Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Coimbatore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Coimbatore Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The spot response was given by bank bazaar team. The bank bazaar website and the mobile application is very helpful to check the different kind of interest rates with the different bank partners. The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 23, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't got personal loan from ICICI bank because their interest is high and the loan amount which they were about to offer was low with ICICI when compared with other banks. The customer service was good with ICICI bank. There interest rate can be decreased in future with ICICI .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 23, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The customer support of bank bazaar gives immediate response to the customers. The response is quick and fast from bank bazaar team. The website of bank bazaar is easy to use and user friendly. I would like suggest bank bazaar to add few more locations like Ooty in their website .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 21, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Actually the place where I located is not listed under the ICICI bank eligibility criteria, so that was the reason I haven't got the loan from ICICI bank. The customer service gave prompt response in regards to my personal loan application. The rate of interest is nominal with ICICI bank when compared with others.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      The experience at Bankbazaar has been great as they provided the best of services. They were very much responsive. I got a quick reply and proper follow up calls through the process. The portal was very user friendly, I had no issues to use the portal and register.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 21, 2017
    • HDFC Bank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank was fast in the process and the documentation was normal. I am satisfied with the customer services and the overall experience for the personal loan. The interest rate is of 15% and the processing charges is of 2K. The processing fees was on the higher side.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Bank bazaar's experience was really good. I am pretty satisfied with their immediate responses and customer service . I used to check my credit score in their website which is very useful and have not faced any run time or down time error so far.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 20, 2017
    • ICICI Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      I have approached ICICI bank for my personal loan. I am not satisfied with them as they have rejected my application based on the eligibility criteria and my current vehicle loan. They could have informed or checked before processing my application which was disappointing
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My experience with Bank bazaar was amazing .This is my first experience and I felt that their customer service and responses was very good. I have used their website to check the credit score option. I would like to rate 4 out 5 overall and that is the best part about this site.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 19, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my personal loan 2 months back but they have asked me come after 3 months to start with my loan process.My experience was up to the mark so far. I have not faced any inconvenience or issues with their customer service and responses. They are providing door step service for the documentation collection and I felt that their rate of interest was bit high other than that I am satisfied with ICICI bank and looking forward to start my loan process .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 19, 2017
    • Bank Bazaar Personal Loan
      "Good financial website"
      0.5 4.0/5 "Great!"
      Initial part of Bank Bazaar is very fantastic, when I post the request for the personal loan I got a call they guided on the loan process to connect with the ICICI bank. I would like to suggest Bank Bazaar should analyze about the eligibility based on customer profile before forwarding the application to the bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 16, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      The reason why I denied to process my persona loan with ICICI, they ready to sanction only the amount of Rs.53,000. But I have requested them to sanction the principal amount of Rs. 1.3 lakh. But they refused it, because my existing loan was running,
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 16, 2017
    • Bank Bazaar Personal Loan
      "Its a Good financial advisor"
      0.5 4.0/5 "Great!"
      Bank Bazaar is suggesting different banks on the loan product. I could compare and take the best. Paperless approval is good in Bank Bazaar through that I could save my time. The online website is also easy and simple to navigate for loan product.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Interest rate and charges should be reduced"
      0.5 2.0/5 "Expected more"
      When I applied for personal loan in ICICI, I didn't prefer to process with them. Because of their interest rate and charges. ICICI offered me 14.5% of interest and with 2% of processing fee on personal loan it was high. Hence I had taken loan from HDFC based on my credit card.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 14, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I was not in contact with any bank partner but then bank bazaar helped me to get in touch with the bank partner within a promised time period. I am customer of bank bazaar for more than 2months. The website of bank bazaar is easy to use and user friendly. The customer service of bank bazaar gives good response to its customers.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The ICICI bank customer support told that at least, I need to have 2 years of experience but I don't have it, so that was the reason I haven't proceed with ICICI bank personal loan. The rate of interest is nominal when compared with other banks.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 14, 2017
    • HDB Financial Services Personal Loan
      " Interest rate should be compromised. "
      0.5 1.5/5 "Bad"
      From HDB FINANCIAL SERVICES i took a personal loan 6 months back. The approved loan amount is 2 lakhs. The rate of interest is 25% which is very high for 36 months. Monthly EMI comes around 8756rs. There was an processing fee of 12000 and in addition to that they charged 8000 as insurance for this loan amount were i no need to pay the approved amount if anything happened to me.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Banking with bankbazaar"
      0.5 4.5/5 "Excellent!"
      When i am looking forward for a loan application i got a pop up from some websites and i visited the bankbazaar. The credit score option available on the page is really helpful after checking the credit score i applied for a personal loan with ICICI bank. Its just like a virtual bank pool which help customers to connect banks directly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 13, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI Bank. My application got rejected as my salary account is not with any of the banks. I receive my salary as cash from my organization. But the response and there approach was good and satisfying. It can be recommended.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 13, 2017
    • HDFC Bank Personal Loan
      "Need to improve"
      0.5 2.0/5 "Expected more"
      I have got the personal loan with the HDFC bank and the response is not really overall a good one. Waiver off is not a considerable one for me with them even though its a matter of foreclosure. Customer service is a kind of okay one for me.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 11, 2017
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    Coimbatore Personal Loan is Rated as "Great!" by 1137 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Coimbatore Personal Loan

    Coimbatore is the second largest urban agglomeration in Tamil Nadu. Its known as the ‘Manchester of South India’ and it’s also the second largest software producer in the state.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Coimbatore Personal Loan if you are

    01
    02
    03
    04
    Coimbatore Personal Loan Minimum Age

    At least 21 years old

    Coimbatore Personal Loan Maximum Age

    Less than 65 years old

    Coimbatore Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Coimbatore Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Coimbatore Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Coimbatore Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Coimbatore Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Coimbatore Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Coimbatore Personal Loan amount by these steps

    01
    02
    Coimbatore Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Coimbatore

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Coimbatore Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Coimbatore Personal Loan Interest RatesUpdated on 24 Sep 2017

    Coimbatore Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required
    Apply for Personal Loan

    Personal loans in Coimbatore

    Coimbatore has a lot of banks and NBFCs that offer personal loans to customers. There are two types of personal loans namely, secured loans and unsecured loans. While most banks offer secured personal loans with much ease, they follow stringent procedures for sanctioning unsecured loans. Few of the leading banks in Coimbatore offering personal loans to customers include HDFC Bank, ICICI Bank, Axis Bank, State Bank of India, etc. It is advisable that you compare the personal loan offerings of different banks before making a final decision.

    Personal Loan offered by various banks in Coimbatore

    Coimbatore has a number of financial institutions providing customized loan products to customers. Given below are some of the top banks and NBFCs in Coimbatore offering personal loans at competitive rates of interest:

    • ICICI Bank
    • HDFC Bank
    • Axis Bank
    • Kosamattam Finance
    • Standard Chartered Bank
    • Union Commercial Bank
    • City Union Bank
    • Dena Bank
    • Indian Overseas Bank
    • South Indian Bank
    • Punjab National Bank
    • Fullerton India

    How do I get a Personal Loan with the lowest interest rate in Coimbatore?

    Generally, people apply for unsecured personal loans where they maintain their salary account or savings account to have higher chances of loan approval. But if you have a good credit history then it is recommended that you compare the loans products of different banks before choosing any particular one. A number of factors decide your personal loan eligibility which also determine the rates of interest offered to you. Given below are some of the main factors that affect your personal loan approval:

    • Credit history of the borrower: Ensure that you have cleared all your outstanding loan payments before applying for a new loan. Also, ensure that your credit history is updated by the lending organization once you have cleared the payments. With a good credit score, the chances of availing a personal loan are higher. Generally, a credit score above 750 is considered good.
    • Down payments: Paying an amount upfront while availing a loan can have significant impact on your EMIs. An amount higher than 20% of the loan value is likely to bring down your interest rates considerably.
    • Debt-to-income ratio: Debt-to-income-ratio is the ratio of how much you owe the bank each month to your monthly income. It is one of the key factors which decide your personal loan eligibility. Check your debt-to-income ratio before applying for a personal loan
    • Comparing loans: A knowledge of the best loan products available in the market can help you when shopping for loans. Through third-party websites like BankBazaar, you can check the interest rates of different banks and compare the features side-by-side.
    • Tenure: Your loan tenure is directly proportional to your Equated Monthly Installments (EMIs). So, choose a shorter loan tenure to avail a lower rate of interest.
    • Employment status: Companies also check your employment history while approving personal loans. If your employer is listed with the bank you approach for loan, then it’s not just easy to avail the loan but you can also get a low rate of interest.
    • Personal loan negotiation: Do not settle for the interest rates offered by the bank. Always try to negotiate and reduce the EMIs. If you are applying for a loan at the bank where maintain your salary account, then you can easily negotiate as you are a preferred customer of the bank.
    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One-time fee Rs.20 lakh (Max) 1-5 Years
    Citibank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One-time fee) Rs.15 Lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35%Fixed Rs.1,000 to Rs.10,000 (One-time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One-time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One-time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One-time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Coimbatore

    The income requirements to avail a personal loan differs from one lending institution to another. Therefore, compare various personal loan products and choose the one that suits you the best. Generally, banks offer loans to customers who meet the following income requirements:

    • For salaried individuals – Generally, banks offer personal loans to applicants who are above 21 years of age and earn a monthly income of Rs.15,000 or above.
    • Self-employed individuals – If you are self-employed, then your business must make a profit of Rs.1 lakh to Rs.2 lakh annually to be eligible for personal loans.

    Coimbatore Personal Loan FAQs

    1. What are the additional charges applicable on personal loans?

      Banks charge you a processing fees, which is normally 2% of the loan amount.

    2. Will my credit history affect the interest rate on my loan?

      Yes, your credit history directly reflects on the interest rate the bank or NBFC offers you on your personal loan. The higher your credit score, the lower will be the interest rate and vice versa.

    3. Can I transfer my personal loan amount from one bank to another?

      Yes, you can transfer your loan from one bank to another. However, make sure that you have cleared all your outstanding EMIs before applying for a loan transfer.

    4. How long does it take to get a loan approved?

      The approval time depends from one bank to another. Some banks approve your personal loans within 24 hours.

    5. What is the tenure range of personal loans?

      Most banks offer loans for a tenure of 1 to 5 years. The tenure decides the interest rate, the EMIs to be repaid to the bank monthly, etc.


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