Flexible Repayment Tenure
You can choose a repayment tenure of 12 to 36 months to repay your Personal Loan at Hero FinCorp.
Personal Loan In Kochi
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get a Personal Loan in Kochi Up to 5 Lakh
Commonly referred to as the "Queen of the Arabian Sea", Kochi is a port city located in Kerala that was previously visited by Chinese, European, and Arab traders. Its rich history continues to resonate in colonial buildings and the famous Chinese fishing nets that adorn its shores. While previously famous for spice trade, Kochi now prospers through industries like shipbuilding, transport, and construction. A blend of heritage and development, the city is inhabited by people who aim for career advancement or have businesses with highly ambitious objectives. However, unexpected financial requirements can arise anytime. Here, Hero FinCorp, a reliable Personal Loan lender in Kochi—provides instant loans of up to Rs 5 Lakh at reasonable interest rates. You can get instant sanction within 10 minutes with repayment periods of up to 36 months. The eligibility requirements are easy to meet. Even those with a minimum monthly income of only Rs 15,000 can apply for a Personal Loan.
Features and Benefits of Personal Loan in Kochi
Before applying, check out the key features and benefits of our Personal Loans in Kochi.
High Loan Amount
Get a Personal Loan from Rs 50,000 to Rs 5,00,000 online with minimal documentation and flexible terms.
Attractive Interest Rates
The Personal Loan interest rates at Hero FinCorp start from 1.58% per month or 19% per annum.
Collateral-Free
Our Personal Loans are unsecured, so you do not have to provide any security, guarantor or collateral.
Instant Approval
You can get approval in 10 minutes when you apply on the Hero FinCorp website or loan app.
Eligibility Criteria for Instant Personal Loan in Kochi
The personal loan eligibility criteria at Hero FinCorp is simple. Both salaried and self-employed individuals can easily meet them. Here are the key requirements
| Criteria | Requirement |
|---|---|
| Age | You should be between 21-58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried and 2 years for self-employed individuals. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly. |
List of Documents Required to Apply for a Personal Loan in Kochi
Documentation is essential for verification and eligibility checks. At Hero FinCorp, we keep the process simple with minimal paperwork. It’s still important to know which documents are required for a personal loan application. The list may vary slightly for salaried and self-employed applicants. Here are the details.
Required Documents for Salaried
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driver Licence, Passport, Aadhaar Card, Utility Bill
Required Documents for Self-Employed
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Interest Rates and Charges on Personal Loans in Kochi
Apart from the personal loan interest rate in Kochi, you must also know the additional charges that add to your loan cost. Hero FinCorp's charges are 100% transparent, so we won't surprise you with any hidden costs during the loan term. These are the applicable charges:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| 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 Kochi?
To apply for a Personal Loan in Kochi from Hero FinCorp, follow these steps:
- 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)
The highest loan amount offered by Hero FinCorp for a personal loan in Kochi is Rs 5,00,000.
The tenure repayment tenure for a Personal Loan in Kochi is up to 36 months. Applicants can use an EMI calculator to find the best term for their repaying capacity.
You can be a salaried or self-employed individual aged 21-58 years, earning at least Rs 15,000 per month with relevant work experience and a good credit score.
Income requirements can vary from one lender to the other. The minimum monthly income requirement is Rs 15,000 to apply for a Personal Loan with Hero FinCorp.
Of course, self-employed professionals or entrepreneurs can easily avail a Personal Loan if they meet the eligibility requirements and provide the income proof.