Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Kochi. 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 Kochi 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 Kochi, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Kochi. 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.
Kochi also known as Cochin earlier is the second largest city in the state of Kerala. It is situated on the coast and is popular for its beaches and backwaters. Quite popularly known as the Queen of the Arabian Sea, this historic city was a harbour and trading centre for spices. The civic administration of Kochi is divided into 74 wards which includes localities like aluva, kaloor, panampilly nagar, vyttila, nettoor, cheranalloor etc. Kochi is called the commercial capital of the state of Kerala due to its natural harbour and corporations in the areas of chemical, IT and health services. The headquarters of the Federation Bank is located in the city of Kochi. It is also landmarked with the LuLu Mall, the largest shopping mall in India along with the fort area and the Syro-Malabar Church.
Kochi or Cochin is the business centre for Kerala with a presence of all the big private banks and financial institutions. The institutions have branches all over the city which cater to the different needs of people including personal loans in Kochi. The different banks and institutions in the private sector which have branches in the city of Kochi include:
ICICI Bank - is the second largest private sector bank in India which has approximately about 32 full and part service branches in the district of Ernakulam
HDFC Bank - is the largest private sector bank in the country and operates in Ernakulam from approximately about 40 branches
Axis Bank - is the third largest bank in the country in the private sector and operates about 16 branches in the district of Ernakulam
Kotak Bank - is a large bank in the private sector which works in about 10 branches in the district
Citibank - is operating out of about 1 branch in the city of Kochi
Bajaj Finserv - is one of the largest NBFCs in India with 1 branch in Kochi city
Tata Capital - is again a well-known NBFC with about 1 branch in Kochi
Fullerton - services the entire city of Kochi through their 1 branch
Now you can get instant personal loan online approval in Kochi if you apply for a personal loan online through our site and meet the requisite eligibility criteria. Personal loan agents in Kochi work with a limited set of banks who might not be able to process or give you the best deal as compared to an aggregation platform. You can get the lowest interest rates for personal loan in Kochi if you have the right credentials from any of the different banks and NBFCs we work with. So if you are wondering how to get a personal loan in Kochi, read further on aspects like EMIs, eligibility, CIBIL and other factors that will affect you on our site. Explore the different areas covered in Kochi where service will be delivered to your doorstep right from document collection to disbursal. Through our smart form and backend software we will check you eligibility against those listed by our multiple partners to show the best deal for personal loan in Kochi available to you. We do not charge you for our services so feel free to contact us on our number or fill your details in our forms and we will call you back.
Eligibility Criteria for Personal Loan in Kochi
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 Kochi 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 Nov 2018
Find out your customized interest rate for a Personal Loan in Kochi?
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I am very happy I came to this website for my loan. The reply is quick and the service very good. They compare loans from different banks and tell you about EMI calculator and cibil as well as other things. Thaks to them I got a personal loan at the lowest interest rate from hdfc bank.
I got a travel loan from bajaj finserv through this portal. It is a very interesting idea to check for loans from every bank and offer the one from the best loan provider. It greatly reduced my effort and also gave me a low rate of interest. I recommend Cashkumar to every per who requires a loan.
hello iam guruprasad from Kochi. How can I get a loan from your site. I need the money quickly and I do not want to approach all the banks as it will become very late then
Hi Guruprasad, we will be happy to help you with the process. You just have to click on the apply for loan link and fill in the form which ask for your personal and financial details. After you fill it we will revert to you and confirm these details as also advice you on the possible rate of interest you will get. Once you confirm this we will send the details to the bank and inform you when the documents will be collected. then the bank will take over and service your application. The most we cab hope for is for the application to be processed in 72 hours if you respond on time.
Cashkumar team, it was great interacting with you and applying for a loan. The whole application process want extremely well and your staff was very helpful with advice. I finally got a good offer from citibank and I have taken the loan. I will tell about your service to all my friends and i have already liked your page as you asked for :)
Sir, this is a very good attempt to help us get loans in Kochi. I was happy that your people answered all my questions and told me about the best loan providers in the city from whom I can get a loan. Iam looking forward for my application to go through now.
my application has still not been approved and I was trying to call your number but it is engaged!!!
Hi Ranil, apologies for your inconvenience. We do get a lot of requests in a day and sometimes the phone lines are occupied. We have noted your calls and will even now we are dialing your number to reach you. Regret the inconvenience!!!
Hi, well a good way to take a loan and appreciate what cashkumar has done to help me get it. They told me about the eligibility criteria and how it will affect my approval. Thankfully everything was all right and my loan got approved so thanks to Cahskumar and its staff.
I came to the site through a blog which referred to 10 mistakes that people make while applying for a personal loan. The article was eye-opening and revealed a lot of infomrtion on what not to do. There are so many silly mistakes we can make which will end up in rejection of application. I suggest the article to everyone and thanks to cashkumar for sharing the information.
Hello, Iam very happy with your response and service. I applied for a travel loan through your site and got extremely good advice. I also started chatting with your person on traveling and we had informal talk on places we will go to. This is very good customer service and made me feel really nice that your person did not try to hurry me and actually wanted to share a good talk. With such people you will always have customers coming in.
My friend recommended cahskumar to me and i am happy with their service.
Excellent website with a lot of information on various things connected to loans. They have EMI calculator
documents required, eligibility calculator and also sections for different types of loans. Good for doing homework on loans and also applying for one.
Well laid out and informative website guys. The good point is the pain you have take to make it instructive for customers while also keeping a clean transactional interface!!! Will recommend to friends who need a loan.
Hi, my renovation loan request with kotak was handled very well and I got a quick approval for my loan. Thanks to you all.
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