Get Instant Personal Loans in Bangalore
Personal Loan in Bangalore
Bangalore is known for its growing startup and IT sectors and vibrant lifestyle. Every year, thousands of fresh graduates migrate to the city hoping to kick start their career. However, due to the demanding lifestyle in terms of rent, food, commute, etc., you may need financial assistance. So, if you are looking for an instant personal loan in Bangalore to meet your expenses, Navi could be your go-to option.
Get personal loan from Navi is simple and hassle-free. No lengthy paperwork or documentation required. Just download the Navi app, apply and get the loan amount disbursed to your account in minutes!
Features and Benefits of Personal Loan in Bangalore
Features and Benefits of Personal Loan in Bangalore
How to Apply for a Personal Loan in Bangalore?
How to Apply for a Personal Loan in Bangalore?
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
Interest Rates for Personal Loan in Bangalore
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | From 3 to 72 months |
How to Calculate EMI on Personal Loan?
Calculate your personal loan EMI beforehand to plan better. You could do so either manually or via a personal loan EMI calculator. Here’s the mathematical formula for loan EMI calculation:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
However, manual calculations could be tedious and time-consuming. As an alternative, you could use our personal loan EMI calculator to check your monthly repayment obligations. The online tool is extremely user-friendly. All you need to do is select the loan amount, tenure and interest rate, and you shall be able to view the EMI amount.
Personal Loan Calculator
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Months)
months
Monthly EMI
0
Total Interest
Total Amount
Why Choose Navi Personal Loan in Bangalore?
No paperwork
100% app-based paperless process. You can apply for a loan from anywhere, anytime.
No hidden charges
Extremely transparent process with no additional or hidden charges. In case you have any doubt, feel free to write to us or check our rate card.
Instant disbursal
If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.
Various Use Cases of Personal Loan
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Frequently asked questions
Here are some of the factors you could consider before taking a personal loan:
- Credit score: Having a good credit score can help you fetch better deals on your loan. Similarly, a poor credit score could lead to loan rejection
Repayment capacity: Check your repayment capacity before taking a loan. Missed EMI payments could hurt your credit score and put a dent in your creditworthiness
Loan EMI: Always calculate your loan EMI beforehand to check your monthly repayment obligations. This would help you manage your finances in a better way.
You can improve your credit score by following the best personal finance practices. This would include paying your credit card bills on time, correcting any inaccuracy in your CIBIL report, timely EMI payments, etc. For a detailed guide, read our blog on how to improve your credit score.
You can get an instant cash loan in 1 hour in Bangalore with Navi. The entire process takes hardly a few minutes. Just keep your PAN card at your disposal while applying, that’s it.