What's special about us
Zero Charges on 28 Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Enjoy quick, paperless disbursal in a few clicks
with IDFC FIRST Bank Personal Loans
EMI starting at ₹1,699/Lakh
Enjoy quick, paperless disbursal in a few clicks
with IDFC FIRST Bank Personal Loans
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Competitive interest rates starting at 10.75%
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Completely digital, paperless online process
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Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
60 months
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Competitive interest rates starting at 10.75%
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Completely digital, paperless online process
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Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
60 months
Personal Loan in Bangalore
Bangalore is the Silicon Valley of India. The metropolis 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 capabilities and the sea of opportunities that come with it attracts many people from across the country. But Bangalore is an expensive city. Starting your life in Bangalore can be costly, and that is the reason why personal loans in Bangalore are so popular. From putting down a deposit for a rented apartment to finding the right clothes for work, a personal loan in Bangalore for salaried individuals covers it all. Personal loans in Bangalore can also help build your own start-up. Individuals who want to work on their own business can get all the support they need from IDFC FIRST Bank. Apply for a personal loan in Bangalore for business and kickstart your journey as an entrepreneur.
Features of an instant personal loan in Bangalore
These features are only applicable when you take the personal loan for salaried individuals in Bangalore from IDFC FIRST Bank. If you wish to know more about IDFC FIRST as a personal loan provider in Bangalore, head to the personal loan section on the website.
Competitive interest rates starting at 10.75%
Completely digital, paperless online process
Balance transfer of existing personal loans and credit cards at affordable rates
Use a Personal Loan, and save the day!
Living in Bengaluru may not be as cost-effective as you think. Therefore, many people in Bengaluru are opting for an instant personal loan, whenever the need arises. Let’s take a look at a few instances where a personal loan can come handy:
Travel expenses
Bangalore is known for its congested roads. In such instances, using a public mode of transport could leave you late for work or even make you feel claustrophobic. Thus, it makes sense to invest in a two-wheeler while residing here. A two-wheeler helps you mitigate traffic and ensures you are on time. More and more people are taking out instant personal loans in Bangalore to purchase a two-wheeler.
Weddings
Weddings come with unprecedented expenditure. Thus, for weddings the instant cash loan in Bangalore is the most sought out kind of personal loan.
Home renovation
If you are moving into a rented place, it goes without saying that you might want to add your own touches to it. Most people take out an online loan in Bangalore, which is a quick and easy way to meet your renovation needs.
Medical emergencies
Medical emergencies may leave you in a financial crunch with little to no heads up. An urgent personal loan in Bangalore is a handy backup option to have.
Travel expenses
Bangalore is known for its congested roads. In such instances, using a public mode of transport could leave you late for work or even make you feel claustrophobic. Thus, it makes sense to invest in a two-wheeler while residing here. A two-wheeler helps you mitigate traffic and ensures you are on time. More and more people are taking out instant personal loans in Bangalore to purchase a two-wheeler.
Weddings
Weddings come with unprecedented expenditure. Thus, for weddings the instant cash loan in Bangalore is the most sought out kind of personal loan.
Home renovation
If you are moving into a rented place, it goes without saying that you might want to add your own touches to it. Most people take out an online loan in Bangalore, which is a quick and easy way to meet your renovation needs.
Medical emergencies
Medical emergencies may leave you in a financial crunch with little to no heads up. An urgent personal loan in Bangalore is a handy backup option to have.
Loan disbursal amount
Along with the loan disbursal amount, it is also essential to know how fast you can expect the amount in your account.
At IDFC FIRST Bank, you can borrow an amount ranging from ₹20,000 to ₹40 lakhs based on your eligibility score.
Minimum salary to apply for a personal loan in Bangalore
The minimum salary an individual is supposed to have when applying for a loan in any part of India is ₹20,000. Thus, to apply for a personal loan in Bangalore an individual needs to make ₹20,000 per month.
Interest rate and charges in Bangalore for a personal loan
| Types of Fees | Applicable Charges |
| Personal loan interest rate | Starting 10.75% |
| 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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Services
Download IDFC FIRST Bank App
How to apply for a personal loan in Bangalore
If you are applying for a personal loan in Bangalore, here is what you need to know:
The application process for an instant personal at IDFC FIRST Bank is completely online. You can apply on our website or our mobile app and avail of loan without having to visit the bank. The online application process at IDFC FIRST Bank involves four stages.
Stage 1: Online application
To apply for an urgent loan in Bangalore, visit our website or the IDFC FIRST Bank Loans app. You can apply for a personal loan online by filling an online application form, which has a few mandatory questions. These questions help us evaluate your candidature.Stage 2: Approval
Based on your eligibility, your loan request will be approved.Stage 3: Upload documents
Upload the documents needed for verification.Stage 4: Disbursal
After verification, the loan will be disbursed into your account. IDFC FIRST Bank’s instant personal loan is one of the quick and easy ways to receive financial support. With a simple process and fast disbursal, you can fulfil your financial requirements instantly.Eligibility
Documentation
When self-employed or salaried individuals want to avail of a personal loan in Bangalore, 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: 25
- Maximum age: 65 (at the time of loan maturity)
- The business must have been in existence for a minimum of 3 years
For salaried individuals
- Minimum age: 23
- Maximum age: 60 (at the time of loan maturity) or retirement, whichever comes first
- Minimum monthly salary: ₹20,000 per month
- A personal loan eligibility calculator can be used to check eligibility in just a few seconds
FREQUENTLY ASKED QUESTIONS
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.
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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Branch Location
Bangalore
BANGALORE-KCA ENCLAVE
1ST FLOOR, 582, KCA ENCLAVE, 80FT ROAAD, BANGALORE 560095.
1860 500 9900Bangalore
BANGALORE-VIJAYNAGAR
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
BANGLORE-VG COMPLEX
VG COMPLEX”, #.23, 2ND FLOOR, HESARAGATTA ROAD, DEFENCE COLONY, BENGALURU, KARANATAKA 560073.
1860 500 9900
