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Personal loan in Bangalore
Being a key center of information and technology, Bengaluru or Bangalore is known as the Silicon Valley of India. The capital city of Karnataka is also known to be a start-up hub in the country. With opportunities in various industries on the rise, many job seekers are now migrating to Bangalore to explore countless opportunities.
However, like in most metro cities, the cost of living is rising. This means that there may come a time when job seekers may be unable to meet the rising expenses and face a cash crunch. Instead of dipping into their savings, applying for a personal loan in Bangalore can help overcome the cash crunch or financial emergency.
To avail of the best personal loans in India, residents can apply for Finnable’s personal loan through their personal loan app. With the funds from this instant loan in Bangalore, they can take a vacation, plan a wedding, cover any medical emergency, and pay for home renovation as well.
Required Documents for personal loan in Banglaore
To apply for an instant loan in Bangalore, applicants must submit the following documents:
- Identity proof: Applicants have to submit their PAN card as proof of identity.
- Proof of residence: Applicants have to submit their Aadhar Card as proof of residence.
- Income proof: Since the applicant is a salaried employee, he/she must submit the salary slip for 3 months to show proof of income.
- Bank statement: The applicant must have a 3-month bank statement via email or should be able to access it through net banking. The bank statement acts as proof to show the lender that the salary is credited into a valid account and is not received as cash.
How to apply for a Personal Loan in Bangalore?
Applying for an instant loan is relatively easy and can be done in 3 easy steps. To avail of an instant personal loan from Finnable, borrowers do not need to visit any branch and can apply through their personal loan app. To apply:
Step 1: Download the personal loan app and create your profile. Enter your personal and professional information.
Step 2: Choose the type of loan, the loan amount, and the loan tenure.
Step 3: Upload your PAN card, Aadhar card, salary slip, or bank statement.
Once these documents are verified, the loan amount will be credited into the applicant’s bank account.
FAQ's About Personal Loan in Bangalore
To be eligible for personal loans, the individual should:
● Be a resident of India
● Be employed full time in a private or government sector
● Have minimum work experience of 6 months in total and more than 3 months in their current organisation
● Have a salary of more than Rs. 20,000/- per month if living in a tier 1 cities and Rs.15,000/- per month if living in tier 2 cities
● Receive Salary in a bank account
Personal loans are unsecured loans. Hence, do not require any security or collateral to apply for a personal loan.
Customers looking for a personal loan need to create an account with Finnable. To create an account all you need to do is set up your profile and fill in the information required. Once that is done, select the loan amount/product and the tenure for which you need the instant loan and upload the required documents.
You can get a loan of up to Rs. 10 lakhs.
You need to apply at Finnable personal loan app. You need to set up your profile, fill in the required details related to your KYC documents and income proof. Select the kind of loan you want, the amount required, the tenure and you’re done. You can get the loan disbursed to your account within 6 hours.
For salaried individuals living in tier 1 cities a salary of Rs. 20,000 per month is the minimum salary requirement. For individuals living in tier 2 cities, the salary requirement is Rs. 15,000 per month.
Not everyone requires a CIBIL score to avail of a personal loan. Lenders look at an individual's CIBIL score when granting a higher personal loan amount. A general minimum CIBIL score for higher amounts is 675. Finnable also offers instant loans online to first-time borrowers who do not have a CIBIL record yet.
To avail a personal loan from Finnable, you require minimal documentation. We offer quick and instant personal loans, have a short disbursal time, and offer high loan amounts with flexible repayment tenures.
Personal loans can be used for unplanned or emergency expenses. The funds from a personal loan can be used for home renovation, going on a vacation, education loan, shopping or even for emergency medical loan.
- Identity proof such as Aadhar Card and Pan Card
- Income proof, which can be 3 months’ pay slip and 3 months’ bank statement showing salary deposits
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