Personal Loans ranging from Rs.25K to Rs.25L with a tenure starting from 6 months.
35
Banks / NBFCs
20K
Customers
18
Months in Operations
Personal Loan in Mysore can be taken by an individual who is in an urgent need of cash. The money is provided instantly by multiple banks and NBFCs. Personal loans in Mysore can be obtained with ease as it does not have a lengthy process and minimal documentation is required. The loan amount ranges from Rs. 25,000 to Rs. 25 Lakhs with a tenure period of one to five years.
Personal loan is an unsecured loan which means, you do not have to put any collateral against the loan. Usually, the loan can be used for multiple purposes, right from paying your education fees, covering wedding expenses, purchasing personal durable goods, travel expenses etc. moreover, a personal loan can also be obtained to pay off multiple unpaid loans by opting for debt consolidation or balance transfer.
For getting a personal loan in Mysore, you must have a good credit score i.e, above 700. A good credit score will help you to get a loan at a low interest rate. Apart from a good credit score, lenders would look at your monthly income, reputation of the company you work in and your home ownership type while assessing your credit worthiness.
Located in the foothills of the Chamundi Hills, Mysore is the third most populous and largest city in the state of Karnataka. Being the major industry to tourism, the city attracts millions of tourists every year. The city also consisted with major companies like Infosys, Wipro, ArisGlobal and Larsen & Toubro Infotech. With its flourishing economy, banks and NBFCs are seen to be expanding their business by providing multiple loans to their customers at an attractive interest rate.
To get a personal in Mysore at a good terms and conditions, it is advisable to carry out in depth research before you settle with one financial institution. There are multiple online portals who provides detailed information regarding the interest rate, processing fees, flexibility of tenure and pre-payment charges. Also, your credit score, your monthly salary, work experience, minimum age etc., will affect your loan approval procedure. A good credit score, usually above 700 will help you to get a personal loan at a low interest rate.
Many people fall into the trap of borrowing from private lenders who charge a very high rate of interest. At times, the interest rates can go as high as 30%. It is advisable to turn to online lending platforms as the loans are provided at lower interest rates at these platforms. To get the best deal without going through a lot of trouble, online lending platforms such as IndiaLends.com are a good option. Applying for a personal loan online is convenient as most of the work is done by the online platform. When you apply online, your application is sent to various Banks and NBFCs according to your profile who make a lending decision after reviewing your application. Online platforms like IndiaLends operate without charging any extra fees or attached hidden costs.
A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.
*The figures provided in the table are indicative subject to change from time.
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Good Credit Score
Above 21 years of Age
Salaried professional
Resident of India
Valid Bank Account
PAN Card and Voter ID Card/Driving License
Bank Statements for the last three months
Salary Slip for last three months
Personal Loans in Mysore Reviews
Your reviews motivate us and help us make our service even better
Vishal Gautam
I was not able to get a personal loan since my CIBIL score was very low. IndiaLends helped me improve my credit health. As my credit score is 750 now, I am planning to apply for a personal loan once again.
5.0
Ram Desai
Based on the customer service, the overall experience with IndiaLends has been great. The security precautions that IndiaLends provides to their customers is definitely, by far, the best I've experience with any lending company till date.
4.0
Sania Singh
I really appreciate their service. As they do what they say. I applied for an unsecured personal loan with IndiaLends and it got disbursed within six days. Though the rate of interest is a bit high, but I guess it is fine when you are in urgent need of a cash.
3.0
Rashee Maggu
I applied for a personal loan at IndiaLends. The process was really swift and satisfactory. I really appreciate their customer service as they do wonderful job in showing right financial path to their customers.
4.0