Best Personal Loans in Electronics City, Bangalore
Electronic City is one of the IT hubs in Bangalore situated in the Anekal Taluk in Urban Bangalore. This concept of setting up an IT tech park was the brilliance of Mr. R.K. Baliga who was the then Chairman and MD of KEONICS. This is one of India’s largest tech parks spanning across 330+ acres. Most of the leading IT/ITES companies such as Infosys, Wipro, etc have their setup in Electronic city. With an exponential increase in footfalls in electronic city, the road leading to it needed expansion. This resulted in the development of one of the longest elevated highway of approximately 9.9 kms which starts from Silk board all the way to electronic city. This is about 30 kms from Hosur which a part of Karnataka’s neighbouring state, Tamil Nadu.
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.