Personal Loan in
Indore

Personal Loans ranging from Rs.25K to Rs.25L with a tenure starting from 6 months.

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Personal Loans in Indore

Personal loan in Coimbatore can be easily secured from multiple financial institutions at fair interest rates. The loan amount in Coimbatore ranges from Rs. 25,000 to Rs. 25 Lakhs with a tenor of one to five years. A personal loan can be obtained without providing any security against the loan and therefore it is an ideal option for the borrowers who are in urgent need of money. Personal loans in Coimbatore can be borrowed instantly by providing minimal documents.

A Personal Loan is also known as multipurpose loan. It can be obtained for various purposes such as paying off medical bills, home renovation, wedding expenses, travel expenses etc. You can also use a personal loan to pay off multiple unpaid loans by consolidating all your debts into one which is known as debt consolidation.

Coimbatore is the second largest city in the state of Tamil Nadu and 16th largest urban agglomeration in India. It is one of the fastest growing cities in India and a major hub for textiles, industries, commerce, education etc. Considering the rapid growing economy of the city, multiple banks and NBFCs are expanding their business and providing multiple loans in Coimbatore. If you are a local resident who is in search for a loan during your financial emergencies, you can easily apply for a personal loan as all the financial institutions provide good services to their customers.

To get an instant approval on your loan application at a lowest interest rate, you must have a good credit score along with a strong credit history. However, there are other factors that affect the lending decision of the financial institution such as your employment status, your monthly income, reputation of your present company etc. Apart from that, identity proof, address proof and PAN Card are other required documents to get a loan. Several other factors such as tenure of employment in current company and total work experience is also taken into consideration by banks and NBFCs in Coimbatore.

IndiaLends offers free customer support to personal loan aspirants. You don’t need to pay any charges or commission to us. By using our services, you can easily avail a good loan offer best suited for you. When you apply personal loan in Coimbatore through us, you just need to fill up a simple online application form. We handle everything for you ranging from the documentation to disbursal. Our experienced financial team takes care of your credit needs and finds a good personal loan offer for you. They evaluate your profile and match them against the eligibility criteria of various financial institutions. After the careful analysis of available offers, they pick the best proposal for you.

You can also check your personal loan eligibility by visiting our website. Moreover, we have an efficient personal loan EMI calculator which will help you get an idea of how much loan amount you should borrow. Furthermore, you can also benefit from our free credit report service before applying for a loan which gives an in-depth analysis of your credit history.

Personal Loan: An Overview

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.

*The figures provided in the table are indicative subject to change from time.

How it Works

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.

1

Registration

register

Apply online in less than 2 minutes

2

Quick Verification

verification

We will review your application and give you a decision within minutes

3

Loan Disbursal

receive loan

Receive the loan amount within two days.

Basic Eligibility Criteria

  • eligibility

    Good Credit Score

  • eligibility

    Above 21 years of Age

  • eligibility

    Salaried professional

  • eligibility

    Resident of India

  • eligibility

    Valid Bank Account

  • eligibility

    PAN Card and Voter ID Card/Driving License

  • eligibility

    Bank Statements for the last three months

  • eligibility

    Salary Slip for last three months

Find out your customized interest rate for a Personal Loan in Indore

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.

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Become a IndiaLends Partner

Become an IndiaLends Partner to earn incentives and rewards!

  • Earn up to 2% for loan Referral
  • Refer for credit report and earn Rs.20 on successful credit report pulled
  • Refer app to another Partner and earn Rs.750 on their first successful disbursal.

** These amount ranges are for total disbursal during the month.

Personal Loans in Indore Reviews

Your reviews motivate us and help us make our service even better

    • user
    • Vishal Gautam

      I was not able to get a personal loan since my CIBIL score was very low. IndiaLends helped me improve my credit health. As my credit score is 750 now, I am planning to apply for a personal loan once again.

      5.0

    • user
    • Ram Desai

      Based on the customer service, the overall experience with IndiaLends has been great. The security precautions that IndiaLends provides to their customers is definitely, by far, the best I've experience with any lending company till date.

      4.0

    • user
    • Sania Singh

      I really appreciate their service. As they do what they say. I applied for an unsecured personal loan with IndiaLends and it got disbursed within six days. Though the rate of interest is a bit high, but I guess it is fine when you are in urgent need of a cash.

      3.0

    • user
    • Rashee Maggu

      I applied for a personal loan at IndiaLends. The process was really swift and satisfactory. I really appreciate their customer service as they do wonderful job in showing right financial path to their customers.

      4.0

Frequently Ask Questions

Q. How much can I borrow and for how long?

A. You can get personal loans starting from Rs. 25,000 up to Rs.25 lakhs for 1 to 5 years.

Q. Can I repay my loan early?

A. Yes, you can pre-pay your loan as and when you want.

Q. How does Indialends assess my credit worthiness and how long does this take?

A. Each consumer wishing to borrow on the Indialends portal will need to go through a rigorous verification and credit assessment process. The assessment is based on information collected from various data sources like the application form, credit bureaus, bank statements, pay slips, verification reports, social media, etc. The above process is automated and happens within seconds. Hence, you can get an approval shortly after you submit your application.

Q. Why was my application rejected?

A. The reason your application was rejected was because your credit profile did not match the criteria stipulated in the Indialends policy at the time. However, Indialends might be able to approve your application at a later date, if by then your credit file has improved or there have been changes in the Indialends credit policy.

Q. What is my repayment schedule?

A. Repayment of the loan will happen monthly on an EMI (equated monthly installment) basis where the amount will be calculated based on amortizing balance. One or two of the installments might be different which will depend on the timing of the loan.

Q. What happens in the case of a missed payment or non-payment by a borrower?

A. If the monthly payment for a borrower is delayed for any reason, a penalty fee and penal interest might be charged to the borrower. The borrower’s credit file will also get impacted which will restrict him / her to get credit in the future. Legal action may also be taken against the borrower.

Q. What information is shared with the lenders browsing through the profiles?

A. Lenders will have the ability to view detailed profiles of the borrowers, information like financial information, employment information, etc. The personal information of the borrower remains protected as per our privacy policy.

Q. How do I alter my loan request?

A. Loan requests can only be cancelled prior to loan disbursal. In case you want to make any changes to your request please reach out to support@indialends.com. The support team will help you in making the modifications.

Q. How can I make monthly payments?

A. You can pay your EMIs using electronic transfer of funds, ECS.

Q. How will you disburse the loan amount?

A. Soon after the loan is approved, the funds will be transferred right into your bank account.