Personal Loan in Bangalore in 1 Day @10.45% Onwards
Quikkloan offers a free service and therefore, we do not charge any fee from customers
√ Instant Personal Loan Approval
√ 100% Online Process
√ No Hidden Charges
√ Minimum Documentation Process
Instant Online Personal Loan in Bangalore
We deliver financial happiness to our customers. 100% Online Process | No Branch Visits | No Hidden Charges | Minimum Documentation Process
Get Personal Loan in |
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How it Works!
Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.
Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years
Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque
Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation
Top Banks
Offering Lowest Personal Loan Interest Rates in Bangalore
|
Lenders |
Interest Rates |
Loan Amount |
Tenure |
Processing Fee |
Apply Online |
|
SBI |
9.60% to 13.60% per annum |
Up to 15 Lakh |
Up to 5 Years |
Nil – 1% of the Loan Amount + GST |
|
|
ICICI |
11.25% to 22.00% per annum |
Up to 20 Lakh |
Up to 5 Years |
Up to 2.25% of loan amount+GST |
|
|
HDFC |
10.75% to 21.30% per annum |
Up to 15 Lakh |
Up to 5 Years |
Up to 2.50% of the loan amount |
|
|
Axis Bank |
12%-24% per annum |
Up to 15 Lakh |
Up to 5 Years |
As applicable by the bank |
|
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Kotak Bank |
10.99%-24% per annum |
Up to Rs.15 Lakh |
Up to 5 Years |
Upto 2.50% of loan amount + GST |
|
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YES Bank |
10.99% per annum |
Up to Rs.40 Lakh |
Up to 5 Years |
Up to 2.50% of the loan amount +GST |
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Tata Capital |
10.99% per annum |
Up to Rs.25 Lakh |
Up to 6 Years |
Up to 2.50% of the loan amount+GST |
|
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IDFC Bank |
As applicable by the bank |
Up to Rs.25 Lakh |
Up to 5 Years |
3.50% of the loan amount |
|
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IndusInd Bank |
11.25% per annum |
Up to Rs.15 Lakh |
Up to 5 Years |
Up to 2.50% of the loan amount+GST |
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DCB Bank |
10.22% per annum (one year MCLR) |
Up to Rs.5 Lakh |
Up to 5 Years |
2% of the loan amount+GST |
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Bajaj Finserv |
12.99% per annum |
Up to Rs.25 Lakh |
Up to 5 Years |
Up to 4.13% of the loan amount+GST |
|
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Aditya Birla Finance |
14%-26% per annum |
Up to Rs.50 Lakh |
Up to 5 Years |
Up to 2% of the loan amount+GST |
|
|
IIFL |
16% per annum |
Up to Rs.25 Lakh |
Up to 5 Years |
Up to 2% of the loan amount+GST |
|
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HDB Financials |
Up to 36% per annum |
Up to Rs.20 Lakh |
Up to 5 Years |
Up to 2 % of the loan amount |
|
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Fullerton India |
12.99%-36% per annum |
Up to Rs.25 Lakh |
Up to 5 Years |
Up to 3% of the loan amount |
Apply Now |
Personal Loan Eligibility in Bangalore
|
Eligibility Criteria |
Salaried |
Self-employed |
|
Minimum Age |
21 |
24 |
|
Maximum Age |
58 |
65 |
|
Minimum Income |
Rs.35,000 monthly |
Rs.2 lakh(annual) |
|
Credit/Cibil Score |
Above 750(out of 900) |
Above 750(out of 900) |
|
Minimum Job/Business Stability |
1-2 Years |
2-3 Years |
|
Minimum Work/Business Experience |
1-2 Years |
3 Years |
|
Minimum Profit After Tax |
NA |
Rs.1-2 lakh(annual) |
Personal Loan in Bangalore at a Glance
|
Particulars |
Details |
|
Interest Rates |
Starting at 10.99% per annum |
|
Loan Amount |
From Rs.1,00,000-Rs.25,00,000 |
|
Tenure |
Up to 5 Years |
|
Processing Fee |
1.50%-2.50% of the loan amount+GST |
|
Minimum Monthly Income |
Rs.35,000 |
|
Cibil Score |
Above 750 (out of 900) |
|
Prepayment/Foreclosure Charges |
2%-6% of the principal outstanding +GST |
Personal Loan in Bangalore?
A Personal Loan in Bangalore can be availed for unplanned and emergency expenses in case of a shortage of funds. It is an unsecured loan that requires no collateral/security and can be availed at lower interest rates with minimal KYC documentation. A number of financial institutions including private and nationalized banks and Non-banking Financial Companies (NBFCs) offer instant and easy personal loans at the lowest interest rates. Those who are looking for a personal loan in Bangalore should know more about this unsecured loan. The loan amount ranges from Rs.25,000-Rs.20,00,000, for a maximum tenure of up to 5 to 6 years. Both salaried and self-employed individuals can apply for the best personal loan offers in Bangalore, according to their eligibility.
Top 10 Reasons to Apply for a Personal Loan
This unsecured personal loan comes handy to fulfill various purposes such as:
- Wedding: The wedding/marriage expenses are now covered under a personal loan. You can avail this loan for a maximum amount of up to Rs.20 lakh to meet your purpose.
- Travel/Holiday:Now plan your travel either solo or with family or friends without worrying about the money. Personal loan gives wings to your instant/planned travel.
- Festival/Holiday: Let the celebrations begin without money being a roadblock as personal loans can also be availed to enjoy the festivities. Relax as your holidays are also covered in a Personal loan.
- Credit Card Debt: Clear all your debt and make your credit card free by availing a personal loan at an attractive interest rates.
- Repaying an existing loan:Reduce your financial burden and give your pocket a relief by applying an instant personal loan to repay your existing loan.
- Home Renovation: Give your home a beautiful makeover without hurting your wallet as a personal loan comes in handy for home renovation.
- Medical Emergency: Do not let your health suffer as personal loan covers all your emergency needs.
- Child Education: Be a helping hand in your child’s higher education by availing a personal loan for an amount of up to Rs.20 lakh.
- Consumer Durable/s: Your favorite electronic is now pocket-friendly as a personal loan is here.
- Tuition/Course Fee: If money is the biggest hurdle in your future, let a personal loan be your best friend by offering you short-term loans to meet the purpose.
How to Apply for Personal Loan in Bangalore?
Applying for a personal loan is absolutely easy with an online mode. Yes, the online mode is really simple, quick and secure hence is preferred by many. In just a few easy steps you would be able to apply for a loan hence can get the required funds instantly. The process starts when a borrower sends an online application and on meeting the eligibility criteria gets instant approval and the fastest disbursal of the loan amount.
Steps to Apply for Personal Loan in Bangalore
Step 1: Fill Loan Query Form
Step 2: Get the Quotes
Step 3: Submit the Required Documents
Step 4: Get Instant Approval & Disbursal
CIBIL Score Required for Personal Loan in Bangalore
In the case of a personal loan, a score of 750 or above out of 900 is preferred by the lenders. It is advisable to maintain a fair score and keep your credit profile always in check. Start by reviewing your credit history and analyze it before applying for personal loans. A Credit score can be improved with time
Minimum Salary Required to Avail Personal Loan in Bangalore
An applicant needs to earn Rs.35,000 monthly to apply for personal loans in Bangalore. With a good income, it is easy for a borrower to repay the loan without any default. Yes, a higher income is an indication that a laon can easily be repaid as a borrower can easily manage his monthly expenses hence can save enough money for future loan repayments. This is the reason why lenders always check the monthly income of the borrower just to be sure about loan repayment.
Personal Loan EMI Calculator
A big confusion is going on in your mind related to EMI? Don’t worry as a personal loan EMI calculator online takes all your worries away. This smart, easy-to-use and secure device lets you know the accurate calculations of your EMIs in the fastest manner. This tool will churn out the values for you, the moment you enter:
-
- Loan Amount
- Tenure
- Interest Rate
Soon you enter the credentials above, the device with its well-designed algorithms fetches the exact values of not only your monthly installment but Interest Outgo and Total Amount Payable also. Hence, ensures that you take a calculative decision as far as availing a loan is concerned.
Let’s take the help of an example and understand the functioning of the device below.
Suppose, a person has taken a loan of Rs. 16 lakh at an interest rate of 16.50% per annum for a tenure of up to 5 years. What would be the exact amount of EMI, he needs to give away to his lender every month? Know by looking at the EMI table below.
Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|
Loan Amount (in Rs.) |
Interest Rate(per annum) |
Tenure (in Years) |
EMI (in Rs.) |
Total Interest Amount(in Rs.) |
Total Amount= Principal +Interest (in Rs.) |
|
14,00,000 |
12.20% |
1 |
1,24,519 |
94,232 |
14,94,232 |
|
14,00,000 |
12.20% |
2 |
66,034 |
1,84,809 |
15,84,809 |
|
14,00,000 |
12.20% |
3 |
46,634 |
2,78,820 |
16,78,820 |
|
14,00,000 |
12.20% |
4 |
37,005 |
3,76,240 |
17,76,240 |
|
14,00,000 |
12.20% |
5 |
31,284 |
4,77,034 |
18,77,034 |
Table Showing Principal, Interest and Balance Amount
|
Year |
Principal (in Rs.) |
Interest(in Rs.) |
Balance Amount(in Rs.) |
|
1 |
2,16,444 |
1,58,962 |
11,83,555 |
|
2 |
2,44,378 |
1,31,028 |
9,39,176 |
|
3 |
2,75,917 |
99,489 |
6,63,259 |
|
4 |
3,11,527 |
63,880 |
3,51,732 |
|
5 |
3,52,047 |
23,675 |
0 |
Personal Loan Fee & Charges
We don’t charge any fee from Customers.When it comes to a processing fee. Banks deduct a processing fee of 0.5% to 1 % from your loan amount itself.
Personal Loan in Bangalore
If we talk about Bangalore, it is officially known as Bengaluru, the capital city of Karnataka. With a population of over 10 million, the city has one of the most educated workforces in the country and is the second fastest-growing major metro of India. Bangalore has evolved from the “Garden City” to the “Silicon Valley” of India owing to the unprecedented growth of IT companies set-up in the city. Major Indian organisations such as ISRO, Infosys, Wipro and Hindustan Aeronautics Limited (HAL) have their headquarters in the city. Well, which means a large part of the population has young working professionals, falling into different income slabs. And, to support their income and lessen the financial burden, many renowned banks and NBFCs are always there. That’s right! For people living in Bangalore, financial institutions like Quikkloan with their instant approval and fastest disbursals fulfill all your financial needs in the best way.
Feature & Benefit Of Personal Loan
The Best feature and benefit Of a Personal loan
Instant Approval: Apply Online for Personal Loan in Bangalore and get Instant Loan e-Approval & Disbursal in 1 Day.
Fastest Disbursals: Looking For Personal Loan in Bangalore – Get Disbursal in just 1 Day.
No Collateral/Security: No Need of Collateral for Personal Loan in Bangalore.
Minimal Documentation: Loan Decessiong is based on a minimum documentation process of PAN, Aadhaar, Address Proof & Income Proof.
Multi Purpose Loan: A borrower can avail an urgent loan in Bangalore for various reasons.
Hassle-free Process: We offer Hassel free Process to provide personal loan from the different best lenders.
Documents Required For Personal Loan
Mentioned are the personal loan documents for salaried and self-employed.
Complete Online Application
Fillup the Online loan Application in just 2 minutes
Provide Identity Proof
Voter id/ Passport/ Driving License / Aadhaar Card
Address Proof
Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card
Bank Statement
Latest 3 Months Bank Statement or Passbook
Income Proof
For Salaried – Latest 3-month Salary Slip
For Self Employed – ITR and Current Bank Statement of 3 months
Frequently Questions
How Much Personal Loan Can I Get in Bangalore?
You can get a personal loan up to Rs.25,00,000, depending on your personal loan eligibility. However, some lenders also offer a maximum loan amount of up to Rs.25-30 lakhs after taking into the consideration factors like: income, repayment capacity, credit score, etc.
How Early I Can Get a Personal Loan?
Usually, a personal loan can be disbursed within 3-7 working days, in case of medical emergency, it can be disbursed within 24 hours.
What is the Tenure for a Personal Loan?
A borrower can choose to repay the loan in 1-5 Years, depending upon his/her needs.
What is a Processing Fee and How Much Banks Charge on a Personal Loan?
A processing fee is a one-time, non-refundable fee, charged by the banks at the time of availing a loan. Banks charge a processing fee of 1.50%-2.50% of the loan amount+GST.
Are There Any Additional Charges for Personal Loan?
Yes, only when you opt for it.
PrePayment/Foreclosure: In case you want to pre-close your personal loan before the set tenure/repayment schedule, you need to bear the charges for the same. For Prepayment/foreclosure, lenders charge 2%-6% of the principal outstanding+GST. One can opt for this facility, after 9 or 12 months of EMIs payments.
PartPayment: A borrower can also opt for part payment, wherein he/she can pay a certain portion of a loan in one-go and reduce the burden. In case of availing a part payment, 2% charge+GST is applicable on the part payment amount.
How Can I Calculate My EMIs?
With Personal Loan EMI Calculator, it is quick and easy to know the exact EMIs you need to pay to the lender. Simply enter-Interest Rates, Loan Amount and Tenure and based on your input, the calculator will let you know the EMIs.
What is Personal Loan Balance Transfer and How Can I Avail It?
A personal loan balance transfer is a facility, wherein a borrower can transfer the balance loan amount (amount left to be paid) of existing lender to new lender. You can avail this facility after paying 9 or 12 EMIs in your existing bank.
After opting for a balance transfer, you are liable to a new lender and have to pay a one-time processing of 2%-2.50% of the loan amount+GST. However, a Balance Transfer can be availed to enjoy lower interest rates offered by a new lender, that can minimize your loan repayment burden.