Best Personal Loans in Kothrud, Pune
Kothrud is one of the oldest suburbs located in the western part of the city of Pune. It was in history also known as Kothrud Baag. It has grown in recent times as a residential hub with a big upswing in real estate development. The place is known for the ancient Dashabhuja and Mrityunjaya temples which date back to the time of the Peshwas. It is an upcoming IT hub for IT services and also contains industries of note. Educational Institutions like Institute of Management and Entrepreneurship Development are located here.
Personal loans in Pune 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 Pune 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 Pune such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Pune such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.