Best Personal Loans in Worli, Mumbai
Worli is a sea facing suburb on the western coast of Mumbai. The area is a highly valued residential and commercial locaility. Worli was one of the original seven islands which made up the city of Mumbai before reclamation. It was primarily a fishing town till its development and link to the mainland. Worli is famous for Haji Ali mosque which rests on an island in the sea connected by a path only available at low tide. It is also known for the Worli-Bandra sea link which was constructed recently.
Personal loans in Mumbai 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 Mumbai 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 Mumbai such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Mumbai such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.