Best Personal Loans in Murugeshpalya, Bangalore
Murugeshpalya is a bustling residential settlement which lies just off the old airport road in Bangalore. The most important landmark in the area is the Shiva temple which contains a huge statue of the deity. The area leads into upcoming localities behind the airport complex such as Yemalur. The main road also lead to the offices of Volvo and other major companies. Many entrants in the IT sector prefer this locality because of its proximity to IT parks like EGL and Divyasree Technopolis.
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.