Personal Loan Kochi

Personal Loan Rates EMI 2017 239 views

About Kochi

Kochi is renowned as a major port city on the southwest coast of India. Known as the Queen of the Arabian Sea, Kochi used to the most important spice trading centre on the western coast of India during the 14th Century. Kochi is estimated to figure among the 440 emerging global cities that are expected to contribute around 50% of the GDP worldwide by 2025. Being the commercial capital of Kerala, Kochi houses Cochin Stock Exchange as well as a recently opened SEBI office.

About Personal Loan

Be it the desire of having a lavish wedding ceremony to fulfilling the immediate fund requirements, it's the personal loan that helps you sail through. With a tenure of upto 5 years and available at attractive interest rates, a personal loan is worth availing it. You can avail a personal loan from banks and non-banking finance companies (NBFCs), which are there in plenty at Kochi.

Personal Loan Kochi in a Nutshell

ParticularsDetails
Interest Rate11.00% - 25.00%
Processing Fee1%-2.50% of the loan amount plus service tax, if any
Prepayment/Part-payment Charges3%-5% of the principal outstanding
Tenure/Repayment1-5 years
Lowest Per Lakh EMI₹ 2,204-2,935

Eligibility Criteria to Avail Personal Loan in Kochi

  • A salaried professional must be atleast 21 years old at the time of loan application. For self-employed, it is 24 years. When the loan tenure is about to be over, the maximum age of salaried and self-employed must not be over 58 years and 65 years, respectively.
  • While salaried must earn a net monthly income of ₹ 20,000, self-employed should post an annual income of ₹ 1,00,000.
  • A minimum work experience of 1 year is needed for a salaried. Whereas, self-employed must stay in the same area of business for atleast 3 years.

Documents Needed to Avail Personal Loan in Kochi

  • Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
  • Address Proof- Utility bill/Passport/Aadhar card/Voter ID
  • Income Proof- Latest Salary Slip/ ITR/Form-16
  • Bank Statement- Last 3-6 Month Bank Statement

Branch Address & Personal Loan Interest Rates of Top Banks in Kochi

Bank NameMain Branch AddressRate of Interest
State Bank of India (SBI)Kandathil Complex, P T Jacob Road, Thoppumpady, Kochi, Kerala-68200511.90% - 16.55%
HDFC BankMKS Towers, Sahodaran Ayyappan Rd, Kadavanthra Junction, Giri Nagar, Kadavanthra, Kochi, Kerala- 682020

10.99% - 19.50%

ICICI BankD D Oceano Mall, Marine Drive, Kochi, Kerala-68203111.00% - 18.49%
Axis BankG282, 27/704, Ground Floor & 1st Floor, Panampilly Nagar, Main Avenue, Ernakulam, Kochi, Kerala- 682036

15.50% - 24.00%

Punjab National Bank (PNB)33/2147B, Riddhi Tower, Palarivattom,, shoba road, Salem - Kochi Hwy, Vennala, Kochi, Kerala-682028

11.90% - 14.90%

Bank of IndiaC.C.VI/961(A), Bazaar Rd, New Road, Mattancherry, Kochi, Kerala-68200212.00% - 14.00%
Bank of BarodaPalace Road, Kappalandimukku, Mattancherry, Kochi, Kerala- 682002

11.60% - 16.50%

Central Bank of India1st floor,Kallelil Building. Kadavanthra Junction, Sahodaran Ayyappan Road, Elamkulam, Kochi, Kerala 68202010.15% - 12.40%
IDBI BankShihab Thangal Road, Panampilly Nagar, Kochi, Kerala 68203612.49% - 13.49%

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