Best Personal Loans in R T Nagar, Bangalore
Ravindranath Tagore Nagar, better known as RT Nagar was built in the 1970’s and was surrounded by villages such as Gangenahalli, Matadahalli and the military campus. This was built by the BDA and now falls under the BBMP. It is well developed with multiple residential properties, educational institutions, clubs, shopping malls and so on around the area. R.T Nagar neighbours Sadashivanagar and Dollars colony which are considered affluent localities in the city. The RT Nagar post office was set up during the development of RT Nagar which gave further impetus to the development of the locality.
Some of the prominent educational institutions in the area include Florence Public School, Newton Pubic School, Rajiv Institute of Technology and many more. There are also multiple recreational establishments such as clubs, parks and so on.
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.