Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Ernakulam. 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. Some reasons for availing a Personal Loan in Ernakulam include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Ernakulam, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Ernakulam. 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 Ernakulam 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.
Ernakulum city is situated in the southern Indian state of Kerala and is the headquarters of Ernakulum district. The city has a history going back hundreds of years and till recently was the administrative capital of the state. The city is divided into 73 administrative wards each serviced by an elected representative. The economy of the city is majorly from industries and manufacturing units like chemical companies, service sector, logistics and warehousing components, retail and many others. The educational infrastructure in the city is strong with the presence of noted institutions like Maharajas College, Government Model Engineering College, St.Teresa’s Women's College, Govt. Law College, St.Alberts College, Sacred Heart College, Cochin University of Science & Technology. Tourists visiting Ernakulum can roam places of interest like Bhoothathan Kettu Dam & Reserve Forest, Paavakkulam Mahadeva Temple, Puthuvype Beach, Ernakulum Shiva temple among others.
All the major banks and NBFCs in the country have a network in Ernakulam through their many branches. They offer personal loans in Ernakulam along with a lot of other services relating to banking, investment, wealth management and advisory services. The banks have branches across the city which operate and cater to the needs of people at various locations in the city. All banks offer doorstep service for document collection for loan applications.
Apply for personal loan online in Ernakulam through us and get access to various deals and offers from different banks and NBFCs when they are available. If you want to know how to get a personal loan in Ernakulam then call us on our number or fill in your details on our simple form. We will log your request and compare you details against the eligibility criteria of different banks and NBFCs to get you the best deal for personal loan in Ernakulam. You can also get Instant personal loan online approval in Ernakulam if your details match the ideal specifications of a bank/NBFC. With more and more personal loan agents in Ernakulam, it can be rather confusing to find out which deal matches your exact requirement. We help you do this through our interactive service which helps you compare and get the lowest interest rates for personal loan in Ernakulam. The entire service is delivered at your comfort with documents collected from your home, office or suitable location. Gain more information on our site of topics like EMI, eligibility, interest rates, credit score and other areas. Check your eligibility through our various calculators and get the best deal for personal loan in Ernakulam. We do not charge you for our services and you will be advised every step of the way from application to disbursal for free.
If you are looking to find out which bank is best for personal loan in Ernakulam then click on the apply online link and feed in your eligibility. Based on the factors we will present the banks which provide the best deal for your requirement. There are no set criteria for which bank is best for personal loan in Ernakulam as the basis of getting a low interest rate depends entirely on your eligibility. The banks will look at your CIBIL Score, employment, salary and other factors before advancing you a loan. In cases where you do not have a credit score and need a personal loan in Ernakulam without CIBIL check, you can approach private and individual lenders through this platform. We provide a platform that aggregated various types and categories of lenders to suit each requirement.
Eligibility Criteria for Personal Loan in Ernakulam
Age of the applicant should be between 21-60 Years
Salaried individual with minimum income of Rs 15,000. Salary bracket would depend on the city you live in and the company you work for. Eg. If you are in a Metro, the salary requirement will be higher than non-metro and if you are working in a top MNC, the salary requirement would be lesser than one working with a new company.
Should be staying in the city for at least 1 Year
Total work experience should be at least 2 Years
Basic documentation such as KYC, latest bank statements etc are required
Be informed of the different ways your Personal Loan Rate of Interest in Ernakulam is calculated so that you take the right decision when it comes to choosing your loan at the lowest interest rates. Apply below to get started and to know the offers that are available on your Personal Loan in Dec 2018
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