Best Personal Loans in Basavanagudi, Bangalore
The literal English translation of Basavanagudi is ‘Bull temple’ which is a landmark located in this area. It is one of the more known commercial and residential areas in Bangalore, India. It is centrally located and close to the famous botanical garden Lalbagh. It also contains parks, shopping places, eating joints, educations institutions and banks.
The main commercial lane is DVG road named after the famous poet DV Gundappa. There are several retail shops for apparel, jewellery etc. The market place is called Gandhi Bazaar and is famous for its fresh fruits, veggies, flowers and it is filled with shoppers at all times of the day. Vidhyarthi Bhavan is a famous restaurant for delicious dosas founded in 1943 located in Gandhibazaar.
Basavangudi is home to a lot of famous temples like Dodda Ganeshana Gudi, Ramakrishna ashram/Math, Sri Mallikarjuna Swamy Temple, Kaaranji Anjaneya Swamy Temple. The famous Kadlekai Parishe, fair of peanuts is held near Dodda Ganeshana Gudi temple. Different varieties of groundnut are exhibited and sold during this event and the fair is organized for two days every year.
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.