Personal Loan EMI Calculator
Kottayam, located in central Kerala, serves as Kottayam district’s administrative capital. Bordered by the Western Ghats in the east and Vembanad Lake and Kuttanad’s paddy fields in the west, it is a unique landmass with panoramic highlands, backwaters, hills, lush meadows and rubber plantations. Moreover, it is a vital trading centre for commercial crops like rubber and spices. Owing to its massive contribution to literature and print media, Kottayam is also named Akshara Nagari, meaning the ‘city of letters’. It is the first Indian town to have achieved a literacy rate of 100%, and the first college in Kerala, the CMS College, also started in Kottayam.
Serving as the gateway to several pilgrim centres like Sabarimala, Manarcaud, Mannanam, Bharananganam, Vaikom, Erumeli, and Ettumanoor, Kottayam is also home to several attractions like Thirunakkara Mahadeva Temple, Illikkal Kallu, Vaikom Mahadeva Temple, Elaveezhapoonchira, and Marmala Waterfall. Are you falling short of funds for any planned or unplanned expenses and need a Personal Loan in Kottayam? Apply for one at Hero FinCorp and get the best loan plan suitable to your loan requirement and repayment capacity.
Personal Loan finance in Kottayam is the best funding option for various needs. Look at their features and benefits before applying for one:
At Hero FinCorp, you can apply for a Personal Loan of up to Rs 5 Lakh. The best thing is that we do not impose end-use restrictions on our borrowers. Once you obtain our instant cash loan Loan in Kottayam, you can use it for any purpose.
We are known to offer the most attractive Personal Loan interest rate in Kottayam that does not increase your loan cost unreasonably. We determine your interest rate based on your eligibility, credibility, and credit history and send you a suitable loan offer.
When we say our unsecured Personal Loans, we really mean it! We do not demand any kind of collateral, security, or guarantor from our loan applicants, keeping our Personal Loans 100% collateral-free.
Are you worried about repayment after obtaining a Personal Loan in Kottayam? You can keep the EMIs easily manageable thanks to the flexible repayment terms at Hero FinCorp. Using an EMI calculator for personal loan, you can choose a loan term of up to 60 months according to your affordability.
We are one of the best Personal Loan providers in Kottayam, known to offer instant approvals and quick disbursals directly into your bank accounts. Simply fill out our online application form and submit the documents online to complete the process and get instant approval.
While determining your eligibility, we want to ensure you have a decent income and low financial obligations so you can repay your EMIs on time. For that purpose, we set a few eligibility conditions you must meet to qualify for a Personal Loan in Kottayam. Take a look at the personal loan eligibility conditions at Hero FinCorp:
| Criteria | Requirement |
|---|---|
| Age | You must be between 21 and 58 years to apply for a Personal Loan at Hero FinCorp. |
| Citizenship | At Hero FinCorp, we sanction Personal Loan applications for Indian citizens only. |
| Work Experience | If you are a self-employed professional, you should have a work experience of at least two years to apply for a Personal Loan. Salaried employees need a work experience of at least six months for loan application. |
| Monthly Income | We expect you to earn at least Rs 15,000 per month to apply for a Personal Loan at Hero FinCorp. |
If you fulfil our eligibility conditions, you must prove your details with a few necessary documents. Although we have minimal documentation requirements for personal loans, you must provide identity, residence, and income proofs to support your claims. However, since salaried and self-employed individuals have different income sources and frequencies, we demand different documents from them. Go through these requirements to prepare your documents accordingly:
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Since the personal loan interest rate in Kottayam can significantly affect your monthly budget and EMI affordability, it’s essential to know which factors we consider to determine yours. These include the following:
| 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 |
Applying for a instant personal loan online at Hero FinCorp is a 100% digital and straightforward process. Follow these steps from the comfort of your home to apply for a Personal Loan in Kottayam:
Go to our website’s Personal Loan page and click ‘Apply Now’.
Fill out the online application process and verify your mobile number.
Provide crucial details regarding your identity, residence, employment, work experience, income, finances, etc.
Upload scanned copies of the necessary documents, including your identity, address, and income proof.
Wait for the verification process to complete until you receive a loan offer.
Review and accept the loan offer to initiate the disbursal process and get the required funds in your account.
