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% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    12.99% - 12.99% 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
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + 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
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Good to Know
    Eligibility Criteria
    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
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    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
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    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
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L 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
    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
    12% - 19% Fixed
    Up to 3% 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
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  • Kochi Personal Loan is Rated as "Great!" by 235 Users

    Fees & Charges

    Promised Interest Rate

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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 18 Nov 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.

    Kochi Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Very good"
      0.5 3.0/5 "Satisfactory"
      I am waiting for the response and write a better review so far it was easy to go through the general procedures to apply for the personal loan and expect for a positive response from the best bank with the best offers for a good relations in finance
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 16, 2017
    • Bank Bazaar Personal Loan
      "Awesome App"
      0.5 5.0/5 "Blown Away!"
      Whenever I need a help regarding financial problems I directly enter into bankbazaar.com and apply and within few minutes I will get a response...Thanks to bankbazaar.com. Also I requested my friends and relations to download this app and use it for your necessary purposes and also there is lot to know about different types of banks and also very easily compare with other banks regarding loans, credit cards and other insurance purposes.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 09, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      Bank bazaar is a one stop solution for all financial products. I am satisfied with their customer service and responses which is on time and excellent. The website and mobile application is very good and Its easy to access also. I had a good experience here.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 08, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with ICICI bank. The rate of interest was 14% which was bit high than other banks in the market. The customer service and responses was not bad. The processing fee was 5000 and the pre closer is after 6 months here . I had a very good experience so Its recommendable.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 08, 2017
    • HDFC Bank Personal Loan
      "Personal loan with HDFC"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC BANK.The disbursed loan amount was , 3 lakhs.The monthly EMI comes around 5000 with 12.3% rate of interest. The tenure for the loan to pay back to the bank was for 5 years.,The documentation and other process with the bank done well.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 07, 2017
    • Bank Bazaar Personal Loan
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      The response from Bankbazaar is really good as the team communicated on time and informed me the details. The website is very much helpful too, as I am able to check the details for the insurance and also for loans. The follow up calls which I received from bankbazaar was also supportive.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 06, 2017
    • ICICI Bank Personal Loan
      "Response is good"
      0.5 3.5/5 "Pretty good"
      Since I did not have the previous employer certificate, I could not proceed ahead for the personal loan from ICICI Bank. They responded on time and informed me the details. It was a prompt response from them. I did not go to the level of communicating with them.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 06, 2017
    • Bank Bazaar Personal Loan
      "Quick and Fast Service"
      0.5 5.0/5 "Blown Away!"
      I found bankbazaar website through an advertisement from Facebook. The website is really user friendly and simple. The credit score checking option on the website is exemplary. Once i applied for the personal loan, I got an immediate callback and response from them.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 28, 2017
    • ICICI Bank Personal Loan
      "Approachable bank"
      0.5 4.0/5 "Great!"
      Since the salary is not up to the bank norms my application for personal loan with ICICI bank has been closed. Otherwise, I am ok with the bank service.In future if i plan to look out for a personal loan and if my salary is up to the mark therefore i will definitely re-consider ICICI bank for my personal loan.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 28, 2017
    • Bank Bazaar Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I was looking for a personal loan that time I got one SMS from bank bazaar, then I have approached. There is no mis communication. The response was very fast. The customer service is also excellent. The website was easy to use and informative.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 28, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with ICICI Bank through online channel. The customer service and response is good, I don't have any issues. Its been pending from my side, some of the documents has to be submitted. The rate of interest was moderate. My expectation was 4 Lakhs.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 28, 2017
    • Bank Bazaar Personal Loan
      "Good. Can provide more options"
      0.5 1.0/5 "Really Bad"
      I did not have any hassles with Bankbazaar as the customer services are good and they were very much responsive. They were on time to contact me and inform me the details. There were follow up calls as well. But I was not happy as I only got one bank option on the website. It would have been better if I got more options listed.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 27, 2017
    • ICICI Bank Personal Loan
      "High on the ROI"
      0.5 2.0/5 "Expected more"
      ICICI Bank has responded a bit late when I had applied for the personal loan. I did not go ahead as the interest rate was pretty high. It was around 17%. The bank was not wanting to negotiate as well. It was not a good experience and I am not happy with them.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "Good Financial Website"
      0.5 5.0/5 "Blown Away!"
      My experience with Bankbazaar.com has been good as i got help with financial products and They gave me prompt calls and responded well with all the information that i required which helped me choose a product and also helped with the submission of my application.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 26, 2017
    • ICICI Bank Personal Loan
      "satisfied"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with ICICI bank but however the application did not proceed as i had some issues with my credit score. But i would like to say that i am satisfied with the service and response that i received from them initially and it was a good experience.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 26, 2017
    • Axis Bank Personal Loan
      "Too good"
      0.5 4.0/5 "Great!"
      AXIS Bank personal loan process is too good, they were providing good interest rate and processing fees were very minimal and it is very low. EMI is 2596, i am comfortable with the EMI date. I have called their customer service and I had got the best of services from them.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 21, 2017
    • Bank Bazaar Personal Loan
      "Good site"
      0.5 5.0/5 "Blown Away!"
      Bankbazar.com truly works well when i enrolled my self online, bankbazaar was providing very good support. Bankbazaar suggested ICICI . Webportal of bankbazaar was too quick i got response from them immediately. I had used the mobile application of bankbazaar too.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Very good loan process"
      0.5 4.0/5 "Great!"
      The first and foremost reason for not taking the personal loan from ICICI Bank was because i had taken the personal loan from AXIS Bank. Interest rate was better with axis bank. As far as ICICI Bank service is concerned it is very much average.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I had raised a request for the personal loan with ICICI, but later got to know that I am not eligible for the same. As far as the service is concerned they are very good in providing assistance. I had got all the relevant information from the online portal. From the bank side my request was not action ed it was infact a paperless process and I did not submit any of my documents.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 21, 2017
    • Bank Bazaar Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      It was a excellent service from Bankbazaar from the date I applied for my loan ,Bankbazaar customer service executives are very good I use to get regular followups from Bankbazaar representatives so it was a very good experience from Bankbazaar.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 12, 2017
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