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 to ₹1,180
    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 Paperless approval available
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Customer Reviews
    12.99% - 12.99% 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
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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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    Eligibility Criteria
    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
    11.00% - 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 Paperless approval available
    What you'll love
    Documents
    Perks
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  • Bangalore Personal Loan is Rated as "Great!" by 19785 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 13 Dec 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
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is the good website to browse for an updated financial information.I got my person loan done with bank bazaar.I have been using the website for last two years.Mobile App is very useful and quick.The website is easy to understand.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 11, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Standard Chartered bank.The loan amount is two lakhs,Rate of interest is good compared to others.There is a good response from the banks end,they had processed the request without much delay and no processing fees.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Best"
      0.5 4.5/5 "Excellent!"
      Bankbazaar.com is good one for me and am using it from the last three to four years of time. I would like to say that the response and other things are really fine one for me. I am happy with the Bankbazaar.com till now. Online portal of the Bankbazaar.com is easy to access.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Tata capital Personal Loan
      "Best"
      0.5 4.5/5 "Excellent!"
      Customer service and other things are good one with the State Bank of India credit card and the response is good one. The credit card got approved within two months of time. I am happy with the State Bank of India credit card, also I really dont have any issues with them till now.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the ICICI bank and the interest rate was not really made me happy . I would like to say that the customer service was good one with the ICICI bank. I am happy with the ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Good support to the customers"
      0.5 5.0/5 "Blown Away!"
      Had a good experience talking to bank bazaar executives.I got an immediate response from them.Multiple follow ups were made for the loan request i really liked the procedure of applying as it was very simple and understandable.I feel they provide the best support to its customers.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2017
    • Citibank Personal Loan
      "Excellent banking"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with CITI bank,it was approved with limit of 3.9 lakhs,Rate of interest is 12.99% nominal as compared to other banks.They had immediately responded for the request but they took 2 weeks to complete as there was a delay from my end.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      Bank bazaar is user friendly it has various financial products. customer executives are good,their service is excellent.The website is easy to access and understand,they give many offers and its very immediate response and process through bank bazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Tata Capital.The loan amount is five lakhs,rate of interest is nominal as compared to others.I got an immediate response from the executives.The net banking is very convenient use.The phone banking service is prompt.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had applied for the loan on the Bankbazaar.com website which was easy to use and very user friendly ,the customer support was good I use to get regular followups it has been a very long time I know about the service of Bankbazaar.com but this was my first experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a smooth process with hdfc for my personal loan service ,the customer support was good. The rate of interest they offered me was fine compared to others in the market and the documents have been collected from my door step it was a excellent service from hdfc personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It has been six months now, since I came to know about the service of Bankbazaar.com but this was my first experience with Bankazaar.com ,I uses Bakbazaar.com application which was easy to use and user friendly ,also the customer support was good it was a good experience that I had with bankbazaar.com.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      ICICI Bank personal loan service was good ,the process was very fast. The customer support was good and they offered me a credit limit of 8.99 which was nominal compared to the market value and the documents have been collected from my door step from ICICI Bank personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good experience with Bankbazaar.com ,I have been know about Bankbazaar.com for the past one year ,the customer support was good also I applied with Bankbazaar.com application which was to use it was a average service from Bankazaar.com.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The documents process was very easy from icici personal loan department they collected from my door step and they said it will be a paperless process still they ask with some hard copy it was little disappointed for me. The customer support was prompt it was a good experience with icici personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Good online platform"
      0.5 4.0/5 "Great!"
      I have approached BANK BAZAAR for the first time. The customer service and responses was up to the mark. The website's option was amazing with many features.I have not faced any run time error and down time error so Its recommendable.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 09, 2017
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with STANDARD CHARTERED Bank . The loan amount was 2 lakhs and the rate of interest was 11.49% which was bit high than other banks in the market.They have sanctioned the loan with the committed time and satisfied with the customer service here so I would like to recommend to others.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 09, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv sanctioned Rs.1.80 lakh, in that 15,000 got deducted for processing fee and insurance. Bajaj Finserv charged me 29.54% of interest for the tenure of 36 months. It was very high compared to other bank hence I am going to do balance transfer.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 09, 2017
    • Axis Bank Personal Loan
      "Looking for better offer"
      0.5 3.0/5 "Satisfactory"
      I took personal loan from AXIS based on the salary account, my principal was around Rs. 1. 4 lakh for the tenure of one year, I felt interest rate was high, they gave me 20.5% of interest for a year. It was huge compared to other bank, because they were offering around 11 to 12% of interest. It would be great if they reduce the interest.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 09, 2017
    • Kotak Personal Loan
      "Approchable for personal loan"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan from Kotak Mahindra . The approved loan amount is 1.2 lakhs. The monthly EMI is 6000 for 24 months. The approved rate of interest is 10.99%. The communication with the bank is good. The documentation process was too much.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 09, 2017
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