Welcome to , your premier source for the best personal loan in the state of Kerala and surrounding areas. Our goal is to provide Instant Personal Loan in Kerala our clients with the most competitive rates and outstanding customer service for all of their personal needs.
Whether you are looking for a instant personal loan, or just searching for the best personal loans providers, we have you covered.
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We are committed to providing our clients with the best personal loans in the industry, and our team of experienced loan officers is here to help you every step of the way.
At cochin finance service, we understand that obtaining a personal loan can be a confusing and overwhelming process. That’s why we are dedicated to making the process as simple and stress-free as possible. Our loan officers are knowledgeable and friendly, and will work with you to find the best personal loan for your specific needs.
Our competitive interest rates and flexible repayment terms ensure that you can find a personal loan that meets your unique financial needs.
Our loan officers are available to answer any questions you may have and help you find the best personal loans providers for your needs. We look forward to helping you achieve your financial goals.
We understand that managing your finances can sometimes be challenging. That’s why we offer a Personal Loan EMI Calculator to help you plan your loan repayments with ease. Our user-friendly calculator provides you with accurate and instant results, allowing you to make informed decisions about your personal loan.
How does our Personal Loan EMI Calculator work?
Our Personal Loan EMI Calculator uses a simple formula to calculate your monthly EMI (Equated Monthly Instalment) based on your loan amount, interest rate, and loan tenure. Here’s how it works:
Loan Amount: This is the total amount you wish to borrow as a personal loan from Cochin Financial Services.
Interest Rate: This is the rate at which interest is charged on your personal loan, expressed as a percentage per annum.
Loan Tenure: This is the duration for which you wish to take the personal loan, usually in months or years.
Once you input these details into our Personal Loan EMI Calculator, it automatically calculates your monthly EMI amount, which includes both the principal amount and the interest. This helps you understand the monthly installment you will need to pay towards your personal loan.
Why use our Personal Loan EMI Calculator?
Our Personal Loan EMI Calculator offers several benefits, including:
Using our Personal Loan EMI Calculator is simple and hassle-free. Just visit our website and locate the calculator under the Personal Loan section. Input your loan amount, interest rate, and loan tenure, and let our calculator do the rest. It’s that easy!
At Cochin Financial Services, we are committed to providing you with transparent and convenient financial solutions. Our Personal Loan EMI Calculator is just one of the many tools we offer to help you achieve your financial goals. Contact us today to learn more about our personal loan options and how our calculator can assist you in planning your loan repayments effectively.
All loans are not created equal, Loans has become a great option for people to use.
Main factors that determine eligibility for personal loan are
| Profession | Salaried persons working in government, private or MNC companies and self employed professionals like Doctors, CA, CS, Architects |
| Eligible Age | 21 years to 60 years |
| Minimum Income for Loan Eligibility | Rs. 25,000 per month for salaried; Rs. 5 Lakh gross annual receipts for professionals |
| Work Experience Required | 3 years and above |
| Experience in Current Company | Varies from 1 month to 1 year |
| Minimum CIBIL Score | 650 |
| Maximum EMI as percent of Income | 65% |
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc.
The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.
The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income.
You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.
The longer the tenure of the loan, the lesser will be your monthly EMI outflow. Shorter tenures mean greater EMI burden, but your loan is repaid faster. If you have a short-term cash flow mismatch, your bank may increase the tenure of the loan, and your EMI burden comes down. But longer tenures mean payment of larger interest towards the loan and make it more expensive.
Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding.
Prepayment penalty may vary according to the reasons and source of funds – if you obtain a loan from another bank for pre-payment the charges are usually higher than when you pay from your own sources. However, you may credit more than your EMI amount into your loan account on a periodic basis and bring down your interest burden as and when funds are available with you.
Most banks do not charge a pre-payment penalty if you deposit more than your EMI payable on a periodic basis. Please check such stipulations while availing the loan. cfc is the No1 business loan in Kerala | Kochi.
Now apply for a Loan online, All you need to do is provide your details below application form.