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Personal Loan in Bangaloreadmin2023-11-07T05:24:01+00:00
Personal Loan in Bangalore
As the capital of Karnataka, Bangalore has about 10 million people and is the third most populous metropolitan city in India. Bangalore is ideally called the ‘Silicon Valley of India’ as each year a large number of young professionals migrate to this city to kick start their career. As it houses a number of reputed educational and research institutes the city keeps buzzing with a large number of college going students. There are a number of instances when working professionals and young students need to borrow money for small business investments, covering certain costs or for other personal reasons.
The good thing is Personal loan is easily available in Bangalore. A number of banks in Bangalore offer personal loans at fair interest rates and paperless approval. Personal loans are an ideal option at the time of emergencies. You can obtain a personal loan for varied purposes such as paying off medical bills, for home renovations, for travel expenses, there is an option of personal loan for all your requirements. People who are facing trouble in closing their high-interest credit cards or paying off salary advance loans and apply for debt consolidations.
Personal loans are obtained easily with minimum documentation. The interest rates for Personal loans are much lower than other forms of debt and are unsecured, which means it does not require collateral. While applying for Personal loan, your credit history and credit score are evaluated for loan approval. Your credit score will determine the interest rate to be charged and the loan amount and loan tenure. Make sure you have a decent credit history and adequate monthly salary and you will be eligible for obtaining personal loans.
Personal Loan Interest Rate In Bangalore
| Loan Provider | Interest Rate | Processing fees | Tenure | Loan Amount |
|---|---|---|---|---|
| Hdfc Bank | 11.49% – 20% | 0.5%-2.5% of loan amount | 12-60 mths | 50k-30 lakhs |
| Icici Bank | 11.49% – 20% | 1%-2.5% of loan amount | 12-60 mths | 50k-25 lakhs |
| Axis Bank | 11.99% – 22% | 2% of loan amount | 12-60 mths | 50k-20 lakhs |
| Citibank | 11.75%-20% | 0.25-1% of loan amount | 12-60 mths | 1-25 lakhs |
| Kotak Bank | 11.99% – 22% | 2% of loan amount | 12-60 mths | 50k-15 lakhs |
| Yes Bank | 10.75% – 18% | 0.5%-2.5% of loan amount | 12-60 mths | 50k-30 lakhs |
| Bajaj Finserv | 13% – 16% | 2% of loan amount | 12-60 mths | 1-25 lakhs |
| Standard Chartered | 11.50% – 18% | 0.5%-2% of loan amount | 12-60 mths | 50k-25 lakhs |
| IDFC Bank | 11.50% – 18% | 0.5%-2.5% of loan amount | 12-60 mths | 50k-30 lakhs |
| Capital First | 12.5% – 22% | 2% of loan amount | 12-60 mths | 50k-20 lakhs |
| Fullerton India | 13.5% – 20% | 1% – 3.5% of loan amount | 12-60 mths | 50k-20 lakhs |
| Indusind Bank | 11.99% – 23% | 2% of loan amount | 12-60 mths | 50k-20 lakhs |
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Personal Loan Eligibility Criteria in Bangalore
| Age | 21 Years to 60 Years |
| Educational Qualification | Graduate |
| Income | Above 20 k Per Month |
| Bank Account | Salary Account In a Recognised Bank |
| Work Experience | 12 Months |
| CIBIL Score | 720 and Above |
Documents Required for Personal Loan in Bangalore
KYC Documents
Identity Proof – PAN / Passport / Driver’s License / Voter ID card / Aadhaar card, etc.)
Address Proof– Passport / Aadhaar card / Landlines Telephone Bill / Electricity Bill, Ration Card, etc.)
Aadhar Card Copy.
2 Passport Size photographs.
A/C Statement
Bank statements of the last 6 months
Details of the previous loans and A/c Statement for last 1 year, if any
For Salaried Employees
Form 16 or IT returns – last 2 years
Salary slips for last 3 months
For Self-Employed
Income Tax Returns
Turnover proof/service tax returns
Proof of business continuity
Balance sheet for the last 3 years
Address proof of the work place
Qualification or registration proof required for Self-employed Professionals
List of Bank Branches for apply personal loans in Bangalore
| Bank Name | Address | Pincode |
|---|---|---|
| Hdfc Bank | 24, 3, MG Rd, 51, Kasturba Rd, Bengaluru, Karnataka | 560001 |
| Hdfc Bank | 755, Shri Krishna Temple Rd, Kalyan Nagar, Indira Nagar 1st Stage, Stage 1, Indiranagar, Bengaluru, Karnataka | 560038 |
| Hdfc Bank | 17/1 Sathya Sadan, Sarjapur Main Rd, Bengaluru, Karnataka | 560102 |
| Hdfc Bank | 70/2, Gr Flr, Millers Boulevard, Millers Rd, Bengaluru, Karnataka | 560052 |
| Icici bank | No.4, 100 Feet Road, Koramangala 4-B Block, Koramangala, Bengaluru, Karnataka | 560034 |
| Icici bank | Site No-4, Sports Complex Road, 4th Block, S.T. Bed, Koramangala, Bengaluru, Karnataka | 560034 |
| Icici bank | 947, 12th Main Road, HAL 2nd Stage, Indiranagar, Bengaluru, Karnataka | 560038 |
| Icici bank | 20, Langford Rd, Akkithimana Halli, Bheemanna Garden, Shanti Nagar, Bengaluru, Karnataka | 560027 |
| Axis bank | 116, Outer Ring Rd, Ittamadu, Banashankari 3rd Stage, Banashankari, Bengaluru, Karnataka | 560085 |
| Axis bank | No 9, Ground Floor, KH Road, Bengaluru, Karnataka | 560027 |
| Axis bank | No 100/ Krupa (Next to Telephone Exchange), 1-3, Bull Temple Road, Maruthi Nagar, Chamrajpet, Bengaluru, Karnataka | 560018 |
| Axis bank | No. 774, 100 Feet Road, Opposite Vivek Showroom, HAL 2nd Stage, Indiranagar, Bengaluru, Karnataka | 560038 |
| kotak bank | #309, 100 Feet Rd, Binnamangala, Stage 1, Indiranagar, Bengaluru, Karnataka | 560038 |
| kotak bank | 22, Ground Floor Ing Vysya House, MG Road, Bengaluru, Karnataka | 560001 |
| kotak bank | Gandhi Bazar, Basavangudi Ground Floor, Municipal Corporation No. 60, Old Municipal Corporation No. 60, Old No.62, Gandhi Bazaar Main Rd, Basavanagudi, Bengaluru, Karnataka | 560004 |
| kotak bank | Bangalore Turf Club Premises, No.52, Race Course Rd, Racecourse, Gandhi Nagar, Bengaluru, Karnataka | 560001 |
| Standard Chartered | 26/27, Raheja Towers, MG Road, Bengaluru, Karnataka | 560001 |
| Standard Chartered | Unit G2-7 Inorbit Mall, Whitefield, Bengaluru, Karnataka | 560066 |
| Indiabulls | 87/6, Before Elenza Hotel, Richmond Rd, Richmond Town, Bengaluru, Karnataka | 560025 |
| Indiabulls | 1st Floor 128, 10th Cross Margosa Road, Malleshwaram, Bengaluru, Karnataka | 560003 |
| Indiabulls | Suraj Towers, 202 /203, 3rd Floor, Block S, 27th Cross Rd, Jayanagar East, Jayanagar, Bengaluru, Karnataka | 560011 |
| Indiabulls | Front Half Portion of 3rd Floor of Property 55 Rs Tower, Bommasandra Village, Hosur Main Road, Bengaluru, Karnataka | 560099 |
| Citibank | South End Apartment, No. 91, Prestige, S End Rd, Opposite Surana College, Jayanagar, Bengaluru, Karnataka | 560004 |
| Citibank | No. 5, MG Road, Yellappa Garden, Yellappa Chetty Layout, Sivanchetti Gardens, Bengaluru, Karnataka | 560001 |
| Indusind Bank | 1st Block, Rajajinagar, Bengaluru, Karnataka | 560010 |
| Indusind Bank | 370, 17th Cross Road, Sector 4, HSR Layout, Bengaluru, Karnataka | 560102 |
| Indusind Bank | 592, Siddanna Layout, Banashankari Stage II, Banashankari, Bengaluru, Karnataka | 560070 |
| Indusind Bank | Block Bangalore, 208, 80 Feet Main Rd, HBR Layout 2nd Block, 1st Stage, HBR Layout, Bengaluru, Karnataka | 560043 |
| Fullerton India | Lal Bagh Main Rd, K.S. Garden, Raja Ram Mohanroy Extension, Sudhama Nagar, Bengaluru, Karnataka | 560002 |
| Fullerton India | Indiranagar Double Rd, Defence Colony, Domlur, Bengaluru, Karnataka | 560008 |