Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Bangalore Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Bangalore Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Laon process should be faster"
      0.5 4.0/5 "Great!"
      I took loan from HDFC, but there I had some tough time, they didn't disburse the amount on the committed time, I have done several follow up with them, but after my loan amount got disbursed. post process of loan was good, they gave loan letter and I have part and preclosure option.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor"
      0.5 5.0/5 "Blown Away!"
      All my loans are taken care by Bank Bazaar, best thing I could get the personalized quotes from different banks. Its site is user friendly, I got couple of calls from Bank Bazaar person they are very friendly in serving and they sort out my queries too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      Only the disbursement amount got late, remaining everything is fine. After getting the welcome letter, CITI bank has taken some time to release the amount. My principal amount is quite good and they taken some processing fee and interest rate. Intimation prompt was good with CITI Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Transparent should be more and customer servic working on it"
      0.5 2.0/5 "Expected more"
      Initially HDFC executive have committed lower rate of interest, once the loan was in process, their customer care executive called me again and committed high rate of interest, after that I denied to process with them because that offer was not suitable to me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "Userfriendly website"
      0.5 5.0/5 "Blown Away!"
      As soon as posted my requirement on the site Bank Bazaar, I got immediately call on loan and they arranged the appointment to collect the documents, their executive are very genuine. According to the customer request they showed multiple offers it gives better choice too, I don't want to call each banks or I don't want to go each bank in that way, I like Bank Bazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      Every thing is perfect in CITI Bank, because I am existing of the bank for past three years. I have applied for top up through online channel, then I have withdraw it because I don't have any requirements and my old was live with the same bank. Other than that I don't have any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      The response was good from Bankbazaar as they were very fast to contact me after I registered my details online. The website is also excellent, it is very easy to navigate through. The followup calls they provided was on time and helpful. Satisfied overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Tata capital Personal Loan
      "Good overall. ROI can be reduced"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Tata Capital and though the process took one and half week. I was okay with it, as I felt the team was fast enough. It was pretty convenient. The interest rate was around 11.99% and it was a bit high. The processing charges was also high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "Good financial website"
      0.5 4.5/5 "Excellent!"
      Its my first experience with Bank Bazaar, I am very happy with that, But I faced some hassle with bank, whenever I have issue with Standard Chartered bank on ECS queries, Bank Bazaar is the one, they gave me proper status, they were tracking the status. I am very fine with Bank Bazaar, the site is good to navigate, in future also if I need any financial products, surely I will prefer Bank Bazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Dissatisfactory with Standard Chartered"
      0.5 1.0/5 "Really Bad"
      Standard Chartered bank least bother about customer, before the loan disbursement I have submitted all my documents for the ECS process, but they didn't work on it. My first EMI date on 10th of august, I called on 9th to them to confirm about ECS clearance they were telling me I have not submitted any papers for ECS payment. But I have proof of postal delivery documents, then I escalated it, finally I got a confirmation from next month onwards it gets debited automatically from my account. But I don't have interest to continue further with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Kotak Personal Loan
      "Dissatisfactory"
      0.5 2.5/5 "Just OK"
      I took personal loan earlier from Kotak Mahindra, it was very inconvenient process, before I got my loan disbursement, they took first month of EMI from my account. Their customer care executive are not very prompt and supportive but I got nominal interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "User friendly and helpful site"
      0.5 4.5/5 "Excellent!"
      The follow which gave Bank Bazaar behalf of me its great and they kept about the application status, they coordinated well between me and the bank. In fact Bank Bazaar is very helpful, I am using latest version of Bank Bazaar mobile app its pretty handy to use. Everything fine I would like to suggest them to reduce the call volume.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Hassle free process"
      0.5 5.0/5 "Blown Away!"
      CITI Bank helped me a lot, initially I contacted the bank directly to avail personal loan but they rejected it. Again I approached the bank through online channel then CITI bank have approved the loan. Processing fee was low but interest was bit high, but I am very happy with service and loan disbursement.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 3.0/5 "Satisfactory"
      Bank bazaar has helped me in applying for personal loan application and helped to process my application , they have also helped me to get in touch with the partner bank as well . The website of bank bazaar is easy to use and user friendly, I would say it is good to choose the product via bank bazaar website . I am happy with bank bazaar service,
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      Standard Charted Bank executives told that my credit score is low,so that was the reason they have closed my application but I am sure that my credit score above 800 . The transparency need to be improve with SCB. The rate of interest is nominal which was about to offer by Standard Charted Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "Good platfrom"
      0.5 5.0/5 "Blown Away!"
      Indeed, Bankbazaar is a very good platform, also it is a easy to understand the information it is informative as we get everything under one proof. I guess I got the best proposal through this site. I did not look out else where. I had received a call once after the amount was disbursed asking for the confirmation whether the loan is disbursed or not.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Pretty simple and hassle free process"
      0.5 4.0/5 "Great!"
      Response is pretty quick also their executives came to my place to collect the documents. I got around 2 calls also I got the confirmation stating that the amount was disbursed. I am yet to receive the confirmation on the EMI date. However I had received the welcome kit from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "User friendly and easy to navigate"
      0.5 4.5/5 "Excellent!"
      The site which has all the financial products is called Bank Bazaar, I am able to compare all the offers of the bank, its very easy to me to choose the best product from the best bank. In term of response they are doing good because they gave prompt service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Tata capital Personal Loan
      "Customer's friendly service"
      0.5 4.5/5 "Excellent!"
      It was a pretty happy service with TATA CAPITAL on personal loan, they are very responsive and very cooperative on loan disbursement. TATA Capital sanctioned the loan amount within ten days. They me 12.75% of interest with zero processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "No Suggestions"
      0.5 4.0/5 "Great!"
      Really I do not have any suggestions for bankbazaar and whatever the service they are providing it is good and recommendable one. It was a proper response and prompt service from bankbazaar when I approached them for my loan requirement. Online services are good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
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    Bangalore Personal Loan is Rated as "Great!" by 17924 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bangalore also known as Bengaluru, is the capital of the Indian state of Karnataka. It is India's third-largest city.In recent years, Bangalore propelled to be the forefront of the high-tech industry boom in India, and it currently ranks as India's most developed city and one of the world's fastest growing urban areas.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You're probably eligible for an Bangalore Personal Loan if you are

    01
    02
    03
    04

    At least 21 years old

    Less than 65 years old

    Salaried / Self “ Employed
    with regular income

    Earn more than the minimum
    income required


    Your Bangalore Personal Loan amount eligibility is based on these factors

    01
    02
    03

    Minimum income required
    Rs.17,500 per month

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    EMIs of other loans lower
    your eligibility


    Increase your eligible Bangalore Personal Loan amount by these steps

    01
    02

    Pay off your credit card bills

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Bangalore Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary “ slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Bangalore Personal Loan Interest RatesUpdated on 17 Aug 2017

    Bangalore Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loan in Bangalore

    For those looking for an extra boost, financially speaking, either to renovate their house, pay for emergency medical bills, buy a gadget that you desire or fund a holiday, there is the option of a personal loan. Top banks and NBFCs across the country offer personal loans that are unsecured - meaning that there is no requirement for collateral. Customers wishing to avail personal loans can start by visiting the financial portal - BankBazaar. On the BankBazaar website, customers can compare the interest rates offered by its partner banks and decide on a loan from a particular bank that suits their financial situation.

    Personal Loan offered by various banks in Bangalore

    Some of the leading banks and NBFCs offering personal loans at the best interest rates are listed below:

    • Standard Chartered Bank
    • Tata Capital
    • Aditya Birla
    • ICICI Bank
    • HDFC Bank
    • Axis Bank
    • CitiBank
    • Kotak Mahindra Bank
    • Oriental Bank
    • Bajaj Finserv
    • Fullerton

    How do I get a Personal Loan with the lowest interest rate in Bangalore?

    A lot of customers fail to do their research when availing a loan and leave it to their banks to make the decisions and bring forward the estimations. The problem with this approach is getting the best interest rate for the loan becomes almost far-fetched. Looking into all aspects of a personal loan before availing it is absolutely necessary. If you wish to avail a loan at the lowest interest, here are a few key areas you will have to look into:

    Credit score - Making sure that your credit score it above par will result in you availing a loan at a fairly good interest rate. The better your CIBIL score the lower the interest rate added to the loan and vice versa.

    Down payment - Making a down payment upward of 20% of the loan amount will result in you availing a loan at a better interest rate. The bigger the down payment, the better the interest rate.

    Debt-to-income ratio - Always ensure that your EMIs, credit bills and so do not cross 40% of your annual or monthly income. Having a good debt-to-income ratio will boost your chances of availing a loan with a good interest rate.

    Loan shop - Financial portals such as BankBazaar is of great help when loan shopping. On the BankBazaar website, individuals can compare loan interest rates offered by its partner banks and can narrow down on a loan with the best interest rate relative to the tenure - one that suits their budget.

    Your employment and experience - This is one factor banks and NBFCs take into consideration when approving or rejecting a loan application. If you’ve had a stable income and work for a reputed company, it’s likely that you could very well negotiate on a decent interest rate.

    Make sure that you negotiate - Negotiating the interest rate on your loan is absolutely necessary. Most people just go ahead with the numbers set by banks and NBFCs, but making a negotiation will help you in the long run.

    Tenure - Choosing your tenure directly reflects on the interest rate added to the loan amount. Choosing a shorted tenure will result in you having a much less interest rate - though the EMIs will considerably low. The interest rate increases with the length of the payback period.

    Personal Loan Interest Rates in Bangalore 2017

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 Lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35%Fixed Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Bangalore

    Every bank and NBFC have a certain salary requirement which customers have to meet to get a loan approval. Apart from looking at factors such as interest rate, processing fees, prepayment and so, make sure your cross check with the bank’s minimum salary requirement as well. As already mentioned, the salary requirement varies from bank to bank.

    For salaried individuals - Depending on which bank you are availing the loan from, generally the minimum salary requirement ranges between Rs.7,500 and Rs.50,000.

    Self Employed individuals - Self-employed individuals should provide proof of income of the last two financial years. Generally, the income requirement to avail a loan is between Rs.1 lakh and Rs.2 lakh (profit).

    Bangalore Personal Loan FAQs

    1. Does my CIBIL score affect the interest rate on my loan?

    Yes, your CIBIL score directly reflects on the interest rate the bank or NBFC offers you on your personal loan. The higher your credit score, the lower will be the interest rate and vice versa.

    2. Can I transfer my loan amount to another lender? What’s the process?

    A balance transfer is possible. In this case, the present lender will clear the dues and transfer the amount to a new loan with the interest as well.

    3. Is a complete foreclosure of a loan possible?

    Some banks allow it whereas other banks only allow a partial foreclosure of loans. In most cases, banks charge between 1% to 2% of the outstanding amount as foreclosure charges.

    4. What happens when all the loan dues have been cleared?

    Once the loan amount has been cleared completely, the bank will issue a No Due Certificate.

    5. Does failing to pay my EMIs affect my CIBIL score?

    Yes, failing to repay your loan on time directly reflects on your credit score.


    Check For Latest: Gold Rate in Bangalore Or Silver Rate in Bangalore
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