Best Personal Loans in Seshadripuram, Bangalore
Seshadripuram is a well-known residential locality in the central part of Bangalore. It is surrounded by areas such as Rajajinagar, Palace Guttahalli, Chickpet and Shivajinagar. It is named after the famous advocate Sir Kumarapuram Seshadri Iyer who served as Dewan of Mysore under Wodeyar family for the longest time.
Sir Seshadri Iyer is also regarded as the "maker of modern Bangalore" as he worked during a devastating plague which afflicted Bangalore in 1898 and was responsible for the decongestion of streets and reconstructing the city in the aftermath of the plague.
Bangalore Palace is also situated right next this area. This area has several popular printing presses, cyber centers, educational institutions, advocate offices and tailoring shops. Jamia Masjid is the big mosque in the locality and also houses temples like Dattatreya temple, Raghavendra mutt, Uttarayana temple, Muneshwara temple etc. National Tuberculosis Institute is situated on Bellary road, Guttahalli next to Cauvery Theatre. Popular Sankey Tank lake is situated very near to the area.
Sheshadripuram College is one of the oldest and most famous educational institutions in Bangalore is also located in this area. The area is also famous for several eating joints like Gullu’s, Chetty’s etc which are famous among college goers.
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.