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Personal loan in Indore – Interest Rate, Eligibility 2021

Fast personal loans offer instant soft approval for Personal Loan In Indore which further gets disbursed in 24 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, Speedy doorstep services, Clean transparent processing, simple & easy documentation and competitive lowest interest rate.

We also provide Personal loans in Indore to those who are bachelors & living on the shared basis or rented.

Personal Loan is purely unsecured & without a guarantor, short-term cash loan, which means that the individual customer is not required to submit the banker with any security (ex. property, jewels) or any kind of guaranty against the personal loan.

Formally, for any urgent cash money requirement, we prefer fast personal loan. It can be taken for any general purposes like education, reconstruction of property/home renovation, a Marriage expense, vacation etc. Most of the Non-Banking Finance companies or other banks offer Personal Loan up to Rs. 50Lacs for salaried Individual customers. Normally it the tenure of the loan over a period of 12 months to 60 months.

The Instant Personal Loan amount you are eligible for and the Personal Loan interest rate for you will depend on some specific factors such as monthly net income, customer’s employment category, residence history and past financial credit history along with the pattern. Banks typically have capped the monthly loan payment (EMI) on your loan to about approximately 50% – 70% of your monthly take-home income. However, a customer cannot take a Personal Loan for any kind of wrong or illegal investment or expense which is not approved by the banks or by the law.

Personal Loan In Indore offers/schemes lowest interest rates from different financial companies.

Comparison chart for the rate of interests and loan amount.

Banks/Finance Min. Salary Per month in Rs Rate of Interest Between Loan Amount Provides Between
HDFC BANK 15000 10.99% – 18% 1 Lac – 40 Lac
ICICI BANK 17500 10.99% – 18% 1 Lac – 40 Lac
Yes BANK 25000 10.75% – 16% 2 Lac – 40 Lac
Capital First 20000 12% – 24% 1 Lac – 10 Lac
Fullerton India 12000 18% – 40% 25 k – 15 Lac
HDB Financial 20000 14% – 21% 1 Lac – 15 Lac
Tata Capital 20000 12% – 18% 1 Lac – 15 Lac
PNB Bank Ltd 20000 13% – 18% 1 Lac – 15 Lac

Indore is the most populous city of the Madhya Pradesh. It’s known for the 7 story Rajwada Palace and the Lal Baag Palace. Indore’s financial district, anchored by the central Indore, functions as the financial capital of the Madhya Pradesh and it is home to the Madhya Pradesh Stock Exchange, India’s third oldest stock exchange.

In Indore, personal loans are provided by almost all the major banks & financial institutions to individuals. Also, there are unsecured loans providers from Rs. 50,000 to Rs. 40,00,000 which means that you are not necessary to mortgage anything or show an asset. The most common reason for taking a loan is debt consolidation. Some other reasons are medical, travel, home renovation, wedding & so on.

For loan approval, you need to have a good credit history & adequate income. Other factors include years of employment, your company which will determine the most important factors such as amount, tenure & interest rate. In Indore, some of the banks give you the flexibility to pre-close the loan without any extra charges. Many banks have a pre-closure charge in the 4% to 5% range.

There are many banks which offer personal loans in Indore city such as HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank etc. Also, there are multiple NBFC’s such as Bajaj Finserv, Fullerton, Tata Capital and so on which are offer unsecured personal loans.

Bank Address IFSC Code
ICICI Bank ICICI Bank Ltd, Malav Parisar,4 Choti Khajrani, A.B. Road.Indore 452008 (m.p). ICIC0000041
Yes Bank 9/1/1 M G Road Adjoining Treasure Island Indore Madhya Pradesh-452001 YESB0000040
State Bank Of India Near Gpo, A. B. Road, Indore, M.P. SBIN0000387
HDFC Bank Ug-1&2, Trade House south Tukoganjindoremadhya Pradesh452 001 HDFC0000036
RBL Bank Ratnakar Bank Ltd, Shop No.3, Ground Floor, The Grace, Plot No. 1&2, Kibe Compound, Indore-452001 RATN0000164
Capital First 501 & 502, Panama Tower, 75 Manoramaganj Extn, Kanchan Bagh, Indore, Madhya Pradesh 452001
Axis Bank Kamal Palace, 1 Yeshwant Colony Yeshwant Niwas Road UTIB0000043
Indusind Bank Industry House 15 Agra Mumbai Road, Old Palasia, Indore – 452 001 INDB0000011
Kotak Mahindra Bank Limited 580, M.G.Road,Indore (m.p.) – 452 001 KKBK0000751
Tata Capital Tata Capital Housing Finance Limited,2nd floor, 9/1/1, M.G. Road, Above Yes Bank, Next to Treasure Island Mall, Indore – 452001.
Fullerton First Floor, Kamal Kiran, 11/5 New Palasia, Near 56 Shop Square, Indore – 452 001- 452001
Bajaj Finserv Office – 605, 606, 607-A, 607-B, 6th Floor, Airen Heights Plot No.13-14, P.U.3, Scheme No. 54, – 452001, Madhya Pradesh.

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Loan Amount is 30000
No. of Month is 30
Rate of Interest [ROI] is 10
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