Best Personal Loans in Kanakapura Road, Bangalore
Kanakapura Road is situated in the South part of Bangalore and falls under the Urban Bangalore Jurisdiction. It is considered to be a part of the Ramanagar district which is also the Silk City of India. Kanakapura lies on NH 209 and is situated along the Kanakapura road which is distanced around 27 kms. Kanakapura is known for its dense greenery as well as open space that stretch along Kanakapura Road which is now a sought after residential locality. People from Bangalore love the drive along Kanakapura road which is also very close to the Bannerghatta National Park.
The Bilikalli Hills and Sangama are two of the famous tourist spots in Kanakapura. Arkavathy and Kaveri are about 33 kms from Kanakapura. Kannada is the local language and Ugadi is the most famous festival celebrated out here.
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.