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    Indore Personal Loan

    With interest rates starting from just 10.99%, finding a personal loan in Indore is more convenient that it was ever before! The largest and most populous city in Madhya Pradesh, Indore is home to a large number of banks that offer personal loans at attractive interest rates, flexible repayment tenures, easy EMI options, paperless approval, and minimal documentation, thereby making it easy for you to meet your immediate financial needs.
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    We found 33 Indore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    Fees & Charges
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    11.25% - 21.50% 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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    Fees & Charges
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    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Customer Reviews
    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Eligibility Criteria
    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Indore Personal Loan is Rated as "Excellent!" by 438 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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.

    Indore Personal Loan Interest RatesUpdated on 27 May 2019

    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

    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.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Indore Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in HDFC bank for more than 2 years. For the tenure of 5 years I received a loan amount as per my expectation. On time the process was done for the disbursal. The rate of interest is nominal for a personal loan. The fee was applicable and nominal.
      Was this review helpful? 0
      , indore
      Reviewed on May 21, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in HDFC bank for more than 2- 3 months. For the duration of 15 years as per my expectation I received a loan amount from bank. The customer service is good. The rate of interest and processing fee is nominal for this loan.
      Was this review helpful? 1
      , indore
      Reviewed on May 21, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for HDFC bank personal loan and to get my application processed it took only few days .Loan amount was credited with in an hour. It was a super fast loan application process with zero documentation. The tenure period is sufficent and i am happy to have their services .
      Was this review helpful? 1
      , indore
      Reviewed on May 20, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal account was taken with AXIS BANK .They provide nominal rate of interest and there is no processing fee and i am happy with that . I am very happy with their services and they provide sufficient loan amount . Overall it has been good experience .
      Was this review helpful? 3
      , indore
      Reviewed on May 20, 2019
    • ICICI Bank Personal Loan
      "Good Loan service"
      0.5 5.0/5 "Blown Away!"
      Because of the lower interest rate i have chose the ICICI bank for my personal loan. I have received the loan in 3 days. Proactively they have contacted me for the loan offer and i have contacted the same. There is a processing fee of 3% from the loan amount. They have a partial payment and pre-closure options are available with some additional charges.
      Was this review helpful? 2
      , indore
      Reviewed on May 18, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience i had with my Personal loan from HDFC BANK has been pretty good where the process was quite easy. The loan amount has been sufficient and the interest rate with them has been nominal as well. The loan is still running and their customer support has been helpful at time.
      Was this review helpful? 2
      , indore
      Reviewed on May 04, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC bank previously, They have offers me loan amount based on my requirement, it was sufficient for me, the loan came on time, the branch agent and their manager personally know me, so far i did not face issue , their service was good.
      Was this review helpful? 2
      , indore
      Reviewed on May 03, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have visited BANK BAZAAR to apply a personal loan which gives me an option of various banks with interest rate which was very easy to go. I have been using this portal for last 6months and its known through advertisement. Am satisfied with the service and the process.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 25, 2019
    • HDFC Bank Personal Loan
      "Below average"
      0.5 4.5/5 "Excellent!"
      The loan process was simple with HDFC BANK. I have applied for 2.5L but they just given me 50K which am not happy. The interest rate is okay and the processing fee is little bit high. The tenure is 2 years. The documents are submitted online as well as executive came for verification and collected few documents.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 25, 2019
    • Bank Bazaar Personal Loan
      "VERY GOOD PORTAL TO USE"
      0.5 5.0/5 "Blown Away!"
      It is the first time experience with the Bankbazaar.com as i am using it through the website as the portal is convenient and user friendly to access. The customer service is good and they are responsive by explaining the details of the loan.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 19, 2019
    • HDFC Bank Personal Loan
      "BEST "
      0.5 5.0/5 "Blown Away!"
      The documentation process was simple with the HDFC BANK and i got the loan within four days the process was simple and fast. The loan amount was good, rate of interest was 15.50% it is lesser. The duration is for repaying the loan is for 5 years.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 19, 2019
    • RBL Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Ratnakar bank. The document process is easy and I received the loan on time. The loan amount provided is of 55K. The rate of interest is of 11.99% and the processing fee is around 2.5%. I got the loan on time without any inconvenience.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 12, 2019
    • review Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I have taken this Personal loan a while back and the loan is still running, the process while getting this card has been good. The loan amount has been fine and the interest rate was not high, there was some processing fee which they had made as well for this loan.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 12, 2019
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      BANK BAZAAR provides best offers in loans when compared to others . I am using the website. The user interface is simple and intuitive. BANK BAZAAR is convenient platform to compare and choose various financial products. It was also good, they were also supportive.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 07, 2019
    • Kotak Personal Loan
      "Rate of interest is too high"
      0.5 3.0/5 "Satisfactory"
      They processed the loan very slow it take 10 days to get the loan amount from KOTAK bank . Processing charges are normal too. Only the rate of interest is high with this bank it is 16% . The customer services and response is good and there are no issues to get the loan. The process is good . 200000 of loan amount i got .
      Was this review helpful? 0
      , indore
      Reviewed on Apr 07, 2019
    • ICICI Bank Personal Loan
      "Best Service provider"
      0.5 5.0/5 "Blown Away!"
      Based on my ICICI credit card I got the personal loan within a day they disbursed the amount. Because I am a KYC customer and credit score is good. I got attractive interest, I can compare with HDFC also, they charges lesser amount. for the amount of Rs.3.5 lakhs for 24 months of duration.
      Was this review helpful? 1
      , indore
      Reviewed on Apr 03, 2019
    • Bank Bazaar Personal Loan
      "Simple to take loan"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is providing happy service, they gave me information about the HDFC Personal loan. The customer support is very proactive and they followed up in very professional manner. I had good experience with your team and the online channel has good information.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 03, 2019
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Within one or two days HDFC Bank sanctioned the loan after the documents submission, there is no guaranteer or nothing required. I got the amount Rs. 3.83 lakhs for the duration of three years. I got the better interest around 13.99% its fine for me.
      Was this review helpful? 0
      , indore
      Reviewed on Apr 03, 2019
    • RBL Bank Personal Loan
      "BELOW AVERAGE"
      0.5 2.0/5 "Expected more"
      I am not satisfied with the personal loan that i have been using it through the RATNAKAR BANK because the loan amount is satisfactory and the rate of interest was higher than others. I have been using it since from last few years and the customer service is good.
      Was this review helpful? 1
      , indore
      Reviewed on Mar 27, 2019
    • HDFC Bank Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      They have offered with lesser rate of interest so taken the HDFC BANK personal loan. The documentation process was simple and i got the loan within 2 weeks. They have provided with good loan amount and the rate of interest was 13% which is lower. The duration is fro 3 years to repay the loan.
      Was this review helpful? 1
      , indore
      Reviewed on Mar 27, 2019
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