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Personal loan in Calicut

If you are looking for a personal loan in Calicut, you have the option of availing the required funds through financial institutions like Finnable. But why would you need to opt for a personal loan?

Taking a personal loan is no longer considered taboo or risky. Instead, it is considered to be a boon for those who need immediate financial help. You can take a personal loan in Calicut to plan a wedding, travel, for further education, for home renovation, etc.

As these are personal loans, you do not need to pledge any collateral. You will only need your KYC and income proof at the time of application. Apart from this, Finnable does not ask for any additional proof. 

You can get an instant loan for an amount starting at Rs. 50,000. If you need a higher amount, the maximum loan limit that Finnable has is Rs. 10 lakhs.

The disbursal time is also just a few hours. As soon as all the documents are verified, you can get the funds from your personal loan credited directly into your account.

Personal Loan Eligibility

Eligibility for a personal loan in Calicut includes the following:

  1. Nationality: This means that only Indian citizens can be eligible to take a loan in Calicut.
  2. Age: The age criteria as set by Finnable to take an instant loan is a minimum of 21 years of age and a maximum of 45 years of age. 
  3. Employment: You will have to show that you hold full-time employment when you apply for a personal loan in Calicut. Finnable does not sanction loans to individuals who hold part-time positions.
  4. Duration of employment: The duration of the current employment should be more than 3 months.
  5. Work experience: You also need to have a minimum work experience of 6 months. 
  6. Income: The salary you get from your current job should be more than Rs. 20,000/-, if you live and work in a Tier I city. For Tier-II applicants, the minimum monthly income should be more than Rs 15,000/-.  
  7. Income credit: The income should be credited directly to the bank account of the applicant. 
  8. CIBIL score: Finnable does not compulsorily ask you to provide a CIBIL score if you are a first-time applicant. However, if you are an existing customer, you will need to show proof that you have a minimum CIBIL score of 675.

Required Documents

The documents that you upload are proof or evidence that you meet the eligibility criteria. You will need to have these documents when you apply for an online personal loan:

  1. PAN card: This is proof of age and identity.
  2. Aadhar card: To be uploaded as proof of residence and citizenship.
  3. Salary slip: The salary slip for 1 months is the proof of income. 
  4. Bank statement: Bank statements for 3 months is proof of credit receipt of income.
Personal Loan in Calicut

How to get a Personal Loan in Calicut?

To get a personal loan in Calicut, you will need to download the personal loan app first. The app is available on Play Store and App Store. 

  • Create your profile by adding your personal and professional details.
  • Select the type of loan you are looking for.
  • Choose the amount and the tenure of the loan.
  • Upload the documents.

It is this simple to get an instant online loan from Finnable. Just ensure all the details are filled in correctly. The documents will be verified and the loan amount will be credited into your bank account.

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Personal Loan FAQs

You can check CIBIL score through CIBIL’s website. You can do so by filling up the form on CIBIL’s website. Add your details, pay the required amount as mentioned, and you will receive your CIBIL score in your email.

Yes, Finnable offers a medical loan to cover any medical emergency.

To calculate your personal loan EMI, you use the personal loan EMI calculator which is available on Finnable’s website as well as the app. You will need to enter your personal loan amount, the tenure of the loan, and a tentative rate of interest. Click on the ‘calculate’ button and you will know your EMI instantly.

Yes, you can get a loan with a low CIBIL score through Finnable.