Personal Loan


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Personal Loan in Bangalore

Personal loan is one of the most asked for and utilized loan product in Bangalore. As the name suggests, banks and NBFCs in Bangalore offer this type of loan to its customers to fulfill their various personal needs. This can be an emergency need or to fulfill financial wishes of the family. Banks and NBFCs offer quick and easy personal loan to its customers which are customized as per their needs. A personal loan has tenure of 1 year to 5 years. The interest rate in personal loan ranges from 11.29% to 35%. The loan borrower can pay back the personal loan in Bangalore via EMI i.e. equated monthly installment. The EMI is decided by calculating three things: tenure, interest rate and loan amount borrowed. These three things are decided as per the lenders term policies along with the loan borrower’s credit score, financial history, ability to repay the personal loan and current financial obligations (other loans or credit cards).
A personal loan borrower in Bangalore does not require disclosing the reason behind taking the loan. He/she can use it to pay emergency medical bills, fund a wedding or holiday trip, consolidate debts, house renovation, to pay for education etc.

Why Choose Ruloans To Apply For Personal Loans in Bangalore?

As Ruloans is India’s fastest growing loan distributor, it has created a strong base in Bangalore. With our team of loan experts we are pledged to help you borrow right. You can easily use Ruloans’ online loan application portal and apply for a quick personal loan in Bangalore.

Hassle free process

With its newly introduced online application process, you can easily apply for a personal loan in Bangalore. You can compare your loan options, check eligibility and upload documents all at one place without any hassle.

Benefits of applying with us

As Ruloans is partner with many leading banks and NBFCs in Mumbai, you can get benefits of our expertise, can easily avail the best loan offers and deals from our partner banks and NBFCs.

Compare your loan options

While applying for a personal loan online on Ruloans, you can compare your options when it comes to choosing the right lender. You can choose one as per your loan requirements.

Free expert guidance and advice

Our financial experts are always ready to give you the perfect advice. These highly trained professionals in finance know the back and forth of the industry. Our dedicated team of experts will help you at any given time, without charging a dime

Privacy policy

As you upload your documents online for your personal loan, be sure that Ruloans will not share them with anyone else other than the lender of your choice. With our highly efficient online security wall, you can trust us with your documents.

What are the Features & Benefits of a Personal Loan in Bangalore?

If you are wondering to take a personal loan in Bangalore, know that it comes with a number of great features and benefits...


  • They have easy availability
  • As it is the most popular loan in Bangalore, almost all leading banks and NBFCs offer personal loan in the tech-city. They are easily available and one can get it without any hassle.

  • They need minimum documentation
  • Personal loan is a type of unsecured loan. The loan borrower does not require putting anything as collateral to the bank or NBFC. Thus it requires very minimum documents to get the loan approved in Bangalore.

  • You get expeditious loan approval
  • As personal loan in Bangalore requires minimum documents and is easily available, it’s approved quickly too. Once you have submitted all the legitimate and required documents, the loan gets approved as quickly as within 24 to 48 hours* by banks and NBFCs.

  • You can take multi-purpose loan
  • The loan borrower does not need to disclose the reason as how he/she is going to use the funds of the personal loan. It can be used for any apparent personal or professional needs.

  • It's a flexible type of loan
  • Banks and NBFCs often offer customized personal loans in Bangalore. You can negotiate on processing fees, interest rate and tenure while taking the loan.

What are the Eligibility Criteria to avail a Personal Loan Bangalore?

Banks and NBFCs have very specific eligibility criteria while approving any personal loan in Bangalore. The criteria changes as per the profession of the loan borrower. Each bank and NBFC have different criteria to approve a personal loan but we have given a generic list of the same:


Particulars Salaried Borrowers Self-Employed Borrowers
Age 21 years to 60 years 23 years to 60 years
Income Rs. 15,000 (Rs. 20,000 in metros) Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional)
Maximum Loan Amount Approved Rs. 15,00,000 Rs. 15,00,000 to 20,00,000
Minimum Loan Amount Approved Rs. 75,000 Rs. 75,000 to Rs. 3,00,000
Loan Tenure 12-72 months 12-48 months
*The eligibility criteria differ from bank to bank. The above details are generic, not specific.

What are the Documents Required to avail a Personal Loan?


Particulars Salaried Borrowers Self-Employed Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills Passport or utility bills
Additional Documents Salary slips for last 3 months Proof of highest professional degree
2 year employment continuity document Latest Income Tax Return Balance sheet
Profit and Loss for last 3 years certified by CA
*The list of documents differs from bank to bank. The above given list is generic, not specific.

How to Apply For a Personal Loan on Ruloans

Applying for a personal loan on Ruloans involves few easy steps:


How to Apply For a Personal Loan in Banglore on Ruloans?
Step 1 Go to the 'Personal Loan in Bangalore' page on our website and click on 'Apply Now' box.
Step 2 Fill out the initial personal and financial information. Once completed, our loan calculator checks your eligibility with its highly efficient algorithm.
Step 3 Our loan calculator presents you a list of banks and NBFCs most suitable for you as per your eligibility criteria. The list will include the name of the financial institutions, interest rates, required document list etc.
Step 4 From the given list, you can choose the financial institute of your choice. You can start filling up the form and upload the required documents. Here, if needed, you can call or mail our experts for advice. The contact details are given on our website.
Step 5 Your application will be sent electronically to the bank you selected. You will be informed about the status of your application via SMS, email or you can track it via website too.

Frequently Ask Questions

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