Personal Loan Bangalore @ 10.75% p.a. | Best Offers on Personal Loan in Bangalore 2024

Best Banks for Personal Loan Bangalore

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	12%
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Personal Loan Bangalore Features

Personal Loan Details
Interest Rate	10.75% to 24% p.a.
Processing Fees	0.5-2.5%
Loan Tenure	1 year to 5 years
Pre-closure Charges	2% - 5%
Guarantor Requirement	No guarantor required

As the world is running very fast, and our needs are increasing accordingly. To fulfil such needs, a personal loan is the best option, as it helps us in a variety of ways like getting our car serviced, our home renovation, etc. Moreover, it is a simple process with minimal documentation, and no collateral mortgaging is needed. We can also get a loan with a low-interest rate and a high repayment period.

Personal Loan Bangalore Interest Rates – Nov 21 2024

The interest rates in a Personal Loan depend on the company’s profile and a person’s salary. The interest rate of personal Loan starts @10.75% per annum.

Name of the Bank	Interest Rate Range	Processing Fee Range	Loan Amount	Tenure
Private 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	10.99% to 24% p.a.	Up to 2.5% of the loan amount along with GST or service tax	Rs.50,000 to Rs.15 lakh	1 to 5 Years
Fullerton India	11.99% to 23.99 p.a.	Information not provided.	Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals	1 to 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	Information not provided	1.06% of loan amount	Information not provided.	1 to 5 Years
Yes Bank	14% p.a.	Up to 2% (One-time fee)	Rs.2 lakh to Rs.20 lakh	1 to 5 Years
Corporation Bank	12.75% to 13.75% p.a.	Up to 1.5% Minimum amount of Rs.500	Up to Rs.3.50 lakh	Up to 5 Years

Get low-interest rates

PERSONAL LOAN

Interest Rate 9.99%

Personal Loan Bangalore Fees & Charges – Nov 21 2024

Bank	Processing Fee	Prepayment Charges
HDFC Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan	0.50% to 1.50%	Nil
Private Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 9 months
SBI Personal Loan	500/- to 0.50%	Nil
Kotak Personal Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan	Nil	Nil
Muthoot Personal Loan	Nil	Nil
Manappauram Personal Loan	Nil	Nil
PNB Personal Loan	0.70% to 1%	Nil
Canara Bank Personal Loan	0.01	Nil
Andhra Bank Personal Loan	Nil	Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents Required for Personal Loan in Bangalore

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhar Card Driving License
Address Proof (Any one)	Passport Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card
Income Proof	Salary slips (Last 3 months) Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one	IT returns (for 2 years) Form 16
Residence Ownership Proof (Any one)	Property documents Maintenance bill Electricity bill
Proof of Job Continuity (Any one)	Current employment certificate Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)	Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)	Payment Track Record & Sanction letter
Photograph	One coloured passport size photograph

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhaar Card Driving License
Address Proof (Any one)	Passport Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card
Proof of Residence Ownership (Any one)	Property documents Maintenance bill Electricity bill
Proof of Office Address and Ownership (Any one)	Maintenance bill Property documents Electricity bill
Proof of Business Existence (Any one)	Copy of GST registration Company registration license Shop establishment proof
Income Proof	Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement	Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)	Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)	Payment Track Record and sanction letter
Professional Degree Certificate	In case of professionals
Photograph	One coloured passport size photograph

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof	Copy of the passport Copy of the visa
Employment Proof	Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID
Income Proof	Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate
Photograph	Passport size photographs

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)	Ration card Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate
Address Proof (Any one)	Passport Aadhaar card Utility bills Ration card Driving licence
Income Proof (Any one)	Last 6 months’ bank statements/salary slips Bank passbook Form 16 Copy of pension payment order Income tax returns
Photographs	Passport size photographs

Know More About: Personal Loan Eligibility Criteria

PERSONAL LOAN

Interest Rate 9.99%

Personal Loan Bangalore Eligibility Criteria

The personal loan eligibility criteria for both Salaried and Self-Employed for getting a personal loan in Bangalore are different:

Particulars	Salaried	Self-Employed
Age	21 - 60 years	21 - 65 years
Minimum Income	Rs.15,000*	Rs.5 Lakh p.a.
Co-applicant	Not mandatory	Not mandatory
Loan Tenure	12 – 60 months	12 – 60 months
Maximum Loan Amount	Rs.40 Lakh	Rs.40 Lakh
Employment Type	Employees of private limited companies and public sector undertakings	Self-employed individuals
Employment/Business Continuity	At least 2 years; minimum 1 year with current employer	4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score	750 and above	750 and above
Residential Status	Resident Indian staying in own house or a rented house

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank	Age Limit	Minimum Work Experience	Minimum Income (Per Month)
SBI	Up to 76 years	NA**	Rs.15,000
HDFC	21 to 60 years	2 years	Rs. 20,000
Private	23 to 58 years	2 to 5 years	Rs.17,500
Axis	21 to 60 years	NA**	Rs.15,000
Kotak Mahindra	22 to 55 years	1 year	Rs.25,000
Tata Capital	21 to 58 years	1 year	Rs.15,000
IndusInd	21 to 60 years	2 to 5 years	Rs.25,000
Ujjivan Small Finance	22 to 58 years	NA**	Above the minimum wage limit
India Infoline Finance Limited	25 to 60 years	6 months to 2 years	Rs.35,000
HDBFS	21 to 65 years	1 year to 3 years	Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed
Indian Overseas Bank	Up to 58 years	NA*	Rs.5,000
IDFC First Bank	23 to 68 years	3 years	NA*
Federal Bank	21 - 55 Years	3 years	Rs.25,000
Punjab National Bank	21 – 58 years	2 years for doctors	Rs.15,000
Andhra Bank	21 - 55 years	NA**	NA*
Canara Bank	NA**	NA**	Salaried: Rs.6,000 & above Self-employed - Rs. 1.5 lakh
IDBI Bank	Up to 75 years for Pensioners	NA**	Rs.1.5 lakh p.a.
Fullerton India	21 to 55 years	1 to 2 years	Rs.15,000
RBL Bank	25 to 60 years	1 to 3 years	Rs.25,000
Bank of Baroda	21 to 60 years	1 year to 2 years	60% of gross monthly income
Deutsche Bank	25 to 60 years	NA**	Rs.25,000
Karnataka Bank	NA**	3 years	NA*
United Bank of India	up to 75 Years	2 years	NA*
UCO Bank	21 to 65 years	1 year to 5 years	Rs.20,000

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

PERSONAL LOAN

Interest Rate 9.99%

Salaried Applicants

The minimum age of the applicant should be 21 years.
The maximum age should be 60 years.
The applicants must have three years’ work experience and must receive the salary in their bank accounts only.
The applicants should have a good credit history.
The job location of an individual should be mentioned.
An applier should have a minimum income of INR 25,000 per month.

Click here to know more about- Salaried Applicant

Self-Employed Applicants

The minimum age requirement for an individual is 25 years.
The applicants applying for the personal loan should have the ITR files for the last three years.
If the candidates are businessmen, then the business should be functioning for the past three years.
The credit score of the individual applicants must be good. There should not be any debt behind.
The annual income of the applicants must be a minimum of Rs 2.5 lakh.
The entire documentation process of the personal loan has to show his finances and his bank statement of the previous three months.

Click here to know more – Self-employed Applicant

PERSONAL LOAN

Interest Rate 9.99%

Why Apply for a Personal Loan in Bangalore?

No need to deposit any collateral to the bank.
A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
The amount of a personal loan depends on the individual’s income.
A Personal Loan does not need any guarantor or nominee.

How to apply for a Personal Loan in Bangalore?

Visit www.dialabank.com.
While clicking on the loan section, choose the Personal Loan Bangalore section.
The candidate will be directed to all personal loan details where they can pick their preferred city.
For more information and free guidance regarding a personal loan, call on 9878981166.

PERSONAL LOAN

Interest Rate 9.99%

Processing Fee / Prepayment Charges on Personal Loan in Bangalore

Every Bank and NBFC charges a fee for your Personal Loan application. These charges are 1% of the sanctioned loan amount.

You wish to foreclose your loan before the agreed loan tenure; every lending foundation charges you a penal prepayment fee. In most cases, you do not close your loan before 12 months. After 12 months, the charges will depend on the loan tenure. These charges range from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Bangalore EMI Calculator

You can use a personal loan EMI calculator to calculate EMIs. EMI is an Equated Monthly Instalments that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on your loan is set on. Your EMI is calculated based on the personal loan Interest Rate charged by the bank and the loan amount you have to take, and the loan tenure period for which you enjoy the loan.

CIBIL Score required for Personal Loan Bangalore

Every lending institution has its criteria for the minimum CIBIL score required for processing a Personal Loan application in Bangalore. For example, most foundations require a minimum score of 750 for the processing of your loan application.

The institutions don’t just look after the CIBIL score but also the detailed behaviour on the previous loans that you have taken. This includes details on the type of loan and the loan amount. Any delayed payments for previous loans can act as a hurdle for getting a personal loan.

PERSONAL LOAN

Interest Rate 9.99%

Personal Loan Bangalore Agents/Broker

Dialabank is the leading agent for availing Personal Loan in Bangalore. You can apply online at www.dialabank.com or dial 9878981166.

Dialabank helps you find the best choice of Banks and NBFCs by offering you a detailed market comparison of different banks to make the right option. Visit our website www.dialabank.com and fill a form by filling in your details. Our relationship managers will call you and assist you.

Personal Loan Bangalore Contact Number

For instant help and approval, Call 9878981166, Personal loan Bangalore.

Pre Calculated EMI Table for Personal Loan Bangalore

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

About Bangalore

Bengaluru (also called Bangalore) is the capital of the Karnataka state. The centre of India’s high-tech industry, the city is also known for its parks and nightlife. By Cubbon Park, Vidhana Soudha is a Neo-Dravidian legislative property. Former royal residences include 19th-century Bangalore Palace, modelled after England’s Windsor Castle, and Tipu Sultan’s Summer Palace, an 18th-century teak structure.

FAQs on Personal Loan Bangalore

✅ What is a personal loan?

A personal loan is a type of unsecured loan that a person can avail of based upon their monthly income and CIBIL score. The loan amount available can be used for any personal purpose and need.

✅ How to get a personal loan in Bangalore?

To get a personal loan, you either walk into the nearest bank branch with primary documents like Aadhar Card, PAN Card, Salary Slip/Bank Statement, and ITR file of the last three years.

You can also fill out an inquiry form and apply online at Dialabank’s digital platform for better convenience and personalized assistance.

✅ What is the interest rate for a personal loan in Bangalore?

The interest rates for personal loans is 10.75% per annum. The interest rate depends upon your monthly income, CIBIL Score, loan amount, and loan tenure.