Personal Loan Bangolore
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Personal Loan Bangalore details
|Interest rates||11.49% – 26.00%|
|Processing fees||0.99% – 3.00%|
|Pre payment Charges||Nil – 5.00%|
|Repayment Period||Upto 7 years|
|Cibil Score||Min. 750|
|Lowest EMI||Rs. 2199.26 per lac|
Personal Loan Interest Rates 2017
|HDFC Bank||11.29 - 19.50%|
|ICICI Bank||11.29 - 17.99%|
|Bajaj Finserv||11.49 - 16.00%|
|Fullerton India||19.50 - 37.00%|
|Kotak Mahindra||11.50 - 20.00%|
|IndusInd Bank||12.99 - 17.00%|
|Standard Chartered||11.99 - 15.00%|
Processing fees/prepayment charges
|Banks||Processing Fee||Pre Payment Charges|
|Bajaj Finserv||Upto 2.00%||Upto 4% post 1st EMI clearance|
|ICICI Bank||0.8% - 2.00%||Zero or 5.00%|
|Kotak||1.5 - 2.00%||5.00%|
|HDFC Bank||0.8% - 2.00%||4.00%|
|Fullerton India||N.A||Upto 7.00%, 0% after 3 year|
Bangalore is the capital and the largest city of the Indian state of Karnataka. It is also called “Garden City” for its beautiful gardens, flowers and trees which flourish in each and every street. It is India’s fifth largest city and India’s fifth largest metropolitan area, with a 2001 population of about 6.5 million.
Bangalore district’s population ballooned 46.68 per cent over the past decade to around 9.59 million in 2011. The district today houses over 15.69% of the state’s population. This, despite the thrust of the state on deflecting growth towards tier II and tier III cities in the state. Today, 4,378 persons cram every square kilometer space of the district.
Known as Silicon Valley of India, Bangalore has attracted a large number of multi-nationals to open their offices. Better opportunity and handsome salary has converted this city to a preferred choice among IT professionals across India. As a result of this migration property rates have become dearer and dearer which ultimately turned to high rentals as well.
Even though the city has a large number of high mid income group but due to increase in demand sometimes we realize shortfall of funds to meet the expenses. Old loans with high interest rate taken in haste, causes a hole in our pocket. In order to repay this interest burden, one may opt for personal loan.
Eligibility Or Loan Amount in Bangalore
Depends on your Credit Score, Bank Policies, Company in which you are working, your Income or salary, Area in which you are live, Work experience etc. Or better to pay your credit cards or loan amounts on time to get more loan amount from banks at the time of apply new personal loans.
Documents requirement for Personal Loans Bangalore
Following documents are required by financial institutions to process the loan application
In case of Salaried
In case of Self Employed