Best Personal Loans in Kakkanad, Kochi
Kakkanad is one of the top areas of Kochi, Kerala. As it’s the administrative headquarters of the Ernakulam district, its filled with several state and central government offices. It has the large Industrial base and IT capital of Kochi with the second largest IT park “Kochi Info park” and the state’s largest IT township “Kochi smartcity” is under construction. Kakkanad also has presence of Media broadcasting offices and states largest theme park Wonderla
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.