Best Personal Loans in Banashankari, Bangalore
Banashankari is one of the largest localities in Bangalore and is located in the south side of the city. It is divided into 6 stages and is majorly residential with individual houses and residential complexes. The area is named after the famous Banashankari Amma temple. A major city bus junction lies near the Amma temple. There are known places of worship located in the area like Ramanjaneya temple, Varasiddhi Vinayaka temple and Masjid-e-Quba. Some well known educational institutes include PESIT and Little Flower Public School.
Personal loans in Bangalore 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 Bangalore 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 Bangalore such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Bangalore such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.