Best Personal Loans in Indiranagar, Bangalore
Indiranagar was formed by the Bangalore Development Authorities back in 1980’s. This locality boasts of multiple bunglows and hoses and is a perfect blend of commercial and residential establishments. Indiranagar is one of the most expensive localities in Bangalore surrounded by areas like Ulsoor, Koramangala, Domlur and, Byapanhalli. The 1st metro line in Bangalore between M.G. Road and Byapanahalli traversed via Indiranagar via the CMH road junction. Indiranagar Club which spans over 2.5 acrs is situated close to Sangeetha Sabha which hosts multiple dance and music concerts.
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.