Best Personal Loans in Kaloor, Kochi
Kaloor is one of the popular town in the city of Kochi, Kerala. Kaloor is the birthplace of famous Malayalam poet Vylopillil Sreedhara Menon. Kaloor has the largest stadium in the state, the Jawaharlal Nehru Stadium and the Regional Centre of the Indira Gandhi National Open University (IGNOU). Kaloor also has a major intersection connecting the two major arteries of downtown, the Banerji Road and the K. K. Road - Perandoor Road. The nearest intersection is Palarivattom to the east and Lissie Junction to the west. Kaloor is also home for many temples, churches and mosques.
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.