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    Kochi Personal Loan

    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.
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    We found 33 Kochi Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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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
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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
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    Kochi Personal Loan is Rated as "Great!" by 296 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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 25 May 2019

    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.

        

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    Kochi Personal Loan Reviews

    • HDB Financial Services Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been applied for my personal loan with HDB bank from past two years, the loan amount was sufficient they have been given me based on my requirement, the rate of interest they have been charged me higher than other bank i felt, they have charged me processing fee or not i have no idea, Still this loan is running.
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 26, 2019
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for while . I came to know about this bank bazaar website through online . The customer support is good. Website is easy to use. The whole application process was easy and hassle free. Only call flow is much they need to reduce that . I never had any issues with their services to be frank.
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 22, 2019
    • Kotak Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with KOTAK MAHINDRA BANK . They charge 13.75% interest rate and i am fine with that . They offered me 1000000 of loan amount and it is fair enough . The processing fee is very nominal and i received the loan on time . Overall it is a good service rendered by this Bank.
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 22, 2019
    • Bank Bazaar Personal Loan
      "Its Convenient"
      0.5 4.5/5 "Excellent!"
      I got the quick response based on the loan products, but from the bank end it got delay. Bank Bazaar gave me the regular followed up and updates about the loan, some time it should be more proactive, finally I took the loan from Kotak Mahindra, the browser is very customer friendly.
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 20, 2019
    • Kotak Personal Loan
      "Charges should be reduced"
      0.5 5.0/5 "Blown Away!"
      I got the good support from Kotak Mahindra on the loan process, only concern about the interest rate, they quoted me around 12% for the loan amount of Rs. 3 lakhs for five years of duration. The bank taken some processing fee and insurance, should be minimized.
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 20, 2019
    • Fullerton Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Personal Loan before 2years .The loan was still on process. I have applied for the loan amount of 110000 for 4years tenure .I have applied through the Fullerton directly .The agent gave all the details .Even documents submitted properly .The loan amount got sanctioned on time ,The loan amount was sufficient .
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 17, 2019
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied with Bajaj finserv directly for personal loan .I have taken 2lakhs for the tenure of 3years. The loan got sanctioned on time.I have not faced any issues on document submission. The Loan amount was sufficient and the service was good .
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 17, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bank bazaar through online . I got an idea of checking credit score .This website is very useful and friendly also .We will get the required information about the financial products .This portal is really doing a good service according to me .
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 17, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied forHdfc Bank Personal Loan through Online .The agent clearly explained the process and not faced any issues .The only issues is rate of interest and processing fee was high.I have Submitted documents also.I was unable to avail the loan due to previous loan history .Other than that the service is good .
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 17, 2019
    • HDFC Bank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I had old personal loan experience with HDFC, at the time I went to the bank to complete the loan process. Then they have sanctioned the amount within five days. The bank staff were not customer friendly, but the interest was economical at that period.
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 15, 2019
    • Bank Bazaar Personal Loan
      "All in one "
      0.5 5.0/5 "Blown Away!"
      All financial service in single platform, Bank Bazaar got tied up with multiple banks partner. Therefore I don't want to go different websites to compare the interest rate and processing fee . The customer support is flawless and the process is streamlined.
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 15, 2019
    • HDFC Bank Personal Loan
      "Hassle free and quick loan experience"
      0.5 5.0/5 "Blown Away!"
      HDFC interest rate is reasonable as compared to others, within 5 days they sanctioned the personal loan amount. I done the process through online it was hassle free, they fulfilled my needs. I took the amount of Rs. 1.5 lakh for th duration of three years.
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 15, 2019
    • SBI Personal Loan
      "Good Experience with SBI"
      0.5 4.5/5 "Excellent!"
      I took personal loan from SBI before three years, that experience was also good. I went to the bank for the paper work once I have submitted the documents. I got the loan within a day, the interest rate is lesser it around 12% for the amount of Rs. 5 lakhs.
      Was this review helpful? 3
      , kochi
      Reviewed on Apr 08, 2019
    • Bank Bazaar Personal Loan
      "Good Supportive portal for the loan"
      0.5 5.0/5 "Blown Away!"
      The online support and also the customer response is very good in Bank Bazaar, First time I have interacted with them for the loan product, it went well. I got the loan on time without any hassle. The executive supported and helped on the process. I am using normal browser its too friendly.
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 08, 2019
    • HDFC Bank Personal Loan
      "Should be transparent"
      0.5 4.0/5 "Great!"
      I feel the interest rate is higher, during the time of loan process. HDFC bank told the interest would be 11.2% but finally they quoted me around 14% its not upto the mark. I took the loan of Rs. 3.50 lakhs for the tenure of four years. The communication should be clear about the interest and other charges.
      Was this review helpful? 0
      , kochi
      Reviewed on Apr 08, 2019
    • Bank Bazaar Personal Loan
      "Good in all"
      0.5 4.0/5 "Great!"
      There are no hassles with Bankbazaar, as I received a response on time and there are no issues to get connected with the bank. The portal is also good and it is easy to understand and use and apply for the credit card. There are follow up calls as well.
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 07, 2019
    • HDFC Bank Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with HDFC Bank and the customer services are good. It has been a very smooth process. Just that they had a high interest rate and processing fee. But the services and response is excellent. It was timely and I am happy with the service
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 07, 2019
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using BANK BAZAAR services for while. The customer support follow up was really helpful during the application. I never had any issues with their services. It was good, response was also good and process was very quick . Overall it has good services .
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 07, 2019
    • HDFC Bank Personal Loan
      "Delay in getting loan "
      0.5 4.5/5 "Excellent!"
      It has been a hassle free personal loan experience with the HDFC Bank. But only the thing there was delay in getting the loan . They charge 16 % rate of interest and i ma not ware about the processing fee . They deduct 100 rs and i got 100000 of loan amount which i applied .
      Was this review helpful? 1
      , kochi
      Reviewed on Apr 07, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through online only .Once came to know about Bank bazaar then tried to check my Credit Score.Then i have applied for Ujjivan Small finance Bank Ltd Personal Loan. The agent clearly explained the process of the loan .The rate of interest was nominal and the processing fee is also nominal.The Overall service is good .
      Was this review helpful? 0
      , kochi
      Reviewed on Mar 20, 2019
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