Best Personal Loans in Malleshwaram, Bangalore
Malleshwaram is considered as one of the oldest localities in Bangalore and it is situated in the north western part of Bangalore. Malleswaram gets its name from Kaadu Malleshwara temple, a very famous temple in Malleshwaram. H.V Nanjundaiah has been given the credit for founding of Malleshwaram and 6th Main Road Malleshwaram is named after him. Some of the famous personalities in this area include Novel Laureate C.V Raman, famous scientist Kasturirangan also the famous badminton world champion Prakash Padukone. Filim start Saroja Devi and Jaggesh also come from Malleshwaram.
Malleshwaram is an ideal blend of middle and upper/elite class population. East Malleshwaram is the house for the middle class and the western part of Malleshwaram houses the elite class. 8th cross on Malleshwaram is famous for shops and multiple fruit and vegetable vendors. The famous Chowdiah Memorial Hall was built after the famous violinist Tirumakudalu Chowdiah.
Cloud Nine, the famous child care hospital is in the heart for Malleshwaram. Malleshwaram Education Society better known as MES is one of the oldest and renowned education institutions in Bangalore. The neighbouring localities of Malleshwaram include Sadashivanagar, Palace Gutthali, Rajajinagar, Seshadripuram and so on.
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.