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% - 17.99%
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    1-5 Years
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 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.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    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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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Bangalore Personal Loan is Rated as "Great!" by 21487 Users

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    Promised Interest Rate

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    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 16 Nov 2018

    Bangalore Personal Loan Details
    Interest Rate 10.99% to 24% p.a.
    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 10.99% to 24% p.a. Up to 2.5% of the loan amount along with GST or service tax Rs.50,000 to Rs.15 lakh 1 to 5 Years
    Fullerton India 11.99% to 23.99 p.a. Information not provided. Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals 1 to 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 Information not provided 1.06% of loan amount Information not provided. 1 to 5 Years
    Yes Bank 14% p.a. Up to 2% (One-time fee) Rs.2 lakh to Rs.20 lakh 1 to 5 Years
    Corporation Bank 12.75% to 13.75% p.a. Up to 1.5% Minimum amount of Rs.500 Up to Rs.3.50 lakh Up to 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

    • Bank Bazaar Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I just started using the bankbazaar.com for the first time and I have applied for the personal loan. I came to know about the website through Google search. The website is easy and user friendly. They provide an option to check the credit score which was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Early Salary Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The rate of interest and the charges are okay. I have taken Rs.6000 and they charged additionally 300 rupees as processing fee. The documents are submitted online. In case of emergency, it is very easy to take the money. The payment mode is net banking.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Good website to use"
      0.5 5.0/5 "Blown Away!"
      When i had a issue in the interest rate, the problem got resolved within half day from the customer care. In online, i can able to view a multiple options and i can able to choose the best among them according to my requirements. In online, i have come to know about this website. Last 1 year, i come to know about this website.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Tata capital Personal Loan
      "For a personal loan, TATA CAPITAL providing good interest ra"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with TATA CAPITAL and loan amount its almost delayed for 20 days. While i was applying the loan i have selected 11.25% and on the loan processing time, they have said like the interest rate 13% and i complained about the same and it got resolved within half day.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      It is my first time experience with the Bank bazaar where the service is very good also i am using it through the website it is easy to apply for the loans also added on that it is a hassle free process to use. The customer support is good but the followups should be increased.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      The reason for taking the personal loan with the HDFC BANK is i am a existing customer of HDFC BANK. The loan amount is sufficient also the rate of interest is higher than the others. The process is simple to get the loan but it got delayed little.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Excellent in Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar gives you a comfort service. I applied for a Personal loan through Bank bazaar and it got through on time. The customer care executives were helpful and knowledgeable on call. I will look for more deals in future through Bank Bazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      There was an Loan application which i have forwarded to HDFC bank as i was looking for a personal loan. The process didn't took much time and it happened on time, There was a proper follow up and i have got the amount on time. Interest rates seems to be fine as now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Incred Personal Loan
      "BETTER SERVICE"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for taking the personal loan with the InCred but the process is easy to get the loan also the documentation process is easy it took 20 days to get the loan. The rate of interest is 28% which is very higher than others. There is a processing fee of 5k applicable. The duration is for 2 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied for personal loan with HDFC bank,the rate of interest they have charge me was nominal, processing fee they have charged me up to 2000-3000 it was nominal and the loan amount they have given me for 2,50,000 for 2 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using bank bazaar service from past 2 years, they have applied for personal loan from bank bazaar recently, there service is good but one suggestion i would like to give is that there is delay in updating the application and i came to know about bank bazaar service through on line.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied for personal loan with HDFC bank, they have charge rate of interest up to 11.25% it is 1% higher than compare to other bank and they have charge me processing fee up to 2500 + 5000 as insurance and they said insurance is mandatory to take if i take loan and there was delay in getting my loan amount like after getting approval it took 3-4 days to disbursed my loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with AXIS bank and the experience was good, the process was smooth and i received my loan amount on time. I am happy with the customer support and their response was fine. Rate of interest was nominal and there are no preclosure charges for this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i came to know about bank bazaar service through my friend as he had referred me about this service,have been using website for applying my personal loan and after that i had downloaded mobile application for tracking my details.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2018
    • Early Salary Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Early salary recently,the loan amount was sufficient for me, they have give me loan amount by calculating my salary, the rate of interest was nominal they have charged like if i clear today then my rate of interest will be less tomorrow, they have not charged processing fee.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Good and faster experience"
      0.5 5.0/5 "Blown Away!"
      Best about the bankbazaar providing the services on time to the customer. Customer care service of bankbazaar is really fine. From last 3 months i'm utilizing the services and i have come to know about this website through Internet. The waiting time has to be improved in the customer care services.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i came to know about bank bazaar service through on line, and there service is accurate and clear and there customer service where prompt they explained me about the loan which i have applied recently, i have been using website it is easy to access.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Early salary recently,the loan amount they have given me was sufficient they have given up to 12,000, and the rate of interest they have showed 850 but while time of payment they have cut 12,400 and 350 rupees balance left,so it was kind of confusion i have got, apart from that i did not face any issue in delay in loan or in documentation.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Early salary recently,the loan amount they have given me was sufficient they have given up to 12,000, and the rate of interest they have showed 850 but while time of payment they have cut 12,400 and 350 rupees balance left,so it was kind of confusion i have got, apart from that i did not face any issue in delay in loan or in documentation.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Awesome Experience"
      0.5 5.0/5 "Blown Away!"
      Since i'm holding the salary account with ICICI, i have selected this company this for personal loan. They have taken 2.5% as a processing fee and they have provided the interest rate of 14.5%. I have received the loan on time. The documentation process was good. There is no charges for the pre-closure and there are some charges for partial payment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2018
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