Best Personal Loans in Whitefield, Bangalore
Whitefield, located in East of Bangalore is one of the most buzzing areas in Bangalore. Back in 1990, Whitefield was just a small village in the outskirts of Bangalore and today is also one of the most sought after localities that attract both individuals as well as commercial establishments. There are multiple IT parks around Whitefield, the most famous being the International Tech Park. Other tech parks include the Brigade Tech park, Prestige Tech park, RMZ NXT, etc. It is also well known for the Satya Sai Baba’s Ashram visting by thousands every year. Whitefield is surrounded by localities such as Hoodi, Kadugodi, Hope farm, Brookfield, Channasandra.
With a spike in working population as well high end residential complex, Whitefield has also seen some entertainment establishments such as multiplexes we all many dine out places including high end pubs.
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.