Best Personal Loans in Palarivattom, Kochi
Palarivattom's is one of the commercial regions of Kochi, which is famous for its vegetable, fish markets several supermarkets. Kerala’s best super market chain Varkey's is located here. Most of the top banks have their branches in this region, few are State Bank of India, the State Bank of Travancore, Federal Bank, HDFC Bank, Axis Bank, ICICI Bank, and the Catholic Syrian Bank,Corporation Bank Zonal Office, and has a large telephone exchange. Palarivattom is also known as Pagalnarivattom.
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.