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Kerala is popularly known as an attractive tourism hub in India. Apart from tourism, this city is famous for its high literacy rate and employment opportunities. These days, there is a lot of investment happening in several parts of Kerala, thanks to which there are plenty of opportunities for both salaried as well as self employed individuals. However, there may be moments when you need additional funding - for personal needs or during emergencies. At SMFG India Credit, we understand your needs, and strive to be your preferred financial partner for all such needs by offering customised products for every individual seeking a personal loan in Kerala at reasonable interest rates.
We at SMFG India Credit have several useful unsecured personal schemes for the residents of Kerala. You can avail of a loan of upto Rs. 30 lakhs for your travel, wedding, medical emergency, holiday, big-ticket purchase, higher education of children, or any other requirement. Our flexible repayment tenure between 12 months and 60 months and foreclosure options after the payment of the first 6 EMIs allow you to plan your finances easily.
Here is the list of documents required for personal loan application:
Here are the criteria for eligibility for personal loan in Kerala:
If you are residing in Kerala, then your monthly income must be at least Rs. 20,000. However, do note that for residents of Mumbai or Delhi, the minimum monthly income increases to Rs. 25,000.
At SMFG India Credit, we check your eligibility for personal loan to decide on the loan amount, tenure, and the applicable personal loan interest rate. If you have a good credit history, high disposable income, and great repayment capacity, then you can expect a very reasonable rate of interest starting at 13%. However, we finalize the rate on the basis of your location, age, monthly income, credit score, repayment ability, loan amount, and any other relevant information. The processing fee is up to 5% of the total loan amount + GST.
To apply for a personal loan in Kerala, you can choose from these two methods:
You can simply scroll to the top of this page and click ‘Apply now’ to proceed with the loan application. You have to upload the soft-copy of the documents required for personal loan when making the loan application.
Find the nearest branch office in your area and drop in for a visit. We will explain to you the different schemes for personal loans and provide you with the best suitable deal. Fill in the loan application form, sign it, and attach the necessary documents to apply for the loan. So, choose any of these methods and apply for a personal loan Kerala. To reach the customer support team, call on the toll-free number (1800 103 6001) or email us at
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Getting a personal loan with a low CIBIL score in Kerala can be challenging, but it's possible by approaching lenders with lenient criteria. However, they may charge higher interest rates or impose stricter terms. Adding a co-applicant with a strong credit profile and stable income can improve your chances. Aim to improve your CIBIL score to 750 or higher before applying for better loan options.
Even with a low salary, personal loan approval is possible in Kerala if other criteria like a good credit score and stable employment are met. Applying for a smaller loan amount or including a guarantor/co-applicant with a higher income can improve your chances. For SMFG India Credit, Kerala residents should have a minimum monthly income of INR 20,000.
The time to process a personal loan in Kerala depends on the lender. Applications with accurate documentation and strong eligibility profiles are typically processed faster, especially when applied online.
For Kerala residents, the minimum monthly income required for an SMFG India Credit personal loan is INR 20,000.
Branch Address 1
2nd Floor, Sitara Tower, TC No 81/2863, Manorama Road, Nr. Aristo Junction,Opp. Desabhimani Building, Thampanoor, Trivandrum - 695001
Branch Address 2
Second Floor, Door No.42/3406, Civli Land Road, Palarivattom, Cochin, Kerala - 682024
Branch Address 3
1st Floor, Presidency Shopping Complex, Off MG Road, Poothole, Thrissur - 680004, Kerala
Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).
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