Best Personal Loans in Bellandur, Bangalore
Bellandur Lake, the largest lake in Bangalore is well situated in the southeast part of Bangalore in a locality called Bellandur. This locality is in close proximity to places like Koramangala, Whitefield, Sarjapur Road and so on. In fact one of the reasons why this area saw a boom was centrally situated some of the tech parks in Bangalore. We also saw multiple MNC’s set operations in and around Bellandur in the late 90’s early 2000’s. It has easy access to other tech parks to like ITPL, Electronic City and so on which resulted in attracting young working professionals and is more of a bachelor hub in Bangalore.
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.