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
    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 Ad Paperless approval available
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    Fees & Charges
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    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    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
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    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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    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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    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
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    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
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    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
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    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
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    Perks
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  • Kochi Personal Loan is Rated as "Great!" by 216 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 19 Oct 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
      "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
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      When I have applied for my personal loan with ICICI there was an small issue with my documents so they were unable to process further for my loan process , they had asked for my pf,payslip,bank statement ,adhar card as a main documents to process my loan request . The customer service is fine I would say the overall service is average from ICICI for my personal loan service.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 12, 2017
    • Bank Bazaar Personal Loan
      "Best financial advisor"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a good e banking website.I'm the active user of the website for past 6 months. It has various financial products,get to know a comparison of banking products. customer executives are good,their service is excellent.bank bazaar App is good,website is easy to understand and navigate.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 11, 2017
    • HDFC Bank Personal Loan
      "Better banking"
      0.5 5.0/5 "Blown Away!"
      I have a active personal loan running with hdfc bank for an amount of two lakhs with an interest rate of 12%.I'm planning to preclose the loan as the rate of interest is pretty high as compared to other banks.customer service is good they give required information pertaining to any queries.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 11, 2017
    • ICICI Bank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I had requested for a personal loan with ICICI bank.documents were submitted,had processed the loan on time.Rate of interest is nominal as compared to other banks however my application got rejected due to salary criteria.Suggestion to the bank to check the eligibility before getting the documents from the customer.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 11, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar gives an idea to get any kind of financial products in the market. I am with bank bazaar for past one year. I used bank bazaar mobile application while applying for the personal loan which was easy to use and user friendly, I can say I am happy with bank bazaar service.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 06, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The HDFC bank executives told that my credit score doesn't met their bank eligibility criteria , so that was the reason I haven't got the personal loan from HDFC bank. The customer service was average with HDFC bank, still they need to improve in their service.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 06, 2017
    • Bajaj Finserv Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service is very excellent with bajaj fisnserv. They have processed the loan within a day time and they have disbursed my loan amount within 3 days of time. The customer service is very prompt with bajaj finserv, the rate of interest is low with Bajaj, when compared with others.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      The bank bazaar has done their part in regards to my personal loan application. The response part is really good with bank bazaar. I am with bank bazaar for more than a year,. The mobile application of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 06, 2017
    • HDFC Bank Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      The HDFC executive gave a call and promised that they will come and collect the documents in concern to personal loan application but no one turned up so that was the reason I haven't got the loan from HDFC bank. The customer service need to improved with HDFC.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Awesome Service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar is given me a excellent service. I got the good service from bank bazaar. The support was really good with bank bazaar. I am customer for bank bazaar for past 2years. I have used the bank bazaar website I have applied the personal loan . The bank bazaar website is easy to use and user friendly.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 05, 2017
    • ICICI Bank Personal Loan
      "Awesome Service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from ICICI bank, they have disbursed my loan amount within 5 to 6 working days. The rate of interest is nominal with ICICI bank. The service was very fast and quick with ICICI . The required loan amount has been disbursed and I am satisfied with loan amount.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 05, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC bank. I would like to say that they have processed my application very fast and loan sanctioned with in 10 second. I am really satisfied with their service and responses . The loan amount was 2.5 lakhs and the rate of interest was 15.2% which was satisfactory
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a very good platform for all financial products. They processed so fast and responded immediately. The options like EMI calculator, FD calculator and and credit score was usefull. My overall experience was excellent and I would like to recommend to others also.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • ICICI Bank Personal Loan
      "average"
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my personal loan. They have rejected my application because I am not eligible according to their eligibility criteria, Their rate of interest was between 16-17% which was high. My overall experience was average.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • HDFC Bank Personal Loan
      "Very dissatisfied"
      0.5 1.0/5 "Really Bad"
      I am not happy with HDFC, because their interest rate and processing fee was high. I took the loan amount of Rs. 3.4 lakhs it has the tenure of four years, now almost I paid around two years, remaining two years yet to be paid but the interest rate was huge.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • Bank Bazaar Personal Loan
      "User friendly"
      0.5 5.0/5 "Blown Away!"
      When I reached Bank Bazaar for the personal loan they approached very well. I am a happy customer of the Bank Bazaar. The representative are very supportive and gave me customer interaction on the loan process. I am using mobile app its all easy to use.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • ICICI Bank Personal Loan
      "Loan process should be flexible"
      0.5 1.0/5 "Really Bad"
      When I gave personal loan request in ICICI, at the time my old loan was running with HDFC. Hence ICICI have rejected the application because earlier my salary was around Rs.35,000 now it got increased. Therefore I could not process the personal loan with ICICI.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • ICICI Bank Personal Loan
      "VERY GOOD"
      0.5 4.0/5 "Great!"
      I am very much happy with ICICI BANK, Within a short span of time ICICI disbursed the amount.The services and response was too good as they were on time from taking my papers and also till the disbursement of the personal loan. ICICI offered the interest rate of 13.99% Processing fee is 2400 Approx. On the other hand, Process and customer service is very good.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 03, 2017
    • Bank Bazaar Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar service is good ,representatives and customer service is also helpful and responsible. I even checked with Bankbazaar website which is also user friendly ,I never had any issues with Bankbazaar service ,overall it was a very excellent service from Bankbazaar.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 29, 2017
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