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 Instant Personal Loan in Bangalore - Low Interest Rate

Bajaj Finserv in Bangalore

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 funds from Bajaj Finance Limited who are the personal loan providers in Bangalore, 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 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.
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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If you are looking for a personal loan in Bangalore, the Bajaj Finance Personal Loan is a great option. The minimum salary required to get our personal loan is Rs. 25,001. With features such as instant approval and quick disbursal, this credit option is ideal to manage your urgent financial requirements.

Our reasonable and low personal loan interest rates reduce your total loan cost. Read on to know the fees and charges applicable before you apply for a personal loan from Bajaj Finance Limited in Bangalore.

Type of fee	Applicable charges
Rate of interest	10% to 32% 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	Rs. 700 - Rs. 1,200 per bounce. “Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
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 charge	Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day 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 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-monthly Instalment interest	Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan. Method of recovery of Broken Period Interest/pre-monthly instalment interest: For Term Loan: Deduct from disbursement or added in first EMI, as applicable. For Flexi Term Loan: Added to first instalment amount. For Hybrid Flexi Loan: Added to first instalment amount. Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days.
Switch fee	Up to 0.0118 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.
Cash collection handling charges	Rs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash deposit charges	Customers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices.
Platform Fees	Rs. 11 (inclusive of applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

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

*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 0.13, 0.38, and 40.00% per annum respectively. Part-prepayment and foreclosure charges are NIL. {Average interest rate is higher than max interest rate, because maximum interest rates was reduced effective 02 May 2024 however average interest rate is computed on a volume weighted basis for last quarter (Apr'24 - Jun'24)}

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.

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.

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