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Bangalore Personal Loan are given by most major banks and financial institutions to individuals without asking for the requirement or need in Bangalore. 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. Some reasons for availing a Personal Loan in Bangalore include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Bangalore, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Bangalore. 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.
Bengaluru (earlier known as Bangalore) is the capital city of the state of Karnataka in south India. Known as India’s IT hub and the city of gardens, the city is an amalgamation of the traditional and the modern. Bangalore is a melting pot and a destination of choice for India’s young professionals and general working population.
Urban Bengaluru is made up of a total 198 wards and nearly all banks and financial institutions are represented throughout the city.
There are multiple banks and NBFCs which offer various services in Bangalore and have their branches spread across the city. Apart from traditional banking, these banks offer services like retail lending including personal loans, investment services, commercial finance, wealth management etc. While NBFC’s do not offer the retail or commercial deposits, they offer services including loans, rural and consumer finance. Some of the major banks and NBFCs in the city offer these services include:
ICICI Bank- is the second largest private sector bank in India which has approximately about 89 full and part service branches in the district of urban Bangalore.
HDFC Bank- is the largest private sector bank in the country and operates in Bangalore district from approximately about 141 branches.
Axis Bank- is the third largest bank in the country in the private sector and operates about 50 branches in the district of urban Bangalore.