Personal Loan in Bangalore
Avail instant personal loans in Bangalore from top lenders like HDFC, ICICI, SBI, Kotak Mahindra, and others, at attractive interest rate starting from just 10.49% p.a. You can get up to Rs. 40 lakhs as loan amount and repay the borrowed funds in easy instalments spread between 1 to 6 years of tenure. The Personal Loan processing fee can go up 4.15% of the sanctioned loan amount.
Apply for a Rs. 20 Lakh Personal Loan Online
Avail of personal loan in Bangalore at interest rate starting from 10.49% p.a. You can get up to Rs. 40 lakhs as loan amount and make repayment in EMIs within 1 to 6 years. The personal loan processing fee can go up 4.15% of the sanctioned loan amount.
Best Personal Loans Banks in Bangalore
Below are the top 7 lenders that offer instant personal loans in Bangalore to fund all financial needs.
| Bank/ NBFC | Loan Amount | Interest Rate (p.a) | Tenure | Processing Charges |
|---|---|---|---|---|
| HDFC Bank | Rs. 50,000 - Rs. 40 lakhs | 10.75% | 1 - 5 years | Up to 3.5% |
| ICICI Bank | Rs. 50,000 - Rs. 25 lakhs | 10.80% | 1 - 6 years | Up to 2.50% + GST |
| Kotak Mahindra Bank | Rs. 50,000 - Rs. 20 lakhs | 10.99% | 1 - 5 years | Up to 2.50% + GST & other levies |
| Bajaj Finserv | Up to Rs. 25 lakhs | 14.50% | 1 - 5 years | Up to 4.15% + taxes |
| IDFC First Bank | Up to Rs. 20 lakhs | 10.99% | 1 - 5 years | Up to 2.50% + GST |
| Yes Bank | Rs. 1 lakh - Rs. 40 lakhs | 10.99% | 1 - 5 years | Up to 2.50% + taxes |
| Tata Capital | Rs. 75,000 - Rs. 25 lakhs | 11.75% | 1 - 6 years | Up to 2.75% + GST |
Personal Loan Bangalore Features & Benefits
- Online application: Apply for instant loan in Bangalore online through lender’s website or MyMoneyMantra.
- Quick decision: Get a quick decision on approval or rejection of your loan application.
- Instant disbursal: If the loan is approved, get the amount instantly disbursed to your account.
- Low rate of interest:The interest rates for personal finance in bangalore starts from just 10.49% p.a.
- Flexible tenure: You can repay your loan in flexible tenure of 1 to 6 years.
- High amount: You can get up to Rs. 40 lakhs under immediate personal loan in Bangalore.
- Prepayment: You can make prepayment in part or full at nominal charges.
- Multiple options: There are many personal loan agents in bangalore.
Eligibility Criteria for Personal Loans in Bangalore
Below is the detailed eligibility criteria for personal loan or private finance in Bangalore:
- Minimum age: 21 years for salaried and 25 years for self-employed.
- Maximum age: Up to 60 years for salaried and 65 years for self-employed.
- Minimum monthly income: Rs. 25,000.
- Profession: Personal Loan for Salaried or self-employed.
- Minimum work experience: Total 1 year, with 6 months with the current employer.
- Credit score: 750 or above.
Document Required for Personal Loan in Bangalore
You must submit the following documents to get a personal loan in bangalore:
- Employee ID card
- PAN card
- Address proof
- Identity proof
- Salary slips of last 2 months
- Statements of salary bank account of the last 3 months.
- Form 16
How Do I Get a Personal Loan with the Lowest Interest Rate in Bangalore?
- Maintain an excellent credit score of 750 or above.
- Check loan services in bangalore of top personal loan providers to get the best deal.
- Check for promotional offers of the banks.
- Use your employer’s reputation to your advantage.
- Clear off all your existing debts.
- Add a co-applicant for your personal loan application who is more eligible.
How to Apply Loan in Bangalore
You can apply through:
- Lender’s website
- Lender’s mobile application
- MyMoneyMantra
To apply through MyMoneyMantra, just visit our website, and fill in all the required details under the Personal Loan tab and submit your application. Our loan representatives will call you shortly to extend your application and for pick up of the required documents.