Best Personal Loans in Sadashivanagar, Bangalore
Sadashivanagar is considered to be one of the most expensive residential localities in Bangalore and is a part of Northern Bangalore. Sadashivanagar back in the 1960s was the royal gardens, which was nothing short of dense forests. This gave way to a residential area which initially was called Palace Orchards and is now known as Sadashivanagar. Boating at the famous Sankey Lake at one time used to be a tourist attraction. The footfalls to Sankey lake have reduced as boating as an activity is not allowed now. However, a fantastic path along the lake is a walkers delight.
Sadashivanagar is in close proximity to places like Hebbal, Malleshwaram, Sheshadripuram and multiple more areas. There are also many schools in Sadashivanagar, one being the Poorna Prajna Education Centre which is managed by the Admar Mutt Trust. There are also multiple clinics and hospitals such as Nova health care, Apollo Clinic, Clumax and many more.
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.