Best Personal Loan Providers in Mohali
Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Mohali. 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. Some reasons for availing a Personal Loan in Mohali include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Mohali, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Mohali. 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 Mohali 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.
Mohali is the sister city to Chandigarh and is situated in the northern Indian state of Punjab. The city nicknamed Sahibzada Ajith Singh Nagar has grown to be an important economic and political hub in Punjab due to its proximity to Chandigarh and the national capital New Delhi. Mohali is a planned city developed in extension of Chandigarh but the history of the place goes back to an earlier age. The importance of the city also stems from its fast growing status as in IT hub. Administratively, Mohali is divided into 35 wards which structure it for better maintenance. The economy of the city is mainly industry based with the presence of companies like ICI Paints, Godrej Group, Quark, Philips apart major IT companies. Mohali can also talk of its educational institutions like Universal Group of Institutions, Indian School of Business (ISB), Indian Institute of Science Education and Research, National Institute of Pharmaceutical Education and Research (NIPER), Shaheed Udham Singh College of Engineering & Technology, Chandigarh Engineering College etc. The city is famous for its cricket stadium of the PCA where many international and domestic matches are held every year. Other places to visit in and around the city include Rose Garden, Bougainvillea Garden, Silvy Park, Valley Park, Musical Fountain Park, Baba Banda Singh Bahadur War Memorial, Fateh Burj, Dr. Diwan Singh Kalepani Museum among others.
Personal and Business loans in Mohali are advanced for amounts ranging from Rs. 50,000 to Rs. 45,00,000 and the funds can be used for a variety of reasons ranging from travel, wedding/marriage, medical, home renovation to balance transfer and debt consolidation. As a loan seeker you should consider factors such as tenure, pre-payment, amount apart from low rate of interest before you avail an offer. As a professional doctor, CA, CS, Architect with private practice, you can avail higher amounts and better interest rates from banks and NBFCs. Women entrepreneurs are also encouraged with special offers on business loans by them.
Multiple banks and NBFCs have branches across the vast city of Mohali in general. Most provide full service operations in the city with may branches catering to customers with a requirement of personal loans and business loans. Apart from this they also provide the whole bouquet of services including core banking, commercial lending, asset management, investments etc.
If you are looking to find out which bank is best for personal loan in Mohali then click on the apply online link and feed in your eligibility. Based on the factors we will present the banks which provide the best deal for your requirement. There are no set criteria for which bank is best for personal loan in Mohali as the basis of getting a low interest rate depends entirely on your eligibility. The banks will look at your CIBIL Score, employment, salary and other factors before advancing you a loan. In cases where you do not have a credit score and need a personal loan in Mohali without CIBIL check, you can approach private and individual lenders through this platform. We provide a platform that aggregated various types and categories of lenders to suit each requirement.