Best Personal Loans in Bannerghatta Road, Bangalore
Bannerghatta Road, also known as BG Road is a State Highways (SH), connecting areas such as Bannerghatta, Anekal, Jigani, etc. Tremendous interest has been taken by builders to develop Bannerghatta Road with residential complexes as well as commercial properties. This are proudly boasts of one of the most reputed institutes in India i.e. Indian Institute of Management, Bangalore (IIMB). There are couple of very large medical institutions too such as Sri Jayadeva Institute of Cardiology, Fortis, Appolo and so on. Further, easy access to malls like Royal Meenakshi Mall, Gopalan Mall, Vega Mall in the area has made this area a residential paradise
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.