Best Personal Loans in Mahanagar, Lucknow
Mahanagar is a residential area located in the heart of Lucknow adjoining areas like Aliganj, Hazratganj and Jakipuram. The area is known for the old schools located nearby like the Tender Hearts School and Carmel Convent School. The area is also close to malls like the Fun Republic and Dr. Ram Manohar Lohia Park. A proposed metro station is coming up in Mahanagar.
Personal loans in Lucknow 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 Lucknow 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 Lucknow such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Lucknow such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.