Personal Loan in Bangalore

Salaried Self-Employed

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

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Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

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Minimum Turnover Should Be Rs. 3 Lakhs!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

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Minimum Turnover Should Be Rs. 3Lakhs!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

4.5 /5(500 Votes)

Personal Loan in Bangalore

Overview of Personal Loan in Bangalore

Personal Loan in Bangalore is an unsecured loan which do not need any collateral or security to secure the loan. Unsecured Personal Loan in Bangalore offers financial support to fulfill any financial needs. You can use Personal Loan in Bangalore to meet different types of requirements starting from immediate medical emergencies to funding your child’s education, purchasing any electronic gadget to family vacation, house renovation to balance transfer, wedding purpose to debt consolidation, etc. Personal Loan in Bangalore online offers a loan amount ranging from Rs. 25,000 to Rs. 25 lakhs for a period up to 5 years with a easy EMI repayment option. For a low-interest rate Personal Loan in Bangalore, you need to maintain a good credit score by practicing a good credit history. Though low cibil score applicants get difficulty in availing a personal loan. But Personal Loan for low cibil score in Bangalore is offered at a higher interest rate to simplify the loan process.

Why you should opt for Personal Loan in Bangalore?

Bangalore or Bengaluru, the capital state of Karnataka is commonly known as ‘IT Hub’, ‘The Silicon Valley’. The city is a tech hub of India with a huge number of MNCs with a large population mostly migrated especially from the working professional class who aims to build their IT career. The lifestyle in Bangalore is quite high and it is one of the faster growing Indian metropolitan city. With this development, the financial needs of the people have also gone up. So, they can opt for Personal Loan in Bangaluru online at a highly competitive interest rate. You can avail Personal Loan in Bangalore with minimum documentation. Both salaried, as well as self-employed individuals, can go for Personal Loan in Bangalore as Personal Loan in Bangalore for salaried and Personal Loan in Bangalore for self-employed individuals. Personal Loan in Bangaluru is offered by many leading banks and NBFCs at a lower interest rate. In addition to that, money lenders loans in Bangalore, private finance loans in Bangalore, cash loan in Bangalore, immediate cash loan in Bangalore, instant loan in Bangalore, Personal Loans in Bangalore are different kinds of loans in Bangalore.

Here are some important points as to why you should opt Personal Loan in Bangalore-

  • With no mortgage or collateral, Unsecured Personal Loan in Bangalore offers a hassle-free loan experience.
  • Personal Loan in Bangaluru offers a highly attractive interest rate with lower processing fees and no hidden charges.
  • Personal Loan in Bengaluru online offers easy loan access sitting in your home or office with flexible EMI option.
  • The flexible repayment tenure of Personal Loans in Bangalore ranges from 1 year to 5 years.
  • Personal Loan in Bangalore online approves loan up to Rs. 25 lakhs (varies for different lending institutions).
  • For easy loan availability, you can opt for Personal Loan in Bangalore private finance, private loans in Bangalore.
  • You can use Personal Loans in Bangaluru to meet any of your financial needs. Personal Loan in Bangalore is not at all-purpose specific.
  • Personal Loan for low cibil score in Bangalore is available for those who are not regular in paying their debts and thus don’t possess a good credit history.
  • To meet your emergency financial needs, you can easily opt for instant loan in Bangalore, cash loan in Bangalore or immediate cash loan in Bangalore.
  • Personal Loan in Bangalore for salaried and Personal Loan in Bangalore for self-employed individuals are offered to help you cope up with your financial needs.

Eligibility Criteria for Personal Loan in Bangalore

To avail Personal Loans in Bangalore, you need to satisfy very minimum eligibility criteria. You need to maintain a good credit score by paying all your debts in time and must take care of the loan applying age for Personal Loan in Bangaluru. The younger you apply for Personal Loan in Bangalore online, the lower interest rate will be charged as you will have a high repaying capacity.

Though eligibility criteria for Personal Loan in Bangalore differ for different financial institutions, but here is a common eligibility criteria for Personal Loan in Bangaluru-

Personal Loan in Bangalore Eligibility Criteria

Salaried

Self-Employed

Age

21-60 years

25-65 years

Income

Min- Rs. 20,000 or Rs. 25,000

Min Turnover- Rs. 1 crore

Profession

Working in MNCs, private sector or government organization

Business Professionals, private or public ltd. companies, partnership firms etc.

Work Experience

Minimum 2 years of experience with at least 1 year in the present company

Business Continuity for a minimum of 3 to 5 years

CIBIL score

750 or above

750 or above

Loan Amount

Up to Rs. 25 lakhs (different for various financial institutions)

Up to Rs. 30 lakhs (varies according to the financial institution)

Documents required for Personal Loan in Bangalore

Following are the common set of documents which you need to submit while applying for Personal Loan in Bangaluru-

  • Duly filled application form.
  • Passport size photograph.
  • ID proof- PAN card, AADHAR card, Driving License.
  • Residential proof- Any latest utility bill like Electricity bill, Gas bill. Passport.
  • For Salaried Individuals

    • Bank Statement of the last 6 months.
    • Copy of Form 16 and Receipt of Income Tax.
    • Salary slip of last 3 months.
  • For Self-employed

    • ITR copy of the past three years.
    • Verified copy of Partnership Deed/Memorandum and Articles of Association/ Trade License/Sales Tax Certificate
    • Copy of Profit & Loss statement, Balance Sheet of last 2 years

Interest Rates for Personal Loan in Bangalore of different Financial Institutions

Following are some of the financial institutions which offer Unsecured Personal Loan in Bangalore online at an attractive interest rate-

Banks

Loan Tenure

Interest Rates

Pre-Closure Charges

Processing Fees

HDFC Bank Personal Loan in Bangalore

1-5 years

10.99%*-21.25%*

Between 2% to 4% of the outstanding principal.

Up to 2.50%

ICICI Bank Personal Loan in Bangalore

1-5 years

11.49%*

5% of outstanding principal + GST

0.99% to 2.25%

YES Bank Personal Loan in Bangalore

1-5 years

12.49%*

Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months :No charges.

2% or 3% of the principal

Bajaj Finserv Personal Loan in Bangalore

1-5 years

14.25%*

NIL

Up to 3%

Kotak Mahindra Bank Personal Loan in Bangalore

1-5 years

11.50%*

5% of outstanding principal.

Up to 2.5%

Axis Bank Personal Loan in Bangalore

1-5 years

15.50%*

NIL

Up to 2.00%

IndusInd Bank Personal Loan in Bangalore

1-5 years

14%*

4% of outstanding principal

Up to 2.50%

Capital first Personal Loan in Bangalore

1-5 years

16%*

4% of outstanding

Up to 2.49% of the loan amount

Aditya Birla Capital Personal Loan in Bangalore

1-5 years

11.75%*

4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.

1% of principal.

IDFC First Personal Loan in Bangalore

1-5 years

10.99%*

4% of outstanding

2% – 4%

Indiabulls Venture Capital Personal Loan in Bangalore

1-5 years

11.99%*

5% if less than 6 months.

Up to 5%

SBI Personal Loan in Bangalore

1-5 years

12.50%*-16.60%*

3% of the prepaid amount (after 1st EMI)

Up to 3% of the loan amount

Fullerton India Personal Loan in Bangalore

1-5 years

17.25%*

4% of outstanding principal.

Up to 2%

TATA Capital Personal Loan in Bangalore

1-6 years

13.99%*

4.5% of the outstanding principal. And NIL for the initial 6 months

Up to 2%

ECL Finance Personal Loan in Bangalore

1-5 years

17.50%*

4% of principal amount outstanding+GST

Up to 2% of the loan amount

*Interest rates change time to time.

FAQ’s

The factors which affect the interest rate on Personal Loan in Bangalore are- the credit score, your applying age, your net take-home salary or business turnover, financial debts (if any) and also your repaying capacity.
The minimum credit score required to apply for a lower interest rate Personal Loan in Bangalore is 750 or above.
The flexible loan tenure for Personal Loan in Bangalore ranges from 1 to 5 years.
If you have any ongoing financial debts, then your repaying capacity decreases. Moreover, if the paying for financial debts consumes 40% of your monthly income, then your cibil score will decrease and would increase the rate of interest for Personal Loan in Bangaluru online.
You can repay Personal Loan in Bangalore through the EMI method by initiating the ECS mandate.
*Interest rate and Loan approval are subjected to band discretion and approval.


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