personal loan with a low CIBIL score?
Yes, but with some conditions:
✅ You may get a loan at a higher interest rate
✅ Some NBFCs offer loans for a CIBIL score of 600+
✅ If your score is below 600, consider secured loans or improving your credit before applying.
What is the minimum salary required for a personal loan?
The minimum salary requirement depends on the lender:
Banks: ₹20,000 – ₹25,000 per month
NBFCs: ₹15,000 per month (for select profiles)
Metro Cities: Higher salary requirements apply
Can I get a personal loan without income proof?
Some lenders offer loans without salary slips or ITR, but they might ask for:
Bank statements (showing regular income)
Collateral or guarantor
Higher interest rates may apply
Can I get a personal loan if I already have existing loans?
Yes, but your eligibility depends on your Debt-to-Income (DTI) ratio. Ideally, total EMIs should not exceed 40-50% of your income.