Trivandrum Personal Loans

Being considered as one of the 10 greenest cities of India Trivandrum is ranked as the best city in Kerela to live in. A profound academic hub of Kerela, Trivandrum is well known for the prominent institutes like Indian Space Research Organisation (ISRO) and Indian Institute Of Information Technology and Management. The city is also ranked as the best city for Housing.

Personal Loans is one such type of loan which doesn’t require any collateral from the borrower. Also, many financial institutions don’t require the individual to disclose the purpose for which the loan is taken. So right from your dream vacation, wedding to higher education, availing personal loans makes your dream possible. Loanstreet comes at customer’s service to avail personal loans in Trivandrum and get prompt approvals.

Eligibility criteria for Trivandrum Personal Loan
  1. Salaried Individual
    • Minimum Age of the applicant should be 25 years
    • Maximum Age of the applicant at the time of loan maturity should be 58 years.
    • The minimum employment period should be of two years with one year at the present organisation.
    • Minimum Income is a net salary of Rs 20000 per month
  2. Businessman/ Self Employed Individuals
    • Minimum Age of the applicant should be 25 years
    • Maximum Age of the applicant at the time of loan maturity should be 65 years.
    • Minimum Business period should be five years with minimum three years in current business.
    • The Minimum annual income should be Rs 3,00,000 net Profit as per latest IT Return
Documentation for Trivandrum Personal Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation subject to specific requirements. Self Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Passport Size Photo
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
  4. Appointment letter from the current employer
  5. For Professionals- Qualification Proof, Registration with Professional council etc.
  6. Identity Card and Business Card of the Current Employer
Self employed Individuals
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Trivandrum Personal Loan Interest Rates
Rate of Interest 11.99% to 24%
Loan Tenure 1 year to 5 years
Processing Fees 2% of the loan amount + applicable taxes
Foreclosure charges 2-4% of the Loan Outstanding + applicable taxes