Bangalore is a hub for many multinational companies and a great place to live and work. It has many lucrative opportunities that people can avail of. With all the possibilities available, taking out a personal loan in Bangalore would be an ideal way to fulfill one's financial needs.

Piramal Finance is the perfect destination when you're seeking a loan. Our favorable interest rates and EMIs will suit all your financial needs. Requesting a loan from us will get you quick approval and rapid disbursal, so don't hesitate to apply now!

Features of Personal Loan in Bangalore

Fast approval

Our Instant Personal loan is approved quickly, usually within a few hours of application submission. Piramal Finance understands the urgency of your needs and offers immediate loan approvals in most cases

Affordable interest rates

With competitive personal loan interest rates in Bangalore, the most affordable way to borrow money for any expense or project is taking a personal loan

Flexible repayment options

Repayment terms are highly flexible with personal loans from banks and other financial institutions in Bangalore. It allows you to pay as much as you can every month, so you don’t have to struggle with large loan payments.

Easy to access

A Personal loan in Bangalore is easy to avail. Many banks and other financial institutions offer personal loans with minimal paperwork, low-interest rates, and flexible repayment options. This makes it convenient for borrowers to access the funds they need quickly and conveniently.

Documents Required for a Personal Loan in Bangalore

There are few basic digital documents required to avail a Personal Loan.

Document TypeDocuments for Personal Loan Bangalore
Income Proof
Last 3 months' bank account statements / salary slips
Identity Proof
Aadhar Card, PAN Card, Voter's Id / Driving License
Address Proof / Proof of Residence
Aadhar Card / Driving License / Passbook / Utility Bills / Property Documents
Proof of Employment
Appointment Letter / Company Contract, Company or HR's Email ID, Official Identity Card
Investment Proof (If Any)
Copy of Receipts of Mutual Funds/ Fixed Deposits/ Recurring Deposits
Latest Coloured Passport-Size Photograph

Eligibility Criteria

Below are the eligibility criteria that you must check before applying for a loan:

  • Nationality : You, as an applicant must be of Indian nationality.
  • Age : You must be between 21 and 58 years of age.
  • Profession : You must be a salary-drawing person in either the public or private sector.
  • Minimum Monthly Income : You must have a minimum monthly income of INR 15,000.
  • Work Experience : To apply for a personal loan for salaried employees, you need a minimum work experience of one year.

How to Get a Personal Loan in Bangalore on the Same Day?

Step 1:

Click on Apply Now and start your digital Personal loan application.

Step 2:

Enter your mobile number linked to your bank account.

Step 3:

Enter the OTP received on your mobile number.

Step 4:

Enter the required document and verify the same.

Step 5:

Bank account verification.

Step 6:

Income Verification.

Step 7:

Check the Loan Final Offer, Accept, and continue the final process.

After completing the final process your application for a loan is now done and within 24 hours, it will get credited to your verified bank account.

Fees & Charges

Our interest rate starts at 12.99*% p.a., and there are no hidden costs. What you see is what you pay. Know more about all the fees and charges provided by Piramal Finance.

Features & FeesDetails
Personal Loan Interest Rates12.99%* p.a. onwards
Loan Amount₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure3 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of Rs. 50000 and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes

Uses of Personal Loans in Bangalore

Personal loans are the most popular form of credit in Bangalore. They can be used to finance a variety of expenses, such as:

1. Home Improvement

A personal loan is an excellent way to finance home improvement projects, such as remodeling or repairs, without dipping into your savings. It also allows you to spread out costs over time with manageable monthly payments instead of paying it all at once.

2. Education

Student loans are among the most common personal loan forms. They can be used to pay for tuition, living expenses, and other education-related costs. Piramal Finance can provide loans to undergraduate and postgraduate students pursuing courses in Bangalore.

3. Business Start-Ups

Personal loans are also a great way to finance business start-ups in Bangalore. These funds can be used for anything from buying equipment, hiring staff, or renting office space to get your business off the ground.

4. Wedding Expenses

A personal loan is an ideal way to finance wedding expenses such as catering, decorations, and other associated costs. It allows you to keep your savings intact while taking care of all the necessary financial arrangements for this special day.

5. Vacations

If you want to plan a well-deserved vacation, a personal travel loan from Piramal Finance could be the perfect way to kick-start your travel plans. With relatively low-interest rates and flexible terms, you can use a personal loan to take an unforgettable journey across India or abroad.

Nearest Branches of Piramal Finance

The Jayanagar branch of Piramal Finance is located at no 1347/36, main road, 9th Block on the 2nd floor. To reach here, the easiest way is by taking a bus from any of the major stops in Jayanagar and getting down at the 9th Block. You can apply for a personal loan in Jayanagar and benefit from the quick approval process.
Vasanth Nagar
The Vasanth Nagar branch of Piramal Finance is located at No. 13, Old No. 5, on the 1st main road. To get here, you can take the Metro and then walk for about five minutes. Or you can also drive to the location. Applying for a personal loan in Vasanth Nagar branch is fast and secure.
The Piramal Financial branch in Hosur is located on the first floor of the RKG Manor at No.643/1D. The branch is conveniently accessible by local trains and buses from several sites throughout the city. For individuals seeking personal loans in Hosur, they also provide simple loan aid.
The Kengeri Upanagara branch of Piramal Finance is located at no 105/15/1B, Sri Agani Complex on the 2nd floor. Taking public transportation or a cab is the best way to reach this branch. You can apply for a personal loan in Kengeri Upanagara branch as well as check your loan repayment status.
Sahakar Nagar
The Sahakar Nagar branch of Piramal Finance is located at no 502 & 413/508/502, HDR House on the 2nd floor. The right way to get here is to reach the nearest bus station, which is 15 minutes away. Get the best personal loans in Sahakar Nagar branch from experienced professionals.

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Frequently Asked Questions

How much loan can I take in Bangalore?
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Why should you select Piramal Finance Personal Loan in Bangalore?
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Is it possible to foreclose or prepay loan for employees?
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