Personal loan in Malappuram

Instant personal loan in Malappuram

Located in Kerala, Malappuram is a rapidly growing city and serves as the administrative headquarters of its district. Recognized as the world's fastest-growing city (2015-2020) by an EIU survey, it is also India’s first municipality to provide free Wi-Fi to all residents. The city is known for its rich educational heritage, specializing in Islamic philosophy and Hindu-Vedic learning. Bajaj Finance offers personal loans in Malappuram with attractive benefits, including flexible tenure, minimal documentation, and no collateral requirements. Eligible borrowers can avail of quick and hassle-free loans with reasonable interest rates. Whether applying online or visiting a branch, Bajaj Finance ensures seamless loan processing to help meet diverse financial needs.

Flexi loans

Repay with a surplus any time or at the tenor’s end and reduce the EMI up to 45%*.
Tenor up to 96 months

Use the Personal Loan EMI Calculator to pick a suitable tenor of up to 96 months.
Pre-approved offer

Ease the procedure of taking personal loans in Malappuram and save time with pre-approved offers.
Manage account online

Stay updated regarding your payments, due dates, total outstanding, and more with our account management facility online.
No hidden charges

Except nominal fees, there are no hidden charges involved in the loans.
High-value financing

Once you meet the personal loan eligibility criteria criteria, you can avail up to Rs. 55 lakh.
Unsecured loan

You need not keep any collateral to avail the funds from Bajaj Finserv.
Approval instantly

Get your loan application instantly approved by applying online.
Funds within 24 hours*

No more waiting to fund your monetary urgencies. Receive the loan amount in 24 hours* in your account.
Few documents

Ensuring convenience, Bajaj Finserv considers only a few documents to process an application.

*Conditions apply

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Meeting the eligibility criteria is essential to securing a personal loan in Malappuram. Bajaj Finserv offers high-value financing with simple requirements, ensuring quick approval. Once eligible, the loan amount is directly credited to your bank account with no end-use restrictions. Use our personal loan eligibility calculator to check your eligibility instantly.

Employment

Working at a private/public company or a reputed MNC
Credit score

685 and above
Nationality

Resident Indian
Age

21 years – 80 years*

To avail of a personal loan in Malappuram, applicants must submit essential documents to ensure hassle-free approval. Knowing the personal loan document requirements in advance helps streamline the process. Here’s what you’ll need:

KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
PAN card
Employee ID card
Salary slips of the last 3 months
Bank account statements of the previous 3 months
Piped gas bill
Pension order
Letter of Allotment of Accommodation Issued by Employer
Property / Municipal tax receipt
Utility bill
Real-time image / photograph
Ration card

*You should be 80 years* or younger, at the end of the loan tenure.

Understanding the personal loan rate of interest in Malappuram helps borrowers make well-informed financial decisions. Interest rates vary based on factors like credit score, income, and loan tenure. Bajaj Finserv offers competitive rates to ensure affordable borrowing. Check the latest interest rates and charges below:

Loan Details	Rates & Charges
Interest rate	Starting from 10% p.a.
Processing fee	Up to 3.93% of the loan amount
Tenure	12 months to 96 months
Late payment fee	As per lender's policy

Compare rates carefully to choose the best loan offer that suits your needs.

Bajaj Finance provides various personal loan options to help you manage planned and unexpected expenses. If you're looking for an instant personal loan in Malappuram with flexible terms and quick approvals, explore the following options:

Plan your next trip with a travel loan and enjoy a stress-free vacation.
Cover wedding expenses effortlessly with a marriage loan tailored to your needs.
Invest in education with a personal loan for higher education to manage tuition fees and study materials.
Handle medical emergencies smoothly with a medical loan offering quick disbursal.
Upgrade or renovate your home with a personal loan for home expenses for hassle-free financing.

How to apply for a personal loan in Malappuram

To apply for a personal loan in Malappuram, follow these simple steps for a hassle-free process:

Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
Enter your 10-digit mobile number and the OTP sent to your phone.
Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
Now, click on ‘PROCEED’ to visit the loan selection page.
Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents

Frequently asked questions

Salaried and self-employed individuals meeting the lender’s personal loan eligibility criteria can apply. Factors like income, credit score, and repayment capacity determine eligibility.

The tenure typically ranges from 1 year to 96 months, depending on the lender and borrower’s repayment capacity.

Yes, most lenders allow prepayment, but it may include foreclosure charges. Check with your lender for specific terms.

Defaulting affects your credit score, incurs penalties, and can lead to legal action by the lender.

Yes, but it may come with a higher interest rate or require a guarantor. A good credit score improves loan approval chances.

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