Best Personal Loans in Jpnagar, Bangalore
Not many are aware the J.P. Nagar stands for Jaya Prakashan Narayan is located in south Bangalore and close proximity to other well established residential areas such as Jayanagar, Banshakari, BTM Layout, Bannerghatta road, etc. This are came into existence during the tenure of ex-chief minister, Ramakrishna Hegde and was promoted by BDA. J.P Nagar as an area boomed in the late 1990’s/early 2000’s which came along with the IT boom. This locality houses some of the prominent personalities Girish Karnad, Ambreesh, Javagal Srinath and many more. There are multiple education institutions such as R.V Dental College, FAPS, St. Paul’s English school, etc along with some fine eateries such as Barbeque Nation, Inchara, Nandini and many more. J.P Nagar also has 3 lakes namely the Sarakki Lake, Chunchugatta lake and the Puttenahalli lake.
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.