Best Personal Loans in Domlur, Bangalore
Domlur is located in the east part of Bangalore near the old airport and is a fast developing locality due to the many IT corridors and business parks located nearby. The most famous of these is the Embassy Gold links with companies such as Microsoft, IBM, NET APP, Goldman Sachs, Yahoo and so on located here. The famous five start hotel Hilton is also located in EGL.
Domlur has a Golf course of the Karnataka Golf Association which was developed in 1980 and is spread over 125 acres. This area is also home for various military establishments like the Indian Air Force, EME Workshop, and ASC (Army Service Corps).
Domlur is close to famous residential and commercial areas such as Indiranagar, Jeevanbhimanagar, Koramangala etc. Many well-known residential properties of Purvankara, Prestige, Diamond district are located within 3 – 5 kms range to Domlur. Indiranagar is home to various restaurants with several big brands having their outlets in this area.
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.