Personal Loans in Thiruvananthapuram

  • Bajaj Finance
  • ICICI Bank
  • TATA Capital
  • INDUSIND Bank
  • FULLERTON
  • IDFC
Reviews (5)

Why apply through CreditMantri

Quick and easy approval for Personal Loans in Thiruvananthapuram CreditMantri matches your credit and demographic profile to lender's Personal Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you Personal Loans in Thiruvananthapuram, based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Personal Loan in Thiruvananthapuram Hence the chances of your Personal Loan application getting approved is higher. We even try our best to help people with low CIBIL Score, get a Personal Loan in Thiruvananthapuram.

max tenure

5 yrs

processing fee

0.5%*

best rate

12.99%*

  • Maximum loan - 20 lakhs
  • Attractive Interest Rates
  • Quick and easy approval process
  • Balance transfer on existing personal loan
  • Interest rate - 12.99% to 23%
  • Processing fee - 0.50% to 2.50% of loan amount
  • KYC – ID proof, DOB Proof, Signature proof & Address proof
  • Bank Statements
  • Residence stability proof
  • Employment stability proof
  • Latest 3 month salary slips / Form-16 / Appointment letter

max tenure

5 yrs

processing fee

2.25%

best rate

14.75%

  • Maximum loan - 25 lakhs
  • 5-minute online personal loan approval and cash in bank in 72 hours
  • Interest rate - 12% to 15%
  • Processing fee - 2.25% to 3% of loan amount
  • Per bounced cheque - 1000/- and 2% penal interest per month
  • Secure fee - 999/- for instant approval online
  • Online application, Employee ID card
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport, Driver's license, Ration card, Mobile bill, Letter from employer
  • Signature proof (any one) - Passport, PAN, Driver's license, Photo credit card, Letter from bank verifying signature
  • Work experience documents - Appointment letter, Form 16, 1 yr old salary slip, same for previous employment

max tenure

5 yrs*

processing fee

999₹*

best rate

11.49%*

  • Maximum loan - 20 lakhs (salaried)
  • Maximum loan - 30 lakhs (self employed)
  • Fixed interest rate
  • Direct credit of the loan amount through Fund Transfer (FT)
  • Simple repayment options such as ECS, AD or PDC
  • Interest rate - 13% to 18%
  • Processing fee - Up to 2.5% of loan amount
  • Application form with 2 photographs , Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

max tenure

5 yrs*

processing fee

1500₹*

best rate

13.99%*

  • Maximum loan - 15 lakhs
  • Flexi EMIs with Higher Loan Eligibility
  • Minimum Documentation and Verification
  • Quick processing
  • Security or Guarantors not Required
  • Interest rate - 14.5% to 18%
  • Processing fee - 1% to 2% of loan amount
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID, Aadhar
  • Address proof (any one) - Passport, Driver's license, Voter ID, Ration card, Electricity bill, Rent agreement
  • Residence stability proof
  • Employment stability proof
  • Latest 3 month salary slips / Form-16 / Appointment letter

max tenure

4 yrs

processing fee

2%

best rate

17.25% *

  • Personal Loan up to 20 lacs.
  • Easy Repayment over 12 to 48 months.
  • Quick and easy approval process
  • Balance transfer of an existing Personal loan
  • Interest Rate: 17.25% onwards
  • Processing Fee: 2% onwards
  • Application form with a recent photograph
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Age proof - PAN Card, Passport, any other certificate from a statutory authority
  • Bank Statements (Bank statement / Bank Passbook for last 6 months) OR Last 3 months’ salary slip
  • Form 16
  • Income Tax Returns for last 3 years
  • Processing fee cheque
  • Previous 2 years’ experience letter without any gap (if current work experience < 1 year)

max tenure

5 yrs

processing fee

2%

best rate

15%

  • Ability to save on interest
  • Quick and transparent processing
  • Customized loan as per your requirement
  • Simpler documentation
  • Interest Rate – 15%
  • Processing Fees - 2%
  • PAN Card
  • Address Proof -Any one of Aadhaar/Driving licence/Passport/Voter ID/NREGA Card
  • Age Proof
  • Last 3 months’ salary slips
  • Last 6 months’ bank statement

Personal Loan in Thiruvananthapuram

Do you live in Thiruvananthapuram? Are you looking for a personal loan in Thiruvananthapuram and wondering what your options are? Read on!

Personal Loans in Thiruvananthapuram

What is a personal loan?

A personal loan can come in handy in times of need—it is one of the easiest loans to avail because there is relatively little documentation required, unlike a home or business loan. Also, you do not need to offer any collateral or guarantor to avail the loan.

The end use of the loan could be anything making it a flexible, all-purpose loan. You could use it to service your existing loan obligations, or fund your dream vacation, purchase consumer durables, or use it as running capital for your business. A personal loan also comes in handy during emergency situations, like medical emergency or a sudden job loss. Whatever the need be, make sure that you are aware of the monthly EMI obligations so that you have your finances planned seamlessly.

Key features of a Personal Loan:

  • Easy documentation and speedy approvals
  • Quick Processing and disbursals
  • Flexible tenure up to 5 years making repayment easier
  • Interest Rate starting at 12% p.a.—depending on your credit history and other factors
  • Over-the-Counter loans available with leading banks, subject to certain conditions
  • Facility to apply online with most lenders
  • Special offers for existing customers like a reduced interest rate, etc.

Disadvantages of a personal loan:

Personal loans are one of the costliest loans in the market with soaring interest rates, since they are unsecured by any collateral or security. The interest on a personal loan could go up to as high as 32% p.a. or even more, depending on your individual credit profile and other factors.

Personal Loans in Thiruvananthapuram—Availability

All major banks and NBFCs offer personal loans in Thiruvananthapuram. Popular banks and NBFC’s that offer personal loans in Thiruvananthapuram include: Federal Bank, ICICI Bank, Kotak Mahindra Bank, SBI, Punjab & Sind Bank, Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Fullerton, Shriram Finance, Citibank, IDBI Bank, Central Bank of India, Canara Bank, Mahindra Finance, Bajaj Finance, etc.

Personal loans in Thiruvananthapuram for salaried, self-employed, business people and NRIs are available.

Personal Loan for CIBIL Defaulters in Thiruvananthapuram

A good CIBIL score is a pre-requisite for availing any kind of loan. If you are a CIBIL defaulter, it can get very difficult get any new credit, let alone a personal loan.

You could perhaps approach a private personal loan provider in Thiruvananthapuram that offer special loans for defaulters. It will be usually given at high interest rates, since the lender would want a safeguard against default.

Is it possible to get a personal loan in Thiruvananthapuram with bad credit?

It is not entirely impossible to avail a personal loan with bad credit—it depends on the severity of your credit situation, and the relationship you share with your lender.

The pre-requisite to getting a personal loan without any hassles is having a healthy credit history and a solid credit score. Your relationship with the lender is also considered while sanctioning the loan. You may be eligible for pre-approved offers with your current bank/lender.

Eligibility for Personal Loan in Thiruvananthapuram

  • Age criteria: The applicant should be between 21 years to 65 years (at the time of maturity of the loan).
  • Salaried, self-employed, and business professionals are eligible to apply. If you are not a regular wage earner, talk to your bank manager about your situation.
  • Minimum salary for salaried people is typically Rs. 15,000 though the salary requirement depends on what tier of city you live in and the company you work for.
  • Should be staying in the same address / city for at least 1 year
  • Total work experience should be at least 2 years
  • Should have a stable employment history.

You can check your eligibility for a personal loan in Thiruvananthapuram online, on the lender’s website.

Documents Required for Personal Loans in Thiruvananthapuram

For salaried / self-employed professionals:

Following are an overview of the documents generally asked while applying for a personal loan in Thiruvananthapuram:

  • Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
  • Valid Address Proof – Lease/Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
  • Income Proof Documents – Last 6 months salary slip and latest Form 16
  • Bank Statements: Past 6 months bank statement with salary credit
  • Continuity of employment proof, like offer letter, relieving letter, etc.

For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.

  • Degree Certificate / educational documents for self-employed professionals.
  • Proof of business existence
  • Last 3 years Income Tax returns (self and business)
  • Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
  • Any other documents as directed by the Bank or NBFC

Personal Loan in Thiruvananthapuram With Low Interest

Lenders usually offer a low interest rate to those who have a good credit history. It is generally advisable to have a credit score of 750 or above to qualify for a personal loan in Thiruvananthapuram with low interest rates.

The higher your score, the better are your chances of being approved. A customer with a good credit score has a good chance of availing more attractive terms and conditions, like a reduced interest rate amongst other favorable terms and conditions.

Personal Loan in Thiruvananthapuram FAQS

How do I check my eligibility for a personal loan?

Many banks and NBFCs have an online eligibility calculator on their website, using which you can determine if you fulfill their criteria or not.

What is the interest rate offered on a personal loan?

The interest rate varies with each customer depending on his/her income, credit score and repayment history amongst several other factors.

What is the minimum and maximum loan amount for salaried people?

Based on your actual requirement, repayment capacity, and existing loan obligations, lenders can approve loan amount ranging from a few thousands to lakhs of rupees.

My personal loan application is rejected even though my credit score is good. Why?

While applying for a personal loan, you must apply for a sum that is possible for you to repay within a reasonable tenure. If you apply for too large an amount as compared to your current net monthly income, you might be rejected.

Do I have to pledge any collateral in order to secure a personal loan?

No collateral or security is required for obtaining a personal loan in Thiruvananthapuram.

How do I repay the loan?

You can repay the loan amount in convenient EMI (Equated Monthly Instalments) which is the monthly amount you need to pay your lender towards servicing your personal loan—interest included.

How to apply for Personal loan in Thiruvananthapuram:

There are several ways to apply for a personal loan:

  • You can apply directly online at the bank / NBFC's website
  • You can go in person to your nearest branch and apply with the required documentation

Need help? Alternatively, if you think you need help with your personal loan application and advice on loan eligibility, then CreditMantri can guide you through the entire process and match you with the loan offer that best suits your unique credit profile.

Customer Reviews

"Quick approval CreditMantri helps the customer during the entire loan process. This site is basically for loan or card seekers. They give lot of help during the application process and give all details on how to apply and documents needed, till the time we get a credit card or loan. I had applied for a Bajaj Personal loan. They are taking very less time for completing the entire procedure about loans. Must say that I got it without any hassles. Really quick disbursal of my loan amount which was 5 lakhs, with very minimal documents required. I had an issue with my credit rating, which thankfully did not affect my application. Thank you CreditMantri. "

"Fully satisfied Got to know about CreditMantri from Facebook! Happiest discovery I made. I was looking for personal loan offers, and obviously I want the low interest rate. I have got the maximum support from CreditMantri and I am happy with that. Through them, got an ICICI personal loan. They provided me with a host of offers. I honestly can’t point out any negatives in their service, as my experience has been smooth till now. No complaints, fully satisfied."

"Helpful service CreditMantri helps with the customer application to the concerned bank or NBFC, and also provide credit improvement services. Till date, I am not facing any kind of drawbacks while using their services. Got my application processed within a short while and the loan amount in my bank account speedily. I got to know about this website from my friend who also uses its services. The website is very convenient for accessing and getting details about all the loans and offers from different lenders, all in one place. "

"Best place for comparing loan offers I came across CreditMantri during my search for a personal loan. This website provided me all the info I wanted. It is easy to search for loan offer on their CreditMantri than in any other. I would say that the level of service offered by CreditMantri is the best. Got a very good interest rate on a personal loan from IndusInd. For me, they took around two weeks to process and to put the money in my bank account. I had some issues with my documents, but CreditMantri helped me to clear it no time. Keep up the good work!"

"Response plays a significant role when it comes to any business. CreditMantri scores on top in this regard! Service is immediate, and they provide superb guidance. I remember I asked a lot of questions to the customer executive during my first interaction and was perfectly guided on my loan requirement. I am using the site for first time, and I am surprised by their promptness in handling clueless customers. Just a teeny drawback is the Personal loan EMI calculator on their website, which I found to be a bit slow. Apart from this, what more to expect, when you get a personal loan at an excellent interest rate? Bliss."