Best Personal Loans in Edappally, Kochi
Edappally is one of Kochi's best developed town and the very important junction of Kerala. The name of the area is linked with Edappally palace belongs to the kings of Edappally dynasty, it is also known as Elangalloor Swaroopam. The king of the Edappally dynasty was a priest of Thrikkakara temple and sometimes stayed in the palace during their journeys. "Edaykku pallykollunna edam " thus became Edappally in course of time. It’s the home for famous pilgrimage places for almost all religion like Hindu, Christian, Muslim, Buddhist and Jainism. The famous St. George Syro-Malabar Catholic Forane Churchis an ancient church. Edappally is also home for the major malls like Oberon and Lulu kochi mall.
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.