Best Personal Loans in Hsr Layout, Bangalore
HSR Layout, located between Sarjapura and Hosur Road, is famous for its greenery and calm surroundings. This is relatively a new suburb and gaining a lot of investment interest in the recent past. This locality is further divided into multiple sectors with a BDA complex centrally located. HSR layout is in close proximity to areas like Electronic City, Sarjapura, Jayanagar, Koramangala, etc. Several renowned institutions in HSR include JSS Public School, Oxford College and National Institute of Fashion Technology (NIFT) and couple more. Like any other quick developing locality in Bangalore, HSR layout now boasts of multiple eateries, banks, retail outlets, medical establishments, etc
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.