Best Personal Loans in Chamrajpet, Bangalore
Chamrajpet is a famous locality in the central part of the city of Bengaluru surrounded by areas such as Basavanagudi, Banashankari, Chickpet and Majestic. It was the first extension formed in 1892 by Mysore Chamarajendra Wodeyar and that’s how it got the name Chamrajpet. This area has gained prominence as a residential locality and one can find some old houses here.
Chamarajapet was a well-planned layout, there are five main roads in Chamarajpet and almost all of them have at least one temple. The area was home to many Kannada literary luminaries and Sanskrit pundits. The Chamarajendra Sanskrit College, one of the oldest in the city, exists even today.
One of the old movie theatre Uma theatre is located in Chamarajapet. It is well connected to the city’s main bus stand Majestic and railways station. Gandhi bazaar, one of the oldest markets of banaglore is just 2 kms from Chamarajpet. It’s the market for fresh fruits, vegetable and flowers. The shopping lane DVG road is also a few minutes away and it’s the home for several retail shops including jewellery, apparels eating, joints etc
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.