Personal Loan in Kerala

Personal Loan in Kerala

Check your personal loan eligibility in Kerala without branch visit and apply online from your phone.

Loan Types

Loan Types

FAQs

FAQs

Video

Video

₹40,000 - ₹50 Lakh

You may be eligible for a pre-approved offer in Kerala

Check now

Enter mobile and OTP | Quick online approval | Get money in a day*

Bajaj Finserv in your state

  • Living in Kerala and need instant access to funds? Whether you are planning a wedding, facing a medical emergency, or looking to renovate your home, a personal loan can help. With Bajaj Finserv Personal Loan, you can enjoy a seamless, 100% online experience — no long queues, no branch visits.

    You can also check if you already have a pre-approved offer in Kerala. The entire process is online:

    Check your personal loan offer in Kerala with phone number and OTP → Apply online in 5 minutes → Receive funds within a day*.

Kerala, in southwestern India, is known for its green landscapes, backwaters, and rich culture. With high literacy and good healthcare and education systems, the state also stands out for its traditional arts, food, and colourful festivals, making it a favourite among tourists.

Personal loan in Kerala

Getting a personal loan in Kerala is simple. You can apply through banks, financial institutions, or online lenders. Your eligibility and documents—like income proof, credit score, job details, ID, address proof, bank statements, and more—play an important role in getting approved. Check the eligibility and documents required for personal loan.

*Terms and conditions apply.

Show More
Show Less

Features of personal loan in Kerala

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Kerala. All it takes is just your phone number and OTP.

  • Minimal documentation

    Applying for a Bajaj Finance Personal Loan is quick and easy, with only a few documents needed. Just submit your income proof, address proof, and KYC documents. We keep the documentation simple to save you time. You can check the full list of required documents for more details.

  • Flexibility in usage

    Our personal loan provide flexibility to use funds for weddings, home improvement, education, or unexpected expenses.

  • Quick loan approval

    Apply online to receive quick approval on your personal loan in Kerala within a few minutes.

  • No collateral

    Our unsecured personal loans remove the requirement for borrowers to offer collateral such as property or assets. This guarantees accessibility to a wider range of individuals seeking financial assistance.

  • Convenient tenure

    You have the flexibility to choose a repayment term that ranges up to 96 months, based on your monthly budget. This way you can ensure that the monthly payments remain within a manageable range.

  • No hidden charges

    Bajaj Finance maintains 100% transparency and does not levy any hidden charges on personal loans. Read the terms and conditions to know more.

Read more about the features of a personal loan from Bajaj Finance Limited.

If you need extra funds in Kerala, you can check out a personal loan from Bajaj Finserv. Use it for anything—from a wedding or your child’s education to medical bills, travel, or home renovation. Check your eligibility for personal loan using just mobile number and OTP.

You can apply online or visit the nearest branch. No collateral is needed, and you can choose a flexible repayment period that suits your budget.

How to apply for a personal loan in Kerala?

Follow the steps below to apply for a personal loan in Kerala:

  • Click on 'Check Eligibility' on this page
  • Provide your 10-digit mobile number and OTP for verification.
  • Complete the application form with your essential information.
  • Click 'PROCEED' to navigate to the loan options page.
  • Specify your required loan amount and choose from our three personal loan types: Term, Flexi Term, and Flexi Hybrid Term.
  • Choose the repayment tenure.
  • Complete your KYC and submit your loan application.

Our representative will connect with you for next steps.

*Terms and conditions apply.

Show More
Show Less

Eligibility criteria and documents for personal loan in Kerala

You can easily get the funds you need in Kerala with the below criteria:

  • Eligibility criteria

    • Nationality: Indian
    • Age: 21 years to 80 years**.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 685 or higher.
    • Customer profile: Self-employed or Salaried

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

  • Documents required

    • 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

Know more about the interest rates and associate charges.

Show More
Show less

Fees and Charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 31% p.a.

Processing fees

 Up to 3.93% (Inclusive of applicable taxes) of the loan amount.
Flexi Facility Charge

Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi facility charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Principal Holiday Facility Fees

 

  • Up to Rs.1999/- for loan amount less than Rs.2,00,000
  • Up to Rs.3999/- for loan amount from Rs. 200000 to Rs.399999
  • Up to Rs.5999/- for loan amount from Rs. 400000 to Rs.599999
  • Up to Rs.7,999/- for loan amount from Rs. 600000 to Rs.999999
  • Up to Rs.8,999/- for loan amount from Rs.10,00,000 to Rs. 1499999
  • Up to Rs. 9999/- for loan amount from Rs. 15,00,000 to Rs.19,99999
  • Up to Rs.10,999/- for loan amount from RS. 20,00,000 to RS.2499999
  • Up to Rs.11,999/- for loan amount from RS.25,00,000 to RS. 29,99999
  • Up to Rs. 12,999/- for loan amount of Rs.30,00,000 and above

 

Above charges are inclusive of applicable taxes & will be deducted upfront from loan amount

*(Loan amount includes approved loan amount, Insurance Premium & VAS Charges)

Bounce charges

Up to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) Dishonor of any payment instrument; or (ii) Non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Pre-payment charges

Full Pre-payment:

Foreclosure can be processed post clearance of first EMIs.

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.

  • Flexi Term Loan (Flexi Dropline): Up 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) of the Dropline limit as per the repayment schedule as on the date of full prepayment.


Part Pre-payment:

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

 Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges

Flexi Hybrid Term Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit during Initial Tenure. Up to 0.295% (Inclusive of applicable taxes) of Dropline limit during Subsequent Tenure


Note: Additional cess if any, will be applicable to all charges according to state law.

Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 24 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Compare loan variants

What are the uses of Personal Loan

  • Flexi Hybrid Term Loan
  • Flexi Term Loan
  • Term Loan

Instalment

Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount

Tenure

Initial tenure: 24 months, Subsequent tenure: Up to 72 months

Annual maintenance charges

Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure

Part-prepayment facility

No part-prepayment charges

Flexi facility charges

Nominal Flexi facility charges applicable

Loan amount

Rs. 40,000 to Rs. 55 lakh

Disbursal

Withdraw and prepay conveniently from your sanctioned loan limit

Instalment

Fixed EMIs that cover both the principal and interest on the withdrawn amount

Tenure

12 months to 96 months

Annual maintenance charges

Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges

Part-prepayment facility

No part-prepayment charges

Flexi facility charges

Nominal Flexi facility charges applicable

Loan amount

Rs. 40,000 to Rs. 55 lakh

Disbursal

Withdraw and prepay conveniently from your sanctioned loan limit

Instalment

Fixed EMIs that cover both the principal and interest

Tenure

12 months to 96 months

Annual maintenance charges

Not applicable

Part-prepayment facility

Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.

Flexi facility charges

No Flexi facility charges.

Loan amount

Rs. 40,000 to Rs. 55 lakh

Disbursal

Single disbursement of the loan amount
Store_locator_10June25_App.png

Frequently asked questions

Overview

Application

Repayment

Eligibility

Fees and charges

What are the uses of personal loan in Pithampur?

You can take a Bajaj Finserv Personal Loan for several uses, such as:

How long does it take to get a personal loan in Kerala?

With a Bajaj Finserv Personal Loan, you can get the funds within 24 hours* of approval. Check your offer in just 2 steps and apply online to get our loan.

*Terms and conditions apply.

Which bank gives personal loans easily in Kerala?

Personal loan eligibility differs from lender to lender. While many banks and NBFCs, including Bajaj Finance, offer quick loans, approval depends on factors like income, credit score, and employment status. Choosing a lender with a simple application process can speed up approval.

How long does it take to get approved for a personal loan?

With Bajaj Finance Limited, you can expect instant approval on your personal loan application.

How can you calculate your EMI?

You can use our personal loan EMI calculator to find out your monthly instalment amount. You only need to enter the loan amount, interest rate, and the tenure to get an estimate of the EMI.

How can I repay my personal loan?

You can repay your personal loan in the form of EMIs (equated monthly instalments). Here, a fixed amount is automatically deducted from your bank account every month. You can set up a NACH mandate with your bank to pay the EMIs.

What is the tenure for repaying a personal loan?

Personal loan repayment tenures range from 12 months to 96 months, depending on the lender. Choosing a longer tenure reduces EMI amounts, while a shorter tenure helps repay the loan faster with lower interest costs.

Can I prepay or foreclose my personal loan?

Yes, most lenders allow prepayment or foreclosure of personal loans. However, some may charge a nominal fee.

What are the eligibility criteria for a personal loan?

Check your eligibility for our personal loan with just your mobile number and OTP. To get a quick personal loan, you only need to meet a few basic personal loan eligibility criteria:

  • You must be between 21 years and 80 years* of age
  • You must be a salaried individual employed with an MNC, public or private company
  • You must be a residing citizen of India
  • If you meet the salary requirement based on your city of residence, you can qualify for the loan.

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

*Terms and conditions apply

What documents are required to apply for a personal loan in Kerala?

The required documents include proof of identity, address, income and bank statements, and more. Check eligibility and documents for personal loan before applying.

How is personal loan interest calculated?

Lenders provide an interest rate when you opt for a personal loan. The personal loan interest rate depends on several factors including CIBIL Score, income, debt-to-income ratio, employment stability etc. Once you know the interest rate, you can use the interest calculator to know your EMI outflow.

What is the interest rate for personal loans in Kerala?

Personal loan interest rates in Kerala typically start from 10% p.a.*. It’s advisable to compare rates from different lenders before applying.

Show More Show Less

Related articles

personal-loan-for-debt-consolidation-eligibility-norms-explained 1

Are you eligible for a Personal Loan for debt consolidation?

May 25, 2021

Read more

 5-reasons-to-apply-for-a-personal-loan-from-bajaj-finserv 2

5 Reasons to apply for a Personal Loan from Bajaj Finserv

May 25, 2021

Read more

 e-aadhaar-card-all-you-wanted-to-know 3

E-Aadhaar card: Everything you need to know

May 25, 2021

Read more

 personal-loan-to-pay-home-loan-downpayment 4

Can you use a Personal Loan to make a down payment on a house?

May 25, 2021

Read more

You are here

Related links

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.