Personal Loan in Kollam

Personal Loan in Kollam

Check your eligibility for personal loan in Kollam with your phone and OTP - no branch visit needed.
FAQs

FAQs

Rs. 40,000 - Rs. 55 lakh

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

Check now

Enter mobile and OTP | Check offer | No branch visit needed

Bajaj Finserv in your city

  • Need urgent funds in Kollam for a wedding, medical emergency, education, or home renovation? A Bajaj Finserv Personal Loan gives you access to quick financing up to Rs. 55 lakh, with minimal documents and 100% digital approval. Whether you're salaried or self-employed, you can apply online and get the money in your account within 24 hours* of approval.
     

    ✅ Only 2 steps to get started – Check your offer with mobile number and OTP → Apply online in just 5 minutes

Located along Kerala’s scenic coastline, Kollam is a thriving trade and tourism hub, known for its cashew processing industry, historical significance, and growing infrastructure. With rising living standards, many residents turn to personal loans to manage big-ticket expenses—be it travel, education, or family celebrations. A digital-first loan in Kollam saves you time and effort while offering financial flexibility.


*Terms and conditions apply

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Features and benefits of personal loan in Kollam

  • Money in bank in 24 hours

    Receive the approved loan amount in your account within 24 hours*.

  • No collateral needed

    You need not pledge any asset as collateral against the loan. Simply meet the personal loan eligibility criteria.

  • High loan amount

    Avail of high-value personal loan ranging from Rs. 40,000 to Rs. 55 lakh.

  • Transparent policy

    We impose no hidden charges and have transparent terms and conditions.

  • Tenure up to 96 months

    You can spread your repayment from 12 months to 96 months, which means manageable EMIs right from the start.

  • Minimal documents

    Provide only a few basic personal loan documents required for a personal loan in Kollam. 

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Kollam with just your phone number and OTP – no need to visit the branch.

  • Quick loan approval

    Enjoy instant approval by applying through an online form and fulfilling all the criteria.

  • Online account management

    Manage the loan account 24x7 and make payments conveniently through our online account management facility – My Account.

Situated about 70 km from Kerala’s capital of Thiruvananthapuram, Kollam was a flourishing trade hub in ancient India and even found mention in the accounts of several foreign travellers, including the medieval scholar Ibn Battuta.


Kollam continues to be an important port city and is one of the largest cashew exporters in India. Its marine industry is another important economic driver.

The city has grown rapidly in recent years, and with the rising cost of living, a Bajaj Finserv Personal Loan can help you meet your growing financial needs. Whether for home improvement, higher education, debt consolidation, or to fund a wedding, choose Bajaj Finance for an affordable personal loan in Kollam. There is no need to worry about risks as no collateral or guarantor is required against the credit.


*Conditions apply

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Eligibility criteria and documents for personal loan in Kollam

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

  • Eligibility criteria

    • Nationality: Indian
    • Age: 21 years to 80 years.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 650 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

Check your eligibility for personal loan using just mobile number and OTP – 100% online process. 

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How to apply for personal loan in Kollam

  • Step-by-step guide to apply for a personal loan

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

Our representative will contact you for further steps.


Read about the personal loan interest rates as well as the fees and charges associated with your loan.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) 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 36 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.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 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.

Part-prepayment charges

Full Pre-payment:

  • 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 (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, 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 (Dropline) Loan 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 (Dropline) Loan:

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 0.472% (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

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000