• Custom Free
     

    Custom quote

  • Cochin Personal Loan

    Loading your search...
  • Cochin is an important port city in Kerala and has a large number of public as well as private banks that offer personal loans at competitive interest rates and long tenures. If you are looking for a personal loan in Kerala, there is a multitude of banks at your service. The interest rates offered by some of these banks start at as low as 10.99% and the repayment tenures are flexible, ranging up to five years.
    More
    We found 18 Kochi Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.50% One time fee
    Up to Rs.40L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 16.75% Fixed
    Zero Processing Fee
    Up to Rs.25L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% One time fee
    Rs.75K - Rs.5L
    1 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.25% - 14.49% Fixed
    Up to 2.75% One time fee
    Up to Rs.20L
    1 - 6 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    18.00% - 36.00% Fixed
    2.00% - 3.00% One time fee
    Rs.1L - Rs.5L
    Up to 5 Years
    Only KYC docs required
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    11.99% - 25.00% Fixed
    3.00% - 6.00% One time fee
    Up to Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    13.00% - 30.00% Fixed
    Zero Processing Fee
    Rs.50K - Rs.2L
    Up to 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.50% One time fee
    Rs.50K - Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00% One time fee
    Up to Rs.30L
    1 - 5 Years
    Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    16.50% - 20.00% Fixed
    Up to 2.00%(Min ₹2,000) One time fee
    Up to Rs.15L
    1 - 5 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    18.00% Fixed
    2.00% - 5.00% One time fee
    Rs.50K - Rs.7.5L
    1 - 4 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    17.00% - 26.00% Fixed
    2.00% One time fee
    Rs.2L - Rs.20L
    0.5 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    Eligibility Criteria

    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.

    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 20 Oct 2020

    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 2018

    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.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Kochi Personal Loan Reviews

    • Axis Bank Personal Loan
      "Best on market"
      0.5 4.0/5 "Great!"
      Axis bank personal loans are very convenient and the interest rates are less hence its practically good loan services. Took the loan amount of Rs. 50000 and i pay the EMI amount of Rs. 2300. I have no idea about the interest rate. I have chosen the duration of 2 years to close the loan. Due to the low interest rates and easy processing, i have chosen the Axis bank for my personal loan.
      Was this review helpful? 3
      , kochi
      Reviewed on Mar 02, 2020
    • HDFC Bank
      HDFC Bank Personal Loan
      "Not that great loan"
      0.5 3.0/5 "Satisfactory"
      HDFC people were contacted me continuously to take the personal loan at that time i had a minor amount of cash. They had given me a option that i can foreclose the loan after 6 months but normally give a lockin period of 1 year. I contacted the local loan section said that they will do a fore-closure after 10 months hence i will not recommend HDFC loan service to any of my friends because they don't have any standard procedure.
      Was this review helpful? 0
      , kochi
      Reviewed on Mar 02, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied a personal loan from HDFC Bank. I have given all my documents to the executive my application got closed by bank end. There is a no calls or mess from bank side they have not mentioned any thing. I came to know from online status that loan has been closed.
      Was this review helpful? 0
      , kochi
      Reviewed on Feb 18, 2020
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through ICICI Bank. The rate of interest was 15.5% it was medium and other bank not given this much interest rate so availed this loan. The loan was sanctioned on time without any issues.This loan was taken for my personal use only.
      Was this review helpful? 0
      , kochi
      Reviewed on Feb 17, 2020
    • ICICI Bank Personal Loan
      "Easy loan approval"
      0.5 4.0/5 "Great!"
      I have applied a personal loan from ICICI and the loan amount was Rs. 3.50L but the rate of interest was very high. In the year of 2015, i have taken this loan and its going to complete by this year. Pre closure charges are there and i am paying every month EMI of Rs.8800.
      Was this review helpful? 0
      , kochi
      Reviewed on Feb 12, 2020
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through HDFC Bank.The rate of interest and the processing fee was very low which am happy to continue the service. I am paying the premium on time and without any drawbacks got this loan .I am really satisfied with the service so far ,
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 17, 2020
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan through ICICI Bank directly .The rate of interest was quite nominal and this loan was taken for my personal use only. I am paying the premium on EMI basis through auto debit system.I have submitted my documents through agent.The service was good and satisfied so far according to my experience.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 16, 2020
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I have appplied for Bajaj Finserv personal loan through Online,The rate of interest and the process fee was high ,I have subhmitted my documents through branch .I will be closing this loan within 4 to 5 months.Each and every information was clearly shared by the agent.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 16, 2020
    • Bajaj Finserv Personal Loan
      "Service is Good"
      0.5 5.0/5 "Blown Away!"
      I have taken Home credit India Personal loan through online . The rate of interest and the processing fee was very less ,I have uploaded documents through online only.This loan is still active and there was no drawbacks faced so far .The prcess was very smooth and comfortable.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 16, 2020
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan through Online.I have chosen this bank since have salary account and the service was good .The rate of interest was very high and the processing fee was ok.The loan got sanctioned on time without any delay.I have not undergone any difficulties until the loan got sanctioned .
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 12, 2020
    • HDFC Bank Personal Loan
      "Need to decrease interest charge"
      0.5 5.0/5 "Blown Away!"
      I was applied a personal loan with HDFC bank. I received a call once for verification purpose and they intimated all the details about loan process. The amount was sufficient of 2.5L with tenure period of 4 years. But interest rate was high of 16% and they have not negotiated as well. Due to personal reason closed the loan from my end.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 28, 2019
    • HDFC Bank Personal Loan
      "Quick process "
      0.5 5.0/5 "Blown Away!"
      I got a personal loan offered from HDFC BANK on 6 months before. They have processed through online, within 10 seconds loan got sanctioned. I felt happy to process with them. The amount was sufficient with tenure period of 3 years. Rate of interest is 13% and some processing fee was taken from this loan. EMI payment they use to debit from my salary account, so I am not aware about the amount.
      Was this review helpful? 1
      , kochi
      Reviewed on Nov 17, 2019
    • HDFC Bank Personal Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      There is no specific reason for choosing a personal loan from HDFC bank. I had applied a loan amount of Rs. 3L and they have provided me a interest rate of 15.9%. From bank side, they have rejected a loan for that they haven't given me any reason. By manual I have submitted all my documents.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 07, 2019
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have availed Axis Bank personal loan directly through Bank .According to my concern the process was smooth and there was no difficulties faced as well.I have applied for the loan amount of Rs.50,000 for the tenure of 2 years.Still this loan is active and i am satisfied with the service.
      Was this review helpful? 1
      , kochi
      Reviewed on Nov 04, 2019
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC personal loan through Online . I have not availed this loan due to higher rate of interest. I have got all the details about the loan process very clearly .The agent has given all the information about the loan process.There was proper callback as well as proper follow up as well.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 04, 2019
    • Axis Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Even now also, I took a personal loan of 2.3L from Axis Bank due to emergency condition but have applied for 2.5L. They have charged me a processing fee of 1%. The interest rate is nominal and taken 11.5% from my loan amount. The loan duration is 5years.
      Was this review helpful? 2
      , kochi
      Reviewed on Oct 24, 2019
    • Axis Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have closed the personal loan in Axis Bank before 2years ago. I got the NOC letter on time. They have charged me interest rate of 16% which is not okay other services are good. They are not charged me for partial payment. The customer service is good.
      Was this review helpful? 1
      , kochi
      Reviewed on Oct 24, 2019
    • HDFC Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I have a personal loan in HDFC BANK and its good. The interest rate is 12% something and the topup loan was credited within 10mintues after the online process. The interest rate is fluctuating and the processing fee is included also they have charged me for an insurance fee.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 19, 2019
    • Fullerton Personal Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      I have applied for the Fullerton Personal loan through Online. I have got all the required details about the loan process through the agent .I have not availed this loan since the rate of interest was high .I have got proper follow up and response from Fullerton as well.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 13, 2019
    • HDFC Bank Personal Loan
      "Poor profile"
      0.5 4.0/5 "Great!"
      HDFC is a very good bank thats the reason i had applied the loan from HDFC. I applied the amount of Rs. 2 lakhs and till now I'm not aware of the interest rate. I'm not submitted documents but so many times the executive called me to pick the document since I'm busy, i didn't upload my documents.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2019
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.