Bangalore ‘the information technology hub of India’ or the “IT capital of India”. It is the capital of Karnataka. The city gives the opportunity to see the modern face of developing India. The City is even good at its education front has many good institutes such as Indian Institute of Science, Indian Institute of Management Bangalore, National Institute of Design, National Law School of India University and National Institute of Mental Health and Neurosciences (NIMHANS).
Being the IT hub of India many multinational companies have established their work centres and headquarters here. The City is progressing very fast and hence, the lifestyle of the people too. Modern lifestyle and emergencies often lead to some financial trouble are people want financial help at that moment.
Personal loans are the fastest and most easily available one. From planning your vacation to funding your child’s education. Renovation your home or wedding in your family you can always avail a personal loan to meet your requirement. The personal loans are widely available through most of the leading lenders in Bangalore. To avail, one such in Bangalore, Finance Buddha personal loan is the best option for you. You just have to satisfy the eligibility criteria along with a good CIBIL score. The interest at which Finance Buddha offers personal loan is always low as compared to the other lenders in the market. But it also important to know that the interest rate charged is always dependent on the customer’s profile.
Benefits of Finance Buddha’s Personal Loan
- With Finance Buddha personal loan you get complete flexibility to use the loan amount whatever and however you want to.
- No physical documentation required.
- Fast processing of the loan application using proprietary algorithms.
- Instant e-approval in 1 second.
- Quick disbursal within 2 hours.
- Affordable interest rate.
What You Get When You Apply With Finance Buddha
Purely Paperless Experience for your personal loan
Get e-Approval for your personal loan
Affordable Interest Rate
Minimum loan amount available ₹50,000
Maximum loan amount available ₹5,000,000
Tenure period available from 12 months to 60 months
What are the Documents Required to Get a Personal Loan in Bangalore?
|Documents required for Salaried individual||Documents required for Self-employed individual|
|Documents for ID proof – Passport, driving license, voter ID and PAN card (any one)||Documents for ID proof – Passport, driving license, voter ID and PAN card (any one), proof for KYC|
|Documents for address proof- Any utility bill like water or electricity bills but not older than 3 months, Passport ( any one)||Documents for address proof- Any utility bill like water or electricity bills but not older than 3 months, Passport ( any one|
|Salary slips for last 3 months or the bank statement for last 6 months.||Audited financial for the last two years for income proof|
|Applicant’s passport size photograph (2)||Last 3 years ITR forms|
|Last 2 year ITR forms||Passport size photographs (2)|
|None||PAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI|
Highlighting Features of Finance Buddha Personal loan
Get Instant eApproval.
100% Online Process of your personal loan application
Loan Disbursal in 2 Hours
No Physical Documents Required for your personal loan
Interest Rates starting @10.5% p.a
Loan amount available from ₹50,000 and up to ₹5,000,000 is available
Tenure period From 12 to 60 months
Customized Loan Offers to Employees of Top Companies are available
Lock in period as low as 6 months
Processing Fee: 1.50% to 2.00% + GST as applicable
|Eligibility Criteria||Salaried||Self-employed Professionals|
|Income||₹20,000 (monthly)||₹400,000 (yearly)|
|Employment||FullTime with at least 2 years of experience||At least 5 years of earning turnover|
Important Things to Know Before You Avail a Personal loan
Check Eligibility before: To avail the best personal loan offer in Bangalore, one should always check for his/her eligibility. The interest at which you get your personal loan approved always depends on your eligibility. So, never forget to check it before you opt for one.
Check for your Credit Score: Credit score is one of the most important eligibility criterions of personal loan. One should make sure that he/she has a good credit score, prior to applying for a personal loan. As a good credit score can help you get a loan at minimal rates, and a bad credit score can make your borrowing horrible with a high-interest rate or even not possible.
Try to opt for Shorter Tenure: Longer tenure keeps the loan burden low with low EMI, but it drains much money on the interest component. Hence keeping the tenure shorter makes the borrowing less expensive.