Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Indore Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Indore Personal Loan Reviews

    • Axis Bank Personal Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      Axis bank has also offered me a personal loan and the process was smooth. The bank has always been satisfactory in the services they provide. The customer support has been quick in document collection and the disbursement was also as per my requirement.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 14, 2017
    • HDFC Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC Bank. The process and documentation was simple. The services were quick. The disbursement was also on time and in all I had no issues to get the loan through. The after loan services are also good and satisfactory.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 14, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The process at Bankbazaar was excellent and the overall experience is good. It was a nice experience as I received a proper response and everything was on time. The website is good and it very much helpful to a customer to find the right bank with the best rates.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 12, 2017
    • ICICI Bank Personal Loan
      "Satisfied with the services"
      0.5 4.0/5 "Great!"
      It was a nice process with ICICI Bank for the personal loan. A smooth process from the paper work to the document collection and the disbursement was also as required. The interest rate and processing charges was also normal. The after loan services are going on smoothly too.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 12, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provided a good service. I never faced any issues with them while applying for the loan. The website is kind of easy to approach and it is useful to check the information about the loan. I had received good response and proper followups from bankbazaar.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 03, 2017
    • Fullerton Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      The services was good at Fullerton, But the regret part is they have delayed my personal loan process. The experience was good overall. The rate of interest was also okay. It was of 18%. The processing charges was also high they have charged 19000 rupees for the loan amount of 2.70 lakhs
      Was this review helpful? 0
      , indore
      Reviewed on Aug 03, 2017
    • Bank Bazaar Customer Support
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I got very good response in concern to my personal loan application with bank bazaar. The customer service rendered by bank bazaar is really good and very supportive. The website of bank bazaar is easy to use and user friendly. I am satisfied with the service rendered by bankbazaar.com.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 24, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I approached ICICI bank for the personal loan. I never received proper response from the bank end for my personal loan application I have applied for three lakh rupees when I checked with the nearest bank they confirmed its under progress..
      Was this review helpful? 0
      , indore
      Reviewed on Jul 24, 2017
    • Bajaj Finserv Personal Loan
      "Very good services & offers"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv offered me a second personal loan after three years of the first one. This experience was fine too as they offered me a reducing rate of interest of around 12% to 13%. The processing charges were very much normal too. Also they were not in need of too many documents too.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a personal loan as well. The process was smooth and easy. The paper work was minimal and overall I had no issues. I got the loan amount I was needing and the interest rate and processing charges was normal and the ECS deductions was smooth as well after the loan was disbursed.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • Bajaj Finserv Personal Loan
      "Overall a good experience "
      0.5 5.0/5 "Blown Away!"
      When I first took a personal loan with Bajaj Finserv, I was offered a rate of interest of 14 to 15%. The process was convenient as I received the funds on time without any hassle. The customer services and response was overall good and I got the welcome kit on time too.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • Bank Bazaar Customer Support
      "The best among other online channels"
      0.5 5.0/5 "Blown Away!"
      I received two to three calls in a day from Bankbazaar and I am happy with the experience. The team was very supportive and I kept getting updates through SMS and email too. I got to know the website online and when ever I want to get information on any financial product, I visit this portal and the response is instant. I also checked my credit score for free on this portal.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • ICICI Bank Personal Loan
      "Overall a good experience"
      0.5 5.0/5 "Blown Away!"
      Since I have just switched companies and my current company is a proprietorship firm, it did not match the criteria of ICICI Bank for the personal loan. Else the process and services was good at the bank. They contacted me on time and informed me the details.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • Bank Bazaar Customer Support
      "One stop solution"
      0.5 4.0/5 "Great!"
      I appreciate the timely response of Bank Bazaar and they helping to get the exact product what we expecting on our financial needs. I am very satisfied about their loan process, their people are very professional in term of servicing. The website is easy to use, but I would like to suggest them to provide multiple option.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 28, 2017
    • Capital First Personal Loan
      "Interest rate should be flexible"
      0.5 3.0/5 "Satisfactory"
      When I was need in a need, I thought to go with Capita First but they were charging high rate of interest and processing fee compared to other competitor. Even I requested Capital First to reduce the charges but they denied to process. Hence I dropped the plan to go head with Capital First.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 28, 2017
    • IDBI Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      About fifteen years ago I had taken the personal loan from IDBI bank. The interest rate for the personal loan is around 15.5%. Document part is very simple and the bank sanctioned the loan amount on time. I am very much happy with IDBI for the personal loan.
      Was this review helpful? 2
      , indore
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "satisfied"
      0.5 4.0/5 "Great!"
      Rate of interest for the personal loan with the ICICI bank was around 17.85% also the loan amount got disbursed within five days of time. Processing charges were around five thousand Rupees and the total deduction was amounting to nine thousand Rupees.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 17, 2017
    • Bank Bazaar Customer Support
      "Better "
      0.5 4.0/5 "Great!"
      Overall, My experience was a good one with the Bankbazaar.com and am using it from the last one year of time. They provide a clear picture about the product on the site, rather than visiting the bank directly. Customer service is a good one with the Bankbazaar.com, also I would like to say they need to provide assistance in customer's regional language.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 10, 2017
    • ICICI Bank Personal Loan
      "They are better"
      0.5 4.0/5 "Great!"
      ICICI bank have asked to maintain the savings account with them but unfortunately I dont have, so my personal loan application got closed. 16.99% is the rate of interest for the personal loan with the ICICI bank and the customer service was very good. In future, I would like to opt for their service.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 10, 2017
    • Bank Bazaar Customer Support
      "Better "
      0.5 4.0/5 "Great!"
      Overall, My experience was a good one with the Bankbazaar.com . I am using it from the last one year of time. They are providing a clear picture about the product here rather than visiting the branch directly. Customer service is a good one with the Bankbazaar.com, also I would like to say that they need to provide assistance in customer's regional language.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 10, 2017
    Common Loader Icon

    Indore Personal Loan is Rated as "Excellent!" by 341 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    The commercial capital of the state of Madhya Pradesh, Indore is a tier 2 city which is well on its way to becoming a cosmopolitan hub in central India. The city is the birth place of trends in the fields of commerce, trade, fashion, arts, media etc. In other words, it has a strong presence on the national level as far as practises in respective fields go.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    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 16 Aug 2017

    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 Loan in Indore

    Indore is a bustling city in the state of Madhya Pradesh. It is the biggest city with the largest population in the state. You can get personal loans from several banks as well as NBFCs to meet your financial needs in Indore. Applying for a personal loan is very simple and quick. You will get a response from your lender in a very short period. This will help you plan your lending process smoothly.

    If you are looking for a quick and comfortable way of applying for a personal loan, you can rely on the BankBazaar web portal. You can get a personal loan from BankBazaar in no time as the portal offers advanced paperless transactions, quick response time, instant decision features, clear and precise eligibility details, etc.

    Personal Loans offered by various banks in Indore

    These are some of the banks and non-banking financial corporations that offer personal loans in Indore:

    • Citibank
    • Tata Capital
    • Standard Chartered
    • HDBFS
    • Capital First
    • Oriental Bank
    • HDFC Bank
    • Fullerton
    • Aditya Birla
    • Kotak Mahindra
    • Allahabad Bank
    • Kotak Business Loan
    • Bank of Baroda

    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 2017

    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 11.35% - 14.35%Fixed Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    UCO Bank 11.35% to 11.60% (Fixed) 1% (Min. Rs.750) One time fee Rs.10 lakhs 5 years
    Allahabad Bank 13.10% (Fixed) 1.22% (min. Rs.1228) (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 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 12.65% to 13.65% (Floating) Rs.508 to 0.508% (One time fee) Rs.50,000 Max. 3 years
    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.

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