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
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Fees & Charges
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    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
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    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
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    Good to Know
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    Customer Reviews
    11.99% - 19.50% 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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% 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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) 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
    10.85% - 11.85% 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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    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% 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
    11.99% - 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
    17.25% - 37% 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
    11.49% - 20.15% Fixed
    Up to 2%
    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
    11.5% - 13.25% Fixed
    0 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

    • ICICI Bank Personal Loan
      "Its GOOD"
      0.5 3.0/5 "Satisfactory"
      I have cancelled ICICI personal loan because I was holding my salary account with Standard Chartered bank. Hence I thought to process the loan with existing bank to make process easier. Therefore I didn't avail the personal loan from ICICI but it is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • SBI Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      State bank of India offered the personal loan for the amount of four lakhs. Interest rate was 14%. SBI processed the loan properly and they sanctioned the loan on time without any challenges. I am happy with the bank for the loan I received. They provide good customer service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • SBI Personal Loan
      "Best Service"
      0.5 3.0/5 "Satisfactory"
      The savings interest is average with state bank of India Infact they have decreased it at present. I am holding this SBI savings account for past 7 years. I use net banking with Sbi, which is easy to use and they need to make more customer friendly. I would say it is a good account to use.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Kotak Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      The rate of interest was too low but the documentation charges and the additional charges were really high with Kotak Mahindra personal loan. I got the disbursement within 20 working days from Kotak Mahindra. The service need to be quick and fast in future. The customer service and the executives needs an improvement with Kotak Mahindra bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The follow up with the bank bazaar customer service was really good. The number of bank partners can be increased in bank bazaar web site. The bank bazaar web site is easy to use and user friendly. I would say bank bazaar gave a very good service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The interest rate was very high with ICICI personal loan and the documentation process was not up to the mark, so that was the reason I haven't proceed with the ICICI bank personal loan. The customer service and the response was good with ICICI bank.They can reduce the interest rate in future. It was a good service overall that I had with ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      First time when I applied for credit card, they helped to get me CITI bank credit card. Again, I had applied for a credit card and personal loan through Bank Bazaar, unfortunately it got rejected. It would be great if Bank Bazaar take more initiative after forwarding my application to the bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Kotak Personal Loan
      "They should be transparent in their process"
      0.5 1.0/5 "Really Bad"
      When I put a request for Kotak personal loan through online channel, I found their interest was 16.49%. After submitting all my application through online, Kotak executive called and informed the interest rate was 16.99%. Finally when my loan was under processing, they were saying one by one charges like processing and insurance fee. Finally they rejected the application.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "The best"
      0.5 5.0/5 "Blown Away!"
      My experience with Bankbazaar and it has been really great too. This is my first time at the portal and I am happy that I got my loan through without any hassles. I registered and I started to get calls instantly, after which the bank contacted me too immediately.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank has provided me with good customer services and the process for the personal loan was completed in a week. All the documents were collected at one shot and it was a nice experience. The rate of interest was around 16% and the processing charges were very much normal too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Better Website"
      0.5 4.0/5 "Great!"
      I glad about the Bank Bazaar response, when I approach them for the personal loan they called helped on the loan process. I am happy with the overall service, the site is good. But it would be better, if the site is crisp and simple to fill the information.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Lock period should be avoided"
      0.5 4.0/5 "Great!"
      There was two issues with Standard Chartered, they have a locking period of one year and they taking some charges for the preclosure. I am not fine with that process. Hence I refused to process my personal loan with them but their response is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Customer friendly service"
      0.5 4.0/5 "Great!"
      The process was done in a processed way with Axis personal loan. There were regular follow up made by their executives and they understood the customer requirements. Good options were presented to the customers in regards to the personal loan. Within a week's time the loan has been disbursed by axis bank. The rate of interest is low , when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good service can improve with the bank partners"
      0.5 4.0/5 "Great!"
      The customer service with bank bazaar is really good and the way the follow up is really helpful to the customers. Bank bazaar can still give better options to the customer, need to focus on the partner bank options, in-fact they can increase the bank partner options. The bank bazaar web site is easy to use and customer friendly. I would like say I had got a good service from bank bazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      When compared with Standard Charted Bank, I got a better offer with other bank with the better terms and conditions, so that was the reason I haven't proceed with SCB personal loan. The customer service with Standard Charted bank is average, when compared with others. The SCB need to work on the terms like pre-payment and the loan conditions in futures. I would say, it was average service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      I know bankbazaar for the past one year. I came to know about it through promotional mails. I had applied for the personal loan through bank bazaar mobile application, which is easy to use and user friendly. I would like to say bank bazaar gives very good service to its customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      I never got any reason for the closing my personal loan application from ICICI bank, so that was the reason I haven't proceed with ICICI bank personal loan. They didn't gave proper response to my personal loan application. The rate of interest is nominal with ICICI bank, when compared with others. The service provided by ICICI is very much average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have a personal loan with the Axis bank and the interest rate is around 13.5%, also the loan amount got disbursed within a month of time. Response was good one with the Axis bank and the processing charges are also a good one with the Axis bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good"
      0.5 4.0/5 "Great!"
      From the last two to three months of time, I am using Bankbazaar.com ,also am really happy with them. Services and other things are really fine. I really like the user interface of the website, also I would say it is a paperless approach, which is really a good one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Best"
      0.5 3.0/5 "Satisfactory"
      Interest rate with the ICICI bank was around 12.9% for the personal loan, which is good. Customer service was also a good one and the loan amount got disbursed to my account within a week of time. Response and other things are really good when it comes to ICICI.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
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    Bangalore Personal Loan is Rated as "Great!" by 17430 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 23 Jun 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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