Personal Loan Trivandrum

Best Banks for Personal Loan in Trivandrum

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	0.12
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 in Trivandrum Features

Personal Loans Trivandrum is provided to solve your immediate financial needs, such as you may need funds for marriage celebrations. This loan provides flexibility in the use of funds as per your needs. The loan is provided to those individuals who have good CIBIL scores or good credit transaction history.

Personal Loan Trivandrum is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan Trivandrum, the applicant needs to have a stable and good income source and a good credit history. Furthermore, there is no end-use restriction on the use of the personal loan Trivandrum amount. Therefore, you can use this Personal loan amount anywhere you want to pay.

Personal Loan in Trivandrum 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
Private 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	0.01	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 in Trivandrum

Salaried Customers:

1. Identity proof (Aadhaar card/driving license)
2. Salary slips of last three months
3. Bank statements for the last 6 months
4. PAN Card
5. Residence Proof (Owned/Rented/Company provided)
6. Passport-sized photographs – 2

*NOTE: In the case of rented apartments, a rent agreement needs to be attached.

Self-Employed Customers:

1. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhaar Card
4. Residence Proof
5. Two passport-sized photographs

Personal Loan in Trivandrum Eligibility Criteria

The Personal Loan Eligibility criteria for both individuals Salaried and Self-Employed are different:

Salaried Applicants

1. The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
2. The applicants must have work experience of 3 years.
3. The applicants must have a clean or good credit history.
4. The job location of the applicant should be mentioned.
5.  A borrower should have a minimum income of INR 25,000 per month

Click here to know more about- Personal Loan Salaried Applicant

Self-Employed Applicants

1. The minimum age requirement for an independent person should be 25 years.
2. The applicants applying for the personal loan Trivandrum should file ITR for the last 5 years.
3. If the applicant is a businessman, the business should be efficiently running for the past three years.
4. The credit score of the individual applicants should be good or valid
5. The annual income of the applicants should be a minimum of Rs 2.5 lakh.
6. The whole documentation process of the personal loan Trivandrum is that the applicants have to submit their financial bank statement of the previous three months.

Click here to read more –Personal loan Self-employed Applicant

Why Apply for a Personal Loan in Trivandrum?

1. There is no need to provide or deposit any Asset mortgage and collateral security to the bank.
2. A personal loan Trivandrum is a multi-purpose offer loan.
3. The amount of personal loan Trivandrum depends upon the repayment of individual income and capacity.
4. A Personal Loan Trivandrum does not require any guarantor or nominee.

How to apply for Personal Loan in Trivandrum?

1. Visit Dialabank.
2. Select the loan section and click on the personal loan link.
3. The applicant will be sn to all details of the personal toy can choose their preferred city.
4. For more details and free guidance, you may call on this number 9878981166.

Processing Fees/Prepayment Charges on Personal Loan in Trivandrum

Every Bank and NBFC charges a processing fee for a Personal Loan application. These can vary from 1% of the sanctioned loan amount.

If you want to foreclose your loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, you cannot close or wind up your loan before 12 months. Post that, the charges vary depending on how many years the Personal loan has been done or the period of personal loan Trivandrum. These charges vary from 4% of the outstanding Personal loan amount in the 2nd year to 2% in the fourth year of the loan.

Personal Loan EMI Calculator Trivandrum

Equated Monthly Installments, also known as EMI, are the monthly fixed charges you pay to the bank for the loan amount borrowed.  Based on your profile, the interest rate on your Personal loan Trivandrum is determined. Your EMI is calculated using a personal loan EMI calculator basis the Interest Rate the bank charges you, the amount of personal loan you have to take, and the period for which you enjoy the Personal loan Trivandrum.

CIBIL Score required for Personal Loan Trivandrum

Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in GwalHowever. However, most institutions require a minimum score of 650 to 750 to process your loan application.

The institutions also check out the detailed behavior on the previous loans taken. This includes details on the type of Personal loan taken and the amount borrowed from the bank. Any delayed payments for previous loans can create an obstacle to your availing of a fresh loan.

Personal Loan Trivandrum Agents/Broker

Dialabank is the leading agent for availing of Personal Loan Trivandrum. Dialabank helps find the best option for Banks and NBFCs by providing you with the best offers after a detailed market comparison to make the right choice of personal Loan Trivandrum. Go to the website and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch or have a call with you.

Personal Loan Trivandrum Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Trivandrum.

Pre Calculated EMI Table for Personal Loan Trivandrum

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

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About Trivandrum

FAQs on Personal Loan Trivandrum

✅ Who can apply for a personal loan in Trivandrum?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Trivandrum.

✅ What is the tenure of a personal loan in Trivandrum?

Most banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. Some Banks extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly installments within the agreed tenure of the loan.

✅ Can my application for Personal Loan Trivandrum get rejected due to my CIBIL score?

Since a Personal Loan is an unsecured loan, one of the most important decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t skip any of your loan EMI payments or any credit card payments, as that will decrease your CIBIL score. Most of the Personal Loan rejections happen due to a low CIBIL Score.