Personal Loan in Kerala – How to Get in 1 Hour?

Have you ever heard about a personal loan? Or the concept of such loans has intrigued you enough, and you wish to borrow this loan? Or you are looking forward to borrowing a personal loan and wish to know all the details about the same? If your answer to these questions is yes, then this article is just for you. This is the ultimate guide for our readers looking for a personal loan in Kerala. 

Like most other loans, a personal loan is offered at an interest rate and needs to be repaid within a stipulated time period. But unlike other types of loans, a personal loan is unsecured debt, which means this loan is offered without pledging collateral. You will also not need to present a guarantor or mention the reason for borrowing a personal loan. Generally, the interest rate for this type of loan is low, and the repayment period is short. You can apply for a personal loan online as well and get your loan application approved instantly. So if you are looking for an urgent cash loan in Kerala, you can count upon personal loans for the same. 

Kerala is India’s southernmost state with rich culture, tradition, and heritage. The state is also abundant in green covers and wildlife. Trivandrum, the capital city of Kerala, is a great hub for economic activity and businesses. If you are a Kerala reader, this article will help you find Kerala loan services in detail and understand personal loans better. 

Table Of Contents

In this article about instant loans in Kerala, you can read about the following:

  • What is Loaney?
  • Features and benefits of instant personal loan in Kerala
  • Eligibility criteria for an instant personal loan in Kerala
  • Documents required for an instant personal loan in Kerala
  • How to apply on Loaney?
  • Frequently asked questions about personal loans in Kerala

What Is Loaney?

One of the major benefits of an instant personal loan is that it can be applied for and availed online. These days, various online loan-providing platforms and websites offer personal loans to their clients. Various banks have also made this facility available online via their websites. If you are looking for the best personal loan in Kerala online, then Loaney is the option for you. 

One of the most reliable and trustworthy online platforms for personal loans, Loaney offers small cash loans of up to Rs. 15,000 to its clients. This loan is offered for a repayment period of up to 2 months. 

The interest rates at which Loaney offers personal loans are low. You will not need to submit collateral against the loan amount. The platform does not enquire about the reason for borrowing or ask for a guarantor. With a few easily available documents, you can apply for a personal loan online on loaney from the comfort of your home. Loaney is a suitable platform due to its features for a mini cash loan in Kerala. 

Features And Benefits Of An Instant Personal Loan In Kerala

A personal loan is a good option for when you are in need of cash or wish to meet the gap between the amount you need for payment and the amount you have. This option ensures instant cash provides you with the right documents and good credit history. There are various benefits of choosing a personal loan over other types of loans. You will not need much documentation for a personal loan in Trivandrum and will not have to pay a very high-interest rate. Let us take a look at some more features, benefits, and uses of a personal loan:

  • First and foremost, the eligibility criteria for applying for a personal loan are simple and easy to meet. You can easily qualify for this type of loan.
  • The repayment durations are shorter, and if you apply on Loaney, the platform will provide you with a pre-generated repayment plan for a hassle-free experience. 
  • Personal loans are offered for affordable interest rates.  
  • The paperwork that will be required for this loan is minimal. In the upcoming section, we will share a list of documents required for a low-interest personal loan in Kerala. 
  • If you are in need of urgent cash, a personal loan is the most beneficial option as it can be applied for and gets approved instantly. 
  • You will not be asked for the reason for borrowing a personal loan. For this reason, the amount you borrow as a personal loan can be used for multiple purposes like:

    -Paying bills or making large purchases
    -Paying for a medical emergency
    -Investing in a new business or expanding an existing business
    -Paying for a wedding
    -Funding your vacations
    -Buying a new vehicle
    -Renovating your home or buying a new home

Eligibility Criteria For An Instant Personal Loan In Kerala

Before you apply for a loan, you must always check the eligibility criteria to make sure that you qualify for that loan. For a mini cash loan in Kerala, you can check here the eligibility criteria. The following points need to be taken care of:

  • You must be an Indian citizen who is 18 years old or above.
  • You must have a bank account that has an internet banking facility
  • You must have a PAN Card and an Aadhar Card
  • Your Aadhar Card must be linked to your mobile number
  • You must have a minimum monthly income between 25,000 INR and 30,000 INR.
  • The source of your income must be verified and approved. 
  • You must have a decent CIBIL score and a good credit report. 

Once you have checked the eligibility criteria, you must check the list of documents that you will need for the loan and arrange for the same beforehand. In the next section, we will share a list of documents for getting an urgent cash loan in Kerala.

Documents Required For An Instant Personal Loan In Kerala

The following documents will be required for availing of a low-interest cash loan in Kerala on Loaney:

  • PAN Card that will serve as your address proof
  • Aadhar Card that is linked to your mobile number will be used as your ID proof.
  • A picture of you
  • Your bank account details. You must make sure that your bank account offers net banking services. 

How To Apply On Loaney?

Now that you have checked your eligibility and arranged your documents, the final step is to apply for the loan. For the best personal loan in Kerala, you must apply for the same on Loaney. By following these few easy steps, you can easily apply for an instant personal loan:

  • Visit the official Loaney website and register for a personal loan using your mobile number.
  • Fill out the application form for a personal loan with your basic personal details and provide your bank account details as required.
  • Upload the required documents and submit them along with the uploaded documents.
  • After this, the platform will review your application and verify your details. 
  • After review, your application will be approved, and the loan amount will be transferred to your bank account. 

Loaney offers the fastest loan approval and has many benefits and features out of all the Kerala loan services. You can trust the platform for the confidentiality of your data and be stress-free about any hidden charges and fees. 

Frequently Asked Questions About Personal Loans In Kerala

In this section, we have answered a few questions about personal loans in Kerala that will solve any doubts you might have regarding the same. 

1. How to get an instant personal loan in Trivandrum?

You can apply for a personal loan in Trivandrum using online platforms like Loaney and submitting a few documents. You can refer to the steps mentioned above. 

2. What is the interest rate of personal loans in Kerala?

The interest rates for a personal loan in Kerala range from 10.50% to 26.00 depending on the loan provider and the amount you borrow. 

3. How to get an instant personal loan in Kerala?

As mentioned in this article, you can easily get an instant personal loan in Kerala by applying on loaney and following a few easy steps.