How to get a personal loan immediately in Bangalore?

You can get an unsecured loan in Bangalore by researching lenders, meeting the eligibility criteria set by the lender, and gathering all the paperwork required. Follow these simple steps to apply for a Bajaj Finance Personal Loan: Visit the personal loan page and click on ‘APPLY’ Enter your mobile number and OTP. Fill in the application form with your basic details and click on’ PROCEED’ Enter the loan amount and tenure you need. Choose from our three unique variants- Term, Flexi Term, and Flexi Hybrid. Complete your KYC and submit your application.

What requirements must one meet to be eligible for a personal loan in Bangalore?

The eligibility criteria for personal loans in Bangalore vary from one lender to another, with each institution setting its own specific requirements. Bajaj Finance Personal Loans are available to anyone who meets the basic criteria listed below: Nationality: Indian Age: 21 years to 80 years*. Employed with: Public, private, or MNC. CIBIL score: 685 or higher. Monthly salary: Starting Rs. 25,001, based on the city you live in. *You should be 80 years* or younger, at the end of the loan tenure .

Apply for Personal Loan in Bangalore Starting from @ 16%* Rate

Instant Personal loan in Bangalore

Bangalore, officially known as Bengaluru, is Karnataka’s capital and a major hub for information technology and education. Known as the Silicon Valley of India, it hosts top IT firms, research institutes, and a thriving startup ecosystem. The city’s economy is primarily driven by the IT sector, employing over 1.5 million professionals, followed by a growing FMCG market.

For those seeking financial assistance, Bajaj Finance offers the best personal loan in Bangalore, catering to diverse needs like education, medical emergencies, or home renovation. You can also avail of an instant loan in Bangalore with quick approval and minimal documentation.

Zero hidden rates

Read our terms and conditions and be assured of 100% transparency.
Flexi loans

With the Flexi loan facility, manage your repayment with ease and reduce EMIs by up to 45%*.
Instant approval

No need to worry about accessing funds during emergencies. Receive instant loan approval on your application online.
Manage account online

View loan details, get essential documents, make payments and more online. Simply log in to our customer portal - My Account.
High loan value

Once eligible, you can apply for collateral-free loans of up to Rs. 55 lakh.
Minimal documents

Submit just a few essential documents and meet all personal loan eligibility criteria to avail of the funds you need.
Get Money in 24 hours*

Get your personal loan in your account within 24 hours only.

Meeting the required eligibility criteria is essential for a smooth and quick personal loan approval process. Ensure you have valid documents ready, as any incorrect submission may lead to rejection. Use the personal loan eligibility calculator to check your eligibility instantly.

Nationality

Indian, resident of India
Employment

Must be a salaried employee at a reputed MNC or a private/ public limited company
Credit score

Above 685
Age

Between 21 years to 80 years*
Income

Minimum salary requirement is Rs. 35,000 per month. Refer to our eligibility page for other details

Uses of personal loan in Bangalore

A personal loan in Bangalore offers flexible funding for various needs. Whether you are planning a holiday, preparing for a wedding, or tackling home expenses, a personal loan can help you manage costs. Here are some common uses for personal loans:

Personal loan for travel: You can apply for a personal loan for travel to cover travel costs and enjoy your trip without financial stress.
Personal loan for marriage: A personal loan for wedding can ease the burden of wedding expenses, allowing you to celebrate the special day in style.
Personal loan for higher education: Use a personal loan for higher education to fund your studies, whether locally or abroad.
Personal loan for medical emergency: If you face an unforeseen medical emergency, a personal loan for medical emergency ensures you get immediate financial support.
Personal loan for home expenses: A personal loan for home expenses can cover home repairs, renovations, or upgrades.

These loans are designed to offer quick, accessible solutions to help you with various financial requirements.

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Before applying for a personal loan in Bangalore, ensure you have all the required documents for personal loan approval. Proper documentation expedites the loan process and minimises delays.

KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months
Piped gas bill
Pension order
Letter of Allotment of Accommodation Issued by Employer
Property / Municipal tax receipt
Utility bill
Real-time image / photograph
Ration card

Age: 21 years to 80 years*
*Higher age limit applicable at the time of loan maturity.

Use the interest calculator to get accurate repayment details based on the latest rates for a personal loan. It helps you plan better with competitive interest rates and manage your loan efficiently, ensuring lower EMIs. By understanding the fees and charges, you can make informed decisions and comfortably repay your loan.

Type of fee	Applicable charges
Rate of interest	16% to 31% p.a.
Processing fees	Up to 3.93% (Inclusive of applicable taxes) of the loan amount.
Flexi Facility Charge	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the above Flexi facility charges are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	Up to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) Dishonor of any payment instrument; or (ii) Non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.
Pre-payment charges	Full Pre-payment: Foreclosure can be processed post clearance of first EMIs. •Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment. •Flexi Term Loan (Flexi Dropline): Up 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment. •Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment. Part Pre-payment: •Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment. •Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan.
Penal charge	Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)	Payable as per state laws and deducted upfront from loan amount.
Annual maintenance charges	Term Loan: Not Applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges Flexi Hybrid Term Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit during Initial Tenure. Up to 0.295% (Inclusive of applicable taxes) of Dropline limit during Subsequent Tenure
Principal Holiday Facility Fees	Up to Rs.1999/- for loan amount less than Rs.2,00,000 Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999 Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999 Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999 Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999 Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999 Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999 Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999 Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount *(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

To apply for a personal loan in Bangalore, follow these simple steps for a hassle-free process:

Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
Enter your 10-digit mobile number and the OTP sent to your phone.
Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
Now, click on ‘PROCEED’ to visit the loan selection page.
Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents

Frequently Asked Questions

You can get an unsecured loan in Bangalore by researching lenders, meeting the eligibility criteria set by the lender, and gathering all the paperwork required. Follow these simple steps to apply for a Bajaj Finance Personal Loan:

Visit the personal loan page and click on ‘APPLY’
Enter your mobile number and OTP.
Fill in the application form with your basic details and click on’ PROCEED’
Enter the loan amount and tenure you need. Choose from our three unique variants- Term, Flexi Term, and Flexi Hybrid.
Complete your KYC and submit your application.

A Bajaj Finance Personal Loan requires a minimum salary of Rs. 25,001. However, it may differ depending on where you live.

The eligibility criteria for personal loans in Bangalore vary from one lender to another, with each institution setting its own specific requirements. Bajaj Finance Personal Loans are available to anyone who meets the basic criteria listed below:

Nationality: Indian
Age: 21 years to 80 years*.
Employed with: Public, private, or MNC.
CIBIL score: 685 or higher.
Monthly salary: Starting Rs. 25,001, based on the city you live in.

*You should be 80 years* or younger, at the end of the loan tenure.

Failure to repay an unsecured personal loan in Bangalore on time can have serious implications. Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 8 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

The most suitable credit score for obtaining personal loans in Bangalore varies per lender. To qualify for a Bajaj Finance Personal Loan, you must have a CIBIL score of 685 or more.

The amount of personal loan you can get depends upon several factors including your salary, such as your credit score, repayment history, credit history, and so on.

You need to submit income-proof to get our personal loan. Select customers with a pre-approved offer may not have to submit any documents.

Yes, it is possible, but the loan amount may be limited. Lenders consider other factors such as credit score and employment stability.

The process can take anywhere from a few hours to a few days, depending on the lender and the completeness of the application.

No, you generally need to submit required documents like identity proof, income proof, and address proof to apply for a personal loan.

You can get personal loans without income proof, but alternative documents like bank statements or collateral may be required for approval.

A CIBIL score of 685 or higher is required to get personal loan in Bangalore.

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