Best Personal Loans in Vijayanagar, Bangalore
Vijayanagar, a locality in the western part of Bangalore that got its name from the famous Vijayanagar empire which flourished back in the 16th/17th century. This is very close to some of the famous stretches in Bangalore such as the Cord road, Mysore Road, Magadi road and the likes. Vijayanagar was earlier known as Hosahalli which was the home for large upper middle class families. The famous Binny Mills is in close proximity to Vijayanagar. The Maruthi Mandir, the Shiva Ganapathi temple and Adhichunchunagiri temple are some of the famous temples in Vijayanagar. The largest public library in Karnataka is situated centrally in Viajayanagar.
Some of the renowned engineering colleges such as R.V College of Engineering, PESIT, RNSIT and many more are easily accessible from Vijayanagar. The famous National Law School is in Nagarbhavi which is one of the neighbouring localities of Vijayanagar. Nagarbhavi, Attiguppe, Bapujinagar are some of the localities that surround Vijayanagar.
The Vijayanagar Bus stop serves as a transit point for most people who strive on public bus service in Bangalore.
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.