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 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

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

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!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

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

Loan Amount

Interest Rate

%
9.99%
30%

Tenure

Months
12 Months
84 Months

Apply for a Personal Loan Online 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, KYC details 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

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:

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
1. Before repayment of first six EMI:
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
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

Here are some of the different uses of a Personal Loan in Indore:

  • Home renovation

  • Debt consolidation

  • Higher education

  • Wedding expense

  • Travel and vacation

  • Medical emergency

Who Can Apply for a Personal Loan in Indore

You can get an Indore Personal Loan if you are a:

  • Salaried employee

  • Salaried doctor

  • Salaried Chartered Accountant

  • Salaried Company Secretary

Tips for a Successful Personal Loan Application

Here are several factors to ensure a smooth Personal Loan application:

  • Demonstrate a stable source of income

  • Check your credit score

  • Lower your existing debts

  • 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 Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

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

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Frequently Asked Questions

Can I get a Personal Loan in Indore with my partner?

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.

What is the minimum salary to get a Personal Loan Indore?

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.

Which lending institution should I choose to obtain a Personal Loan in Indore?

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!

Can I prepay my Personal Loan in Indore early?

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.

What is the processing fee for Personal Loan in Indore?

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.

How easy is it to get an Instant Personal Loan?

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.

What are the Personal Loan interest rates in Indore?

Personal Loan interest rates in Indore start at 10% to 31% per annum.

What is the minimum working experience a salaried individual must have to avail of a loan amount?

Salaried individuals must have a minimum work experience of 2 to 3 years to qualify for a Personal Loan in Indore.

Can I get a with a credit score below 650 obtain 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.

Can I use a Personal Loan in Indore for debt consolidation?

Yes, you can get an Indore personal loan for debt consolidation. Poonawalla Fincorp offers loan of up to ₹50 Lakhs at competitive interest rates.

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