Best Personal Loans in Devanahalli, Bangalore
Devanahalli is a town located in the Bangalore rural district of Karnataka state. Located 30 – 40 kilometres north to Bangalore, it is a fast developing area due to its proximity to the Bangalore international airport which is the second largest airport in India. The airport caters to 15 million passengers a year. There are plans to develop IT parks, Aerospace Park, Science Park and a 1000 crore-rupee Financial City in this area.
Devanahalli is developing as a significant commercial and residential area and current demand for real estate is quite high. The total infrastructure here is expected to reach Rs. 30 billion by 2018. Devanahalli is also the birth place of Tipu Sultan who was the ruler of Mysore.
The famous Venugopalaswamy Temple is located near Devanahalli Fort. The temple is huge and its walls depict various scenes from Ramayana and the pillars have beautiful statues carved on them. The new satellite ring road will connect this area to Doddabalapur which is famous for its wine yards grape farms and silk weaving.
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.