Best Personal Loans in Thanisandra, Bangalore
Thanisandra is located in the south of the city and falls under the Bangalore urban district area of Karnataka. There are several new layouts in this area including MS Ramaiah North City, Anam Enclave, Telecom Layout (Sanchar Nagar) with the New apartment complex of Shoba and few others in development.
Thanisandra area was selected for development with the expansion of the main road as an alternative road to Bangalore International Airport. It is very close to outer ring road and once the expansion is completed it will be well connected to the Manyata Tech Park. Manyata is a home for several MNCs such as NTRS, IBM, ANZ, Fidelity, Cognizant etc.
Manyata has around 100,000 employees and real estate is in great demand in this area. Famous construction firms such as Sobha, ATZ, SEX, NItesh etc are building several residential properties in this area. This suburb is now part of Bangalore Mahanagara Palike, who are working towards extending better water and electrical facilities in and around this area.
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.