Personal Loan Kochi

A Personal Loan is a loan that can be used for multi-purposes there is no restriction on the utilisation of Personal loan. These purposes could be debt repayment, taxes, paying medical bills and more. The Bank provides finance within 2-3 days with minimal documentation and quick approval.

Personal Loan Kochi Interest Rates

Different banks and financial institutions offer different Interest rate according to there terms and conditions. Usually, they provide interest rate on Personal loan of 10.75% per annum.

More About: Interest Rates on Personal Loan

Why Personal Loan Kochi?

First of all, we don’t require to mortgage any asset against the loan amount.

Secondly, the process of loan approval is quick and hassle-free.

Next, it requires very minimal documentation for loan approval.

After that, we won’t require any guarantor for loan approval.

Besides that, the loan disbursal is quick.

Personal Loan Kochi Eligibility Criteria

Eligibility for both the applicant depends upon several factors such as your credit score, monthly income and on other factors.

Salaried Individuals:

First of all, the individual should be a citizen of India or the Permanent Resident.

Secondly, the minimum age of the applicant should not less than 21 years.

Next, the applicant’s maximum age should not more than 60 years.

After that, the applicant should be working for at least three months in the organisation.

Furthermore, the Credit score of the applicant should be more than 680.

Minimum salary of an individual should be at least Rs.20,000 per month.

The applicant should get his salary in his bank account.

Self Employed Individuals:

First of all, the individual should be a citizen of India or the Permanent Resident.

Secondly, the minimum age of the applicant should be not less than 25 years.

Next, the individual maximum age should not be more than 65 years.

After that, the applicant carrying his business from at least the past three years.

Furthermore, the Credit score of the applicant should be more than 680.

Next, the applicant filing his Income Tax Returns from at least past three years with a minimum amount of Rs. 2.5 lakhs.

To know more about: Personal Loan Eligibility

Personal Loan Kochi Documents

The applicant doesn’t require so many documents for getting a Personal Loan. Some necessary required documents are needed, and they all are listed below:-

For Salaried Applicant:

1. 1. • Identity Proof
      • Current Address Proof
      • Last six months bank statements
      • Latest three months salary slips
      • PAN Card Copy
      • Two Colored Photographs

For Self-Employed Applicant:

1. 1. • Identity Proof
      • Current Address Proof
      • Recent one year Bank Statement
      • Previous two years ITR
      • PAN Card Copy
      • Two Colored Photographs

To Know more about: Documents Required for Personal Loan 

Why your decision of choosing magicloans is the right decision?

Firstly, magicloans gives the solution of there customers query quickly.

Besides that, we offer the loan at a competitive and affordable rate of interest.

Furthermore, here, you can get the loan service by comparing the interest rate of different banks.

Besides that, you will get the quick response of any quires from our relationship manager.

If you apply on the magicloans, you will get a document pickup facility on your doorsteps.

How to Apply for Personal Loan Kochi?

1. First of all, search for the magicloans website.
2. After that, the form will open up.
3. Besides that, fill the required information.
4. Lastly, you get a call from our relationship managers who will guide you and solve your further queries.

About Kochi

Kochi is also known as Cochin. It is a major port city on the south-west coast of district Ernakulam in the Kerala State, India. It is beneficial for the individual to take the personal loan from us; all you have to visit a magicloans website.

Personal Loan Interest Rates: Updated