Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Bangalore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    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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    14.99% - 14.99% 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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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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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
    100% PAPERLESS APPROVAL
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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
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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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    Good to Know
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    Customer Reviews
    11.49% - 18.25% 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
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L 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% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Customer Reviews
    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 20882 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 22 Jul 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
      "Awesome Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the BankBazaar platform for a while. I never faced any issues with their services. I've applied for a personal loan via Bankbazaar and the whole application and the documentation process was smooth and hassle free.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 20, 2018
    • Citibank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the Citi bank for Rs. 5.7L for 4 years. It was very good, The interest was normal. I got the loan amount with in a week. There was a bank strike other than that there were no issues during the loan application.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 20, 2018
    • Bank Bazaar Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have taken my personal loan via BANK BAZAAR . The customer service and responses was up to the mark. The website is very user friendly and easy to understand but few information which is given on the website is not consistent which can be worked on .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • HDB Financial Services Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDB FINANCE. The loan amount was 3,30,000 and the interest rate was satisfactory and the tnrue period was 3 years,. I had a very smooth process here but the documentation was but tedious sine they requested lot of documents to submit but the process was very nominal. They have sanctioned the loan with the committed time.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 20, 2018
    • Capital First Personal Loan
      "Poor Service"
      0.5 2.0/5 "Expected more"
      I took a personal loan from the Capital First for 3.5 lacs, there were charges. They need to reduce the rate of interest and the service charges associated with their personal loans. I am not happy with the service I got.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 20, 2018
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the BankBazaar services for a while. I got the loan amount with in 10 days, Everything was easy, it was a completely paperless application. The customer support follow up was equally effective during the applciation.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I took a personal loan from the ICICI bank for 4L for 4 years. It was good, the interest ate is high, there were charges. They need to provide personal loans at a competitive interest rate. The processing charges also should be minimized.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 20, 2018
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      My experience was rally good with BANK BAZAAR . The customer service and responses was up to the mark. This is my first experience and the website is very amazing . The web portals accuracy and speed is good so I would like to recommend to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with INDUSIND bank . The loan amount was 2 lakhs and the EMI period was 2 years . The interest rate was satisfactory but it was not paperless process and they have taken much time for processing itself .The customer service and responses was not good but there is no processing fee here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products. The customer service and responses was amazing . This is my first experience here. The website is very much user friendly and easy to navigate . The web portals accuracy and speed is good. There are no complications faced .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • Tata capital Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with TATA CAPITAL. The loan amount was 1.5 lakhs and the interest rate was satisfactory . The customer service and responses was very good. Its a paperless process and there is no processing fee at all. I had a very smooth loan process and they haves sanctioned the loan with the committed time. Here the pre closer is after 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I had a very excellent experience with BANK BAZAAR. The customer service and response was amazing .Its a paperless process and it was very hassle free also. I was getting all the updation in time and there is no complications faced here. The website is very user friendly and good rather than using a mobile application
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with INDUSIND bank . The loan amount was 5 lakhs and the interest rate was very satisfactory and the tenure period was 4 years . I had an excellent process here . There is no processing fee which is quite satisfactory and its a completely paperless process. The customer service and responses was amazing . They have provided door step service for collecting documents. There are no complications faced till date.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 20, 2018
    • Kotak Personal Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with KOTAK BANK 1.5 years back. Te loan amount was 93,000 but the interest rate was very high . The tenure period was 36 months but i pre closed it and they have collected 5% as pre closing charge. They have forced me to take this loan and the prepossess was also very lengthy. They have taken 3 week top disbursed the loan amount and the processing fee was also too high.My
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 19, 2018
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 2 years back.The loan amount was 2.5 lakhs and the interest rate was satisfactory . The EMI period was 4 years and I have taken a top up loan also 1 year back. The process took Its 4 days and they have disbursed the amount with in a week which is very good. The processing fee was also very nominal . I had a good experience here.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 19, 2018
    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Capital First and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to others. Customer service was good, they followed up on time and the tenure period is 4 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 18, 2018
    • Syndicate Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and the loan amount which they had given has been satisfactory as well. The interest rate has been lower when compared with the other banks. There has not been any issues faced with the banking service which they had been providing so far.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 18, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Hdfc bank for 5 lakhs , as the rate of interest is nominal one . Paying the payments through Ecs . They took 8-9 days for approval and documentation as instant approval process .The customer service and response is good . The processing fees is Rs 3000 , they gave the tenure period for 4 years .
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 18, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Hdfc bank which they approved in 1 day and the amount is reflected in next day ,its instant approve process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 24 months and i make the payment monthly though ECS. There are processing fees of rs 500.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 18, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan with HDFC bank and my loan experience was good, the loan amount was for Rs 3 lakhs with 11.75% as interest rate which is nominal in market. They charge 2% for preclosure. Customer service was good with HDFC bank and the tenure period is 3 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 17, 2018
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