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Last updated on: July 10, 2025

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Personal Loans in Bangalore - Lowest Interest rates from 10.49%

Achieve your financial goals with secure and convenient personal loans in Bengaluru. Access funds for various needs with ease.

Personal Loan in Bangalore

Bangalore, officially known as Bengaluru, is the capital city of the Indian state of Karnataka. Often referred to as the “Silicon Valley of India,” Bangalore is a major hub for technology, innovation, and IT companies. The city enjoys a moderate climate throughout the year with mild winters and relatively cool summers.

The thriving IT sector and climate plays major role in Bangalore occupying No 1 Place to migrate in India for years. The city’s ability to attract heavy investments, foster startup, and providing a thriving ecosystem for the IT companies to flourish contributed to its status as India’s most prominent cities. If you would require personal loan in Bangalore, there are numerous options available. In this article, we will see around the features of Personal Loan in Bangalore and how to apply for it.

Features of Personal Loan in Bangalore

  • Unsecured Nature: Personal loans are typically unsecured loans, which mean you don’t need to provide any collateral or security to avail of the loan.

  • Flexible Use: You can use the loan for a variety of purposes like education, medical emergency, home renovation, and a number of other purposes

  • Loan Amount: The loan you receive depends on variety of factors such as your income, creditworthiness. The personal loan amounts ranges from a few thousand rupees to several lakhs

  • Repayment: Personal Loan comes with flexible repayment tenure, ranging from 1-5 years, allowing you to choose the tenure that fits your repaying ability

  • Quick Disbursement: The personal application process is quick and hassle free and you will receive a instant approval and quick disbursement if your documents are in order

Bank Interest rates for Personal Loan in Bangalore

Comparison of Personal Loan Interest Rates of Banks (2025)

BankInterest RateLoan AmountProcessing FeeProcessing TimeApply
DBS Bank10.99% – 30.00%₹25,000 to ₹15 Lakhs1%–3% + GST24–48 hrsApply
HDFC Bank10.90% – 24.00%₹50,000 to ₹40 LakhsUp to ₹6,500 + GST (~1–3%)24–48 hrsApply
Axis BankFrom ~11.25%₹50,000 to ₹15 Lakhs1.5%–2% + GST24–72 hrsApply
ICICI Bank10.80% – 16.65%Up to ₹50 Lakhs0.5%–2% + GST24–48 hrsApply
Bank of Baroda10.49% – 18.75%₹30,000 to ₹20 LakhsUp to 2% + GST48–72 hrsApply
SBI10.30% – 15.30%₹10,000 to ₹35 LakhsUp to 1.5% + GST2–3 working daysApply
IndusInd BankFrom 10.49%₹30,000 to ₹50 LakhsUp to 3.5% (2% online) + GST24–48 hrsApply
Yes Bank10.99% – 21%₹100,000 to ₹40 LakhsUp to 2.5% + GST24–48 hrsApply
Standard Chartered11.49% – 17%₹1 Lakh to ₹50 LakhsUp to 2.25% + GST48–72 hrsApply
IDFC FIRST Bank9.99% – ~10.75%₹1 Lakh to ₹50 LakhsUp to 3.5% + GST24–48 hrsApply
Kotak Mahindra BankFrom 10.99%₹50,000 to ₹40 Lakhs1%–2.5% + GST24–48 hrsApply
Punjab National Bank11.50% – 17.05%Up to ₹20 LakhsUp to 1% + GST2–3 daysApply
Bandhan Bank10.50% – 12.55%₹50,000 to ₹25 LakhsUp to 3% + GST48–72 hrsApply

Comparison of Personal Loan Interest Rates of NBFCs (2025)

NBFCInterest RateLoan AmountProcessing FeeProcessing TimeApply
Piramal FinanceFrom 12.99%Up to ₹35 Lakhs2%–3% + GST24–72 hrsApply
Shriram FinanceFrom 14%Up to ₹35 LakhsUp to 3% + GST2–3 daysApply
Tata CapitalFrom 10.99%Up to ₹35 LakhsUp to 2.5% + GST24–48 hrsApply
InCredFrom 18%Up to ₹10 Lakhs2%–4% + GSTInstant to 24 hrsApply
FinnableFrom 16%Up to ₹10 LakhsUp to 3% + GST24–48 hrsApply
Poonawalla FincorpFrom 9.99%Up to ₹30 Lakhs1%–2% + GST24–72 hrsApply
Fullerton IndiaFrom 11.99%Up to ₹25 LakhsUp to 3% + GST1–2 working daysApply
Axis FinanceFrom 13%Up to ₹25 LakhsUp to 2.5% + GST1–2 daysApply
Mahindra FinanceFrom 10.99%Up to ₹10 LakhsUp to 3% + GST2–3 daysApply
Aditya Birla FinanceFrom 11.99%Up to ₹50 LakhsUp to 2.5% + GST48–72 hrsApply
Bajaj FinanceFrom 11%Up to ₹50 LakhsUp to 4% + GST24–72 hrsApply

Eligibility Criteria for Personal Loan in Bangalore

The eligibility criteria for personal loans in Trichy may vary among lenders, but common requirements include:

  • Age: Generally between 21 and 60 years old.
  • Income: For salaried/Self employed, the minimal salary to process is Rs. 20000. The minimal salary varies from lender to lender
  • Credit Score: A credit score of 750+ is usually preferred

Benefits of Personal Loans in Bangalore

  • Flexible Repayment: You can choose a repayment tenure that fits your financial situation and pay accordingly

  • Multipurpose Use: You can use the loan amount for a variety of purposes, giving you financial flexibility.

  • Improvement of Credit Score: Timely repayment of Personal Loan can help you improve your credit score

Documents required for a Personal Loan at Bangalore?

  • Identity Proof: PAN Card, Aadhar Card, Voter ID or other card with photos
  • Address Proof: Utility bill, passport, or Aadhaar card.
  • Income Proof: Salary Slip,
  • Employment Proof: This can be your employment letter or business registration documents if you are self-employed
  • Other documents such as IT returns, Bank statement may also be required

How to Apply for a Personal Loan at Bangalore?

Fincover.com is an online marketplace where you can compare and apply for loans. We have tie-ups with several banks and NBFCs offering personal loans. Compare and select the one that fits your requirement,

  • Visit /banking/loan/personal/
  • Complete the loan application by entering the details
  • You will get personal loan quotes from various Banks and NBFCs
  • Apply for the bank and get a reference number. You can then check the status of the application from our dashboard.
  • Upon approval, the loan will be disbursed to your account.

Conclusion

Remember that personal loans come with interest costs, so make sure to borrow only what you need and can comfortably repay. As the cost of living in Bangalore is high when compared to other metros, you must clearly frame a monthly budget so that you are able to fufill your EMI commitments without any break.

Prem Anand Author
Prem Anand
Prem Anand
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Prem Anand
10 + years Experienced content writer specializing in Banking, Financial Services, and Insurance sectors. Proven track record of producing compelling, industry-specific content. Expertise in crafting informative articles, blog posts, and marketing materials. Strong grasp of industry terminology and regulations.
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Gurumoorthy Anthony Das
With over 20 years of experience in the BFSI sector, our Founder & MD brings deep expertise in financial services, backed by strong experience. As the visionary behind Fincover, a rapidly growing online financial marketplace, he is committed to revolutionizing the way individuals access and manage their financial needs.
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Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.

Who is the Author?

Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.

How is the Content Written?

The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.

Why Should You Trust This Content?

This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.