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 an Instant Personal Loan Online in Bangalore Up to Rs. 40 Lakh

Bajaj Finserv in your city

Officially known as Bengaluru, Bangalore is Karnataka's largest city and its capital. It is known as the Silicon Valley of India for being the foremost hub of information technology in the country.

Residents of Bangalore can get a personal loan from Bajaj Finserv to cater to their diverse financial needs. Apply online or walk into any of our six branches in the city to get the funds you need.

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 immediate 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. 40 lakh.
Minimal documents

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

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

Among the important Indian metropolitan cities, Bangalore houses the headquarters of various Indian technological organisations. The city is also known for its academic opportunities as it has several renowned educational and research institutes. The IT sector is the city's economic driver and employs around 1.5 million people. The FMCG market is the next biggest contributor.

A personal loan in Bangalore can come to the aid of those with an urgent financial need or with high-value planned expenses. With lenders like Bajaj Finserv, be assured of maximum facilities and a 100% transparent policy. No hidden rates are levied on the unsecured loan, ensuring its affordability. If you are an existing customer, you can also look for pre-approved offers and simplify the loan application process.

*Conditions apply

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Type of fee	Applicable charges
Rate of interest	11% to 35% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee	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 Flexi charges above are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied.
Pre-payment charges	Full Prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid. *Foreclosure will be processed post clearance of first EMI
Penal Interest	Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment.
Stamp duty	Payable as per state laws and deducted upfront from loan amount.
Mandate registration charges	Re. 1 (inclusive of applicable taxes) applicable in case of UPI mandate registration.
Mandate rejection charges	Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.
Annual maintenance charges	Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken Period Interest/ Pre-EMI Interest	Broken period interest/ Pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios: Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, broken period interest is recovered by the following methods: For Term Loan: Deducted from the loan disbursement For Flexi Term Loan: Added to the first instalment For Flexi Hybrid Loan: Added to the first instalment Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, the interest rate is charged only for the actual number of days since the loan was disbursed.
Switch fee	Up to 1.18% of the loan amount (inclusive of applicable taxes). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable.

*Terms and conditions apply.

For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 35%, and 34.45% per annum respectively. Part pre-payment and Foreclosure charges are NIL.

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. When you fail to make an EMI payment, you are assessed a bounce fee. Bajaj Finance charges between Rs. 700 and Rs. 1,200 (all charges included). In the event of a late payment or EMI default, penal interest will be charged at a rate of 3.50%.

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.

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