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    We found 32 Bangalore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 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.2,000 Amazon Voucher Ad 100% PAPERLESS APPROVAL
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    Customer Reviews
    10.99% - 14.49% Fixed
    999 to ₹1,500
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
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    Customer Reviews
    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    25L 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.2,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Eligibility Criteria
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 100% PAPERLESS APPROVAL
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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.2,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 100% PAPERLESS APPROVAL
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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
    100% PAPERLESS APPROVAL
    What you'll love
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    10.99% - 17.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
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    Documents
    Perks
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    11.00% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
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  • Bangalore Personal Loan is Rated as "Great!" by 20347 Users
    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 20 Feb 2018

    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 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 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

    • IndusInd Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It is a decent service from Induisind personal loan department. They offer me with 11.99 % of rate of interest which is fine for me. The customer service is good with Indusind and the staffs are good. It was been one year I taken the service from Indusind personal loan department. It is a good experience with Indusind personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • ICICI Bank Personal Loan
      "Below average"
      0.5 1.0/5 "Really Bad"
      I have a personal loan from Icici,the service is good with Icici. The rate of interest is 11.29 in the initial stage but they increase it to 11.99 which is high. The documents procedure has been smooth. The staffs are friendly in approach. It has been two months since, I have taken the service. As my company is not listed according to the bank criteria the amount they offered me is less, the service from Icici personal loan team is not as I expected.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from ICICI during the year 2006. The customer support is good with ICICI. I used to visit the branch directly it is good and staffs are friendly. The documents have been collected from my door step. It is an average service that I received from ICICI personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      The rate of interest is 11.25 % which is good. But I am disappointed that there is no pre closer option and no proper response from Standard personal loan department. I was unable to check my details,it is average service from Standard personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      BANK BAZAAR is a good platform for all the financial products . The customer service and responses was really amazing . Their website is very easy to navigate and Informative . have tried using the tools like EMI calculator and credits credit score.My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank. The loan amount was 1.5 lakhs and the Interest rate was 10-11% which is average . The tenure period was 1 year. The loan process was very good and the processing fee was also nominal. My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Bank Bazaar Personal Loan
      "User friendly"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan through bankbazaar.com. It was a good experience. The response time was very less and they coordinated well. They called me immediately. I came to know about the website through internet and friend's recommendation. The website was quite easy to access.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 2.0/5 "Expected more"
      Rate of interest is huge one with the ICICI bank for the personal loan. I would like to say that the customer service have called me after one or two days of time. Everything is better one for me with the ICICI bank, also am really happy with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Capital First Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Capital first and I am happy with the experience. The customer services are good and the documentation on time. The rate of interest is low. It is of 10.25%, where as the other banks are charging 11.25%. The processing charges are normal too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 19, 2018
    • Kotak Personal Loan
      "Unnecessary additional charges"
      0.5 0.5/5 "Unacceptable"
      Very unprofessional. They had recorded my bank details wrongly and because of the ecs payment was failing every month .. I have been doin the payment manually every month . And on top of that they charge u OD charges stating tat the ecs payment bounced .. i hav been telling them U hav taken the account details wrongly and so it bounced , now because of low balance or anything. They are not keen on updating the correct details as well.. every two months they call and ask me to pay the OD charges of 1000+.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 18, 2018
    • Bajaj Finserv Personal Loan
      "High charges"
      0.5 4.0/5 "Great!"
      My personal loan is with Bajaj Finserv. The process was okay. They showed up one thing and they charged another thing. I was told that the interest rate is of 20% and they charged 28%. I was told 16%. They need to be more consistent and clear when it comes to charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was an excellent experience with HDFC Bank for the personal loan. The customer services are good and the rate of interest is low and the best is that the bank show what ever they charge. There is nothing hidden. The process was good and the documentation process was really smooth.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have taken my personal loan with ICICI bank 4 years back.The loan amount was 4 lakhs and the Interest rate was 16%which is very high than other banks.The tenure period was 48 months. The loan process was every good which is satisfactory . They have provided door step service for collecting documents .
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products . The customer service and responses was satisfactory . The website was really amazing with good features and I have tried using the tools like EMI calculator , credit score option which is amazing.My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with TATA CAPITAL.. The loan amount was lakhs and the Interest rate was 11.99% which is avergae . The customer service and responses was good. The tenure period was 5 years . I am satisfied with the loan process here and my overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with TATA CAPITAL.. The loan amount was lakhs and the Interest rate was 11.99% which is avergae . The customer service and responses was good. The tenure period was 5 years . I am satisfied with the loan process here and my overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Axis Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have also taken my personal loan from Axis bank. It was also convenient process and I got the loan on time. The customer services are good and there were no issues in getting the funds. The interest rate and processing charges are on the higher side. The after loan services are also good and comfortable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 17, 2018
    • Vijaya Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Vijaya bank told to open an account for the Personal loan, only they were looking authorized person then loan documentation went well. I took the loan of Rs. 3 lakhs without any pressing fee but they took bond paper around Rs. 500 from the disbursal amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I got preapproved loan within a week they collected limited documents, the customer care have done disbursed the amount on time. I was taken the amount around Rs. 1.89 I applied for Rs. 2 lakhs. Interest rate charged me on 14% per annum, processing and insurance was Rs. 3000 from the disbursement.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Bank Personal Loan
      "Process should be improved"
      0.5 4.0/5 "Great!"
      One year back I closed HDFC loan, the loan process taken some time. Their executive came and collect the papers, I took the loan amount of Rs. 3 lakhs it has tenure of 5 years. I make auto debit payment, its going well without any difficulties. Interest rate is also nominal as other loan products.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
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