Best Personal Loans in Marathalli, Bangalore
Marathalli derives its name from a combination of a Sanskrit and Kannada word. Marut in Sanskrit refers to the God of Wind and Halli in Kannada means village. Marathalli is along the outer ring road in Bangalore and closely situated to whitefield, Sarjapur, K.R Puram, old airport road, etc. This has been one of the areas which has benefitted the most with the IT boom. This houses the first Multiplex in Bangalore i.e. the Innovative Multiplex. Marathalli is also very famous for the factory outlets of multiple leading retail brands such as Nike, Levis, Lee, Fila, etc. There is a surge in the property value in Marathalli primarily credited to being of the 1st developed suburbs and continuously scaling new highs. There are multiple tech parks and companies which have setup operations in Marathalli
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.