Best Personal Loans in M G Road, Bangalore
Mahatma Gandhi Road also known as M.G. Road is a well-known area in Bangalore, India. It runs from Trinity Circle at one end to Anil Kumble circle at the other. It was renamed as Mahatma Gandhi Road on 26 February 1948. M. G. Road is one of the busiest areas with a lot of commercial complexes, restaurants, theatres and offices.
The new add on to M.G. Road is Namma Metro Railway Station. This metro station was completed and services launched on October 20, 2011. The Bangalore Metro line that runs through MG Road, connects to the eastern part of Bangalore which is Baiyappanahalli station. M.G. road is home for all the major banks and its main offices like Citi, Kotak Mahindra, SBI, Standard chartered and so on.
Church street and Brigade Road are the biggest commercial centres and busiest shopping areas of Bangalore. Brigade road connects M G Road and Residency Road in the city. It has outlets of all international and local brands. There are several restaurants and eating joints on M.G. road. Several five star hotels such as Taj, Hyatt are located in M.G. road.
New Year celebration is something you don’t want to miss on Brigade road. There are many shops, restaurants, pubs and other happening places in the area. Parking meters were imported from France to manage the 85 parking slots on the road. On an average, 1400 cars, park in a day in this area.
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.