Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Avail of a Collateral-free Personal Loan in Indore

Indore is known as the ‘Cleanest City of India’. The city takes pride in its robust manufacturing infrastructure and residents' access to financial services. Fulfil your financial commitments worry-free with a Personal Loan from Poonawalla Fincorp.

With our loan, you can cover expenses for higher education, weddings, home renovations, or any other personal needs. Get a collateral-free loan of up to ₹50 Lakh with no end-use restrictions. Benefit from attractive interest rates, hassle-free online applications, minimal paperwork, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free Loan
Affordable Interest
Rate
Minimal
Documentation
No End-use
Restrictions
Flexible
Repayment Tenure

Personal Loan EMI Calculator

Calculate your monthly repayments seamlessly using our online EMI calculator. Enter an interest rate, loan amount and tenure to determine the EMI amount. Try it now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan in Indore

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Income: Minimum monthly salary of ₹30,000.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.

Documents Required for Personal Loan in Indore

Submit just a few essential documents:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Salary slip for the last 3 months.
  • Financial Statements: Bank statements for the last 3 months.
  • Proof of Employment: Official email ID or employee ID card.

Interest Rate and Charges for a Personal Loan in Indore

Avail of the loan at competitive interest rates and nominal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12–84 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Personal Loan in Indore

  • Home renovation
  • Debt consolidation
  • Higher education
  • Wedding expense
  • Travel and vacation

Who Can Apply for a Personal Loan in Indore

  • Salaried individuals
  • Salaried doctors
  • Salaried Chartered Accountants
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Demonstrate a stable source of income
  • Check your credit score
  • Lower your existing debts
  • Provide accurate information

Poonawalla Fincorp Branch Address in Indore

Poonawalla Fincorp Limited
Address: Office No. 717 to 720, 07th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

Can I take a Personal Loan with my partner?

Yes, you can apply for a joint loan with your partner to meet your personal needs. To improve your chances of loan approval, ensure that the co-applicant has a good credit score, stable income, and a strong credit history.

Which financial institution should I choose to obtain a Personal Loan from?

Poonawalla Fincorp offers the best Personal Loan. We offer collateral-free loans for personal use of up to ₹50 Lakh at affordable interest rates with minimal documentation, quick approval, no hidden charges, and zero foreclosure charges.

Can I prepay my Personal Loan early?

Yes, you can prepay your loan early with no extra cost if paid from own sources. However, a 4% foreclosure charge is levied if paid from other sources.

Happy Customers, Happy Us