Personal Loans in Indore are a great option for those looking to borrow money. Personal loans can be a great solution if you’re looking to finance an emergency expense, purchase something expensive, or consolidate existing debts. The interest rates in Indore are quite competitive compared to other cities in India.
Piramal Finance provides personal loans in Indore with easy repayment options. We offer competitive interest rates, attractive loan amounts, and longer terms to meet the needs of our customers. Our customer helpline is available every day of the week, so you can get assistance whenever required.
Benefits of Personal Loan in Indore
Loan Amount Limit
When you take a personal loan in Indore, you can borrow any amount between Rs 1 lakh to Rs 10 lakh. This can help you and your family with all their financial needs.
Attractive Interest Rates
The personal loan interest rates in Indore for salaried and self-employed individuals start at 12.99*%pa. We offer reasonable and competitive interest rates based on the customers’ profiles and convenience.
Hassle-Free Documentation Process
We, at Piramal Finance, offer a seamless and hassle-free customer experience in terms of paperwork and documentation. You can apply for an instant personal loan in Indore within seconds via our personal loan page and submit all documentation in PDF format.
Speed
Everyone wants to get the loan amount disbursed into their bank account as soon as possible, and Piramal Finance understands that. Get an instant personal loan in Indore from Piramal Finance within a few minutes. Once approved, we will disburse the amount.
Documents Required for a Personal Loan in Indore
Here are some important documents you need to submit as part of the loan process:
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Row1
- Salaried
- Self Employed
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Row2
- Last 1 month's salary slip, stating employer's name, salary break up, and bank details
- Business registration certificates issued by government authorities such as GST certificates, Shop and Establishment licenses, etc.
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Row3
- Valid identity proof such as Aadhaar card/Voter’s ID/Driving License/Passport
- Last 3 years Income Tax Return along with computation of Income, Balance sheet, and Profit & Loss Account statement certified by a Chartered Accountant
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Row4
- Latest 3 months Bank statement
- Latest 3 months Bank statement
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Row5
- Form 16 or Income tax return (ITR) for the last 2 years, if applicable.
- Proof of continuity of business i.e., the partnership deed or proprietorship letter etc. in case of self-employed professional for more than 1 year, if applicable
Documents Required for a Personal Loan in Indore
Here are some important documents you need to submit as part of the loan process:
Eligibility Criteria for a Personal Loan in Indore
- Individuals must have a minimum age of 21 and a maximum age of 58.
- They should be employed for at least 2 years with a monthly minimum income of Rs. 25,000/-.
- The individual should have a valid residence proof of Indore
How to Apply for a Personal Loan in Indore
If you need an instant personal loan in Indore, visit any physical branch of Piramal Finance in Indore and submit the application with the required documentation. However, you can apply faster by visiting our online portal.
Here are the steps to follow when applying for a personal loan from Piramal Finance:
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Step 1: Check Your Eligibility
- Before filling out the application form, ensure you’re eligible for our personal loan. See if you meet all the eligibility criteria that we mentioned on this page or not. If yes, proceed to the next step.
- Step 2: Fill Out the Application & Submit It
- Fill out all the necessary information, including your professional, personal, and income details. Ensure you fill in the correct information, as any wrong input will result in rejection. Once done, submit it.
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Step 3: Submit Documentation
- Scan and upload all the necessary documents required for the personal loan application. Submit documents such as your income, photo ID, and address proof
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Step 4: Verification
- Once you submit the application and documents, wait for the experts at Piramal Finance to assess and verify them.
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Step 5: Approval & Disbursal
- Once the verification is done, we will approve your application and disburse the personal loan amount on the same day.
Personal Loan Interest Rate in Indore
Personal loan interest rates in Indore from Piramal Finance start at 12.99*%pa for both self-employed and salaried individuals. The interest rate, as well as our processing fee, combine to generate the total loan cost.
At Piramal Finance, we offer the lowest personal loan interest rates in Indore based on the applicant’s income, credit score, employment status, and other factors. We ensure the interest rate is convenient enough for you, making repayments easy.
Uses of Personal Loans in Indore
Personal Loans in Indore can be used for a variety of purposes. Some common uses are as follows:
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1. Wedding
- Are you planning a big wedding but don’t have the budget? Do you have to cut back on vacations and other things to save money for the wedding? There's no need for that anymore.
- With Piramal Finance, you can have the best wedding of your life. We take care of the finances, and you worry about the wedding plans. Our personal loan extends its support to every parent, bride, or groom who wants to have a wonderful wedding.
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2. Travel
- If you’re not going on a vacation for a long time due to the heavy expenses, say no more. With a Piramal Finance personal loan, you can plan your ever-desired family, solo, or romantic vacation away.
- Our personal loan for travel will provide you with the funds you need to visit your dream destination. Fulfill your travel lust with an instant personal loan from us.
- 3. Medical Emergency
- Get an instant loan in Indore from Piramal Finance and pay your unexpected medical expenses within a day. Whether it’s an unexpected hospitalization, accident, or operation, our instant personal loan can help you cover all medical emergency costs.
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4. Home Renovation
- With Personal Loan in Indore, you can renovate your home and give it a new definition. If you’ve always wanted to change the interior design or paint the exterior of your house, the time has come. Use a personal loan to fulfill your wish to renovate, repair, or revamp the home.
Nearest Branches of Piramal Finance where you can visit and apply for a Personal loan in Indore.
MG Road
The MG Road branch of Piramal Finance is located at Indore Center on the 3rd floor. One can take a taxi or an auto from any part of Indore to get here. Applying for a personal loan in MG Road branch is simple and hassle-free.
Vijay Nagar
The Vijay Nagar branch of Piramal Finance is located at Airen Heights, No. 503 to 505 on the 5th floor. The branch offers a variety of loans and financial services to its customers. Get the best personal loan in Vijay Nagar branch from experienced professionals.
