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% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 Ad Paperless approval available
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    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    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
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    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 free Paperless approval available
    What you'll love
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    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
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    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
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    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
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    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    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
    11.75% - 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
    12% - 19% Fixed
    Up to 3% 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
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  • Bangalore Personal Loan is Rated as "Great!" by 18945 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 Oct 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

    Bangalore Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good Service "
      0.5 4.0/5 "Great!"
      The Customer service good I can say from Bank Bazaar side it was very helpful for me . After I registered on website within a day I received call from bank bazaar . The website was real good and user friendly did not find any kind of difficulty in per forming any thing .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Standard Chartered Bank Personal Loan
      "good service "
      0.5 4.0/5 "Great!"
      It was a good customer service from the STANDERD CHARTERED bank as the Loan got disbursed in 10 days and the approval was done in a weeks time the rate of interest was 11.25%, high as compared to other banks and the processing fee was zero I got a full approval for the loan amount and they gave me option of pre closure and part payment is there with 2% extra charges . The bank should reduce the extra fee and charges that will be good for the customers .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Not good"
      0.5 2.5/5 "Just OK"
      My personal loan is with HDFC bank taken before 1 years . I have taken 4 lakhs and the rate of interest was 13% which was bit high in the market . The EMI period was 4 years. They have provided door step service for he documentation collection and the loan process is also easy. It took 2 weeks for the verifying the documents so they did not sanction the loan with the committed time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached bank bazaar for my personal loan process. The response was awesome and customer service was up to the mark. The representative was helpful and process is really fast. It would be great If they update the credit score tool and account details .This is the fist experience here. I am completely satisfied here
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Kotak Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have applied for my personal loan with KOTAK bank. I was looking for 2 lakhs but they have rejected the application since my credit score was low. The customer service and responses was up to the mark so Its recommendable. My overall experience was not bad.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      HDFC gave me quick loan process, I am very much satisfied with them. I have taken the loan amount of Rs.2 lakhs for the tenure of two years. I felt their interest and processing fee was also quite nominal as per the market. Overall I don't have any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Bank Bazaar Personal Loan
      "Easy to navigate"
      0.5 5.0/5 "Blown Away!"
      Very much satisfied with Bank Bazaar, instead of going to the bank. I could seen all the available option in the market. Their service is also good and gave me required information and also resolved my queries on time related to the personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Standard Chartered Bank Personal Loan
      "Dissatisfied"
      0.5 1.0/5 "Really Bad"
      I am not sure why Standard Chartered have rejected my loan request. I gave a inquiry for the personal loan but they didn't call me or mail me to confirm my requirement. Without confirming with me, they have simply closed the loan request, it was a bad service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Expensive interest rate"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank. The rate of interest was very expensive, the one and only reason is their processing time is very short. The customer service and response was satisfactory.They have processed my loan within 48 hours. The emi period is 3 years and I took loan amount of 2lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "Foreclosure charges should be waived off"
      0.5 5.0/5 "Blown Away!"
      HDFC personal loan process was very fast, I don't get a chance to reach the customer care. But if I want to close the loan I need to pay 2% of charges from the principal amount it was really bad. It would be if they avoid collecting foreclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Bank Bazaar Personal Loan
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      I would say, bankbazaar.com is a main tool to get any loan or credit cards where we can do a easy comparison with the banks. I am using it for almost 4years, it is a time consumption. The website was easy to use. I have tried EMI calculator for calculation purpose.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • Standard Chartered Bank Personal Loan
      "Great Banking"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with Standard Chartered Bank. It is a very good experience. They took one week time for disbursement. They provide a doorstep service for documents. The rate of interest is 11.9% which is nominal. I have taken a loan of 4Lakhs. The EMI duration is 3 years and the payment goes from my salary account.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 21, 2017
    • HDFC Bank Personal Loan
      "worst service"
      0.5 1.0/5 "Really Bad"
      I am not happy with the service of HDFC for my personal loan service the process was very slow from the date I applied for my personal loan they takes one month to complete my loan process ,I feel they need to improve their service ,HDFC service is is not much as I expected from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan two times from HDFC, their service is excellent. Even their interest rate is also nominal as per other banks. I took the amount of Rs. 1.5 lakh and second time I done a top up of Rs. 90,000. Processing time is very short and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Axis Bank Personal Loan
      "Interest rate should be nominal"
      0.5 2.0/5 "Expected more"
      Before five years I took Axis bank personal loan, but my experience was not good. Because they charged me high interest rate around 18.5%. At the time I was in a need hence I took that loan. In term of customer service is good, but interest rate should be reduced.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Bank Bazaar Personal Loan
      "Its a nice financial insitution"
      0.5 5.0/5 "Blown Away!"
      Good and hattric service provider is Bank Bazaar. I am getting very nice response, as soon as I post my request I got quick response. Website information is very helpful to check the financial product details. I am very fine with their services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Standard Chartered Bank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      I got very nice service from Standard Chartered, even their response is also good. Charges was not there but they have taken nominal interest rate. I taken the loan amount Rs. 10 lakhs for the tenure of five years, bank gave me the interest rate 10.99% its good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Bank Bazaar Personal Loan
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar people gives very fast response for all the products like credit card, personal loan etc. Whenever I tried to contact them immediately I used to get the response. They try to find out the customer expectation to fulfill, even website information is also good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Capital First Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Capital First loan is good but interest rate was very huge. My company was non listed hence they have taken around Rs.18% of interest for the principal Rs.2 lakhs it has the loan period of three years. It would be great if they reduce the interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • ICICI Bank Personal Loan
      "Charges and Interest should be reduced"
      0.5 2.5/5 "Just OK"
      I am not happy with ICICI, they charged me 17.75% of interest for the personal loan where other bank offering me best interest. My principal amount was around Rs. 2 lakhs, I was in a need hence I took and closed the loan by foreclosure, even they took high preclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
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