Personal Loan in Bangalore

Top Banks Offering Personal Loan in Bangalore

Bank NameMain Branch AddressRate of Interest
State Bank of India (SBI)No 4/3, Opp Axis Bank, Sultanpalya Main Road, R T Nagar, Bengaluru, Karnataka 56003211.45% - 14.90%
HDFCNo.68, 6th Main Road, Behind Uma Theatre, Appu Rao Road, Raghavendra Colony, Chamrajpet, Bengaluru, Karnataka 56001810.75% - 21.45%
ICICINo, 947, 12th Main Rd, HAL 2nd Stage, Appareddipalya, Indiranagar, Bengaluru, Karnataka 56003810.99% - 18.49%
Punjab National Bank17th B H Main Rd, 5th Block, Koramangala, Bengaluru, Karnataka 5600959.95% - 13.50%
Bank of IndiaNo. 400, 2nd Main, 1st Block, Behind Bata Showroom, RT Nagar, Bengaluru, Karnataka 56003211.70% - 13.70%
Bank of Baroda 103/104, Abhay Maniso, Devasandra Main Road, Near-Veenu Gopal Temple, K R Puram, Kodigehalli Main Rd, Bengaluru, Karnataka 56003611.40% - 16.40%
Central Bank of India10th Main Rd, Sector 7, HSR Layout, Bengaluru, Karnataka 56010210.25% - 12.20%
IDBI Bank14, 7th Main Rd, Subbannaiah Palya, Banswadi, Bengaluru, Karnataka 5600339.65% - 14.00%

Personal Loan Bangalore Interest Rate

Interest Rates9.35% - 33.00%
Processing Fee1%-2.00% of the loan amount+GST
Pre-payment Charges3%-5.00% of the principal outstanding+GST
Repayment Period Upto 5 Years
Lowest EMI ₹2,204-2,935 (per Lakh)

Personal Loan Bangalore Calculator

Before cracking the deal for a personal loan, it is important that you should also be aware of a personal loan EMI calculator online. Yes, this smart, time-saving and effective tool is here to make your journey smooth by allowing you to know your EMIs in a hassle-free manner. By taking into consideration the loan amount, interest rate and tenure, this device churns out the results for you within few seconds. Let’s just take the help of an example below to know more about it.

Suppose, Ankit Aggarwal, a Sales Manager by profession is looking to avail a personal loan of ₹5 Lakh so as to renovate his home, thus he applied for the same in one bank. The best part is that one lender has agreed to offer him the same amount at an interest rate of 14.35% per annum for a tenure of 4 years. But before saying yes to the lender, Ankit decided to use the calculator so as to know the exact calculations of his EMIs and interest outgo. Just take a look at the table below to know about the calculations.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00014.35%1₹ 44,976₹ 39,711₹ 5,39,711
₹ 5,00,00014.35%2₹ 24,089₹ 78,141₹ 5,78,141
₹ 5,00,00014.35%3₹ 17,174₹ 1,18,262₹ 6,18,262
₹ 5,00,00014.35%4₹ 13,751₹ 1,60,057₹ 6,60,057

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 99,649₹ 65,365₹ 4,00,350
2₹ 1,14,928₹ 50,086₹ 2,85,422
3₹ 1,32,549₹ 32,465₹ 1,52,872
4₹ 1,53,035₹ 12,142₹ 0

Eligibility Criteria

Personal Loan Bangalore Salaried

Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer:1 Year


Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in Same Profession: 3 Years

Documents Required

  • Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
  • Address Proof- Utility bill/Passport/Aadhar card/Voter ID
  • Income Proof- Latest Salary Slip/ ITR/Form-16
  • Bank Statement- Last 3-6 Month Bank Statement

About Unsecured Personal Loan in Bangalore

The capital of India’s Southern Karnataka State, the city of Bangalore is not only known for its scintillating nightlife but is also popular for being a hub of leading IT companies and banks. This city grabs the attention of many career oriented professionals,and when they are in urgent need of funds, say looking for an unsecured personal loan, plenty of banks are in the city, fulfilling their needs instantly.

Fulfill your personal needs by getting the required funds for the same instantly. What, looking confused? Well, we are talking about personal loan as it is the best solution that you can have. Usually, offered by many lenders in the city, availing a personal loan is an easy and hassle-free process. It comes to you with unlimited benefits and features and serves your purpose immediately.

Personal Loan in Bangalore from Kotak Mahindra

Want to avail a personal loan from Kotak Mahindra Bank in Bangalore? Well, nothing to worry as you can easily avail for the same online. With the help of an online facility, it is quick and easy to apply for this credit facility, right from the comfort of your home. Else, you can also pay a visit to the bank nearby your location to get this unsecured loan from Kotak. However, on some reliable sites like Wishfin, you can also compare and check personal loan interest rates online before applying for a loan.

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  • Personal Loan Interest Rates January 2020
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%