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Enjoy Competitive Loan Rates starting at 10.99%, paperless disbursal in a few clicks with IDFC FIRST Bank Personal Loan
Personal Loan in Bangalore with EMI starting at ₹2,174/Lakh
Enjoy Competitive Loan Rates starting at 10.99%, paperless disbursal in a few clicks with IDFC FIRST Bank Personal Loan
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Approval of up to ₹10 lakh personal loan in a flash
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Multiple on-demand loans & flexible EMI tenure
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Repay anytime with ZERO foreclosure charges
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100% digital process & 24x7 access to funds
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Approval of up to ₹10 lakh personal loan in a flash
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Multiple on-demand loans & flexible EMI tenure
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Repay anytime with ZERO foreclosure charges
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100% digital process & 24x7 access to funds
Personal Loan in Bengaluru
Bengaluru, also known as Bengaluru, is the Silicon Valley of India. It has made a substantial contribution to India's IT supremacy, with a strong history of leading R&D labs, reputed educational institutions, and public sector enterprises. The city’s technological prowess and sea of opportunities attract many people across the country. However, Bengaluru is also an expensive city to live in, making a personal loan in Bengaluru a popular choice. From putting down a deposit for a rented apartment to finding the right clothes for work, a personal loan for salaried individuals covers a wide range of needs.
For those looking to start their own business, a personal loan in Bengaluru can be the stepping stone to success. Individuals can get all the support they need from IDFC FIRST Bank, allowing them to kickstart their entrepreneurial journey.
Features of an Instant Personal Loan in Bengaluru
These features are only applicable when you take a personal loan in from IDFC FIRST Bank:
Competitive interest rates starting at 10.99%
Completely digital and paperless online process
Balance transfer options for existing personal loans and credit cards at affordable rates
Use a Personal Loan in Bengaluru to Fulfil Your Needs
Living in Bengaluru may not be as affordable as one might think, which is why many individuals opt for a personal loan in Bengaluru whenever the need arises. Here are some scenarios where a personal loan can come in handy:
Travel expenses
Embark on your dream adventures with a travel loan designed exclusively for elite travellers.
Weddings
With weddings bringing unexpected costs, an instant wedding loan is a go-to solution for many.
Home renovation
Moving into a new space? A home renovation loan can help meet renovation expenses with ease.
Travel expenses
Weddings
Home renovation
Medical emergencies
Get Instant Personal Loans in Bengaluru
Loan Disbursal Amount for a Personal Loan in Bengaluru
At IDFC FIRST Bank, individuals can borrow upto ₹10 lakhs based on their eligibility score.
Minimum Salary Requirement for a Personal Loan in Bengaluru
The minimum salary required to apply for a personal loan is ₹20,000 per month.
Interest rate and charges in Bangalore for a personal loan
| Types of Fees | Applicable Charges |
| Personal loan interest rate | Starting 10.99% |
| Processing fees | Processing Fees of upto 3.5% will be deducted from the loan amount at the time of disbursal |
| Late payment fees | 2% of the unpaid EMI or Rs 300 whichever is higher. The late payment fees might be applicable from the date of default to the date of payment. |
| Stamp duty | As per actuals |
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How to Apply for a Personal Loan in Bengaluru
Applying for a personal loan in Bengaluru with IDFC FIRST Bank is a seamless process. It involves four simple stages:
1. Online application
Fill in the online form on the website or mobile app.
2. Approval
Based on your eligibility, the loan request will be approved.
3. Document submission
Upload the required documents for verification
4. Disbursal
Once approved, the loan will be disbursed into your account.
Eligibility Criteria for a Personal Loan in Bengaluru
Documentation
When self-employed or salaried individuals want to avail of a personal loan in Bengaluru, they will need to submit the following documents:
- PAN Card
- Form 60 (To be submitted only if PAN card is not available)
- Any 1 Official Valid Document (OVD) is mandatory from the below:
- Valid Passport with expiry date, photograph, and signature
- Aadhaar Card issued by UIDAI
- Voter’s Identity Card issued by Election Commission of India
- Driving License issued by regional transport authority
- Job Card issued by NREGA duly signed by an officer of the State Government
- National Population Register containing details of name and address
Who Can Apply
For self-employed individuals
- Minimum age: 21
- Maximum age: 65 (at the time of loan maturity)
- The business must have been in existence for a minimum of 3 years
- Minimum credit score of 730
For salaried individuals
- Minimum age: 21
- Maximum age: 60 (at the time of loan maturity) or retirement, whichever comes first
- Minimum monthly salary: ₹20,000 per month
- Minimum credit score of 730
- A personal loan eligibility calculator can be used to check eligibility in just a few seconds
Get FIRSTmoney Smart Personal Loan of Different Amounts
Personal Loan Related Searches
FREQUENTLY ASKED QUESTIONS
How to get a personal loan with a low CIBIL score in Bengaluru?
While a higher CIBIL score improves loan eligibility, you can still apply for a personal loan with a low CIBIL score in Bengaluru if you satisfy the bank’s minimum CIBIL score requirements. IDFC FIRST Bank also considers other factors like income, employment history, and existing debt before approving loan applications. With a low CIBIL score, you may receive a loan at a higher interest rate or with stricter terms.
Can a person get a personal loan for a low salary in Bengaluru?
Yes, IDFC FIRST Bank offers personal loans to individuals with low salaries starting from ₹20,000 per month and based on their overall eligibility. Factors like stable income, repayment capacity, and credit score are considered to determine loan approval and amount.
How long does it take to get a personal loan in Bengaluru?
Once your loan application is approved, you can receive the funds within minutes, ensuring quick access for urgent financial needs.
What is the minimum income requirement to get a personal loan in Bengaluru?
The minimum income requirement for a personal loan with IDFC FIRST Bank varies but typically starts around ₹20,000 per month, depending on eligibility and loan terms.
What should I say my personal loan is for?
Personal loans allow you to obtain funds for personal expenses such as an emergency, higher education, holidays, or some other need such as a family wedding. You can specify the reason for taking a personal loan while applying for the loan.
What is the minimum salary for personal loan in Bangalore?
The minimum salary needed for a personal loan in Bangalore is ₹20,000. If your salary is ₹20,000 or more, you can avail of personal loans with minimal effort. IDFC FIRST Bank offers personal loans ranging from to ₹20,000 to ₹4,00,000 if you meet the eligibility criteria.
Can I get a personal loan if my salary is ₹15000?
No, you cannot get a personal loan in Bangalore if your salary is ₹15,000. Still, you can check with the bank to see if you can avail of a small personal loan. Besides your salary, other factors such as your age and credit score are considered when you apply for a personal loan.
Why should I take a personal loan from IDFC FIRST Bank?
IDFC FIRST Bank offers personal loans for many reasons, including weddings, vacations, education, home renovations, and emergencies. Personal loans can be utilised to meet immediate financial requirements as well as to borrow funds for non-emergency personal expenditures. IDFC FIRST Bank provides loans up to ₹40 lakhs with affordable EMIs starting at ₹2,149/lakh* and repayment terms of up to 5 years.
Who can apply for IDFC FIRST Bank personal loan?
For both self-employed as well as salaried persons, IDFC FIRST Bank offers a quick personal loan online. However, you must meet specific criteria to avail of an online personal loan with low EMI. Factors such as your income, credit score and debt profile are considered when you apply for a personal loan in Bangalore.
What is the interest rate for a personal loan in Bangalore?
IDFC FIRST Bank offers low-interest personal loans in Bangalore, with rate starting at 10.99% per annum, depending on your credit profile and loan tenure.
Get FIRSTmoney Smart Personal Loan of Different Amounts
Personal Loan Blogs
FEATURED
Personal Loans for a Credit Score of 550
Personal loans are one of the easiest loans to acquire. They are unsecured loans, which means one does not need to offer collateral. They can be used for a multitude of purposes. There is minimal documentation involved and a relatively shorter processing time as well. However, one of the most important considerations when applying for a personal loan is your CIBIL score.
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Bangalore
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1234/A, 1ST FLOOR, 1ST CROSS, 1ST STAGE, 2ND PHASE, EXTENSION, CHANDRA LAYOUT VIJAY NAGAR NEAR CHANDRA LAYOUT BUS STOP, OPP CORPORATION BANK, KARNATAKA 560041.
1860 500 9900Bangalore
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VG COMPLEX”, #.23, 2ND FLOOR, HESARAGATTA ROAD, DEFENCE COLONY, BENGALURU, KARANATAKA 560073.
1860 500 9900
