Best Personal Loans in Kadavanthra, Kochi
Kadavanthra is a developing area in the city of Kochi. As its close to the Ernakulam Junction Railway Station and Kaloor, Vyttila and Cochin International Airports, makes it a high valued residential area and good for real estate. Kadavanthra also has a major intersection in the city of Kochi, intersecting the Sahodaran Ayyappan Road with the Kaloor-Kadavanthra Road and theK.P.Vallon Road. Kadavanthra has the Kochi development headquarters The Greater Cochin Development Authority. Few of the churches in this locality are St. Joseph's Syro-Malabar Catholic Church and St. Sebastians Latin Catholic Church. Kendriya Vidyalaya (KV), Bhavans Vidya Mandir and St. Josephs UP School .
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.