Personal Loan in Indore up to ₹30 Lakhs: Apply for Personal Loan in Indore

Instant Personal Loan in Indore

Indore, one of India's cleanest and most dynamic cities, stands as the commercial heart of Madhya Pradesh. While attracting tourists with its preserved palaces and rich heritage, the city is also rapidly transforming into a thriving Smart City. Fueled by robust industrial, IT, and manufacturing sectors, and supported by established educational institutions, Indore is driven by hard-working individuals. For residents keeping pace with this modern, vibrant city, proper personal financial planning is the key to upholding a comfortable lifestyle.

L&T Finance offers Personal Loan in Indore offers up to ₹ 30 Lakh* at competitive interest rates starting from 11%* p.a., with a tenure of up to 72 months. A fully digitised process means you can apply, get approval in just 2 minutes*, and receive funds for all your needs.

Features And Benefits of LT Finance Personal Loan in Indore

Easy Disbursement
Avail quick digital disbursal of loans of up to ₹ 30 Lakh
Quick Loan Approval
Get approval in 2 minutes* ensuring convenience
Competitive Interest Rates
Repay easily with interest rates starting from 11% p.a.*
Minimum Documentation
Apply for a Personal Loan with minimal documentation
Top Up Available
Eligible customers can get a Top Up Loan on an existing Personal Loan
No collateral required
No security or collateral is required to get a Personal Loan

Uses of Personal Loan in Indore

Medical Emergencies – Cover sudden treatment costs without delaying care
Home Renovation – Upgrade your living space with fresh interiors or extensions
Travel & Leisure – Plan family vacations or business trips without budget constraints
Education & Skill Upgrades – Finance courses or coaching for career growth
Debt Consolidation – Simplify multiple obligations into one easy EMI

Eligibility Criteria for Personal Loan in Indore

Check the personal loan eligibility criteria in Indore to ensure you meet the required age, income, and employment conditions.

Type	Criteria
Residency	Indian resident
Age requirement	21 years to 58 years
Profession	Salaried or self-employed individuals

Documents Required to Get a Personal Loan in Indore

Find out the key documents needed to apply for a personal loan in Indore, including ID proof, address proof, and income documents.

Document Type	Required Document & Checks
Identity Proof	Passport \| PAN Card \| Driver License \| Voter ID \| Aadhaar Card
Address Proof	Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) \| Passport \| Voter ID Card \| Driving License
Income Proof	Income proofs vary for different professionals across salaried and self-employed.

Please find the easy detailed list of required documents here

Type	Document
Salaried	Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate
Self Employed	Latest Income Tax Return (ITR)
Bank Statement	Last 3 month's statement is mandatory
Residence Ownership Proof	Not mandatory

Personal Loan Interest Rates and Charges in Indore

Compare personal loan interest rates and charges in Indore to choose the most affordable and flexible loan option.

Type	Interest Rate and Charges
Loan Processing Fees (non-refundable):	Upto 3%* of Loan Amount + applicable taxes
EMI Dishonour/Bounce Charge* *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate	As shown in the table below
Sanctioned Loan Amount	Charges
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 30 Lakh	₹ 1000
Late Payment Charges (LPC)/ Penal Charges:	2% (p.m.) on EMI overdue + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23
	*Taxes applicable on LPC w.e.f. 1st Apr'24
Part Payment Charges:	Up to 5% of pre-paid amount + applicable taxes
Foreclosure Charges:	5% of POS (Principal Outstanding) + applicable taxes
Legal/ Recovery Charges:	As per actuals
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	From 4th Paper copy - ₹250 + applicable taxes
Repayment Swap charges (per swap):	₹500 + applicable taxes (applicable only for branch walk-ins)
Loan Cancellation Charge:	Nil - for 3 days from date of disbursal
Loan Cancellation Charge:	From 4th day - 5%+ applicable taxes (on the outstanding loan amount)
Document Charges:	Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
Annual Maintainance Charges (AMC):	Nil

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

How to Apply for a Personal Loan in Indore

Apply for Personal Loan with these steps

1. Apply online in just few minutes

Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey

2. Fill in your details

Enter your personal details, such as income details, current address, and more, to instantly check your loan eligibility

3. Get your customised offer

Explore personalized loan offers to match your needs. You may also get an options to enhance your offer

4. Set up E-mandate

Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments

5. Complete KYC

Verify your identity easily and securely with a quick KYC process from the comfort of your home

6. Get loan disbursement

Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds

FAQs & Support

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What documents are required for a Personal Loan in Indore?

Identity proof, address proof and income documents are required.

What is the maximum loan amount I can get in Indore?

You can borrow up to ₹ 30 Lakh under our digital Personal Loan scheme in Indore.

What is the interest rate on Personal Loans in Indore?

Our Personal Loan rates start from 11%* p.a., subject to credit profile and tenure

What are the processing fees for Personal Loans in Indore?

Processing fees up to 3%* of the loan amount + applicable taxes (non-refundable).

Are there prepayment or foreclosure charges on loans in Indore?

Foreclosure charges are 5% of principal outstanding + taxes.

How does my credit score affect my loan eligibility in Indore?

A good credit score improves approval chances and may help you secure better interest rates.

Can self-employed individuals apply for a loan in Indore?

Yes, we provide loans for both salaried and self-employed applicants with tailored documentation requirements

How long does it take to get a Personal Loan in Indore?

L&T Finance provides loan approval in 2 minutes* with quick disbursal of the amount directly into your bank account.

How can I apply for a Personal Loan in Indore through L&T Finance?

Visit our website, click Apply Now, complete the form, upload documents and receive funds in 24–48 hours.

How do I track my Personal Loan application status in Indore?

You can get real-time updates about your loan application on your registered mobile number. You can also check your application status by logging in to our website or PLANET app with your registered mobile number and entering your application number.

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