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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. 

Top Personal Loan Providers in Indore

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

Features & Benefits of Personal Loans in Indore

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.

Indore Personal Loan Interest Rates

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:


Interest Rates

Processing Fees

Bajaj Finance Limited

13.5% p.a onwards

1% of the loan amount + GST

SMFG India Credit

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)

Axis Bank

10.49% p.a onwards

Up to 2% of loan amount

Muthoot Finance

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%

IIFL Finance

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

L&T Finance

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.

Eligibility for Personal Loans in Indore

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. 

Documents Required for Indore Personal Loan

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.

How to Apply for Personal Loan in Indore

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.

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