Personal Loan Indore

Indore has witnessed a fast growth in term of improved infrastructure, safe investment, high education standard and upgraded living standard.

With introduction of new products and services, it is virtually impossible to resist our temptation to buy hi-tech consumer goods. Consequently, to meet these enticements some time we face out-flow. In order to counter this situation our banking sector offers a facility like personal loan.

Some of the enterprising customers borrow money to pay as initial booking amount for property. They find personal loan as more convenient and cheap rather than borrowing from elsewhere.

Inclination for excursion tour in India and abroad is another channel where the frequent outflow of money has marked. Again, with the help of personal loan we can accomplish our enticing dreams.

One can search for online for personal loan and register himself for a free counseling from customer executives.

Get lowest interest rates on Personal loan in Indore from top 10 Banks & your CIBIL score absolutely FREE.
Loan Amount
Employment Status

Personal Loan Interest Rates in Indore

Banks Rate of Interest Processing Fee Loan Amount Prepayment Charges Disbursal Time Part Payment Option
Kotak Bank 10.50% - 16.99% 0.99% - 2.5% Rs.100,000 - Rs.20,00,000 Zero (if loan Amount is more than 10 lakhs) Else 5% 3 - 4 working days Yes
HDFC Bank 10.75% - 13.45% upto 3999 + GST Min. 50,000 Max. as per eligibility Nil (For Loan amount>10 lakhs and 12 EMI paid), else 4% 3 - 4 Days No
ICICI Bank 11% - 17.50% Rs.999 for Special offers otherwise 1% - 2.5% Rs.50,000 - Rs.20,00,000 Nil (For Loan amount >10 lacs & 12 EMI paid), else 5% 3 - 4 working days No
Citibank 11.49% to 16.50% Upto 2.0% + 0.5% (waiver on PF)
Special surprise gift from Citi Bank
Rs.1,00,000 - Rs.30,00,000 Upto 3% 48 hours Yes
Standard Chartered 11.50% - 18% 0 - 1% Rs.1,00,000 - Rs.30,00,000 Upto 5% 3-4 Working days Yes
Bajaj Finance 11.99% - 16% Upto 2% Upto Rs.25 Lacs Upto 4% post 1st EMI clearance Approval In 48 Hours Yes
Tata Capital 11.99% - 17% Rs.999-2.50% Rs.75,000 - Rs.15 Lacs Part Prepayment Charges: Nil (Allowed Post 6 months, Once a year, 25% of Principal Outstanding) Loan disbursement in 3-4 days Yes
Fullerton India 11.99% - 26% 2% Rs.50,000 - Rs.15,00,000 Upto 7.00%, 0% after 3 years 2-8 days No
IndusInd Bank 12.99% - 20% 0.5% -2% Rs.1,00,000 - Rs.25,00,000 4% 4 working days No
HDB Financial Services 16% - 21% up to 2% Rs.100,000 to Rs.15,00,000 Nil for Selected Corporates Employees (CAT A & B).
4% For Rest
2 days - 7 days No

Eligibility Criteria

Eligibility Criteria for Personal Loan in Indore
Banks offer Loan to borrowers depending on various factors such
as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date.
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Banks offer Loan to borrowers depending on various factors such as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date. The eligibility criterion of a personal loans is primarily based on the work profile of a loan seeker which is broadly divided into the following two classes:
Salaried Self Employed
Metros: Minimum Salary Required is Rs. 15000/- p.m
Other Cities: Minimum Salary is Rs. 12500/- p.m
Metros: Minimum ITR Rs. 150000/-
Other Cities: Minimum ITR Rs. 150000/-

List of Personal Loans Banks

HDFC Bank
ICICI Bank
Bajaj Finserv
Yes Bank
Canara Bank
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HDFC Bank Bajaj Finserv ICICI Bank Axis Bank
Fullerton India ING Vysya Kotak Bank HDB Financial Services
Bank of India Union Bank of India United Bank of India Punjab National Bank
IndusInd Bank Dena Bank Andhra Bank Citibank
Indian Bank Vijaya Bank Corporation Bank RBS

Documents required
for Personal Loan

Documents required for Personal
Loan in Indore
Identity Proof : Passport/ Driving License/PAN card/ Photo credit card (with embossed Signature and last two months
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Age Proof : PAN Card/ Passport/ Driving License / School leaving certificate/ Voter’s card/BirthCertificate/ LIC policy (only for age Proof). (Anyone of the above) Address Proof : Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) (Anyone of the above)
Income Proof : Latest salary slip/current dated salary Certificate with latest form 16 (Anyone of the above)
Job Continuity Proof : Form 16/relieving letter/appointment Letter (for last two months) (Anyone of the above)
Banking History : Bank statements of latest 2 months/ 3 months bank passbook (Anyone of the above)

Eligibility Criteria

Eligibility Criteria for Personal Loan in Indore
Banks offer Loan to borrowers depending on various factors such
as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date.
close
Banks offer Loan to borrowers depending on various factors such as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date. The eligibility criterion of a personal loans is primarily based on the work profile of a loan seeker which is broadly divided into the following two classes:
Salaried Self Employed
Metros: Minimum Salary Required is Rs. 15000/- p.m
Other Cities: Minimum Salary is Rs. 12500/- p.m
Metros: Minimum ITR Rs. 150000/-
Other Cities: Minimum ITR Rs. 150000/-

List of Major Bank Branch Address for Personal loans in Indore :

Bank Name Address of Indore
Idbi Bank Limited Alankar Chamber, Ratlam Koti, AB Road, South Tukoganj, Indore, Madhya Pradesh 452001
Bank of India Sanvid Nagar, Indore, Madhya Pradesh
Federal Bank Limited 1/2, Joara Compound, M Y Hospital Road, M Y Hospital Road, Indore, Madhya Pradesh 452001
ICICI Bank ATM 8 Usha Nagar Extention, Annapurna Road, Indore, Madhya Pradesh 452009 
Corporation Bank New Palasia, Old Palasia, Indore, Madhya Pradesh 452001
Union Bank Of India No. 1/3, Murai Mohalla, Sanyogita Ganj, Indore, Madhya Pradesh 452001 
Kotak Mahindra Bank 580, M.G.Road,, Indore, 452001
Bank Of India Tilak Path Main Rd, Rambag, Indore, Madhya Pradesh 452006 
HDFC Bank National Highway 3, Anand Nagar, Indore, Madhya Pradesh
Canara Bank Microwave Tower Chouraha, Navlakha Branch, South Tukoganj, South Tukoganj, Indore, Madhya Pradesh 452001
Union Bank of India 30, Sneh Nagar, Patel Nagar, Main Road, Patel Nagar, Indore, Madhya Pradesh 452001  
Syndicate Bank Laxmi Apartments, Gulmohar Colony No. 4, Kanadia Road, Indore, Madhya Pradesh 452001 
IDBI Bank-Vijay Nagar Papalal Tower, AB Rd, Near Satya Sai Square,Near Satya Sai Chouraha, Vijay Nagar, Indore, Madhya Pradesh 452010
State Bank of Indore Bartan Bazaar, Cloth Market, Indore, Madhya Pradesh
Union Bank of India 30, Sneh Nagar, Patel Nagar, Main Road, Patel Nagar, Indore, Madhya Pradesh 452001
Bank Of India - Palasia Race Course Rd, Near Janjeerwala Square, Opposite BBC, Mourya Center, Old Palasia, Indore, Madhya Pradesh 452001
State Bank Of India Bank Manik Bagh Road 30, Manik Bagh Rd, Manik Vilas Rd, Godha Colony, Palsikar Colony, Indore, Madhya Pradesh 452001 
Axis Bank Ltd Kamal Palace 1, Yeshwant Colony, YN Road, Indore, Madhya Pradesh 452003 
HDFC Bank Airport Rd, Indore, Madhya Pradesh 452006
State Bank Of India 5, Y.N Rd, Shivaji Nagar, Indore, Madhya Pradesh 452001  

 

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Top Bank for Personal Loans

Personal Loan Rates 2019

ICICI Bank 10.99 - 16.50%
Kotak Mahindra 10.99 - 17.25%
Standard Chartered 11.50 - 18.00%
HDFC Bank 10.99 - 20.75%
Bajaj Finserv 11.99% onwards
IndusInd Bank 12.99 - 20.00%
SBI 12.90 - 16.55%
Citibank 10.99%
Tata Capital 10.49 - 19.00%
Fullerton India 11.99 - 26.00%

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Personal Loan Madhya Pradesh