Best Personal Loans in Banaswadi, Bangalore
Banaswadi is a residential area located in the north of Bangalore. It is situated around 6 kilometers from the city and considered no more to be an outlier with the growing city limits. The area is divided into Chikka Banaswadi, Dodda Banaswadi and it is connected by Banaswadi Main Road, Hormavu Main Road and 100ft road with the nearest railway station being the Banaswadi station. There is a colony dedicated for army personnel named Jai Jawan Nagar situated in this area.
This area is completely residential with commercial shops and trading centers. It is also home to many famous temples such as Veeranjanaya Temple, Aiyappan Temple, Panchamuki Ganesha Temple, Kodanda Raman temple. Several educational institutions such as New Baldwin Residential School, St. George College Of Management & Science, BET college, Bangalore City college, Vivekananda college are located in this area of Bangalore.
For the convenience for its residential population, several hospitals such as Satya Sai Baba Hospital, Dewans Hospital and Narayan Nilaya Maternity Hospital, Banaswadi Hospital are located here providing quality medical services. There are several IT business parks coming up in this area.
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.