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 in Indore with a Personal Loan from Poonawalla Fincorp.
With our loan, you can cover expenses for higher education, weddings, home renovations, unexpected medical expenses or any other financial 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, instant approval, minimal paperwork, and no hidden charges. Apply now!
Why Choose Poonawalla Fincorp
Personal Loan EMI Calculator
Calculate your monthly Personal Loan EMIs seamlessly using our online EMI calculator. Enter an interest rate, loan amount and tenure to determine the repayment amount. Before applying, make sure to check your loan eligibility to ensure you meet the lender’s criteria. Try it now!
Apply for a Personal Loan Online in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now”button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Eligibility Criteria for a Personal Loan in Indore
To get 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
To get an Indore Personal Loan, submit the following documents required:
- 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 1 month.
- 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:
i) If Foreclosure or Prepayment is done including balance transfer from another financial institution – 4 % on amount being prepaid plus applicable taxes.
2) After repayment of first six EMI:
i) If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges.
ii) If Foreclosure or Prepayment is done any other source including by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes.
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
Here are some of the different uses of a Personal Loan in Indore:
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Home renovation
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Debt consolidation
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Higher education
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Wedding expense
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Travel and vacation
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Medical emergency
Who Can Apply for a Personal Loan in Indore
You can get an Indore Personal Loan if you are a:
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Salaried employee
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Salaried doctor
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Salaried Chartered Accountant
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Salaried Company Secretary
Tips for a Successful Personal Loan Application
Here are several factors to ensure a smooth Personal Loan application:
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Demonstrate a stable source of income
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Check your credit score
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Lower your existing debts
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Provide accurate information on your application form
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
Frequently Asked Questions
Yes, working individuals can apply for a joint loan with their partner for any financial assistance they may require. To improve chances of loan approval, ensure that the co-applicant has a good credit score, stable income, and a strong credit history.
To avail a Personal Loan from Poonawalla Fincorp, a minimum salary of ₹30,000 is required to meet the loan eligibility criteria. The last month's salary slip must be provided for verification.
You should choose an institution that has ideal loan solutions for your needs and whose eligibility criteria you can easily fulfil. Poonawalla Fincorp offers convenient Personal Loans; applicants can get loans up to ₹50 Lakh at affordable interest rates with quick approval, flexible terms and zero foreclosure charges!
Yes, you can prepay your Personal Loan in Indore early with no extra cost if paid from your own sources. However, a 4% foreclosure charge is levied if money is used from other sources. Prepayment terms vary across lenders, so ensure you check with your lender and make an informed decision.
The fee for processing a Personal Loan in Indore can be up to 3.93% of the loan amount. Poonawalla Fincorp's processing fee is 3%, making it a convenient and accessible source of funds.
As an unsecured loan, getting an Instant Personal Loan approved is quite simple. That being said, it still depends on your credit score, current financial background, employment status and other factors. These loans also have minimal documents required for application, making it easier to access funds.
Personal Loan interest rates in Indore start at 10% to 31% per annum.
Salaried individuals must have a minimum work experience of 2 to 3 years to qualify for a Personal Loan in Indore.
If you have a credit score below 650, you may find it difficult to obtain a Personal Loan in Indore.
Yes, you can get an Indore personal loan for debt consolidation. Poonawalla Fincorp offers loan of up to ₹50 Lakhs at competitive interest rates.
Explore Different Types of Personal Loans to Suit Your Needs




























































































































































Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.