A personal loan is an unsecured loan that lets you borrow the money from the banks and non-banking financial organization to meet their particular needs. The loan will be provided on the basis of income, credit score, and history of employment history, repayment capacity. In this, you don’t have to keep anything for security such as gold or home as it is an unsecured loan. And the applicant can use this amount of loan anywhere. As it is totally, depends on the borrower in what they want to use the money like to pay your credit card bills, to make your home and for wedding purposes. However, everyone has a reason to get a personal loan, and it helps to overcome such problems.

What is Personal Loan?

Personal Loan is unsecured finance that means it does not require any collateral. You do not need to deposit any mortgage or security. You can get a Personal Loan on the basis of your eligibility like monthly income, banking history, CIBIL score, employment profile, etc

 Why should one choose a Personal Loan Cochin?

  1.     Borrow a Loan amount up to Rs 15 lakhs.
  2.     Less paperwork involved.
  3.     Cheapest Interest rates.
  4.     No security or guarantee requirement.
  5.     Instant approval within 48 hours.
  6.     Flexible loan tenure from 12 to 60 months.

Personal Loan Cochin Eligibility

Personal Loan does not apply to everyone, and there are some eligibility criteria on the basis of which bank provides a loan to the applicant. There are two categories of applicants:

  1. Salaried
  2. Self-employed

There are different eligibility criteria for both applicants.

Salaried Applicant:

  1. The minimum age of the applicant should be 21years and maximum up to 60 years.
  2.  If the applicant is residing in a metropolitan city, then they should have a minimum income of Rs 18,000. And if the person is from a non-metropolitan city, then they should have a minimum salary of Rs 12,000.
  3. The applicant should have the work experience of the last three years, and the salary should come in their account only.
  4. The applicant must have a good credit score, and it should vary between 650 to 700.
  5. The applicant must have to submit their bank statement of the last three months and the salary slip of the last six months.

Click here to know more about- Salaried Applicant

Self-employed Applicant:

  1. The minimum age of the applicant should be 25 years and maximum up to 65 years.
  2. The applicant should file ITR for the last three years.
  3. The credit score of the applicant should be good, and no debt should be left due.
  4. The ITR which the applicant files should be of Rs 2.5 lakhs per annum at least.
  5. And the applicant has a business than his business should be running from the last three years

 Click here to know more - Self-employed Applicant

Personal Loan Cochin Documents

  1. Identity proof: (Passport/Id card/voter card/driving license/Aadhar Card) It can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
  2. Residence proof: (Passport/Id card/voter card/driving license/Ration Card/Aadhar Card).  And if the applicant is living in a rented apartment, then they have to submit their rental agreement, electricity bill which has to be in the name of the applicant and the address of the owner.
  3. The applicant has to submit their PAN card which is an essential document under the KYC formality.
  4. If the applicant is a salaried one, then they have to submit their salary slip of the last three months and the bank statements of the last six months.
  5. And if the applicant is a self-employed then they have to submit the ITR of the last three years and registration of their business should be done.
  6. Two passport size colored photos. (Applicant should not be wearing glasses)




Salary slips of last 3 months & bank statements of the last 6 months

 ITR of 2.5 lac          minimum for last 3    years

 Identity Proof: Aadhaar Card/Pan Card/Voter Id/ Driving      License/ Passport

 Address Proof: Aadhaar Card/Pan Card/Voter     Id /Passport/Driver License and if the person is living in a rented apartment then rental agreement, electricity & water bill and    owner’s address

 Two colored photographs

PAN Card

credit score above 650

Personal Loan Cochin Interest Rate

The interest rate may vary from person to person as it depends upon the salary and CIBIL score of the applicant. The interest rate of personal loan starts from 10.75% per year.

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Personal Loan Cochin Tenure

The tenure of the personal loan is from 1 year to 5 years.If you want to close your loan before the tenure of the loan to get rid of the interest rates than you can do so.

Why your decision of choosing Dialabank is the right decision?

  1. We do not charge any extra fees from our customers.
  2. We are always ready to help our applicants and are available 24\7.
  3. The approval process is time-saving if you apply through dialabank.
  4. The Loan get disbursed within 24 hours.
  5. Our experts will assist you, and our relationship managers will provide guidance.

How to Apply

  1. Visit www.dialabank.com
  2. Fill all the required details like name, monthly income, phone no.
  3. Apply for a Personal Loan

About Cochin

Cochin is also was known as Kochi. It is the major port city on the south-west coast of India bordering the Laccadive Sea. It is the part of the district of Ernakulam in the state of Kerala. It is the most densely populated city in Kerala. Cochin is also known as the Queen of the Arabian Sea. Cochin is the largest and the most populous metropolitan area in Kerala.It is very beneficial for an individual to take personal loan, all you have to do is to visit www.dialabank.com or call on 9878981166.

Personal Loan Interest Rates: Updated


Interest Rates


 10.99% to 18%


13.99% to 18%

Fullerton India

17.25% to 32%

Bajaj Finserv

13.99% to 16.75%

Axis Bank

15.50% to 24%

Standard Chartered Bank

15.75% to 22%

Kotak Mahindra Bank

13.75% to 19%

Andhra Bank

13.50% to 22%

Bank of Baroda

13.50% to 19%

Vijaya Bank

13.75% to 22%

Corporation Bank

14.50% to 20%

Allahabad Bank

13.70% to 20%