metro personal loan

Personal Loans in Metros
v/s Non-metro Cities:
Differences & Benefits

October 23, 2022 • 869 views
Author: PoonawallaFincorp Category: Personal Loan

The debate about the benefits that metro cities offer to people vis-a-vis non-metro cities is interminable. Over the years, we have seen people migrating from non-metro cities to metro cities for better job opportunities, better living standards, better facilities, and other similar benefits. Also, the requirements for both these cities are different due to various factors like infrastructure, facilities, social needs, living expenses, housing expenses, and other such factors. If you are someone who is looking for the difference between a Personal Loan in metro vs non-metro cities, this blog is for you.  

Metro City

As per the census commission, a city qualifies as a metro city when it has a population of more than 10 Lakhs or one million.  Cities like Delhi, Mumbai, Chennai, and Kolkata fall under this category. Over the last few years, more cities have been added to the list of metro cities majorly due to the migration of people. Pune, Bangalore, and Hyderabad, in particular, are growing rapidly in terms of population, facilities, job opportunities, and infrastructure quality. 

Non-Metro City

Cities with less than 10 Lakh population fall under the category of non-metro cities. 

Factors that influence Personal Loans in Metros Vs Non-Metro Cities


Generally, there is a huge difference when it comes to infrastructure in metro cities and non-metro cities. In the case of metro cities, you are more likely to find well-furnished houses and modern infrastructure with all the amenities. Whereas non-metro cities have fewer amenities, such as proper roads, drainage, electricity, and other basic conveniences. This directly influences the expenses of these cities, especially housing expenses. 

The price of a house in a metro city is significantly higher compared to the price of a house in a non-metro city. Similarly, there is a huge difference in rent. Since housing cost (rented or owned) is higher in a metro area, an individual might need financial assistance from time to time to take care of any gaps in funding.


There are various transportation options available in metro cities, such as buses, autorickshaws, suburban trains, metros, etc. On the other hand, non-metro cities have few options for transportation. Other factors like travel fare and the distance covered with the transportation also vary in both cases. 

Issues like traffic and time management also influence the individual’s decision to take a Personal Loan. In metro cities, you can see people opting for cars and more high-end bikes as compared to non-metro cities due to income differences and the limited availability of choice in vehicles.

Living Standards

There is a huge difference in the living standards of metro and non-metro cities. Expenses related to lifestyle, transportation, daily running cost, basic requirements, food choices, entertainment avenues, etc. result in a huge difference in the overall cost of living in the metro and non-metro areas.

A higher living standard and social pressure to “demonstrate” can create an occasional imbalance in the individual’s monthly financial planning. Hence, a metro dweller might be more prone to availing of a Personal Loan to bridge the gap between income and expenses. 

Also Read: What are the Benefits of Using a Business Loan Calculator?

How to apply for a Personal Loan with Poonawalla Fincorp?

You can apply for a Personal Loan with Poonawalla Fincorp by following the steps mentioned below:
Step 1: Visit the official website of Poonawalla Fincorp 
Step 2: Click on the ‘Personal Loan’ section
Step 3: Click on ‘Apply Now’ under the ‘Personal Loan’ section 
Step 4: Upload the required documents and fill out the form 
Step 5: After verification of the provided details, your loan will be approved 

Bottom Line

Irrespective of the city or town you live in, you must take a loan only when necessary. There are different needs and requirements when it comes to metro and non-metro cities. Owing to Poonawalla Fincorp’s online presence, availing of a Personal Loan from Poonawalla Fincorp is always easy. You can apply for a Personal Loan by visiting our website as mentioned above. It is advisable that you take a loan as per your requirement and financial condition as there are chances that you might fall into a debt trap or overburden yourself with interest and EMIs. Before taking any loan you must always plan your loan and budget or take advice from someone who understands finance such as a financial planner.

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