Best Personal Loans in Cox Town, Bangalore
Cox Town is a well known settlement which falls under the aegis of the Bangalore Cantonment area. It lies towards the north of the Cantonment and is surrounded by area by other suburbs like Cooke Town, Frazer Town and Ulsoor. The area was named after civil servant from the days of the British Raj. Coz Town is a posh and affluent locality housing people with a liberal attitude. It is a preferred place to live in the city with many neat cafes and eateries.
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.