Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Kochi Personal Loan
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    10.99% - 17.99%
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    1-5 Years
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    10.99% - 25% Fixed
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    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
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    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
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  • Kochi Personal Loan is Rated as "Great!" by 259 Users

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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 21 Sep 2018

    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.

    Kochi Personal Loan Reviews

    • YES Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the Yes Bank for 3 LACS, they offered the loan at a nominal interest rate. The loan was sanctioned and disbursed with in3-4 days. The customer support was also very good. It has been a hassle free personal loan experience with the Yes Bank.
      Was this review helpful? 7
      , kochi
      Reviewed on Aug 04, 2018
    • Bank Bazaar Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bankbazaar through google and this was my first time experience with bankbazaar. Customer service was good with bankbazaar and their response was on time. The mobile application of bankbazaar is user friendly and easy to use.
      Was this review helpful? 0
      , kochi
      Reviewed on Jul 23, 2018
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with HDFC bank and the experience was very good, the loan amount was for Rs 65000 with nominal interest rate when compared to other banks. The process was quick and i received my loan amount in 3 days. The tenure period for this loan is 3 years.
      Was this review helpful? 0
      , kochi
      Reviewed on Jul 23, 2018
    • SBI Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had chosen to go with them since i was holding my salary account from the same bank. The process in getting the loan had been very easy and smooth. The loan amount which they had given had been okay and the interest rate with them had been nominal. There has not been any processing fee which they have charged. Their customer support and the staff responses had been helpful as well.
      Was this review helpful? 9
      , kochi
      Reviewed on Jul 13, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with bankbazaar so far, they provide good services when compared to others in the market. Customer service was good and their response was prompt. I am using the website of bankbazaar from last 5 years, it is easy to navigate and is user friendly to use.
      Was this review helpful? 0
      , kochi
      Reviewed on Jul 05, 2018
    • ICICI Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan application was closed with ICICI bank, the reason why the application was closed is because i was not eligible for the loan as the company was not listed on their norms. The rate of interest was nominal when compared to others. Customer service was good and they responded on time.
      Was this review helpful? 1
      , kochi
      Reviewed on Jul 05, 2018
    • HDFC Bank Personal Loan
      "Good Interest rates"
      0.5 4.0/5 "Great!"
      Its been easy apply for a personal loan in HDFC. I have submitted the documents of 3 months salary slip, PAN card, Aadhar Card, 3 photocopies, Company ID Card and bank statement. Within 15 day i have got the loan. I have applied the amount of Rs. 2.50 lakhs in HDFC Bank for that they gave me interest rate of 13.99%. They charged me a processing fee around 3 K.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 21, 2018
    • Axis Bank Personal Loan
      "Easy to take personal loan"
      0.5 4.0/5 "Great!"
      First of all i have started applied the personal with Axis. I have applied a loan amount of 1.20 lakhs and i have received 1.13 rest of the amount they have taken for processing fee. I paid the EMI of 3456 anyway i will pay the EMI through auto deduction. I have not received the loan time. In Axis bank, they are changing 17.99% as interest rate.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 21, 2018
    • Bank Bazaar Personal Loan
      "Good Website"
      0.5 4.5/5 "Excellent!"
      I have started using this bankbazaar.com for 3 years and i will proudly say about it. Since i have not yet used the app also the website is more comfortable for me in desktop. The customer acre executive who helped me a lot to choose the best bank.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 21, 2018
    • Kotak Personal Loan
      "Good Top up Plan"
      0.5 4.5/5 "Excellent!"
      I have applied the loan top up with the Kotak Mahindra bank for my existing loan with other bank. I have to pay the EMI of Rs. 4995 every month. I will pay easily by using the net banking. They are charging me a interest rate of 10.99%. The customer care service is prompt.
      Was this review helpful? 1
      , kochi
      Reviewed on Jun 21, 2018
    • Kotak Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've applied for a personal loan with the Kotak Mahindra bank. I got the loan with in 3 days, Documentation was easy. The interest rate is normal when comparing with other banks in the market. The whole loan process was smooth as as a breeze...
      Was this review helpful? 1
      , kochi
      Reviewed on Jun 16, 2018
    • Fullerton Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The loan experience with them had been very good, but the interest rate which they had been charging had been very high. The process in getting this loan amount had taken almost 7 days to complete and i was satisfied with the loan amount which they had provided. Their customer support also had been very good in their response.
      Was this review helpful? 0
      , kochi
      Reviewed on Jun 08, 2018
    • HDFC Bank Personal Loan
      "Good overall. Can reduce the charges"
      0.5 4.0/5 "Great!"
      The process is good with HDFC Bank for the personal loan. They were fast and smooth to complete the process. I got the loan within four to five days after the documents was collected. The disbursement was as needed. The rate of interest is of 10.99% and the processing charges are on the higher side.
      Was this review helpful? 0
      , kochi
      Reviewed on May 28, 2018
    • HDFC Bank Personal Loan
      "Good bank"
      0.5 5.0/5 "Blown Away!"
      From HDFC bank i have taken a personal loan and the approved loan amount was 3.6 lakhs. The rate of interest was 10.99% with a monthly EMI of 7921. The total tenure was for 60 months. There was a processing fee of 4000 has been charged. Pre closure can be done after 1 year of the loan approved date.
      Was this review helpful? 0
      , kochi
      Reviewed on May 25, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have got to know about bank bazaar through my friends referral search. The documentation process need to be customer oriented also the promotional vouchers need to be given to the customers on time. The customer support service and the response is good from the bank bazaar team.
      Was this review helpful? 0
      , kochi
      Reviewed on May 16, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service was quite average with the HDFC bank and they took around 3weeks time to disburse the loan amount, it is higher than the normal time to disburse the loan amount. The customer support service and the response is average with the HDFC bank.
      Was this review helpful? 0
      , kochi
      Reviewed on May 16, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had a very good experience with all the services which they had provided. I have been using for 3-4 years the mobile application and it was quite good. The customer service was good and they had made frequent follow ups. I had been getting calls saying about the offers afterwards.
      Was this review helpful? 0
      , kochi
      Reviewed on May 12, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      There was a need in the finance for the maintenance of my home where in which i had applied for this loan. The rate of interest which they had offered was satisfactory and i was also sure about clearing the loan because of the less premium amount. There has been good follow ups from their end and the document submission was quite easy and smooth.
      Was this review helpful? 0
      , kochi
      Reviewed on May 12, 2018
    • ICICI Bank Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was slightly higher with ICICI Bank for the personal loan. I had closed this loan few years back. I foreclosed the personal loan. The customer service and response was really good. The process was faster and disbursement also quick.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 27, 2018
    • HDFC Bank Personal Loan
      "Great experience"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with HDFC Bank. I have closed my personal loan long time back. The rate of interest and the charges are competitive at that point of time. The documentation process happened at doorstep and its very simple. The customer service and response was very good.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 27, 2018
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