Top 3 Lenders to Avail Personal Loan in Bangalore

Top 3 Lenders to Avail Personal Loan in Bangalore
A personal loan acts as the perfect medium to smoothen up and maintain your
cash flow in your financial tough time. Though it is one of the best ways to
provide you support in your financial tough time still you have to be careful and
selective while choosing your lender as well as the type of personal loan.
Choose your personal loan from the top personal loan lenders in India. And if
you are a Bangalorean, you have many options to choose from for your personal
loan lender. In this article, we are providing you detailed information about the
top 3 personal loan lenders in Bangalore.
1. HDFC Bank Personal Loan:
HDFC Bank is one of the leading banks offering a number of banking products
at affordable prices among which personal loan is the most famous product. The
reason behind this is HDFC provides a personal loan at affordable interest rate
along with fast processing.
HDFC Bank Personal Loan Details-
Interest rate - 14.75% to 20.70% p.a.
Minimum age requirement - 21 years
Maximum age requirement - 60 years
Minimum income requirement - Rs.20,000 for people living in Bangalore
Processing fee - Up to 2.5% of the loan amount with a minimum of Rs.1,999
and maximum of Rs.25,000
Maximum Loan amount - Up to Rs.15 lakh (depends on your eligibility)
Loan tenure - 12 to 60 months
Loan disbursal time - 2 days
2. Axis Bank Personal Loan
Axis Bank Personal Loan Details:
Interest rate - 15.50% to 24% p.a.
Minimum age requirement - 21 years

Maximum age requirement - 60 years
Minimum income requirement - Rs.15,000
Loan amount - Rs.50,000 to Rs.15 lakh
Loan tenure - 12 to 60 months
3. Bajaj Finserv Personal Loan:
Bajaj Finserv is a leading NBFC that offers a wide range of financial products
among which personal loan is the top selling product.
Interest rate - 13.99%
Minimum age requirement
- 25 years
Maximum age requirement - 58 years
Minimum income requirement - Rs.40,000; Rs.35,000; and Rs.30,000
Loan amount - Up to Rs.25 lakh
Loan tenure - 12 to 60 months
Loan disbursal time - 24 hours
You can apply for a personal loan through these lenders online. The processing
is completely only and the amount disbursal is very fast.
Tips for choosing the best personal loan for you
• Check your credit report before applying for a personal loan.
• Make your budget and stick to it for a better financial life.
• Borrow as much you need, don't be greedy.
• Have knowledge of APR(Annual Percentage Rate) i.e. How much the loan
would cost in interest per year.
• Check for all the repayment options available and opt for the best-suited one
for you.
• Know the risks involved in unsecured loans.
• Always borrow according to your repayment capacity.