Best Personal Loans in Kondapur, Hyderabad
Kondapur is located in the IT zone of Hyderabad and it has developed in the last 10 years. It is now one of the most sought after and expensive residential areas in the city. The area has a lot of commercial and shopping areas as well as offices of some of the biggest companies in the city. The area is famous for the Hi-Tec exhibition centre and is just 2 kms away from the Shilparamam cultural centre.
Personal loans in Hyderabad 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 Hyderabad 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 Hyderabad such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Hyderabad such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.