Best Personal Loans in C V Raman Nagar, Bangalore
CV Raman Nagar is a locality in the eastern part of Bangalore city with approx. area of 3.58 Sq.Kms. It is named after the Noble prize and Bharat Ratna winning physicist Sir Chandrasekhara Venkata Raman. He was famous for his ground breaking work in the field of light scattering, which is known as the Raman Effect.
CV Raman Nagar is surrounded by areas such as Pai Layout , A Narayanapura , Bennigana Halli , K R Puram , Dooravani Nagar , Indiranagar, Kaggadasapura and Baiyappanahalli. CV Raman Nagar has branches of several banks such as Kotak Mahindra, HDFC, State bank of India, Bank of India, Canara bank, Corporation bank, Syndicate bank, Union bank of India, IDBI bank, Karnataka Bank and so on.
Other attractions in the area include the Kaggadasapura Lake. It is also known for its residential organizations as there are 2 active resident welfare associations in the area. The Defense Research and Development Organization (DRDO) came into existence in the year 1985 and was inaugurated by Rajiv Gandhi who named the area as CV Raman Nagar after the famous physician. The DRDO is a sub locality in the area along with others such as ASTE Officers Enclave, Bairasandra and GM Palya. There is a famous Ganesh Temple in the Suddaguntapalya sub locality.
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.