Best Personal Loans in Rajarajeshwarinagar, Bangalore
Rajarajeshwari Nagar is one of the better residential and commercial areas of Bangalore and it has seen great development in the last decade. It is located in south Bangalore along Mysore road and is well connected to the city of Bangalore. The area is divided into five stages and it is next to a green belt. Coconut groves and eucalyptus plantations coves major part of this region. There is a marvellous arch constructed at the entrance of this area. The arch was built by the Rajarajeshwari Temple and was inaugurated by the then Prime Minister P. V. Narasimha Rao.
Rajarajeshwari Nagar has derived its name from the famous Rajarajeshwari temple and the hosakerehalli lake near this area. It has several shopping malls such as Big Bazaar, Total Mall, Gopalan Mall and luxurious residential houses and apartments. There are several educational institutions around the area, few of which are Global Academy Of Technology, DBA Global Business School, Mangala Institute Of Management Studies, and also several reputed engineering college like PES, RV, Ambedkar, GAT, RNSIT, JSSATE and SJBIT.
The Global Village Tech Park is also located in Rajarajeshwari Nagar and it is spread over 120 acres. This is very famous among techies and students, some of the companies in the Park are Accenture, Crompton Greaves, Mindtree, Mphasis, NTT DATA, Sonata Software, Texas Instruments, Textron etc. Omkar Hills and Shridhar Gudda, just five minute drive from Rajarajeshwari Nagar, are famous weekend getaways.
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.