Kerala, located in southwestern India, is known for its lush landscapes, backwaters, and cultural diversity. With high literacy rates and human development indices, it has a robust healthcare and education system. The state is also renowned for its traditional arts, cuisine, and vibrant festivals, making it a popular tourist destination.
Personal loan in Kerala
Obtaining a personal loan in Kerala involves approaching banks, financial institutions, or online lenders. Eligibility criteria include income, credit history, and employment status. Required documents typically include proof of identity, address, income, and bank statements. Interest rates and terms vary, so compare options to find the best personal loan in Kerala.
Features and benefits of personal loan in Kerala
A personal loan from Bajaj Finance Limited in Kerala comes with a host of features and benefits tailored to meet diverse financial needs. Continue reading to explore these advantages:
Minimal documentation
Our straightforward personal loan application streamlines the documentation process, making borrowing easier and more time-efficient. While necessary documents such as income proof, address proof, and KYC are compulsory, we ensure the requirements are kept to a minimum. Refer to the complete list of necessary documents for further details.
Flexibility in usage
Our personal loans provide versatility, enabling borrowers to utilise funds for weddings, home improvement, education, or unexpected expenses, all customised to meet their specific needs.
Swift approval
Bajaj Finance Personal Loans feature a streamlined application process, ensuring borrowers swift access to funds of up to Rs. 40 lakh within a day of approval. This aspect is particularly advantageous in emergencies or situations requiring immediate financial aid.
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 tenures
Our borrowers have the flexibility to choose a repayment term that ranges from 12 months to 96 months, adapting to their monthly budget and capabilities, this feature ensures convenience by ensuring that the individual borrower's monthly payments remain within a manageable range.
Read more about the features of a personal loan from Bajaj Finance Limited.
Eligibility criteria of a personal loan in Kerala
Once you meet the eligibility criteria mentioned below, you can apply for our personal loan in Kerala
- Nationality: India
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Monthly salary: Starting Rs. 25,001, based on the city you live in.
*You should be 80 years* or younger, at the end of the loan tenure.
Read more about the eligibility criteria and documents required for a personal loan.
How to apply for a personal loan in Kerala?
Follow the steps below to apply for a personal loan in Kerala:
- Go to the personal loan section on our website and select 'APPLY.'
- 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.
- 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 loan application.
Our personal loans stand out with large loan amounts, competitive interest rates, flexible repayment options, and quick approvals. Use the personal loan EMI calculator to arrive at the right loan amount you can borrow as per your repayment capacity. Our minimal documentation requirement ensures swift fund disbursal. Bajaj Finance Limited goes further, offering tailored repayment plans for diverse financial needs, establishing itself as a reliable choice for hassle-free and personalised financial solutions.
