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

Bank Interest Rates
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%
Axis Bank 2.00% Nil
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

About Bangalore

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

  • Identity proof
  • 3 to 6 months Bank statements
  • Residence proof
  • Salary slip
  • Guarantors & their same set of documents

In case of Self Employed

  • Balance Sheets
  • Profit & Loss Account
  • Partnership Deed & other mandatory documents etc.