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Bank/NBFC | Interest Rate | Min. Loan Amount | Max. Loan Amount | Min. Tenure | Max. Tenure | Processing Fees | Part Payment | Apply Now |
---|---|---|---|---|---|---|---|---|
![]() | 10.5% - 21% | 50000 | 4000000 | 12 | 60 | Up to 2.50% + GST as applicable | Apply | |
![]() | 10.75% - 20% | 50000 | 5000000 | 12 | 72 | Upto 2.50% + GST as applicable | Apply | |
![]() | 11% - 25% | 50000 | 700000 | 12 | 48 | Upto 2% + GST as applicable | Apply | |
![]() | 18% - 54% | 500 | 200000 | 10 | 36 | Up to Rs. 1250 including GST as applicable | Apply |
Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases
Try Adding the income of a co-applicant like a working spouse
Financebuddha can help you consolidate all your loans into one to increase your eligibility
As most of us know, personal loans are availed for immediate finance requirements. It is one of the easiest ways to get liquid money and you will be lucky if you can find a bank that offer decent loan amount at low interest rate. The interest rates, charges and other things depend on the income of the applicant, CIBIL scoring and even where the applicant is location. The charges and rate of interest depends a lot on the location and employer of the applicant. Personal loan amount will range between ₹50,000 to ₹5,000,000.
Bangalore being the biggest IT hub of India, the cost of living is high and as such the need for personal loans to meet various requirements is also high. Personal loan in Bangalore is offered from banks like ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Standard Chartered Bank, IndusInd Bank, Bajaj Finance and ING Vysya Bank. It is very crucial to know the personal loan details of each bank before applying for a loan and for this purpose Finance Buddha is a best solution point.
If you are looking to take a personal loan in Bangalore, it is advisable to visit Finance Buddha which is a one-stop-solution for all your loan requirements. Here you can compare the interest rates, bank charges, benefits offered from each bank for personal loans. Based on this the applicants just have to apply online with the bank and the bank officials will directly contact you to let you know further details of the processing requirements. Apart from these through Finance Buddha, you can check your eligibility for applying a personal loan with the bank. It will give options for the applicant of the banks available in Bangalore that meet your eligibility criteria for a personal loan requirement.
Also the FAQ section is the website will help you with most of the common questions and concerns of personal loans in Bangalore. The applicant can make use of the borrower’s reviews to compare and pick the best bank that offers good service at reasonable cost. And all these are offered by Finance Buddha at free of cost!
These are the basic eligibility criteria that every individual should meet in order to get a personal loan in Bangalore.
General Eligibility for Personal Loan in Bangalore | |
Age limit |
Min 21 years – Max 60 years |
Employment Type |
Salaried/ Self-employed professionals/ non-professionals |
Employment Status |
Employed/In-business for at least 2 years, at least 1 year with current employer/business |
Minimum Income |
Minimum ₹20,000 net income per month |
Loan Amount |
₹50,000 – ₹5,000,000 |
The rate of interest, charges and fees vary from bank to bank. The list of these details is given below.
Personal Loan Bangalore Interest Rates | |
Interest Rates |
10.89% – 36.00% |
Processing Fees |
1% – 3.00% |
Pre-payment Charges |
Nil – 5.00% |
Repayment Period |
Up to 5 years |
Cibil Score |
Min. 750 |
Lowest EMI |
₹1075 |
Personal Loan Offers from 19 Banks / NBFCs in Bangalore (updated 06 Nov,2023)
Bank / NBFC |
Institution Type |
Minimum Loan Amount |
Maximum Loan Amount |
Minimum Tenure |
Maximum Tenure |
APR |
Fees & Charges |
Aditya Birla Finance Ltd |
NBFC |
₹25,000 |
₹50,00,000 |
12 months |
60 months |
16.85% - 17.85% |
1% + GST as applicable |
Arohan Financial Services Ltd. |
NBFC |
₹1,100 |
₹50,000 |
3 months |
24 months |
20.70% - 26.99% |
1% + GST as applicable |
Axis Bank |
Bank |
₹50,000 |
₹15,00,000 |
12 months |
60 months |
15.75% - 24.00% |
1.50% to 2.00% + GST as applicable |
Bajaj Finserv |
NBFC |
₹50,000 |
₹25,00,000 |
12 months |
60 months |
12.99% onwards |
Up to 3.99% + GST as applicable |
Capital First |
NBFC |
₹1,00,000 |
₹25,00,000 |
12 months |
60 months |
12.00% - 18.00% |
1.99% + GST as applicable |
Citibank |
Bank |
₹25,000 |
₹30,00,000 |
6 months |
60 months |
17.99% - 18.99% |
2.00% - 3.00% + GST as applicable |
SMFG India Credit |
NBFC |
₹50,000 |
₹20,00,000 |
12 months |
60 months |
20% to 40% |
Up to 6.5% + GST as applicable |
HDB Financial Services Ltd. |
Bank |
₹1,00,000 |
₹20,00,000 |
12 months |
60 months |
12% - 36% |
Up to 2% + GST as applicable |
HDFC Bank |
Bank |
₹1,00,000 |
₹25,00,000 |
12 months |
60 months |
15.50% - 21.50% |
Up to 2.50% + GST as applicable |
ICICI Bank |
Bank |
₹50,000 |
₹20,00,000 |
12 months |
60 months |
11.25% to 22.00% |
Up to 2.25% + GST as applicable |
IDFC |
Bank |
₹50,000 |
₹20,00,000 |
3 months |
60 months |
12%-19% |
2% + GST as applicable |
Incred |
NBFC |
₹50,000 |
₹7,50,000 |
12 months |
60 months |
12%- 24% |
Up to 3% + GST as applicable |
India Infoline |
NBFC |
₹1,00,000 |
₹25,00,000 |
12 months |
60 months |
13% onward |
Up to 2% + GST as applicable |
Indiabulls |
NBFC |
₹1,000 |
₹15,00,000 |
3 months |
24 months |
11.99% - 26% |
Up to 5% + GST as applicable |
IndusInd Bank |
Bank |
₹50,000 |
₹15,00,000 |
12 months |
60 months |
11.25% - 30.00% |
Up to 2.50% + GST as applicable |
Kotak Mahindra Bank |
Bank |
₹50,000 |
₹15,00,000 |
12 months |
60 months |
10.99% to 24% |
Up to 2.5% + GST as applicable |
RBL Bank Ltd. |
Bank |
₹1,00,000 |
₹20,00,000 |
12 months |
60 months |
15.5% - 23% |
3% + GST as applicable |
Standard Chartered Bank |
Bank |
₹1,00,000 |
₹30,00,000 |
12 months |
60 months |
10.89% - 19.00% |
Up to 3% + GST as applicable |
Tata Capital |
NBFC |
₹75,000 |
₹25,00,000 |
12 months |
72 months |
11.25% - 19% |
1.50% to 2.00% + GST as applicable |
Some of the common and essential documents for personal loan application in Bangalore are:
Documents Required for Salaried Employees | Documents Required for Self Employed |
Identity proof |
Identity proof |
Current residence Proof/permanent address proof |
IT Returns CA certified copies for 2 years complete set |
6 months Bank statements |
Education proof |
Appointment letter and proof of work experience. |
Partnership Deed & other mandatory documents |
Photograph and PAN Card Xerox |
Balance Sheets |
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