Best Personal Loans in Aluva, Kochi
Aluva also known as Alwaye is located in Kochi on the banks of the river Periyar, Kerala. Aluva is the industrial and transportation hub of the state, it is a passage which links the highland districts to the rest of the state and Kochin metro rail is under construction in Aluva. Alwaye Palace is a great tourist attraction which was the summer home of the Travancore royal family, Sivarathri festival celebrated with great grandeur annually at the banks of Periyar river. The Advaita Ashrams is situated in Aluva which was founded in 1913 by Sree Narayana Guru (greatest social reformers in india). Aluva is one of the urban cities of Kochi which has presence Municipal Council, is the headquarters of the District Police Chief of Ernakulam Rural Police District, Superintending engineer, PWD(Roads) and of the District Educational Officer.
Personal loans in Kochi are given by most major banks and financial institutions to individuals without asking for the requirement or need. They are unsecured loans given from Rs. 50,000 to Rs. 40,00,000 which means that you need not mortgage anything or show an asset. The most common reason for taking a loan is debt consolidation. Some of the other reasons include medical, travel, home renovation, wedding and so on.
You need to have a good credit history and adequate salary to get a loan sanctioned. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Kochi give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
There are multiple banks which offer a personal loan in Kochi such as HDFC Bank, ICICI Bank, Kotak bank, Axis bank and so one. There are also multiple NBFC’s in Kochi such as Bajaj Finserv, Fullerton, Tata Capital, etc which offer unsecured personal loans.