Major Personal Loan Providers in Indore
Feature
HDFC Bank
Private Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
0.12
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt
1% - 2.5% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes
Personal Loan Indore Features
Personal loan need arises when you are short of funds for various purposes like school fees of children, wedding celebrations, holiday trips, etc.
These are some days when the person gets some financial problem and cannot meet his/her financial needs. A personal loan is a loan that helps us to solve this kind of financial issues. It is a type of unsecured loan.
A personal loan Indore allows the buyer to use the money as per their choice. The borrower does not need to keep anything in the bank as collateral. The lender allows the borrower to use the fund as per their wish, making it a flexible loan.
This loan provides flexibility in the use of funds as per your needs. The loan is provided to those individuals who are having good cibil scores or reputed credit history.
Personal Loan Indore is an unsecured loan that provides financial aid to the customers at affordable interest rates. To get a Personal Loan Indore, the applicant needs to have a rigid and good income source and has a good credit history.
Furthermore, there is no end-use restriction on the use of the personal loan Indore amount. You can use this loan amount anywhere you want to do.
Personal Loan Indore Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
0.01
Nil
Andhra Bank Personal Loan
Nil
Nil
Documents for Personal Loan Indore
Salaried Customers:
- Identity proof (Aadhar card/driving license)
- Salary slips of last three months
- Bank statements for the last 6 months
- PAN Card
- Residence Proof (Owned/Rented/Company provided)
- Passport-sized photographs – 2
*NOTE: In case of rented apartments, rent agreement needs to be attached.
Self-Employed Customers:
- All financials are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhar Card
- Residence Proof
- Two passport-sized photographs
PERSONAL LOAN
Interest Rate 9.99%
Eligibility Criteria for Personal Loan Indore
The Personal Loan Eligibility criteria for both Salaried and Self-Employed are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
- The applicants must have the work experience of the three years. And the salary should be received in their accounts only.
- The applicants must have an excellent credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month.
Click here to know more about- Personal Loan Salaried Applicant.
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan should file ITR for the last three years.
- If the applicants are the businessman, then the business should be running from the past three years.
- The individual applicants’ credit score should be good .there should not be any debt or dues left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan is the applicants have to submit his financial and bank statements of the previous three months.
Click here to know more –Personal loan Self-employed Applicant.
Why Apply for Personal Loan Indore?
- There is no need to deposit any mortgage and collateral security to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of personal loan depends upon the repayment of individual income and capacity.
- A Personal Loan does not require any guarantor or nominee.
How to apply for Personal Loan Indore?
- Visit www.dialabank.com.
- Go to the loan section and click on the personal loan link.
- The applicant will be directed to all personal loan details where they can choose their preferred city.
- For more information and free guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Indore
Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges are 1% of the sanctioned loan amount.
In case you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the loan’s 4th year.
Personal Loan Indore EMI Calculator
Equated Monthly Installments, also known as EMI are the monthly fixed charges you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the personal loan Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan. The Personal Loan EMI Calculator as follows:
CIBIL Score required for Personal Loan Indore
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Jaipur. Most institutions require a minimum score of 750 to process your loan application.
The institutions don’t just look at the overall score and the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Indore Agents
Dialabank is the leading agent for availing Personal Loan Indore. You can apply online at www.dialabank.com or give a call at 9878981166
Dialabank helps you find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks to make the right choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.
Personal Loan Indore Contact Number
Call 9878981166 and get instant help and approval for Personal Loan Indore.
Pre Calculated EMI Table for Personal Loan Indore
About Indore
Indore is a city in west-central India. It’s known for the 7-story Rajwada Palace and the Lal Baag Palace, dating back to Indore’s 19th-century Holkar dynasty. The Holkar rulers are honoured by a cluster of tombs and cenotaphs at Chhatri Baag. The night market Sarafa Bazar sells street food. East is the Indo-Gothic Gandhi Hall and clock tower. The Jain temple Kanch Mandir has a mirrored mosaic interior.
FAQs About Personal Loan Indore
✅ Who can apply for a Personal Loan in Indore?
People who urgently need cash and have a regular income source (from employment or business) can apply for a Personal Loan Indore.
✅ What is the tenure of Personal Loan in Indore?
Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly instalments within the agreed tenure of the loan.
✅ Are there any other charges involved in Personal Loan Indore?
Yes, there are 2 types of charges that one needs to pay to avail a personal loan Indore:
Processing Fee: For every bank or lending institution you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The processing fee varies for each lending institution and is normally 1% of the loan amount.
Pre-closure Charges: Whenever you want to close a running loan before its agreed tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary depending on how many years has your loan completed before you decide to pre-close it.
✅ Can my application for Personal Loan Indore get rejected due to my CIBIL score?
Since Personal Loan is an unsecured loan, one of the most important decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or any credit card payments to decrease your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.
