Personal Loan in Bangalore

Personal Loan Offers in Bangalore

*Applicable for selected customers

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Personal Loan Features

• Personal Loan interest rates in Bangalore usually start @10. 49% p.a. onwards
• Loan Amount offered is up to Rs 40 lakh
• Loan tenure is generally up to 5 years; may range up to 7 years for some banks/NBFCs
• Some lenders offer pre-approved instant personal loans in Bangalore to their select customers having good credit profile
• No end usage restriction except for speculative purposes
• Processing charges are usually up to 4% of loan amount
• No collateral security is required

Income Requirements for Personal Loan in Bangalore

Minimum Monthly Income: Rs 15,000 for salaried applicants; can be higher for a few Banks/NBFCs

Eligibility for Personal Loan in Bangalore

• Minimum age at the time of loan application should be 21 years
• The applicant should be salaried, self-employed professionals and self-employed non-professionals, employees of public and private sector companies, employees of State/Central/Local Government
• Nationality: Resident Indian
• Credit score should be 750 and above to increase the chances of availing personal loan

Documents Required for Personal Loan in Bangalore

• Application form with photographs attached
• ID Proof- PAN Card/Aadhaar Card/Voter ID/Passport/Driving License
• Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
• Address Proof- Voter ID/Aadhar Card/copy of ration card/gas connection bills/ electricity bills/Passport/ Driving License
• Salary certificates/salary slips for last 3 months
• Form 16/Income Tax Returns for last 3 years
• Bank account statement for past 6 months