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    Indore Personal Loan

    Indore is the largest and most populous city in Madhya Pradesh. It is the headquarters of Indore Division as well as Indore District, and is home to a wide variety of banks that offer personal loan services to its residents.

    We found 33 Indore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
    What you'll love
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    Fees & Charges
    Good to Know
    Customer Reviews
    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    Rs.750 Amazon Voucher
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% 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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
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    Fees & Charges
    Eligibility Criteria
    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
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    Eligibility Criteria
    Indore Personal Loan is Rated as "Excellent!" by 401 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 16 Jan 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.

    Indore Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Not so Good"
      0.5 5.0/5 "Blown Away!"
      In 2015, i have purchased my personal loan from HDFC. The loan has came as a offer in my net banking hence there is no documentation is required however i have received the loan on time. I have got the loan amount of Rs. 2 lakhs. There was some processing fee which i don't remember now. The interest rate was 15% and they have not provided the partial payment. Pre-closure can be done after 1 year.
      Was this review helpful? 5
      , indore
      Reviewed on Jan 02, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, and i came to know about bank bazaar service through on line and by promotional mail as well as i got mail from bank bazaar that i am eligible to take loan so i have applied for loan from that and there customer service is too good, overall service is good
      Was this review helpful? 1
      , indore
      Reviewed on Dec 11, 2018
    • Kotak Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with KOTAK MAHINDRA BANK, the loan amount they have given me was sufficient , they have charged me rate of interest too high they have charged me up to 14% was bit high, and the processing fee they have charged me was nominal there was no delay in loan .
      Was this review helpful? 1
      , indore
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a great experience i had with the services of Bank Bazaar and i had been using it for a long time. I had been using their website as well as their mobile application which has been convenient in using. Their customer support has also been responsive and has been helpful as well.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 10, 2018
    • Kotak Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting in this loan has been good and the loan amount has also been good. The interest rate with them has been a bit higher and there has not been any sort of charges which they had made so far. Their customer support has also been responsive as well.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good and there are no issues in the process. The customer support and response is fine and there are no issues. The online services is good as I can place a request and the follow up calls are also satisfactory as well. The website is good.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 09, 2018
    • Cashe Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with CASHe. The process was good. The rate of interest is of 2.75% and the processing charges is of 500. The loan needed was as needed. Overall it is good and it is easy to get the loan on time. Till date I had no hassles.
      Was this review helpful? 0
      , indore
      Reviewed on Dec 09, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 4-5 months but i have used it for the first time. i received a call from bankbazaar through which i applied for the loan. Customer support was very good with bankbazaar and their response was on time. It was a good experience with bankbazaar.
      Was this review helpful? 0
      , indore
      Reviewed on Nov 16, 2018
    • Kotak Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My perosnal loan experience was good with Kotak mahindra bank, the process took 1 week to complete. Customer support was good and they responded on time. The loan amount was for Rs 10 lacs with nominal interest rate. The tenure period for this loan was 5 years.
      Was this review helpful? 1
      , indore
      Reviewed on Nov 16, 2018
    • 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? 16
      , 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? 2
      , 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? 6
      , 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? 10
      , 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? 5
      , 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? 1
      , 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
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