Best Personal Loans in Hennur, Bangalore
Hennur is an area located towards the north of Bangalore which has come into prominence in the last 10 years. The area is connected to the city by the Hennur Main Road which travels from near the airport till Lingarajapuram passing through other areas like Kacharkanahalli. Hennur is has gained prominence as a residential hub due to its proximity to the international airport which has led to a lot of construction activity. It is located just off the Outer Ring Road which connects to the Manyata Tech Park which also adds to its attraction as a place of residence.
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.