Thiruvananthapuram Personal Loan

Trivandrum as it is also called, Thiruvananthapuram is the capital of Kerala and home to a large number of banks that offer personal loans and other financial products at attractive terms. With interest rates starting from just 10.99% and tenures extending up to 5 years, banks in Thiruvananthapuram offer personal loans up to Rs.30 lakh, thereby making it easy for you to meet any immediate financial requirements you may have.

Click here to
Check your Eligibility!

Thiruvananthapuram, is the capital of the state of Kerala and one of the most important cities in the South of India. The city with around 7,50,000 inhabitants has come of age in recent years with the IT sector booming in the region. Thiruvananthapuram boasts of 80% of state’s software exports, which makes it a major IT hub not only in Kerala but the whole of South India.Thiruvananthapuram, which is known to be a multicultural city and a major education centre as well.It was termed the “Evergreen City of India” by Mahatma Gandhi and it’s not difficult to understand why. It is after all one of the ten Greenest City in the country, according to recent reports

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 Thiruvananthapuram 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

Thiruvananthapuram Personal Loan Interest Rates_{Updated on 22 Sep 2023}

Thiruvananthapuram 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 Thiruvananthapuram

Trt to personal loans to purchase products or services that they otherwise would not be able to afford on their salaries and savings alone. Some of the most common reasons for the people of Thiruvananthapuram to avail personal loans include home renovation or refurbishment, investment in home appliances or vehicles, to pay for their weddings or the weddings of their loved ones, etc. The list of reasons could go on and on, but if one thing is certain, it is that the number of individuals who avail personal loans in the city has increased considerably since the turn of 2010.

Personal Loan Offered by Various Banks in Thiruvananthapuram

An increasing number of private as well as public sector banks and non-banking institutions in Thiruvananthapuram have opened their doors to individuals who seek personal credit. Some of the leading institutions include Citibank, Standard Chartered, Capital First, Tata Capital, HDFC Bank, ICICI Bank, Oriental Bank, IndusInd, Fullerton, Kotak Mahindra, Aditya Birla, Allahabad Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Karur Vysya, South Indian Bank, State Bank of India, Tamilnad Mercantile Bank, UCO Bank, Union Bank, Vijaya Bank, Yes Bank, etc. If you’re seeking personal loans in Thiruvananthapuram, consider these banks as they offer the best terms and conditions in the city.

How to Get a Personal Loan with the Lowest Interest Rate in Thiruvananthapuram

There are a few factors to consider when applying for a personal loan and availing of competitive interest rates. The lender from whom you choose to borrow will determine the interest rate applicable to your credit. But before drafting an application for a personal loan, it is essential to ensure that you have a good credit rating. Credit scores in excess of 750 will make it fairly easy for you to get a relatively high amount with a considerably low interest rate. The higher you’re score, the lower your interest rate and vice-versa. It is also essential to carefully assess your financial requirements before applying for a loan as taking an amount higher than you need will mean that you will have to pay interest for an unnecessary sum. Similarly, taking an amount lower than your actual requirements will mean that you will probably have to avail of another loan and thereby pay interest towards that as well.

Personal Loan Interest Rates in Thiruvananthapuram 2023

A number of leading public and private sector banks in Thiruvananthapuram offer personal loans to the residents of the city. Following are the interest rates offered by the top banks for personal loans in Thiruvananthapuram:

Bank	Interest Rate
Citibank	9.99% to 14.99% (Fixed)
Standard Chartered	11.49% onwards (Fixed)
Capital First	10.49% onwards (Fixed)
Tata Capital	10.99% onwards (Fixed)
HDFC Bank	10.25% onwards (Fixed)
IndusInd Bank	10.49% to 31.50% (Fixed)
Fullerton	17.25% to 37% 11.99% onwards (Fixed)
Kotak Mahindra	10.25% onwards (Fixed)
Aditya Birla	11.5% to 13.25% (Fixed)
Bank of Baroda	10.50% to 12.50% (Fixed)
Bank of Maharashtra	9.45% to 11.80% (Fixed)
Bank of India	10.35% to 12.35% (Fixed)
Canara Bank	12.40% to 13.90% (Floating)
Central Bank	9.85% to 10.05% (Floating)
IDBI Bank	9.50% to 14.00% (Fixed) )
Indian Bank	6.50% onwards (Floating)
Indian Overseas Bank	10.80% (Fixed)
Karur Vysya	9.40% to 19.00% (Floating)
South Indian Bank	10.55% to 18.05% (Fixed)
State Bank of India	1 9.60% onwards (Fixed)
Tamilnad Mercantile Bank	14.30% to 16.30% 14.05% (Floating)
UCO Bank	8.45% onwards (Fixed)
Union Bank	8.90% to 13.00% (Floating)
Yes Bank	10.99% onwards (Fixed)

Salary Requirements to Avail Personal Loans in Thiruvananthapuram

Each lender has its requirements when it comes to sanctioning a personal loan to a salaried or self-employed applicant. While salaried employees in Thiruvananthapuram are required to earn between Rs.7,500 and Rs.50,000 a month to avail a personal loan, a self-employed individual will have to show an income of Rs.1 lakh to Rs.2 lakh in annual earnings if they are to gain access to credit.

FAQs on Thiruvananthapuram Personal Loan

Is there a processing fee applicable to a personal loan?
Yes. Personal loans are usually granted for a fee ranging from 0.5% to 2.5% of the amount you wish to borrow.
What is the maximum amount of money that can be borrowed through a personal loan?
The maximum amount offered by a bank will depend on a number of factors, but most banks limit their lending to a maximum of Rs.5 lakh to Rs.30 lakh.
How long can I take to repay a personal loan?
Customers are free to choose their tenure for a personal loan based on their repayment capacity. In most cases, banks offer a tenure ranging from one year to five years.
Do salaried individuals have to be of a certain age to avail a personal loan?
Yes. Lending institutions require borrowers to be between 21 years of age and 60 years of age to ensure that they have the ability to repay the amount borrowed. They also check for proof of income.
What documents will I need to apply for a personal loans?
Banks and financial institutions require your KYC documents, ID proof and address proof along with your bank statement, income proof and a passport sized photograph.

A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

Important Personal Loan Pages

Personal Loans by Bank

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

Personal Loan Articles

Other Loans

Disclaimer

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.

Thiruvananthapuram Personal Loan Reviews

Write a Review

"normal interest rate"

0.5 3.0/5 "Satisfactory"

I have applied HDFC Bank personal loan through online. No one came for the documentation collection, i have not received any calls or message regarding for status. The rate of Interest and processing fees are nominal. I am not sure with the customer service.

Was this review helpful? 0

K P , thiruvananthapuram
Reviewed on Feb 04, 2020
"Good service"

0.5 4.0/5 "Great!"

I have applied HDFC BANK personal loan through online for emergency purpose and it got disbursed within a week. I had applied of 5L but approved only for 3L with 14% interest rate, which is normal. The processing fee is also detected from the loan amount.

Was this review helpful? 0

ARUN , thiruvananthapuram
Reviewed on Jan 19, 2020
"Need to decrease interest rate"

0.5 5.0/5 "Blown Away!"

HDFC bank has offered a personal loan through an online. I got an offer so chosen this bank. The process was done on smooth. They have provided sufficient amount with tenure period of 4 years. Rate of interest is high of 14.5% and processing fee nearly 10K. Pre closure is avail after 12 months with some charges. I use to get remainder message on time from bank end.

Was this review helpful? 0

SHYAM , thiruvananthapuram
Reviewed on Jan 10, 2020
"Fair"

0.5 4.0/5 "Great!"

I have applied for Fullerton personal loan through Online. There was no difficulties with the rate of interest and the processing fee and i am paying monthly EMI Rs. 5,000.The agent shared all the relevant details about the loan process. Customer service was excellent.

Was this review helpful? 5

S , thiruvananthapuram
Reviewed on Jan 07, 2020
"Very good"

0.5 5.0/5 "Blown Away!"

I have applied HDFC personal loan through online. The loan amount was Rs. 5 lakhs. The rate of interest was 11.25% and the tenure is for 5 years and i am paying EMI 11490 . Customer service is also good and there was no difficulties faced so far. I have submitted all my documents for this loan through online.

Was this review helpful? 0

M T , thiruvananthapuram
Reviewed on Jan 07, 2020
"Good Loan Service"

0.5 5.0/5 "Blown Away!"

Its because of the easy process i have selected the personal loan Home credit. They took 1 week to sanction this loan and i have uploaded all my documents through online. There was a regular follow up and provided interest rate of 24% is convenient for me.

Was this review helpful? 0

JERIN , thiruvananthapuram
Reviewed on Jan 06, 2020
"Good service"

0.5 5.0/5 "Blown Away!"

I have applied for HDFC BANK personal through online. No call from bank executive for further assistance. I have not submitted any documents. As my salary is Rs.20000 it might be the reason of not processing the loan. I request bank to process the application faster and to give a update.

Was this review helpful? 1

SHAJIDA , thiruvananthapuram
Reviewed on Jan 02, 2020
"Good Service"

0.5 4.0/5 "Great!"

I have applied for HDFC Bank personal loan through Online .I have not availed this loan since taken from some other source.I was not having any difficulties with the rate of interest and the processing fee.I have not submitted any of my documents .I was getting callback and follow up from bank end .

Was this review helpful? 1

HEESAMON , thiruvananthapuram
Reviewed on Dec 31, 2019
"Good Service"

0.5 5.0/5 "Blown Away!"

I have applied for HDFC Bank personal loan through Online. Since already I had taken home loan so I have not taken this loan. I am yet to submit documents and there was good follow up and callback from bank end .I was not having any issues with the rate of interest and the processing fee.

Was this review helpful? 0

KAMALAN , thiruvananthapuram
Reviewed on Dec 05, 2019
"Good"

0.5 5.0/5 "Blown Away!"

I was applied for a personal loan with FULLERTON on one month before. The loan amount which was offered one lakh only but I was expecting for around 2 lakhs. Rate of interest was okay of 18%. As of now not required for a loan so the process was closed from my end.

Was this review helpful? 0

MOHAM , thiruvananthapuram
Reviewed on Nov 04, 2019
"Good service"

0.5 3.0/5 "Satisfactory"

I have applied for the Fullerton personal loan via online and informed to upload the documents. I provided all of my documents but they stated it is not clear. So application is not processed. I received the message that the application is closed, if you want to reopen reply back. I sent message also even though no reply from their end. I asked for loan amount 1.5L tenure period was 3 years.

Was this review helpful? 0

SURESH , thiruvananthapuram
Reviewed on Nov 04, 2019
"Average"

0.5 2.0/5 "Expected more"

I was bit busy when I applied for the personal loan with Fullerton so could not upload the documents. Later when I checked and came to know that the application got closed without my knowledge. I know the rate of interest which was explained at the time of registration and its comparatively low with other apps.

Was this review helpful? 0

PRAVEEN , thiruvananthapuram
Reviewed on Nov 03, 2019
"Good service"

0.5 5.0/5 "Blown Away!"

I have received the call from Kotak regarding per approved loan of Rs.1,95,000 with the tenure of 3 years. Submitted the documents to bank executive.I have closed my existing car loan with Kotak and received the remaining amount of Rs.1,40,000. The return payable amount would be Rs.2,40,000 which is okay. Processing fee and the insurance of Rs.8,000 which was deducted from loan amount.

Was this review helpful? 4

SASANKAN , thiruvananthapuram
Reviewed on Nov 03, 2019
"Good service"

0.5 4.0/5 "Great!"

I have applied for Fullerton personal loan via online and received the call from bank executive once.. I uploaded the documents online. Rate of interest is very high, so i denied to process the application. Customer support response is good.

Was this review helpful? 0

AARISH , thiruvananthapuram
Reviewed on Nov 03, 2019
"Average Service"

0.5 3.0/5 "Satisfactory"

I have applied for HDFC Bank personal loan through Online .I have not got the reason for what purpose the loan was not approved ,There was proper callback and follow up from bank end .I have not submitted any of my documents ,I was not having any issues with rate of interest and the processing fee.

Was this review helpful? 0

SARATH , thiruvananthapuram
Reviewed on Oct 29, 2019
"Unhappy with interest rate"

0.5 5.0/5 "Blown Away!"

I took a personal loan from HDFC BANK through online channel. The interest rate is very higher and they have charged me around 19% excluding processing fee. I opted the loan of 2L for 2 years. The documentation process was simple. The loan was disbursed on time.

Was this review helpful? 2

SU , thiruvananthapuram
Reviewed on Oct 17, 2019
"Excellent service"

0.5 5.0/5 "Blown Away!"

I have applied for Fullerton personal loan through Online .I have not availed this loan since not having salary slip .I have got all the required details about the loan process ,I was not having any issue with the rate of interest and the processing fee .I am comfortable with the service so far .

Was this review helpful? 0

ASIF , thiruvananthapuram
Reviewed on Oct 13, 2019
"Good Loan service"

0.5 4.0/5 "Great!"

I want the loan an emergency basis so i have chosen Fullerton but the interest rate is more which is more than 17% hence i withdrawn the loan from them and i got the loan from other bank. I had applied the loan amount of Rs. 3 lakhs. They have provided me tenure period of 5 years. The executive responded me properly when i applied the loan.

Was this review helpful? 0

VIPIN , thiruvananthapuram
Reviewed on Sep 30, 2019
"Not Satisfied"

0.5 1.0/5 "Really Bad"

I have applied for Fullerton personal loan through Online .I have submitted the documents and after that there was no update from fullerton hence dropped the plan of taking this loan .I was not having any issues with the rate of interest and the processing fee.I have got all the required information about the loan process through the agent as well,

Was this review helpful? 2

MANEESH , thiruvananthapuram
Reviewed on Sep 29, 2019
"Better"

0.5 3.0/5 "Satisfactory"

Fullerton needed a net payment of 20K to process the personal loan but after deduction, in hand I will be getting 19,500 rupees which does not match their norms so my loan got rejected. I have not submitted any documents so far and i did not get any information about the interest rate.

Was this review helpful? 0

ASWATHY , thiruvananthapuram
Reviewed on Sep 29, 2019

Talk to us!