Best Personal Loans in Ernakulam, Kochi
Ernakulam is the Tourist capital of Kochi and has its history from stone age as the Monolithic monuments like Dolmens and rock-cut caves can be witnessed in Ernakulam. Ernakulam was ruled by Chera Dynasty of the Sangam age and later by the Kingdom of Cochin in pre-colonial age. It was also the capital of Kingdom on Cochin. It has the major financial and commercial traction in Kerala, the region is well developed due to the The Cochin Port and due to Tourism it offers. It has lot of ancient temples, and churches which attracts tourists.
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.