Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Indore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    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
    Customer Reviews
    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
    11.00% - 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
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
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  • Indore Personal Loan is Rated as "Excellent!" by 380 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Indore Personal Loan

    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 11 Dec 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.

    Indore Personal Loan Reviews

    • 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? 0
      , indore
      Reviewed on Nov 07, 2017
    • Bajaj Finserv Personal Loan
      "Best customer service"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finance Services is one of the best Financial Servicers in the country. They are very courteous and help their customer to the core. They provide 0% loans, and they tend resolve customers queries. Their customer service is top notch.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 28, 2017
    • Axis Bank Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Axis Bank and the banking process is good. The process to get the loan was also easy with no much of documentation. The interest rate and processing charges is also normal. I got a rate of around 10%. The after loan services are good too.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 24, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      It was a good experience at Bankbazaar and the services are good. They done a good job as a mediator and they were prompt in contacting me from the initial start. There were couple of calls in between as well. The website is good and it is easy to access.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 24, 2017
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      I have not taken a personal loan from ICICI Bank as the bank is very high on the rate of interest. The rate was around 15%. The response was on time and I was informed the details. The processing charges was also on the higher side too when compared to the other banks.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 24, 2017
    • HDFC Bank Personal Loan
      "Its Fine"
      0.5 4.0/5 "Great!"
      I am going to close HDFC personal loan, because I don't want to carry liability always. HDFC service is very good and its prompt, I am very happy with them. Meanwhile HDFC interest rate was bit high and also HDFC taking 6% of interest for the foreclosure.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "Its an alternative option"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserv interest part is very high for the personal loan which it compared with other financial institute, it is the main reason to close the loan through foreclsoure. But they are charging addition fee around 7% on the principal amount.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have placed an online request for personal loan on bank bazaar. I got proper follow up calls and they suggested list of banks. The response was very good. The online website is user friendly. I have not used the credit score and EMI calculator options but its good.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached HDFC bank for personal loan. The customer service is good and the response was fast. The representative very supportive. The rate of interest is too high, they charge 16%. I have submitted the documents online and also executive collected the hardcopy.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Bank bazaar is really providing a very good service to the c"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is really providing a very good service to the customers. I am with bank bazaar for more than 2months . I have used bank bazaar website to apply for the personal loan which is easy to use and user friendly. The user interface is very simple to use.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I applied for my personal loan through Bankbazaar I feel it was a very good service from Bankbazaar and their representatives . Customer service is very fine also the Bankbazaar website was user friendly and I use to get regular followups from Bankbazaar executives, I could say the service was very good from Bankbazaar.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 12, 2017
    • ICICI Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I applied for a personal loan with ICICI it was a very good service from ICICI,customer service of ICICI is very good and supportive but, I don't remember about the interest rate they offered ,still I will say the ICICI service is good for my loan process.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 12, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar site was easy to approach, It is a good website to support and getting financial products from the Bank, In fact it easily helped me to connect with the bank for my personal loan request, Overall Bank Bazaar service was prompt and supportive to the customers.I used bank bazaar app instead of website. It was user friendly.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 12, 2017
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