Personal Loan Ernakulam

Major Personal Loan Providers in Ernakulam

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt

1% - 2.5% of the Loan Amt

0.5% - 2% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes

Personal Loan Ernakulam Features

personal loan ernakulam

A brilliant solution to many financial issues is Personal Loan Ernakulam. If you need liquidity capital for an emergency or a big achievement in your life, personal loans support you a lot here. Imagine making several loans of differing sums and interest rates of principal. A private loan allows you to combine all these obligations into one and reduce the financial issues.

Dialabank provides you with a hassle-free experience to get you the latest personal loan deals in record time on the market. Our specialist team is there to assist you throughout any step of the way. To learn the details, scroll lower.

Personal Loan Ernakulam Interest Rates

Bank
Processing Fee
Prepayment Charges
HDFC Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan
0.50% to 1.50%
Nil
ICICI Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
1%
Nil
Andhra Bank Personal Loan
Nil
Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents Required for Personal Loan Ernakulam

Salaried Customers:

  1. Evidence of legitimacy, such as a driving license / Aadhar card
  2. Last three-month slips of pay
  3. Statements of banks for the last 6 months
  4. PAN Card Sheet
  5. Residence Evidence (Owned / Occupied / Company provided), and in the case of rented apartments, the rental arrangement
  6. 2 Applicant’s passport-sized photos

Self-Employed Customers:

  1. All financials (Balance Sheet, P&L Statement, and ITR files) are needed
  2. PAN Card Board
  3. Aadhar Card as proof of identity
  4. In the event of a leased apartment, Residency Confirmation, and rental arrangement
  5. The applicant’s two passport-sized images

personal loan at 10.75%*

Personal Loan Ernakulam Eligibility Criteria

Click here to know more about personal loan eligibility

Salaried Applicants

  1. The applicant’s minimum age threshold should be 21 years and a limit of 60 years.
  2. Applicants must have three years of work experience. In their records, the payment can be revealed.
  3. Applicants must have a financial history sufficient for a private loan.
  4. The applicant’s job position
  5. The basic salary of INR 25,000 a month should be

Self-Employed Applicants

  1. The applicant’s minimum age should be 25 years.
  2. An ITR file will be needed for the last three years.
  3. The applicant’s company should have been active for the last three years.
  4. The score for CIBIL should be up to the mark.
  5. The applicant’s annual income could amount to at least Rs 2.5 lakh.
  6. The entire personal loan reporting process is required for borrowers to apply their financial statements and their bank accounts for the preceding three months.

Why Apply for Personal Loan Ernakulam?

  • Personal Loan Ernakulam is based on the revenue per annum of the nominee and his credit score. There is no other prerequisite for
  • As it is an unsecured loan, there is no need to place a valued asset as collateral to the lender for Personal Loan Ernakulam
  • Personal loans have larger quantities of loans to help you cope with any financial problem.
  • Personal Loan Ernakulam is a multi-purpose deal that can be used, including debt restructuring, for nearly all financial difficulties in existence.

How to apply for Personal Loan Ernakulam?

To qualify for the best offers for a personal loan:

  • Visit Dialabank and click on the link for a personal loan on the homepage menu.
  • You will be led to a website where, along with your phone number, you will have to fill in both your personal and professional information.
  • Wait for a while after you click on ‘Submit now’. You will get mail threads from numerous banks and NBFCs ready to lend you a personal loan in a short span of time.
  • Our experts are going to send you a call and help you pick the right deal for you.
  • Call us on 9878981166 in the event of any questions.

personal loan at 10.75%*

Processing Fee / Prepayment Charges on Personal Loan Ernakulam

For processing your Personal Loan application, every bank and NBFC charges a fee. The Personal Loan Ernakulam processing fee is 1 per cent of the amount of the loan authorized.

Every lending institution charges you a penalty pre-payment fee if you plan to foreclose your loan before the negotiated loan tenure. You can’t close the loan within 12 months in most situations. The costs vary according to how many years the loan has been taken out. Such charges range from 4% of the remaining balance of the loan in the 2nd year to 2% in the 4th year of the loan.

To know about the interest rate click on personal loan interest rate

Personal Loan Ernakulam EMI Calculator

CIBIL Score required for Personal Loan Ernakulam

For the processing of a personal loan application in Ernakulam, each lending institution has its own requirements for the minimum CIBIL score required. To process your loan application, most institutions need a minimum score of 750.

The organizations look not only at the average ranking but also the comprehensive actions taken on the previous loans. This provides specifics about the kind of loan taken and the borrowed number. For prior loans, any delayed payments will serve as a deterrent to the use of a new loan.

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Personal Loan Ernakulam Contact Number

In Ernakulam, call 9878981166 and get immediate assistance and permission for a personal loan.

Pre Calculated EMI Table for Personal Loan Ernakulam

Click here for personal loan EMI calculator

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Ernakulam

Ernakulam is a town situated in the most industrialized part of Kochi and is regarded as the commercial hub of Kerala State. It is known for its marine transport in the backwaters and cruises with boat rides. The Mythology of Kerala and the Museums of the Hill Palace allow us to understand the city’s local past. Along the roads of Ernakulam, there are many stores, broadways, and eateries that reflect the city’s vibrant culture and draw many tourists.

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