Are you looking for a personal loan in Aurangabad to manage your urgent financial needs? Whether it’s funding a wedding, planning a vacation, consolidating debts, or dealing with medical emergencies, a personal loan is your go-to solution. With minimal documentation, quick disbursal, and flexible repayment options, personal loans have become the most preferred credit option for residents of Aurangabad.
In this comprehensive guide, we will walk you through everything you need to know about getting a personal loan in Aurangabad — from eligibility, documentation, benefits, and interest rates to how to apply online and compare loan offers effectively.
Why Choose a Personal Loan in Aurangabad?
Aurangabad is a rapidly growing city in Maharashtra with booming industrial development, world heritage tourism, and a strong service sector. The demand for personal loans in Aurangabad has increased significantly due to lifestyle upgrades and growing financial aspirations.
Here’s why people in Aurangabad are opting for personal loans:
- ✅ No collateral required – It’s an unsecured loan.
- ✅ Instant approval & disbursal – Funds are often credited within 24-48 hours.
- ✅ Flexible repayment tenure – From 12 to 60 months.
- ✅ Multipurpose usage – Use it for weddings, education, travel, home renovation, or any personal need.
Features of Personal Loan in Aurangabad
When you apply for a personal loan in Aurangabad, here are the standout features you can expect:
1. Loan Amount
You can borrow anywhere from ₹50,000 to ₹40 lakhs depending on your credit profile, income, and the lender.
2. Competitive Interest Rates
Interest rates start from as low as 10.25% per annum and can go up to 24% based on eligibility.
3. Quick Disbursal
Top banks and NBFCs provide loan disbursal in 24-72 hours once documents are verified.
4. Zero Usage Restriction
Personal loans come with no end-use restriction, so you can use them for anything – from medical bills to new gadgets.
5. Online Application
Most financial institutions allow 100% online applications for personal loans in Aurangabad, saving you time and paperwork.
Top Banks and NBFCs Offering Personal Loan in Aurangabad
Here’s a list of the most popular lenders providing personal loans in Aurangabad:
| Bank/NBFC | Interest Rate (p.a.) | Loan Amount | Processing Fee |
| HDFC Bank | 10.50% – 21.00% | ₹50,000 – ₹40 lakhs | Up to 2.5% |
| ICICI Bank | 10.75% – 22.00% | ₹1 lakh – ₹25 lakhs | Up to 2.25% |
| Bajaj Finserv | 11.00% – 25.00% | ₹1 lakh – ₹35 lakhs | Up to 3% |
| Axis Bank | 10.49% – 21.00% | ₹50,000 – ₹15 lakhs | Up to 2% |
| Kotak Mahindra Bank | 10.99% – 24.00% | ₹50,000 – ₹25 lakhs | Up to 2.5% |
| Fullerton India | 12.00% – 26.00% | ₹50,000 – ₹25 lakhs | Up to 3% |
Eligibility Criteria for Personal Loan in Aurangabad
To be eligible for a personal loan in Aurangabad, you must meet the following criteria:
| Criteria | Salaried Applicant | Self-Employed Applicant |
| Age | 21 to 60 years | 25 to 65 years |
| Minimum Income | ₹15,000 – ₹25,000 per month | ₹2.5 lakh annual turnover |
| Employment Stability | Min. 6 months with employer | Min. 2 years in current business |
| Credit Score | 700 and above | 700 and above |
Documents Required for Personal Loan in Aurangabad
You’ll need to provide the following documents when applying for a personal loan in Aurangabad:
For Salaried Individuals:
- PAN Card
- Aadhaar Card / Voter ID / Passport
- Latest 3–6 months’ salary slips
- Last 3–6 months’ bank statements
- Employment ID or Offer Letter (in some cases)
For Self-Employed:
- PAN Card
- Aadhaar Card / Business Proof
- ITR for the last 2 years
- Business bank account statements
- GST certificate or trade license (optional)
How to Apply for a Personal Loan in Aurangabad?
Applying for a personal loan in Aurangabad is a simple process. Here’s how to go about it:
Step 1: Check Your Eligibility
Use an online loan eligibility calculator to know how much you can borrow based on your income and credit profile.
Step 2: Compare Loan Offers
Visit trusted platforms to compare loan offers from multiple banks and NBFCs.
Step 3: Fill Out the Application
Provide your details such as name, PAN, income, employer name, and contact details.
Step 4: Upload Documents
Submit digital copies of your KYC, income proof, and bank statements.
Step 5: Get Instant Approval
Once verified, you’ll receive instant approval. Disbursal is typically done within 24–72 hours.
Tips to Get Quick Personal Loan Approval in Aurangabad
- ✅ Maintain a healthy credit score – Aim for 700+.
- ✅ Avoid multiple loan applications – It can hurt your score.
- ✅ Choose a reputed lender – Go for known banks and NBFCs with low rejection rates.
- ✅ Keep your documents updated and ready – Especially income proof.
- ✅ Use a co-applicant if required – Boosts loan eligibility and chances of approval.
Common Uses of Personal Loan in Aurangabad
Here are some of the most popular reasons why people in Aurangabad take personal loans:
- Wedding expenses – From venue booking to decoration and jewellery.
- Medical emergencies – Hospital bills, surgeries, treatment expenses.
- Home renovation – Repairs, new furniture, or modular kitchens.
- Education – Local coaching, private colleges, or foreign study prep.
- Debt consolidation – Pay off multiple credit card or loan dues.
- Travel and vacation – Domestic or international trips.
Personal Loan EMI Calculator – Plan Your Finances
Before you apply, it’s smart to use an EMI calculator to estimate your monthly repayments. Here’s a sample illustration:
| Loan Amount | Tenure | Interest Rate | EMI |
| ₹5,00,000 | 3 years | 12.5% p.a. | ₹16,730/month |
You can use online calculators to adjust tenure and interest rate and find a plan that suits your budget.
Why Compare Personal Loan Offers Before Applying?
Comparing loan offers before you apply is the smartest thing to do. Here’s why:
- ✅ Get the lowest interest rates
- ✅ Avoid high processing fees
- ✅ Pick flexible repayment tenures
- ✅ Choose lenders with low prepayment penalties
- ✅ Get personalized offers based on your profile
Platforms like allow you to compare personal loan offers in Aurangabad in seconds without impacting your credit score.
Aurangabad is evolving, and so are the financial needs of its people. A personal loan can empower you to meet life’s goals without delay. Whether you need quick cash for a family function, a health emergency, or a lifestyle upgrade — choosing the right personal loan in Aurangabad can make all the difference.
Compare offers, check your eligibility, and apply online for a seamless experience. Always borrow responsibly and ensure timely repayments to maintain a strong credit score.
