Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Indore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99%
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    10.99% - 25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    Perks
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    Good to Know
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 14.49% Fixed
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    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Indore Personal Loan is Rated as "Excellent!" by 392 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Indore Personal Loan

    Indore is a primary city in the large state of Madhya Pradesh. It has a rich historic culture with many beautiful palaces and monuments. The city has a population of around 19.9 lakh. One can experience the culture of the city by visiting its busy bazaars and by enjoying the yummiest street food.

    The city is well-equipped with essentials. The banking industry in Indore is advanced and beneficial to a number of people in the city. One can choose banks or non-banking financial companies for his or her financial requirements. Whether you want a loan, a credit card, or a savings deposit, you can be assured that you will have excellent access to such products in the market at good rates.

    If you are in need of extra money to handle any of your personal needs, you can simply apply for a personal loan and repay it in equated monthly installments (EMIs). Indore has a number of top lenders that process and approve personal loan applications without causing any hassle to the borrower.


    You’re probably eligible for an Indore Personal Loan if you are

    01
    02
    03
    04
    Indore Personal Loan Minimum Age

    At least 21 years old

    Indore Personal Loan Maximum Age

    Less than 65 years old

    Indore Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Indore Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Indore Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Indore Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Indore Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Indore Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Indore Personal Loan amount by these steps

    01
    02
    Indore Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Indore

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Indore Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Indore Personal Loan Interest RatesUpdated on 21 Sep 2018

    Indore Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Apply for Personal Loan

    Personal Loans offered by Various Lenders in Indore

    A few of the top lenders that offer personal loans in the city of Indore include:

    • Bank of Punjab
    • Federal Bank
    • UCO Bank
    • IndusInd Bank
    • Kotak Mahindra Bank
    • Oriental Bank of Commerce
    • State Bank of India (SBI)
    • City Union Bank Ltd
    • Citibank
    • Unit Trust of India
    • Indian Overseas Bank
    • ING Vysya Bank
    • Standard Chartered Bank
    • Dena Bank
    • Tata Capital
    • Andhra Bank
    • Canara Bank
    • IDBI Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Syndicate Bank
    • Punjab National Bank
    • Corporation Bank
    • South Indian Bank
    • Karnataka Bank

    How do I get a Personal Loan with the lowest interest rate in Indore?

    You can procure a personal loan with the best interest rate by comparing and researching thoroughly. You will also need to prove your creditworthiness to your lender. For this, you will have to maintain a good credit score. A typical good credit score is anything above 750/900. Your lender may also check your job situation. If you have been shifting jobs on a frequent basis, the lender may not trust you to repay the loan on time. Therefore, before you apply for a personal loan, make sure you have been in a job for a reasonably long period. This will establish that you have a regular source of income and that you will be able to make your loan EMIs along with your other monthly expenditures. You should also fix your personal loan amount as per your financial situation. You should ensure that you do not borrow an extremely high amount as you should not have to struggle to pay your installment amounts. Struggling to make repayments can also lead to defaults of loans, which is very bad for your credit score.

    By following these tips, you can get an economical interest rate for your personal loan.

    Personal Loan Interest rates in Indore 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.00% - 17.99% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 11.49% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Tata Capital 11.99% - 19.50% (Fixed) Rs.0 One time fee Rs.20 lakh (Max) 1-6 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 Lakh (Max) 1-4 Years
    Bank of Baroda 1-year MCLR + SP + 3.00% to 1-year MCLR + SP + 8.00% Rs.1,000 to Rs.10,000 (2% of your loan amount) Rs.50,000 to Rs.10 lakh Up to 60 months
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 14% to 26% p.a. Nil Rs.25,000 to Rs.15 lakh 6 to 36 months
    UCO Bank 11.35% to 11.60% (Fixed) 1% (Min. Rs.750) One time fee Rs.10 lakhs 5 years
    City Union Bank 9.75% to 12.50% p.a. Information not provided Up to Rs.5 lakh 1 year
    Allahabad Bank Information not provided 1.06% of loan amount Information not provided 1 to 5 years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years
    Union Bank 14.4% (Floating) 0.5% (Min. Rs.500) One time fee Rs.5 lakhs Max. 1-5 years
    SBI 12.90% to 14.90% 1% (One time fee) Rs.24,000 to Rs.15 lakhs 5 years
    Standard Chartered 10.99% - 14.49% (Fixed) Rs.0 Rs.30 lakh (Max) 1-5 Years
    Capital First Up to 1.5% (One time fee*) 12%-18% (Fixed) Rs.15 lakhs 1-5 years
    Vijaya Bank 13.50% (Fixed) Nil Rs.10 lakhs 1-5 years
    HDBFS 13.99%-16.99% 1%-2% (One time fee) Rs.30 lakhs 1-5 years
    South Indian Bank 13% (Fixed) 0.50% (One time fee) Rs.3 lakhs 1-4 years
    TATA Capital 11.99%-19.50% Nil Rs.20 lakhs 1-6 years
    IndusInd Bank 11.99%-19% (Fixed) Up to Rs.3,000 (One time fee) Rs.25 lakhs 1-5 years
    Oriental Bank 10.85%-11.85% 0.5% (One time fee) Rs.50,000-Rs.10 lakhs 1-5 years
    HDFC Bank 10.99%-19.8% (Fixed) Up to 2.5% (One time fee) Rs.25 lakhs 1-5 years
    Fullerton 17.25% to 37% (Fixed) 1.5% to 6% (One time fee) Rs.15 lakhs 1-4 years
    Indian Bank Information not provided 0.51% of loan amount with a ceiling of Rs.510 5 to 7 times the gross salary of the loan applicant Up to 36 months
    Karur Vysya 13.35% to 15.85% 0.40% (One time fee) Rs.1 crore Max. 1-3 years
    Bank of India 13%-14% (Fixed) Rs.1,000 to Rs.10,000 (GST not included) Rs.10,000-Rs.5 lakhs 1-3 years
    Tamilnad Mercantile 14.30% to 16.30% (Floating) 1% (One time fee) Rs.2 lakhs Max. 1-5 years
    Dena Bank 13%-14% (Fixed) 1% (One time fee) Rs.15,000 to Rs.1 lakh 1-3 years
    IOB 13.65% (Fixed) 1.01% to 1.10% (One time fee) Rs.1 lakhs to Rs.15 lakhs 1-5 years
    BOM 12.75% (Fixed) 1% (Min. Rs.1,000) Rs.1.5 lakhs 1-3 years
    Canara Bank 12.75% (Floating) Rs.1,000 to Rs.5,000 (One time fee) Rs.3 lakhs 5 years
    Central Bank 11.4% (Floating) Rs.500 (One time fee) Rs.10 lakhs 4 years
    IDBI Bank 12.20% (Floating) 1% + G.S.T. (One time fee) Rs.50,000 to Rs.10 lakhs 1-5 years

    Salary Requirements to avail Personal Loans in Indore

    When you are applying for a personal loan in Indore, you need to meet certain eligibility criteria. These are the requirements:

    • The minimum age criterion is 21 years and the maximum age criterion is 65 years.
    • You should be earning a regular through a salaried job or a self-employed venture.
    • Your maximum loan amount can be Rs.50,000 to Rs.30 lakhs.
    • You will need to submit proof of residence, bank statement for the most recent 6 months, age proof, and address proof, Form 16 or Income Tax Returns, Income Tax Returns for the most recent 3 years, your photograph, and your signed application form.
    • Your monthly salary will have to be at least Rs.17,500.

    Indore Personal Loan FAQs

    1. How can I apply for a higher amount for my personal loan?

      You can raise your personal loan amount by clearing all your credit card bills and by selecting a longer loan period for up to 5 years.

    2. I am a self-employed applicant. Could you let me know about the documents that I need to submit?

      You will have to give your Income Tax returns with the calculation of your income for the most recent 3 years. You will also need to submit your balance sheet and profit and loss account that is CA certified or audited.

    3. Does BankBazaar have paperless options for personal loans in Indore?

      Yes, BankBazaar has collaborated with certain banks to provide you with convenient paperless options. Some of the institutions that offer paperless transactions include ICICI Bank, HDBFS, HDFC Bank, Fullerton, Oriental Bank, and more.

    4. Will I need to pay the processing fee more than once?

      This depends on the bank that you approach. Most banks charge a one-time fee for the processing fee.

    5. Will I have to make arrangements for a guarantor while applying for a personal loan?

      No, you do not require a guarantor for a personal loan application.

    Indore Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv. The customer services and response is good. The rate of interest and processing charges are normal. The process to get the loan is good and I got the loan amount I needed. The after loan services are good too.
      Was this review helpful? 7
      , indore
      Reviewed on Sep 07, 2018
    • Bank Bazaar Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have been using BNAK BAZAAR services from past . I have not started using mobile application of bank bazaar . The process and services which has been provided through this bank is pretty good . I came to know about this website through online . For the first time i have taken finical product from bank bazaar .
      Was this review helpful? 1
      , indore
      Reviewed on Aug 30, 2018
    • Kotak Personal Loan
      "excellent"
      0.5 5.0/5 "Blown Away!"
      My loan amount was taken with KOTAK BANK , there is no hidden charges with this bank . Customer service and their follow up is good , the process of getting loan is too quick . My tenure period is 5year and rate of interest is 11.99% and it is nominal in the market . Processing fee is nominal and they gave preclosere option too .
      Was this review helpful? 3
      , indore
      Reviewed on Aug 30, 2018
    • Bank of Baroda Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have take personal loan from Bank of Baroda which they approved in 1 day and the amount is reflected in next day ,its instant approve process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 5-6 years and i make the payment monthly though ECS. Even the processing fees and charges are also very high.
      Was this review helpful? 1
      , indore
      Reviewed on Aug 22, 2018
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My experience was not up to the mark with HDFC bank for personal loan, the process took 1 week to complete. The loan amount was for Rs 80000 for 2 years with high interest rate when compared to other banks. Customer support is not up the mark with this bank.
      Was this review helpful? 4
      , indore
      Reviewed on Aug 21, 2018
    • Capital First Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CAPITAL FIRST 3 years back. The loan amount was 50,000 and the given interest rate was satisfactory . The tenure period was 24 months. The customer service and responses was good. Its a paperless process . The processing fee was bit high than other banks and they have sanctioned the loan with the committed time.
      Was this review helpful? 4
      , indore
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had a good experience with BANK BAZAAR . The customer service and responses was up to the mark. The mobile application was amazing . The options are really good and the website is also very user friendly so I would like to recommend to others.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 05, 2018
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my loan . They have rejected my application due to my low salary. The loan amount was 2 lakhs and the interest rate was satisfactory . The customer service and responses was good.My overall experience was average ,
      Was this review helpful? 0
      , indore
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is very good and am using it from the last three years of time. I would like to say that the customer service is good one with them till now. Everything is better one with the Bankbazaar.com. I am happy with them till now.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 28, 2018
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with bankbazaar so far, they provide very good services on financial products when compared to all other banking websites. I know bankbazaar.com from last 2-3 years. Customer service was good and their response was prompt. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 1
      , indore
      Reviewed on Feb 12, 2018
    • Fullerton Personal Loan
      "Needs to improve"
      0.5 2.0/5 "Expected more"
      My Personal loan application was approved with Fullerton and my loan experience was not up to the mark. The loan amount i requested was for Rs 1.5 lakhs but the loan amount was approved only for Rs 42000 which is not sufficient. Customer service was not satisfactory, they did not give proper information about the charges and the rate of interest. They did not provide door step service to collect the documents.
      Was this review helpful? 0
      , indore
      Reviewed on Feb 12, 2018
    • Fullerton Personal Loan
      "Processing fee is high "
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from FULLERTON INDIA. The approved loan amount was 50000. The interest for 50 thousand was 11%. The monthly EMI which i have to pay was 2550 for 3 years. The processing fee was really high. It comes around 5000 rupees. The documentation done well.
      Was this review helpful? 4
      , indore
      Reviewed on Dec 22, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was recently came to know about the service of Bankbazaar.com also this was my first experience with Bankbazaar.com ,I applied with Bankbazaar.com website which was easy to use ,customer support was good compared to others in the market it was a good experience with Bankbazaar.com.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      ICICI personal loan service was good ,the rate of interest was nominal compared to the market value.compared to others in the market. The documentation part was easy they collected the documents from my door step, it was a excellent service from ICICI bank personal loan department.
      Was this review helpful? 1
      , indore
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is good and they have provided the services on timely basis, also its the kind of privilege one. I am using it for the first time and everything is good one with them till now. I am happy with the Bankbazaar.com.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 06, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      Everything is good one with the ICICI bank for the personal loan, also the loan amount got approved within two weeks of time. ICICI bank is very good. I am happy with the ICICI bank for the personal loan.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 06, 2017
    • YES Bank Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the Yes bank and the rate of interest is around 13.29%, also the response is very good. The loan amount got disbursed within four days of time and there are not much hassle with them.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 05, 2017
    • Bank Bazaar Personal Loan
      "Fabulous"
      0.5 4.5/5 "Excellent!"
      Bankbazaar.com application is very good like they have given some other option to go ahead with lot of bankers. I would like to say that comparision options which is availiable on this Bankbazaar.com site is really good. In addition to that, I would like to say that I am very much glad to use the services of bankbazaar.com.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 05, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Rate of interest with the ICICI bank was around 17.99%, which was not really good. I would like to say that the customer service was really good one and the response was fine one for me with the ICICI bank.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 05, 2017
    • Bajaj Finserv Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I previously applied for the personal loan from Bajaj finserv, my loan application was approved and the amount was sanctioned. I had taken loan for Rs 20000 with zero percent rate of interest as the loan amount is very less. The customer service was the best, no approval on documents were required. Overall it was a good experience.
      Was this review helpful? 2
      , indore
      Reviewed on Nov 07, 2017
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