Indore has emerged as yet another industrial hub in north India. With the increasing employment opportunities and the booming IT industry in the city, the purchasing power of the people is increasing. Banks and NBFCs are capitalising on the rapid financial growth of Indore by offering attractive loan options. You can easily avail a personal loan in Indore from any of the top banks/NBFCs in the country.
If you choose to apply for your personal loan via Bajaj Markets, you also get a number of additional benefits such as instant approval, flexible repayment tenure and affordable rates of interest.
Many banks and NBFCs offer personal loans in Indore. Here is a list of all the lenders you can apply for a personal loan with at Bajaj Markets:
Bajaj Finance Limited
Fullerton India Credit Co. Ltd.
PaySense Partners - PayU Finance (India) Pvt. Ltd
Axis Bank
Muthoot Finance
CASHe
EarlySalary
Yes Bank
KreditBee
InCred
There are numerous benefits of availing a personal loan to finance your lifestyle needs or when you are in urgent need of funds in case of an emergency. Given below are some of the features and benefits of availing a personal loan in Indore:
Minimal Documentation: These days, many banks and NBFCs are willing to grant personal loans with minimal documentation if you have a healthy credit profile and already have a good relationship with them.
Quick Disbursement: On successful approval of your loan application, most lenders would disburse the loan amount to your bank account within 24 hours.
Flexible tenure: Most lenders allow you to repay your personal loan comfortably over a tenure of 12 to 60 months.
No Hidden Charges: There are no hidden charges involved if you apply for a personal loan at Bajaj Markets.
Swift Approval: All you need to do is fill in an online application form and upload the relevant documents. Your personal loan application will be approved instantly and the amount shall be disbursed within 24 hours of approval.
You can avail personal loans in Indore from Bajaj Markets at affordable interest rates. The following table lists down the interest rates levied by our lending partners along with the applicable processing fee:
Providers |
Interest Rates |
Processing Fees |
13.5% p.a onwards |
1% of the loan amount + GST |
|
12% p.a onwards |
Between 0% - 6% of the loan amount |
|
14% p.a onwards |
2% - 2.5% of the loan amount + GST or ₹500 + GST (depends on whichever is higher) |
|
10.49% p.a onwards |
Up to 2% of loan amount |
|
14.50% onwards |
2% - 4% of loan amount |
|
30% p.a onwards |
₹1,200 or 2% of loan amount, whichever is higher + GST as applicable |
|
14% p.a onwards |
Starting from ₹399 + ₹100 stamp duty |
|
15% p.a onwards |
From ₹500 to up to 6% of the loan amount |
|
10.99% p.a onwards |
From ₹1499 to 2.50% of loan amount |
|
21% p.a onwards |
2%-4% of the withdrawal amount |
|
24% p.a. onwards |
Processing fee: Rs. 50 to Rs. 200 + 18% GST depending on the loan amount with maximum APR of 48% |
|
18% p.a. onwards |
2.50% - 4% of the loan amount + GST |
|
1.50% p.m. onwards |
Up to 4% of the loan amount with a minimum of ₹500 |
|
11% p.a. onwards |
Up to 2% of principal outstanding + applicable taxes |
Disclaimer: Interest rates are subject to change. Please check with the lender before applying.
While eligibility criteria are different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are as under:
You must be an Indian citizen.
You must have a regular source of income. You can be either a salaried employee of a company or a self-employed individual.
You must be at least 18 years of age.
You will need to furnish the following documents while applying for a personal loan:
Identity Proof: Voter ID Card, Aadhaar Card, PAN Card, passport etc.
Address Proof: Aadhaar Card, driving licence, Voter Card, passport, utility bills, rent agreement, etc.
Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income return certificate or latest Form 16.
Applying for a personal loan in Indore via Bajaj Markets is an easy and hassle-free process. All you need to do is follow the steps mentioned below:
Step 1: Visit the Personal Loans page on the Bajaj Markets website.
Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.
Step 3: Enter some basic details like your income, type of employment and contact number.
Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you the best.