Best Personal Loans in Silk Board, Bangalore
Silk board is located near Bangalore-Hosur Road which is part of National Highway 7 that connects the city of Bangalore, and border town of Hosur in Tamil Nadu’s Krishnagiri district. The four to eight-lane highway with service lanes is a busy road due to many industrial and IT business parks located in this area. The famous IT Park Electronics City is also located alongside Hosur Road.
Bangalore Elevated expressway starts from Bomanahalli after the Central Silk Board flyover and goes on up to Electronics City. It goes above the BMIC flyover on Hosur Road, at a height of 17 meters (56 ft), thus making it, Bangalore's tallest flyover.
There are several peripheral roads under construction such as Nandi corridor and Hosur road. These roads will offer an alternate route for people who stay in the south-east and south-west sections of the city to reach Electronics City without having to go through a busy stretch. The National Highways Authority of India has constructed a 10-kilometer-long elevated highway from Madiwala to Electronics City. This toll road has made travel to Electronics City a lot easier. The Bruhat Bengaluru Mahanagara Palike and Bangalore Development Authority have planned a series of flyovers and underpasses to make this arterial road signal free.
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.