High Loan Amount
Unlock substantial funds tailored to your needs, empowering you to pursue your dreams and achieve your goals with financial confidence.
Personal Loan in Kerala
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Personal Loan EMI Calculator
Get Personal Loan in Kerala Up to 5 Lakh
Experience financial freedom with our Personal Loan in Kerala. Whether you want to pursue higher education, pay medical bills, go on a vacation, or meet unexpected expenses, we're there for you. Enjoy significant loan amounts, instant approvals, quick disbursals, and personalised solutions tailored to your needs.
Kerala, known as "God's Own Country," is a popular state in India renowned for its natural beauty, rich cultural heritage, and tranquil backwaters. It is well-known for the serene backwaters of Alleppey, the breathtaking hill stations of Munnar and Wayanad, and the pristine beaches of Kovalam.
Kerala's economy thrives on diverse industries such as tourism, spices, seafood, coir, and IT. It is a major hub for Ayurvedic wellness centres and eco-tourism. It is also known for its progressive social indicators, high literacy rate, and sustainable development practices.
Kerala's vibrant festivals, like Onam and Thrissur Pooram, attract visitors from around the world. The state's wildlife sanctuaries, including Periyar and Silent Valley, offer incredible biodiversity. The peaceful coexistence of different religious communities and the emphasis on eco-tourism make Kerala a unique and enchanting destination for travellers.
Those needing a Personal Loan in Kerala can apply online and get quick approval and instant disbursal.
Features and Benefits of Personal Loan in Kerala
Get an easy Personal Loan in Kerala from Hero FinCorp, with large loan amounts, attractive interest rates, collateral-free options, flexible repayment tenure, and instant approval. Here are the key features.
Attractive Interest Rates
Benefit from competitive rates that ensure affordable monthly repayments and minimise the overall cost of borrowing.
Collateral-Free
Enjoy the convenience of securing a loan without pledging any collateral, simplifying the application process and expediting approval.
Flexible Repayment Tenure
Get a flexible repayment tenure for your loan and align it with your finances, allowing you to manage repayments comfortably and efficiently.
Instant Approval
You can get loan approval within 10 minutes when you apply through the Hero FinCorp loan app or website.
Eligibility Criteria for Instant Personal Loan in Kerala
To apply for a Personal Loan in Kerala through Hero FinCorp, you must meet the basic personal loan eligibility criteria listed below:
| Criteria | Requirement |
|---|---|
| Age | Your age should be between 21 and 58 years to apply for the loan. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | Salaried individuals need 6 months in their current job; self-employed applicants need 2 years of business experience. |
| Monthly Income | Your monthly income should be at least Rs 15,000. |
Documents Required to Apply for a Personal Loan in Kerala
Documentation is essential for verification and eligibility checks, but Hero FinCorp keeps it simple with minimal paperwork. It’s still important to understand the documents required for a personal loan application, which may vary slightly for salaried and self-employed applicants. Here are the details.
Documents Required For Salaried Employee
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements, and Form 16
Documents Required For Self Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Interest Rates and Charges on Personal Loans in Kerala
Planning to apply for a Personal Loan in Kerala but worried about the total loan cost? Understand the personal loan interest rate and other applicable charges in advance to stay financially prepared. These few essential costs ensure transparency throughout your borrowing journey.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply For a Personal Loan in Kerala?
Applying for an urgent cash loan in Kerala, such as a Personal Loan, is very simple. Here's how you can apply.
- 01
Visit the Hero FinCorp website or install the personal loan app
- 02
Go to the personal loan page and click ‘apply now’
- 03
Enter your mobile number and verify with the OTP received
- 04
Choose the loan amount you need
- 05
Verify your KYC details to check income eligibility
- 06
Click ‘Submit’ to complete your application
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Frequently Asked Questions (FAQs)
If you need quick access to a small loan, consider Hero FinCorp. With the help of our instant Personal Loan app available on the Google Play Store, you can easily obtain immediate approval and disbursement of funds. It is a convenient and paperless procedure to receive a small loan.
To get an easy loan in Kerala, consider applying with Hero FinCorp, a trusted Personal Loan provider known for its seamless application process and quick approvals.
The minimum salary requirement for a Personal Loan in Kerala may vary depending on the lender, but with Hero FinCorp you need to have a minimum monthly income of ₹15,000.
Hero FinCorp allows you to apply for a minimum loan amount of Rs 50,000 online. You can easily apply through the Hero FinCorp website or loan app.
At Hero FinCorp, you can get a minimum loan amount of Rs 50,00 and a maximum amount of Rs 5,00,000 online with approval in 10 minutes.
The loan repayment tenure varies from one lender to the other. At Hero FinCorp, Personal Loans in Kerala have a repayment tenure of 12 to 36 months.
Yes, Hero FinCorp offers many Personal Loan options in Kerala, like Personal Loan for travel and Personal Loan for education. Based on your need, you can choose a suitable option.
The interest rates depend on a lot of factors like your credit score and age. At Hero FinCorp, the Personal Loan interest rates in Kerala start from 1.58% per month or 19% per annum.
Yes, you can easily apply for a Personal Loan through the Hero FinCorp loan app. If you meet the eligibility criteria, you can get loan approval within 10 minutes.
No, you can apply for a Personal Loan in Kerala without a guarantor, collateral or security, as these are unsecured loans.