Best Personal Loans in Alambagh, Lucknow
Alambagh is one of the oldest residential and business areas located towards the south end of Lucknow. It is situated very close to the Kanpur road and serves as one of the oldest marketplaces for crops and vegetables for the city and surrounding villages. The area also hosts the Alam Bagh Palace which was converted into a fort during the days of the British Raj. The place contains some important educational institutions like the City Montessori School, St. Mary’s Convent, Stella Mary’s School etc.
Personal loans in Lucknow are given by most major banks and financial institutions to individuals without asking for the requirement or need. They are unsecured loans given from Rs. 50,000 to Rs. 40,00,000 which means that you need not mortgage anything or show an asset. The most common reason for taking a loan is debt consolidation. Some of the other reasons include medical, travel, home renovation, wedding and so on.
You need to have a good credit history and adequate salary to get a loan sanctioned. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Lucknow give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
There are multiple banks which offer a personal loan in Lucknow such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Lucknow such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.