Comparison of Personal Loan Interest Rates of Top Banks/NBFCs in Kochi
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Rates as of 28th March 2023
EMI Calculator
EMI Calculator
₹
%
Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan Features
- Interest rates- 10.49% p.a. onwards
- Loan amount- Up to Rs 40 lakh
- Tenure- Up to 5 years; may range up to 7 years for some lenders
- No collateral or security is required for availing loan
- To meet any personal requirements other than speculative purposes
- Pre-approved instant personal loans
- Processing fee up to 4% of loan amount
Income Requirements of Personal Loan in Kochi
Minimum Monthly Income Requirements: Rs 15,000 (for salaried); can be higher for some lenders
Eligibility for Personal Loan in Kochi
- Indian Resident
- Eligible applicants: Salaried employees, self-employed professionals and self-employed non-professionals, public and private sector employees, employees of State/Central/Local government
- Age: 21years (at the time of loan application) to70 years (at the time of loan maturity)
- Credit Score: 750 and above for better possibility of availing personal loan and at lower interest rates
Documents Required for Personal Loan in Kochi
- Application form duly filled with photographs attached
- Identity Proof- PAN Card/ Voter ID/ Driving License/Aadhaar Card/ Passport
- Address Proof- Aadhar Card/copy of ration card /Voter ID/Driving License/ Passport/electricity bills /gas connection bills
- Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
- Income Tax Returns or Form 16 for last 3 years
- Salary slips/salary certificate for last 3 months
- Bank account statement for past 6 months