Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Coimbatore Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    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
    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
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L 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
    11.5% - 13.25% Fixed
    0 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 Customer Support
      "Excellent service "
      0.5 5.0/5 "Blown Away!"
      The follow up with bank bazaar is really good . I got the call from bank bazaar in 30 minutes once I gave all my requirement in the website. I came to know about bank bazaar through the promotional mails. I know about bank bazaar for past 3 years. I had applied for the personal loan through bank bazaar web site, which is very much easy to use and user friendly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 4.0/5 "Great!"
      The ICICI bank failed to do the follow up with regards to my personal loan application. They did not give a call and explained about the product. Then later on I came to know that my application got closed and they have never sent any kind of mails or text message to covey my loan status. The customer support of ICICI needs to improve a lot.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I got to know about bank bazaar through my friend referral. I have applied personal loan through bank bazaar web site, which is easy to use and customer friendly. The bank bazaar web site gave knowledge about the financial products. The customer service with bank bazaar is really good and helpful.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor"
      0.5 3.0/5 "Satisfactory"
      Bank Bazaar website information is good, it has multi choice option, I am very satisfied with that. When I applied for the loan, I got continuous follow up from them it is good but some time it was inconvenient. It would be better if stop giving frequent call to the customer.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 21, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 3.5/5 "Pretty good"
      I have arranged the money through some external source, hence there was no requirement for me to take personal loan from ICICI. They have called me on the loan process and explained about the interest and charges are nominal. Due to my personal reason I haven't process my loan with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 21, 2017
    • Bank Bazaar Customer Support
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I had received very good response from bankbazaar. They promptly contacted me and provided the information for the loan process. Then they moved my application form to the bank. Their website is quite easy to handle and I had no challenges with bankbazaar.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 20, 2017
    • ICICI Bank Personal Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      I had received good response from ICICI bank for the personal loan. But I had already taken the housing loan from other bank so my taken home salary would be less after the emi deduction. Hence ICICI is unable to provide the loan. Otherwise I had received very good response from ICICI bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Satisfactory Service"
      0.5 5.0/5 "Blown Away!"
      Got prompt reply from bankbazaar after applying for the loan on the website. Immediately they contacted me and gathered some information in order to proceed for the loan. I would like to give them the full rating as I am satisfied with bankbazaar.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • ICICI Bank Personal Loan
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      There was no issues on customer service and responsiveness with ICICI bank when I applied for the personal loan. But, the interest rate is very high when compared with HDFC bank. Hence I did not proceed with ICICI bank. Other than that there are no issues with ICICI.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Good Process"
      0.5 4.0/5 "Great!"
      Bankbazaar is very good in response and regular in providing information via calls, messages and mails. I never found any challenges with bankbazaar at any point of time. The website is very simple to navigate also it is very informative..
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It has been two weeks when I applied for the personal loan with ICICI bank. They are giving very good response and providing proper information for the loan process. I am not facing any kind of challenges with the bank till now and it is in process.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 19, 2017
    • Capital First Personal Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      Actually I applied for the personal loan with Capital First online and I was expecting a proper response from them. But I did not receive any response from them on my loan application. Even there was no message or mails from them, hence I went a head and cancelled my application.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2017
    • Bank Bazaar Customer Support
      "Very super"
      0.5 5.0/5 "Blown Away!"
      From the last two to three months of time, I am using Bankbazaar.com and the response was really good one with them , also they have made the process is simpler way. Within one to two hours of time , I got the response from Bankbazaar.com for my inquiry.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 16, 2017
    • ICICI Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I have not taken the personal loan with the ICICI bank because the rate of interest was huge one like it was around 16%. Customer service was good one and I was expected the rate of interest should be around 12%. Approach with the ICICI bank is good and the response was immediate one.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Perfectly Fine"
      0.5 4.0/5 "Great!"
      I had no issues with bankbazaar from the time I applied for the loan on your website. The moment I applied for the loan, I got a call from customer care of bankbazaar and they forwarded my loan application to the bank without any delay. Additionally, the website is quite easy to handle.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2017
    • ICICI Bank Personal Loan
      "No Response"
      0.5 2.0/5 "Expected more"
      I never heard anything about my personal loan application which had been submitted with ICICI bank. Actually I was waiting for the response from the bank on my loan application but I got to know that my application been closed without processing. Very disappointed with ICICI bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2017
    • Bank Bazaar Customer Support
      "Very good experience"
      0.5 4.0/5 "Great!"
      Good to write every part of application, nice experience, great to move one step to another, very easy to finish all the steps. Thanks to bank bazaar. Just submitted the application, am waiting for the application to be respond by bank as well as looking for the tracking after bank received my application.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 14, 2017
    • Bank Bazaar Customer Support
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar service is excellent I would say. They contacted me on time and provided good response when I applied for the loan on their website. Their executives contacted me promptly and assigned my application to the bank for the further process. The website is very much easy to use.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 13, 2017
    • ICICI Bank Personal Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      ICICI bank proceeded with the personal loan in a good way. I had received good response over my loan application and they contacted me properly and done with the process without any hassles. There are no issues on the rate of interest as well also their customer service is really good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 13, 2017
    • Central Bank of India Personal Loan
      "Good service but need to decrease the interest rate"
      0.5 3.0/5 "Satisfactory"
      The rate of interest offered by central bank was high , even though I have submitted the IT certificates. Central bank of India took a week time to disburse my personal loan. The documentation process was very good with Central bank. I am happy about the loan amount . This loan has the tenure of 8 years. I am satisfied with the central bank of India service.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 13, 2017
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    Coimbatore Personal Loan is Rated as "Great!" by 1033 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 22 Jun 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

    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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