Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Kottayam. 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 Kottayam 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 Kottayam, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Kottayam. 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 Kottayam 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.
Kottayam situated in the south-western Indian state of Kerala also known by nicknames such as "Akshara Nagari", "Chuvar Chitra Nagaram" is the administrative headquarters of Kottayam District. Records state that a number of social struggles held in Kerala among these the Malayali Memorial Agitation originated in Kottayam. The civic administration of the city is done through 38 ward representatives that form the municipal council. The city is a trading destination for spices and rubber, this being the cornerstone of its aconomy. Apart from this the tourism sector also provides employment and is a major contributor to the economy. City based educational institutions in Kottayam include Rajiv Gandhi Institute of Technology, Indian Institute of Information Technology, St. Joseph's College of Engineering & Technology, Indian Institute of Mass Communication, Model Polytechnic College etc. Popular tourist and religious places like Vagamon, Vaikom Mahadeva Temple, Illikkal Kallu, Boat Tours, Thangal Hill, St Mary's Knanaya Church , Kumarokam bird sanctuary among others are part of the city.
Kottayam has a wide coverage of banks and NBFCs to provide various services in every part of this expanding city. Every major financial institution has a network throughout the city to provide services ranging from personal finance, corporate banking, wealth advisory, investment etc. NBFCs also provide services in the area of financing consumer good purchases apart from the regular functions like providing personal loans in Kottayam. Apart from this a lot of public sector banks also have a wide network of branches in the city providing similar services.
Check out the lowest interest rates for personal loans in Kottayam by filling in the forms and letting our intuitive algorithm search for the best deal. We work with various banks and NBFCs as compared to personal loan agents in Kottayam and thus are able to search for a better offer. The entire process is completed at your doorstep or through the use of technology to make it simple and convenient. You can get the lowest interest rates for personal loans in Kottayam if you meet the eligibility criteria for various banks and NBFCs. All steps are taken in complete security and your data is always protected and secure through the entire transaction. Read all about personal loans, credit rating, EMIs and eligibility if you are wondering how to get a personal loan in Kottayam. If you have your requirements ready then apply for a personal loan online by filling in our simple form or reaching out to us over phone. Instant online approval for personal loan in Kottayam can also be obtained if you meet the exact criteria for a certain bank or NBFC.
Eligibility Criteria for Personal Loan in Kottayam
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 Kottayam 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 Jan 2019
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