Best Personal Loans in Bashveshwaranagar, Bangalore
Basaveshwaranagar, formed by the Bangalore Development Authority got its name from the famous Social reformer known as Basavanna. Basaveshvaranagar, is located in the western part of Bangalore. There are multiple green parks and large play areas in Basaveshvaranagar which can be attributed to the development by BDA. The famous Dr. BR Ambedkar Stadium is built very close to the Gangamma Thimmaya Choultry in Basaveshvaranagar. The 400 year old Banayan tree, which is in the vicinity of a public park is where you will also spot dozens of monkeys and birds.
Basaveshwaranagar is where you would find the MAAC which is short for Maya Academy of Advanced Cinematics. Basaveshvaranagar is easily accessible by bus as well as other public transport. You will also find easy access to multiple medical establishments and also spot multiple education institutions in and around Basaveshvaranagar.
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.