Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 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 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 available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    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 available
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
    Documents
    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 available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    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

    • Kotak Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have already taken the personal loan with the Kotak Mahidnra and the interest rate was very huge like it was around 17%. I would like to say that the customer service is also a kind of okay for me and the response is good one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Standard Chartered Bank Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the Standard chartered bank and the interest rate is around 11.99% and the loan amount got disbursed within three days of time. Customer service is very good and their response too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Awesome"
      0.5 5.0/5 "Blown Away!"
      Online portal of the Bankbazaar.com is easy to access and I am a very old customer of Bankbazaar.com. I would like to say that the response is always good one with the Bankbazaar.com.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Citibank Personal Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      My experience is very good with the CITI bank for the personal loan. The loan amount got disbrsed within five to six days of time. I would like to say that the customer service is okay one for me with the CITI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Nice website"
      0.5 3.0/5 "Satisfactory"
      The service provided by bankbazaar is excellent . In bankbazaar there is many options to compare among other banks. We can choose the best offer with the best interest.The executives are very good and supportive. The website was really helpful and easy to navigate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Best financial service provider"
      0.5 4.0/5 "Great!"
      Through ICICI BANK i have requested for a personal loan.When the executive called me regarding the verification i told him i am not staying in the location which i have provided with. So he told me If there is any change in the given address then they cant provide the loan and close the deal though I have not taken the loan I am still happy with the service as I hold an account with the same bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • HDFC Bank Personal Loan
      "Friendly service"
      0.5 5.0/5 "Blown Away!"
      From HDFC BANK i have taken a personal loan for 1 lakh 40 thousand. The monthly EMI is 47851 for 36 months. It just taken a week to approve my loan amount The processing fee that they charge me was 4000.They gave me good service and response. I can recommend this bank for personal loan to anyone.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.5/5 "Excellent!"
      I got a mail to my inbox from Bankbazaar. Then i visited the website and i found it very interesting. The customer service and response given from their end was really appreciable. They gave regular follow ups and calls and even inquired whether i got the approval or not.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • ICICI Bank Personal Loan
      "Criteria should be compromised"
      0.5 3.0/5 "Satisfactory"
      With ICICI BANK i have requested for a personal loan application. I receive my salary only through my salary account but my company would not provide any salary slip. ICICI bank executive informed me only if i can able to produce the salary slip they can proceed the loan application.,
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Nice service but needs some improvement"
      0.5 3.5/5 "Pretty good"
      Service is good, but needs to focus on customer service contact as someone has to wait for more than 10 minutes to contact customer care. So my suggestions are to improve your customer care service with no delay than 2 mins and if possible please do provide chat service for quick response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The experience at Bankbazaar is good and they handled my process on time. There were regular calls which helped in getting the status updates. The portal is also satisfactory and the process to register and navigate was easy and simple. Satisfactory overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Capital First Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      Capital first was very good in the customer services. I got the personal loan on time and the process for it was perfect. There were no hassles in the documentation. The interest rate and processing charges was high. It was around 16%. They are still recommendable for the process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • HSBC Bank Personal Loan
      "HSBC personal loan"
      0.5 3.0/5 "Satisfactory"
      No flaws when it comes to HSBC Personal loan services. I would suggest the same to others. Processing fee charged is very low also interest rate is very low. This loan was closed a way back, I had received the NOC too. They are very good in treating their customer no hidden charges levied.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bajaj Finserv Personal Loan
      "Personal loan process"
      0.5 4.0/5 "Great!"
      My personal loan was taken from Bajaj Finserve. Interest rate offered by them is way too high however EMI is very much affordable. Bajaj Finserve is charging lot of miscelleneous charges like cheque bounces and other charges which is very high. Ofcourse I had got the NOC from them on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "PERSONAL LOAN "
      0.5 5.0/5 "Blown Away!"
      I have been checked and compare through the bankbazzar website for personal loan. I have been found better options and comparisons. Then I finalize the bank myself and applied through online. Bankbazzar is responding within 2 hours and same time they are submitting the application to bank with immediate effect.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Good service. Quick response"
      0.5 5.0/5 "Blown Away!"
      Good service. Quick response user friendly and can get easy and faster information. Very useful to know and learn many things. Also, the app is the best app , it is very easy to get connected with banks. A bridge between Customers and banks. A perfect app for my use.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      This is my first experience with Bank bazaar. They are excellent in their customer service and responsiveness.Their website is amazing and I have used the EMI calculator and credit score which was very useful. There are no remarks for Bank bazaar as per my experience . I would like to recommend it to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan.Their rate of interest was 15-16% which is high when comparing to other banks in the market and they wont decrease the interest rate so I have cancelled the request. Their customer service and responses was up to the mark . My overall experience was not bad.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Good finanical website"
      0.5 4.0/5 "Great!"
      Bank Bazaar is responsiveness site, as soon as I post my personal loan request, I got good reply from them. I got to know Bank Bazaar through online. It has all the banking information to check all the updates, overall its a good financial website.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 21, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      The reason why I didn't go head with Standard Chartered for the personal loan because their repay option is not good and also their interest was not competitive as per the market. Hence I have taken personal loan from AXIS, they have good repayment option.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 21, 2017
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    Bangalore Personal Loan is Rated as "Great!" by 18482 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bangalore Personal Loan

    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 23 Sep 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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