Best Personal Loans in Horamavu, Bangalore
Horamavu is one of the fastest growing suburbs adjacent to Ramamurthy Nagar, Banaswadi and Kalekere. Horamavu is strategically situated along the outer ring road and just 3 kms from KR Puram railway station. Manyata Tech Park which is at close proximity to Horamavu has been instrumental in the development of this area. The complete area is well defined into localities and colonies which is punctuated by roads and crosses.
The unprecedented real estate development has been one of the primary reasons for damages in this area such as lakes as well as the Raja Kaluve in Horamavu. There are small urban challenges faced by residents of this area. But these challenges have not deterred the potential development of this area with a high influx of IT professional into Bangalore. This area is also relatively economically and well connected to tech parks in Whiteflied.
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.