Best Personal Loans in Prahlad Nagar, Ahmedabad
Prahlad Nagar, one of the prime residential areas in Ahmedabad is located in the southwest part of Ahmedabad. Prahlad Nagar is seeing a surge in property prices with some keen interest from investors, builders, realtors and individuals too. This can be attributed to the IT parks and business centres present in Prahlad Nagar. There are multiple parks, gardens and small lakes around this area. With the River Arcade shopping mall and multiple retails outlets like Reliance Fresh and the likes, the daily needs of most people are met at a stone’s throw. Many educational institutions and hospitals can be found in and around Prahlad Nagar.
Personal loans in Ahmedabad 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 Ahmedabad 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 Ahmedabad such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Ahmedabad such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.