Best Personal Loans in Okkiyam Thuraipakkam, Chennai
Okkiyam Thoraipakkam also known as Thoraipakkam is one of the best commercial and residential areas of Chennai. This has easy proximity to airport, IT hubs, educational, and medical institutions and serves for easy and quick movement of traffic between different regions of Chennai. All the major banks have their branches in Thoraipakkam
Personal loans in Chennai 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 Chennai 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 Chennai such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Chennai such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.