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    We found 32 Bangalore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher Ad
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    Customer Reviews
    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Eligibility Criteria
    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Fees & Charges
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher
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    Perks
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    Customer Reviews
    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
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    11.00% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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  • Bangalore Personal Loan is Rated as "Great!" by 20621 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bangalore Personal Loan

    Bengaluru also called Bangalore, is a bustling city, which is the capital of Karnataka state. The state is located in the southern part of India. This city is famous as a leading information technology (IT) hub with several multinational corporations (MNCs), parks, lakes, and pubs. Bengaluru has a population of around 10 million, which makes the place a megacity.

    If you are looking for financial assistance to meet your different requirements, you could take a personal loan. There are many lenders across the city of Bengaluru that provide affordable personal loans for any purpose. You do not have to furnish any collateral or security while applying for a personal loan. You can apply online or offline for these loans.

    If you intend to apply online, you can check out official websites of lenders or third-party financial websites. Before you take a personal loan online, make sure you compare different interest rates online. This will assist you in getting a good loan deal.


    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 25 May 2018

    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?

    When you plan to get a personal loan in Bengaluru or any other city, you can follow a few important guidelines in order to get a good rate of interest. You will also be required to do proper research before you apply for a loan. Some of the important factors that should be kept in mind for getting a low interest rate include:

    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 other debts 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 worked 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 shorter tenure will result in you having a much less interest rate - though the EMIs will be considerably low. The interest rate increases with the length of the payback period.

    Personal Loan Interest Rates in Bangalore 2018

    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

    Bangalore Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Good. Can do better in the ROI"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC bank and the process was smooth and easy to get the loan through. The documentation was minimal and I got the loan with ease. The rate of interest and processing charges are on the higher side when compared to the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • HDFC Bank Personal Loan
      "Unhappy with the services"
      0.5 2.5/5 "Just OK"
      I have taken a personal loan from HDFC Bank earlier. It was not a satisfactory experience, a lot of documents was required and the process was not smooth. The rate of interest and processing charges is also on the higher side when compared to the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • Bank Bazaar Personal Loan
      "Experience is good"
      0.5 4.5/5 "Excellent!"
      It was a good experience with Bankbazaar.com, I preferred the comparison options as I was able to compare the different bank rates and I could find the best. This is my first experience. The team was on time to contact me and it is a immediate response. No hassles overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • IDFC Bank Personal Loan
      "Overall good. Charges can be lesser"
      0.5 4.0/5 "Great!"
      It was a good experience with IDFC Bank. I had applied for a personal loan. I got the loan within a week. The processing charges was high, it was around 7K to 8K. The rate of interest is around 12%. The documentation was smooth and it was collected on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • Bank Bazaar Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      There were no issues with Bankbazaar.com and they were prompt in their response. They informed me the details and they also followed up in the process. The website is good and very much informative. It is user friendly and I was comfortable to use it.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • ICICI Bank Personal Loan
      "Satisfied with the services"
      0.5 4.5/5 "Excellent!"
      It was a good experience with ICICI Bank for the personal loan. It has been one month now. Since the auto debit option was not active, I had to make the EMI payment. The process of document collection was done on time and the disbursed amount was as needed. The rate of interest is around 11% and the processing fee was waived off.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • HDB Financial Services Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken a personal loan earlier with HDB financial services. The customer services and response is good and there are no hassles in the process. The rate of interest is around 13% and the processing charges is normal too. The after loan services are good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2018
    • HDFC Bank Personal Loan
      "EXCELENT"
      0.5 5.0/5 "Blown Away!"
      The over all experience is very good. When it comes to the interest rate it is high the interest rate is 15.05%. MY INSURANCE is for 3 years, and i have to pay it for 3 years i would be paying for my loan through on line I am satisfied with the limit that they are provided in my loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2018
    • Bank Bazaar Personal Loan
      "Easy process to get the loan."
      0.5 4.0/5 "Great!"
      This is my first experience with Bankbazaar.com and the good thing is that I do not have to go anywhere, as I am a working guy. I did not expect the process to be this fast and convenient. I could upload my documents online and the bank also contacted me on time. I did not have to waste any time. It would be better if the initial response was more sooner and prompt.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • ICICI Bank Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      The process was good with ICICI Bank for the personal loan and they collected the documents on time and it was taken at my place. The rate of interest is around 10.99% which is okay for me and the processing fees is also nominal. The loan disbursed was as needed with the tenure for five years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Bank Bazaar Personal Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      Overall a good experience with Bankbazaar.com as they have contacted me on time and processed the same quickly to the necessary banks. The website is also good. It would be better if the details of the customer are mentioned without any error on the application.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • HDFC Bank Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      I am happy with the services of HDFC Bank. They have completed the process on time and the loan was also provided the loan as per my requirement. The rate of interest was around 10.99% and the processing charges was normal. In all a good experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Bank Bazaar Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      The experience at Bankbazaar.com is good overall and there are no hassles in this experience. The customer support is also good as they were on time to contact me and inform me the details. They also followed up in the process and the website is user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Citibank Personal Loan
      "Good and satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was a good at Citibank for the personal loan. The process is good and the documents was collected on time. The bank disbursed the loan as per my requirement. I am currently not sure on the interest rate and processing charges. So I would not rate them on the same.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Axis Bank Personal Loan
      "Huge interest rate"
      0.5 3.0/5 "Satisfactory"
      I took a personal loan from the Axis Bank for 2 lacs 5 years back. The application process and the documentation was smooth and hassle free. But I was disappointed with massive interest rate of 20% . Overall they need to lower their interest rates for personal loans.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • ICICI Bank Personal Loan
      "High Processing Fee"
      0.5 3.5/5 "Pretty good"
      I have taken a person loan from ICICI. I have taken a loan 7 months ago. Since i have a salary account with ICICI, they did not ask for much documents. It took 10 days to get a loan from ICICI Bank. They offering a interest rate of 16.42%. Total tenure of the loan is 2 years. I'm paying the EMI of Rs. 5300. I have taken loan amount of Rs. 1.5 Lakhs. Processing fee is high when compared to other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan three times and the loan amount which I have got was 2laks, the HDFC bank executives will come and collect the documents on time and they will process the loan within 2 to 3 days of time. The rate of interest and the charges are bit high with the HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • Bank Bazaar Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I came to know about it bank bazaar through google web search. I know about it for more than 3 months. When I have applied for the personal loan from bank bazaar , I they took time to give me a response. The customer support service and the response need to be quick and fast from the bank bazaar team.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • Tata capital Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I find difficulty to get the personal loan from the Tata capital. The customer support service and the response need to be quick and fast from them, their promises haven't fulfilled. They need to focus in their response part. The rate of interest and the charges were average with tata capital.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 21, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with INDUSIND BANK. They have rejected the application. They have collected all the documents. The customer service and responses was very good. I was looking for 3 lakhs and the interest rate .My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
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