Personal Loan (Bangalore)
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Personal Loan?
Personal loan is a type of an unsecured loan. It helps to meet a person’s current financial needs. No need of any security/collateral while availing it. Personal loan gives you the flexibility to use the funds as per your convenience and need.
if someone need instant cash and can be used for travelling, wedding,medical emergency,home renovation,or anything else, you can then simply get your hand on personal loan and you are ready with the money in your pockets.
Personal Loan in Bangalore
A personal loan can be taken by any person who earns more than 20,000/- per month. Regarding having the loan, there are certain requirements to here infilled with, you will be needing the documents of your identity, where you work, salary slips, and also salary account. This loan is flexible and hence to clear your debts and other factors which are more personal to you can be dealt with this.
The city stands third in providing the succulent dining experiences, shopping center, and heavy drinking scenes. It covers a large number of people who have different cultural backgrounds as the more professionals come here to kick start their business. Also known as silicon city Bangalore is a student-friendly, renowned research center and a hub of educational institutions in India. Though the cost of expenses in daily life is fewer people do apply for loans. And hence has grabbed a lot of attention by the banks and NBFC’s to invest more in for the personal loan for the overall development of the city.
To stand in a queue is now not an interest to many people, as life is growing fast people want everything to be done on time and hence prefer at home a declaration of info for the same. Online lending companies are the buddies to these people who want to relax and our in need of some guidance. Our site finbucket gives you the info and also let you know the pros and cons of loan taking, it helps in getting you to an amount which will be good for you in repayment timing.
Finbucket helps you to compare the rates of different banks and here in go with the best one. The documents will remain the same to be attached here like a bank, aadhar card, PAN card, etc.
Personal Loan- Eligibility
There are various banks and NBFC’s which offers personal loan to all applicants fulfilling their basic eligibility criteria. Different banks have different eligibility criteria.
Most of the banks and NBFC’s have common criteria for individuals requesting a personal loan which include:
| Category | Self-Employed | Salaried |
|---|---|---|
| Age | 28 years to 65 years (25 years for doctors) | 23 years to 58 years |
| Income |
|
Rs.17,000 (Rs.25,000 for metro cities) |
| CIBIL Score | Above 750 | Above 750 |
| Loan amount | 75 k(Min)- 15 Lakh (Max) | 75 k(Min)- 20 Lakh (Max) |
Documents required for Personal Loan
Each bank and NBFC has different documentation criteria for the personal loan. These are the common documents which is required by most of the banks and NBFC’s for individual requesting a personal loan include:
| Documents for Salaried Individuals: | Documents for Self-Employed: |
|---|---|
| Proof of Identity: Passport, Driving License, Voters ID or PAN Card | Proof of Identity: Passport, Driving License, Voters ID or PAN Card |
| Proof of Residence:-Passport or utility bills | Proof of Residence:-Passport or utility bills |
| Latest 3 months Bank Statement of Salary Account | Income proof: Audited financials for the last two years. |
| Salary slips for the last 3 months. | Last 6 months Bank statement. |
| Office address proof |
How to apply for Personal Loan
In 4 steps you can easily apply for personal loan in no time
- Firstly, you have to fill a simple application form that will demand your basic personal information given on the site.
- We already have a coordination with 30+ banks/NBFC to get your application to them.
- Compare interest rates on your own and choose the best one for you.
- We will send you an e-approval that your loan application is accepted within 24-48 hours and the amount will be credited to your account.
Personal Loan Interest Rates Table
| Bank Name | Interest Rates |
|---|---|
| SBI | 12.5% to 16.5% p.a. |
| ICICI | 11.59% to 18.49% p.a. |
| Axis Bank | 15.50% to 24% p.a. |
| HDFC Bank | 15.75% to 20% p.a |
| Citibank | 14.25% to 19.99% p.a. |
| Standard Chartered | 11.99% to 17% p.a. |
| TATA Capital | 13.99% to 17.5% p.a. |
| Oriental Bank | 11.20% to 12.95% p.a. |
| Capital First | 13% to 18.45% p.a. |
| Indusind Bank | 11.25% to 26% p.a |
| Fullerton India | 21% to 40% p.a. |
| Kotak Mahindra | 11.5% to 24% p.a. |
| Aditya Birla | 14% to 16% p.a. |
Testimonials
Some of our Awesome Testimonials
“I had to just fill my personal loan form at FinBucket. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me.”
Nitin Bhatia, COO,
CaterWow Private. Limited
“I had taken loan for the first time online. Instant assistance and patience from team FinBucket helped me apply and get loan easily at Bangalore.”
Shikha Bhatia,
Founder, Shiksha Learning Academy
“I am very satisfied with the services and business relation with FinBucket. It was easy and simple to get any information regarding loan in Bangalore.”