Personal Loan in Kochi

Kochi, the queen of the Arabian sea, boasts of one of the finest natural harbors in the world. Its pristine waters and mesmerizing scenes of nature are truly a sight to behold.

The serene backwaters of Kochi are lined with coconut trees and exotic birds from all over the world. Another added feather in its bonnet is that Moneyview, one of the leading money lenders in India, is available in Kochi as well.

Simply go to the website or the app, check your eligibility, and your loan amount, upload the required documents, and voila! you get your loan. It’s that simple.

Interest Rates and Other Charges for Personal Loans in Kochi

Interest rates and all other charges have been decided to keep in mind the comfort and financial growth of customers. Additionally, there are no hidden charges as well. Take a look at the fees and charges that have been put forth through Moneyview.

Fees & Charges	Amount
Interest Rate	Starts at 14% per annum
Loan Processing Charges	Starts at 2% and up to 8% of the approved loan amount
Loan Foreclosure	Part payments are not allowed Complete prepayment is allowed after 3 EMIs
Interest on Overdue EMIs	2% per month on the overdue EMI/Principal loan amount
Interest on EMIs that are overdue	2% per month on the EMI loan amount that is overdue
Cheque Bounce	Rs 500 for every cheque bounce
Loan Cancellation	Additional charges will not be levied apart from the interest for the period in between loan disbursement and loan cancellation /li> Processing fees will be retained

Eligibility Criteria for Personal Loans in Kochi

The biggest advantage of personal loans is the fact that it can be used for a variety of needs, especially emergencies. Keeping this in mind, the eligibility criteria for personal loans are uncomplicated. The table below provides the income and credit score eligibility criteria.

	Minimum Income (In-hand)	Minimum Credit Score Needed
Salaried Individuals	Rs.13, 500	CIBIL Score – 650 and above Experian Score – 750 and above

Additionally, applicants must be between the ages of 21 and 75 years and their income must be credited to their bank account.

Documents Required for Availing a Instant Personal Loan in Kochi through Moneyview

Moneyview does not believe in extensive and complicated documentation processes. The documents required are as follows:

ID Proof
An original identity proof that is government issued and clearly displays the date of birth is allowed. Certain examples are Aadhaar Card, Voter ID, Driver’s License (not expired) or PAN card.
Address Proof
An original document that has been issued by the Government of India that displays the current address of the applicant can be submitted. These include an Aadhaar card, Utility bills such as electricity, telephone, etc., Ration Card, Voter ID, Bank Statement, etc. Applicants must note that utility bills and bank statements are only accepted if they have been generated within the past 60 days.
Income Proof
For salaried individuals, the previous three months’ salary slips that showcase important details such as the name of the employer or the past three months’ bank statements in PDF format showing salary credits are valid.