Best Personal Loans in Vyttila, Kochi
Vyttila has the largest and busiest intersections in Kerala, the National Highway 47 intersecting three city roads of Kochi viz, the S. A. Road (east-west), the Vyttila-Petta Road, and the Thammanam Road. It’s also the Mobility Hub of Kochi which co-ordinates with the different ways of surface transport for local / national buses, rail, Metro Rail and inland water transport to the city onto a single bay. All the major banks and schools have their branch in Vyttila. Its also famous for shopping malls and hangout places such as Multicomplex TheGold Souk Grande Kochi, Gold Souk is located in Vyttila on NH Bypass. LULU mall, Big Mart, Margin Free Market and the Oberon mall.
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.