Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Kochi Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Kochi Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Average"
      0.5 4.5/5 "Excellent!"
      I am having the personal loan with the Bajaj Finserv and the interest rate is around 12%,. Further more, the loan amount got disbursed within a span of four days of time. Processing charges were really huge one when it comes to bajaj finserve .
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank has approved the loan within 48hours of time. The customer service is very good with HDFC bank. The rate of interest is nominal with HDFC bank. The processing fee and the charges are nominal with the HDFC bank. This loan tenure is for 4years.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The website of bank bazaar is very much helpful. The customer service always does a follow up with the customers on appropriate time and they will convey about the status of the product. The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have mentioned a incorrect address at the moment of verification from ICICI bank the ICICI executives told that they can approve the loan in my work place address not at my residence address . That was the reason I haven;t got the loan with ICICI bank .The rate of interest they have offered was high when compared with others banks.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC bank. They have approached me immediately and processed it. Here the rate of interest was 14.5% which is bit high comparing to other banks . They are providing door step service for documentation collection. My overall experience was good.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My experience with Bank bazaar was very good .Their customer service and responses was satisfactory and The website has an option called credit score which is very useful. This is my first experience and I am completely satisfied with Bank bazaar.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have approached ICICI bank for my personal loan. My experience was not bad .I didn't take the loan with ICICI because HDFC bank approached me first and offered me with the best interest rate so I have taken with them . I would like to rate them 5 out of 4. I have no idea about the rate of interest and fees and charges since I have not taken loan here.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 19, 2017
    • Bank Bazaar Personal Loan
      "Quick Process"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is excellent, you people done a great job and its best , I got quick response as well on my loan request. You guys have helped me on loan process. The website is also easy and very useful to compare and the best among them. I will always use Bank Bazaar for my banking needs.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 15, 2017
    • ICICI Bank Personal Loan
      "Response time has to be improved"
      0.5 1.0/5 "Really Bad"
      When I applied ICICI personal loan, I got a call from their executive, he told me they will get back me again. But I didn't get a call on time after two weeks again I got a call to collect the documents, then I don't have interest to process because of delay in response hence I dropped it.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 15, 2017
    • Bank Bazaar Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      There were no hassles at Bankbazaar, as they helped me get connected with the banks with ease. The website is good and there are no issues to navigate through it. It is simple and easy and very informative. There were follow up calls as well till the end of the process.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 13, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC Bank. The customer support is good and the process for me to get the loan through was easy. The rate of interest was around 10.99% fixed and the processing fees was of .1%. The after loan services are also satisfactory.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I would certainly say that I had received prompt service from Bankbazaar when I approached them for the loan. Their website is quite accessible. Customer service and their responsiveness are good also there are no issues with the overall service offed by them by them
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 02, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      It was good experience with ICICI for the personal loan, they had only taken three days to disburse the loan amount. I took a loan amount of Rs.75,000 from ICICI, they had charged minimum processing fee and Interest rate was good around 11.49% and it is very much reasonable and the EMI is for around 1 year of time
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 02, 2017
    • Bank Bazaar Personal Loan
      "One Destiny for all financial needs"
      0.5 4.5/5 "Excellent!"
      If I would have searched for the loan through direct source (i.e) Bank, it would have take some time, but when I approached Bank Bazaar for the personal loan they made the process short. I always prefer Bank Bazaar, rather than searching for the loan on my own. You guys are taking care pretty much well.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 01, 2017
    • ICICI Bank Personal Loan
      "Processing fee should be reduced"
      0.5 4.0/5 "Great!"
      It was good experience with ICICI for the personal loan, they had only taken three days to disburse the loan amount. I took a loan amount of Rs.80,000 from ICICI, they had taken Rs.2000 as processing fee and it was really high. Interest rate was good around 15.35% and it is very much reasonable.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 01, 2017
    • ICICI Bank Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I am not happy with the way, my personal loan was executed by ICICI. They have charged me a very high rate of interest when compared with other banks. The rate of was of 15%. The processing charges was also very high for the loan amount. There is also no mechanism to contact them or to check with them about this rate of interest.
      Was this review helpful? 0
      , kochi
      Reviewed on Jul 03, 2017
    • HDFC Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has done an excellent job for me on the personal loan. The team was very professional in the customer services. They contacted me on time and processed the loan and I also got a very good deal on the interest rate and processing charges.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 24, 2017
    • Bank Bazaar Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been great and they have done a great job for me. They kept continuously calling me and giving me the details and the updates. There were regular Emails as well. The website is perfect and the whole experience was perfect.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 24, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services"
      0.5 2.5/5 "Just OK"
      It has not been a good experience for me at ICICI Bank. I applied for the personal loan through an online channel and I was told by them that the loan was approved and I would be getting the fund. But the bank refused the loan at the last moment and rejected it without giving me any information.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 24, 2017
    • Bajaj Finserv Personal Loan
      "Good in interest rate"
      0.5 4.0/5 "Great!"
      When I found the interest rate is very high with ICICI bank, I approached Bajaj finserv for the personal loan where I got the interest rate of 14.25%. Processing fee also lesser than ICICI. Customer service is good and the process was smooth with Bajaj.
      Was this review helpful? 0
      , kochi
      Reviewed on May 25, 2017
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    Kochi Personal Loan is Rated as "Great!" by 191 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    Personal Loan BYTES FROM OUR KITCHEN

    Kochi Personal Loan

    Kochi or Cochin is an important port city located on the western coastline of India, along the fringes of the Arabian Sea.On the same note, it is often informally called the ‘Gateway to Kerala’ and taken to be the point to begin the exploration of the deep and profound beauty of the state.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Cochin Personal Loan if you are

    01
    02
    03
    04
    Cochin Personal Loan Minimum Age

    At least 21 years old

    Cochin Personal Loan Maximum Age

    Less than 65 years old

    Cochin Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Cochin Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Cochin Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Cochin Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Cochin Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Cochin Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Cochin Personal Loan amount by these steps

    01
    02
    Cochin Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Cochin

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Cochin Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Cochin Personal Loan Interest RatesUpdated on 24 Sep 2017

    Cochin Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loan in Cochin

    One of Kerala’s biggest port cities, Cochin has a population of over two million people. A large number of people who live in Cochin form part of the salaried class, and as a result, tend to take personal loans to meet their personal requirements which they otherwise would not be able to afford through their salaries and savings. Some of the most common reasons for the people of Cochin to avail personal loans include the purchase of vehicles and/or home appliances, home renovation, to pay for their weddings and other major ceremonies, etc. The reasons for the people to avail personal loans are aplenty, and due to their need for credit, personal loans have become not only popular, but also the most easily accessible financial product in the city.

    Personal Loans offered by various Banks in Cochin

    A large number of private and public sector banks as well as non-banking institutions in Cochin are ready to entertain individuals who seek personal credit. Some of the leading institutions in the city include Citibank, South Indian Bank, Tata Capital, Allahabad Bank, Kotak Mahindra, HDFC Bank, IDBI Bank, Canara Bank, Tamilnad Mercantile Bank, Indian Overseas Bank, Vijaya Bank, Bank of Baroda, Standard Chartered, IndusInd, State Bank of India, Oriental Bank, Fullerton, Aditya Birla, Capital First, Bank of India, ICICI Bank, Central Bank, Dena Bank, Indian Bank, Union Bank, Karur Vysya, UCO Bank, Yes Bank, etc. If you’re seeking personal loans in Cochin, the aforementioned institutions are worth considering as they offer the best terms and conditions in the city.

    How to Get a Personal Loan with the Lowest Interest Rate in Cochin

    A few factors require consideration when drafting an application for a personal loan in a manner such that you have access to competitive interest rates. The interest rate applicable to your credit will depend upon the lender from whom you choose to borrow. However, before you try to apply for a personal loan, it is very important to check your creditworthiness. Your credit score is directly proportional to your interest rate in the sense that the higher you’re score, the lower your interest rate and vice-versa. A good credit rating can help you not only avail the amount you require, but will also open the door to availing a relatively low and affordable interest rate. Credit scores that exceed 750 will make it considerably easy for you to get a high amount at a relatively low interest rate. It is also instrumental to carefully assess your financial requirements before drafting an application for a personal loan as borrowing a high amount that you don’t fully need will mean that you will have to deal with paying extra interest. Similarly, borrowing a lower amount and utilising it without meeting your personal requirements will mean that you may end up taking another loan to meet your requirements, thereby paying interest on the second loan as well. Make sure that you have assessed how much money you need as it will help in avoiding unnecessary expenditure towards interest payments.

    Personal Loan Interest Rates in Cochin 2017

    Several major public and private sector banks in Cochin offer personal loans to its residents. Following are the interest rates offered by the top banks for personal loans in Cochin:

    Bank Interest Rate
    Citibank 10.99% to 15.99% (Fixed)
    Standard Chartered 11.25% to 14.49% (Fixed)
    Capital First 12% to 18% (Fixed)
    Tata Capital 11.99% to 19.50% (Fixed)
    ICICI Bank 11.59% to 18.49% (Fixed)
    Oriental Bank 10.85% to 11.85% (Floating)
    HDFC Bank 11.49% to 19.8% (Fixed)
    IndusInd Bank 11.99% to 19% (Fixed)
    Fullerton 17.25% to 37% (Fixed)
    Kotak Mahindra 11.49% to 20.15% (Fixed)
    Aditya Birla 11.5% to 13.25% (Fixed)
    Allahabad Bank 13.10% (Fixed)
    Bank of Baroda 11.35% to 14.35% (Fixed)
    Bank of Maharashtra 12.75% (Fixed)
    Bank of India 13% to 14% (Fixed)
    Canara Bank 12.75% (Floating)
    Central Bank 11.4% (Floating)
    Dena Bank 13% to 14% (Fixed)
    IDBI Bank 12.45% (Floating)
    Indian Bank 12.65% to 13.65% (Floating)
    Indian Overseas Bank 13.65% (Fixed)
    Karur Vysya 13.35% to 15.85% (Floating)
    South Indian Bank 13% (Fixed)
    State Bank of India 12.90% to 14.90% (Fixed)
    Tamilnad Mercantile Bank 14.30% to 16.30% (Floating)
    UCO Bank 11.35% to 11.60% (Fixed)
    Union Bank 14.4% (Floating)
    Vijaya Bank 13.50% (Fixed)
    Yes Bank 14% (Fixed)

    Salary Requirements to avail Personal Loans in Cochin

    Every lender has certain requirements that must be met by individuals who wish to avail a personal loan. Applicants must be either salaried applicants or self-employed individuals and must provide the bank with a proof of income so that the bank can determine whether or not to consider their application. The salaried employees in Cochin are required to earn a monthly salary ranging from Rs.7,500 to Rs.50,000 at least if they wish to take a personal loan. Self-employed individuals on the other hand are expected to provide proof that they earn an income of at least Rs.1 lakh per annum if they are to avail credit.

    Cochin Personal Loan FAQs

    How long will the bank take to approve my application for a personal loan?

    The time taken to approve an application for a personal loan will depend from bank to bank. While some banks approve loan applications with 48 hours, some banks take at least a week. Usually a loan application is approved between two and seven working days.

    How much money can I borrow through a personal loan?

    The lender will determine the limit you have when it comes to taking a personal loan. A number of factors will be considered before the bank approves your application, but loans up to Rs.5 lakhs are disbursed by most banks.

    How do I repay my personal loan?

    The repayment of personal loans can be done in Equated Monthly Instalments (EMIs) via post-dated cheques favouring the bank from which you have availed the loan. You could also link your debit account to your loan in case you borrow from a bank with which you hold a savings bank account and the amount will be deducted automatically.

    Are there any additional charges associated with a personal loan?

    Yes. Almost all banks charge a processing fee ranging from 2% to 2.5% of the amount you wish to borrow, and the fee is generally deducted from the amount disbursed to you.

    Can I get the balance transfer facility in my personal loan?

    It depends on the bank. Some banks offer the balance transfer facility if the customer has paid 12 EMIs. Check with your bank before applying for the loan if they offer the same.

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