Personal Loan in Kochi

Salaried Self-Employed

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

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Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

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Minimum Turnover Should Be Rs. 3 Lakhs!

Turnover Limit Exceeded !

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

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Personal Loan in Kochi

Overview of Personal Loan in Kochi

Personal Loan in Kochi is an unsecured Personal Loan in Kochi which offers proper funding to help you overcome any financial crisis without taking any collateral as security. Many personal loan providers in Kerala offers easy Personal Loan in Kochi by asking for minimum documents. With the help of personal loans in Kochi Kerala, you can meet almost all kinds of monetary needs such as- medical expenses, pay off any ongoing debts, child’s education, repairing the house and much more. You cam avail urgent Personal Loan in Kochi from Rs. 25,000 to Rs. 25 lakhs with easy EMI and flexible loan tenure up to 5 years. For obtaining low interest Personal Loan in Kochi, you need to have a decent income with good repaying capacity and CIBIL score of 750 or above.

Why you should opt for Personal Loan in Kochi?

Kochi also called as ‘Cochin’ is a significant port city in India and is often known as ‘Ernakulam’. The city is highly populated area and is ‘The Commercial Capital of Kerala’ which raised the need for personal finance and thus the demand for Personal Loan in Cochin has increased. You can opt for Personal Loan in Ernakulam Kochi Kerala to meet your financial needs without keeping any security. With the help of Personal Loan in Cochin Kochi Kerala, you can avail loan amount up to Rs. 25 lakhs for a tenure of 5 years.

Following are the reasons as to why should you opt for Personal Loan in Cochin-

  • Low cibil score Personal Loan in Kochi is charged at a higher interest rate.
  • Based on your loan eligibility, Personal Loan interest rates in Kochi varies.
  • Easy Personal Loan in Kochi gets easily approved and disbursed with easy EMI option.
  • You can avail Online Personal Loan in Kochi which helps in applying for the loan at your own place and time.
  • Personal Loan in Ernakulam Kochi Kerala offers attractive interest rates with low processing fees and no hidden charges.
  • Unsecured Personal Loan in Kochi offers a hassle-free loan process without taking any security or collateral.
  • You can avail best Personal Loan in Cochin by comparing personal loan interest rates in Cochin.

Eligibility Criteria for Personal Loan in Kochi

To avail low interest Personal Loan in Kochi, you need to apply for Personal Loan in Kochi at a young age as you will have a higher repaying capacity. Also, you must have a stable income source with good credit history reflecting in your credit score that must be at least 750 or above to get easy Personal Loan in Kochi.

Following are the common eligibility criteria for Personal Loan in Cochin that must be satisfied-

Personal Loan in Kochi Eligibility Criteria

Salaried

Self-Employed

Age

21-60 years

25-65 years

Credit score

750 or more

750 or more

Income

Min- Rs. 20,000

Min Turnover- Rs. 1 crore

Profession

Working in govt organization, private sectors or MNCs.

Sole proprietorship firms, Business Professionals, private or public ltd. companies, partnership firms etc.

Amount of Loan

Up to Rs. 25 lakhs (varies with the financial institution)

Up to Rs. 30 lakhs (differs for different bank)

Work Experience

Minimum 2 years and at least 1 year in the present company

Stable Business Continuity for a minimum 3 years

Documents required for Personal Loan in Kochi

Here are the documents that are required for Personal Loan in Kochi-

  • Filled loan application form
  • ID proof- PAN Card, AADHAR Card, Ration Card.
  • Passport size photo
  • Address Proof- Utility Bills like- Gas, Water or Electricity Bills, Passport, Driving License.
  • For Salaried

    • Updated bank Statement of past 6 months.
    • Form 16.
    • Salary slip of last 3 months.
  • For Self-Employed

    • Balance Sheet of past 2 years and Copy of Profit & Loss statement of past 2 years
    • Last 3 years details of ITR.
    • Verified papers of Sales Tax Certificate/Trade License/Partnership Deed/Memorandum and Articles of Association.

Personal Loan Interest Rates in Kochi of different Financial Institutions

You can easily avail Personal Loans in Kochi by comparing Personal Loan interest rates in Kochi of all banks and NBFCs-

Banks

Loan Tenure

Interest Rates

Pre-Closure Charges

Processing Fees

YES Bank Personal Loan in Kochi

1-5 years

14%*

Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges.

2% or 3% of the principal

Kotak Mahindra Bank Personal Loan in Kochi

1-5 years

11.25%*

5% of outstanding principal.

Up to 2.5%

HDFC Bank Personal Loan in Kochi

1-5 years

11.25%*

Between 2% to 4% of the outstanding principal.

Up to 2.50%

SBI Personal Loan in Kochi

1-5 years

12.50%*-16.60%*

3% of the prepaid amount (after 1st EMI)

Up to 3% of the loan amount

Fullerton India Personal Loan in Kochi

1-5 years

17.25%*

4% of outstanding principal.

Up to 2%

Aditya Birla Capital Personal Loan in Kochi

1-5 years

11.75%*

4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.

1% of principal.

Axis Bank Personal Loan in Kochi

1-5 years

15.50%*

NIL

Up to 2.00%

ICICI Bank Personal Loan in Kochi

1-5 years

11.49%*

5% of outstanding principal + GST

Rs. 999*

Capital first Personal Loan in Kochi

1-5 years

16%*

4% of outstanding

Up to 2.49% of the loan amount

Indiabulls Venture Capital Personal Loan in Kochi

1-5 years

11.99%*

5% if less than 6 months.

Up to 5%

Bajaj Finserv Personal Loan in Kochi

1-5 years

14.75%*

NIL

Up to 3%

IDFC First Personal Loan in Kochi

1-5 years

10.99%*

4% of outstanding

2% – 4%

IndusInd Bank Personal Loan in Kochi

1-5 years

12.99%*

4% of outstanding principal

Up to 2.50%

TATA Capital Personal Loan in Kochi

1-6 years

13.99%*

4.5% of the outstanding principal. And NIL for the initial 6 months

Up to 2%

ECL Finance Personal Loan in Kochi

1-5 years

17.50%*

4% of principal amount outstanding+GST

Up to 2% of the loan amount

*Interest rates change time to time.

FAQ’s

The processing fees for Personal Loan Interest Rates in Kochi lies up to 3%.
The minimum age criteria for Personal Loan in Kochi for salaried and self-employed individuals range from 21 to 60 years and 25-65 years respectively.
Yes, you can preclose your Personal Loan in Cochin by paying certain fees that is charged as per the norms of financial institution.
*Interest rate and Loan approval are subjected to band discretion and approval.