Best Personal Loans in Hosur Road, Bangalore
Hosur Road is located on the east side of Bangalore connecting the city to Chennai, the capital of Tamil Nadu through National Highway 7. It is a well laid out road that runs from well inside the city all the way to the border. It is well known for connecting the famous IT park Electronic City to Bangalore giving the residents free access to different areas inside Bangalore. The emergence of Electronic City had led to a lot of development in all areas surrounding Hosur Road.
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.