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% - 17.99%
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    Fees & Charges
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    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Coimbatore Personal Loan is Rated as "Great!" by 1318 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Coimbatore Personal Loan

    Coimbatore also called Kovai, is a prominent city in the state of Tamil Nadu. This city is a pretty and pleasant place with modern amenities. This city is surrounded by the beautiful Western Ghats. It is a popular hub for a number of sectors including healthcare, education, textiles, commercial activities, and information technology. The population of Coimbatore is around 16 lakh as of now.

    In case you are looking for financial support for any of your personal requirements, you can apply for an economical personal loan in Coimbatore. The city has many prominent lenders that provide trustworthy personal loans at competitive interest rates. Personal loans are usually unsecured loans. However, if you want a lower rate of interest, you could apply for a secured loan by securing it against your shares, gold, or even mortgage.


    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 20 Nov 2018

    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 Loans offered by Various Lenders in Coimbatore

    A few of the top lenders that offer personal loans in the city of Coimbatore include:

    • City Union Bank Ltd
    • Bank of Punjab
    • UCO Bank
    • IndusInd Bank
    • Kotak Mahindra Bank
    • Kosamattam Finance
    • Oriental Bank of Commerce
    • State Bank of India (SBI)
    • Unit Trust of India
    • Karur Vysya Bank
    • Indian Overseas Bank
    • ING Vysya Bank
    • Standard Chartered Bank
    • Dena Bank
    • Deutsche Bank
    • Tata Capital
    • Citibank
    • Andhra Bank
    • Canara Bank
    • IDBI Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Syndicate Bank
    • Punjab National Bank
    • Corporation Bank
    • South Indian Bank
    • Karnataka Bank
    • Federal Bank
    • Tamilnad Mercantile Bank

    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 a 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 lower 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
    Tamilnad Mercantile Bank 1-year MCLR + Business Strategy Spread and Credit Risk Premium 1% of loan amount Up to Rs.2 lakh Up to 60 months
    Indian Bank Information not provided 0.51% of loan amount with a ceiling of Rs.510 5 to 7 times the gross salary of the loan applicant Up to 36 months
    Dhanlaxmi Bank Depending on MCLR, which ranges from 8.90% to 9.75% p.a. Up to 2.5% of the loan amount with a minimum of Rs.1,250 Up to Rs.15 lakh Up to 60 months
    City Union Bank 9.75% to 12.50% p.a. Information not provided Up to Rs.5 lakh 1 year
    Dena Bank 13% to 14% p.a. 1% of loan amount Up to 9 times of net monthly income Up to 36 months

    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 affects your 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.


    Coimbatore Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The customer service and responsiveness was very good. I have been using bank bazaar for past 2 years. It is easy to get a credit card and the loan. I felt the processing fee is less. I got the mobile application which was easy to check the offers and more user friendly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 16, 2018
    • Early Salary Personal Loan
      "Need to reduce the processing fee"
      0.5 5.0/5 "Blown Away!"
      I am satisfied with the customer service and the response. The rate of interest are moderate but the processing was high in Early Salary. I have taken 30,000 rupees they charged Rs.3000 for processing fee. The loan process was done 1.5 days. The documentation procedure is online.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 16, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I am running a personal loan with HDFC Bank. The total loan duration is 36 months and I have completed 14 months. The rate of interest was moderate.I am a prestigious customer of HDFC. I can do part payment and pre closure after 6 months. I am a KYC customer, its a paperless approval.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have used the bank bazaar site before 2 years and took a personal loan currently. Now I started using the mobile application. It is easy to do comparison. Am more comfortable with their app. Previous experience is good and the services are little bit not satisfied.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • Early Salary Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      The rate of interest was not high with Early Salary. This time, I have taken only 9K and there are only two options I could do 9k or 18K. The processing was immediate and good. Last month I have submitted the documents and this is the second time I took a loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • SBI Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      My home loan was taken with STATE BANK OF INDIA , they had been having the best interest rate, the charges which they had been making has been very nominal . The loan duration is 15 years. The branch response is absolutely fine. Overall service is good have good experience with SBI .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been bank bazaar service recently i have just been a month and 1st time i have applied for credit card from bank bazaar and service was so good they provide me all information regarding this card and customer support team keep on follow up with me i have been using website it was easy to access and i came to know about this bank bazaar service by surfing through on line.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Tata capital, the loan amount they have given me is up to 3,00,000 and it is sufficient for me and i am not sure with the rate of interest how much they have charge me and they have charged nominal processing fee and the process went smoothly, i took 3 yrs as tenure period.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2018
    • Cashe Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have been using my personal loan with Cash E recently, the loan amount they have given up to 23 thousand it is sufficient for me and the rate of interest they have charged 8 rupees per day it is very huge like they are charging 30% as rate of interest and there processing fee is also very huge.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 14, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS BANK , i took this loan before 4 month . This is very best service it just took 5minutes to get loan i just click on net banking within 5minutes i got loan . I use to pay EMI on time . There was little bad experience with this bank .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2018
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It is my first time with bank bazaar on my personal loan. It was recommended by friend. The process was immediate. The customer support responded properly but IVR takes longer time to connect. The website is fast and easy to operate. I have checked my credit score.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2018
    • Tata capital Personal Loan
      "Average"
      0.5 5.0/5 "Blown Away!"
      I have applied my personal loan with Tata Capital Limited through online. The loan process was immediate and within 5 days I got the amount. The interest rate was okay but am not fine with insurance which they did not inform earlier. I can do preclosure after a one year and no part payment. I opt the loan for 3 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory website"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is providing a satisfied response and I'm happy about it. Last 3 months i have been using this website and through Internet i have come to know about this website. The customer care representative has given me a better response and i have got my free credit score also.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • HDFC Bank Personal Loan
      "Super Bank for personal loan"
      0.5 4.0/5 "Great!"
      I have got my personal loan on time. Within 3 days i have received my loan. They have offered me a interest rate of 10.99% and i have no idea about the processing fee. I have applied the loan amount of Rs. 2 lakhs and i have got the same. I have given all my documents in the nearby branch. I have got the loan 2 months back and i paid my first month EMI of Rs. 5865. I have chosen the tenure period of 48 months.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • SBI Personal Loan
      "Loan process should be improvement"
      0.5 2.0/5 "Expected more"
      I have personal loan with SBI, they have taken three months to approve my loan and the documentation process was inconvenient. Though I have my salary with them, they taken long time to disburse the amount. I am not happy with interms of process but interest rate is good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • Bank Bazaar Personal Loan
      "Hero website for all financial products"
      0.5 5.0/5 "Blown Away!"
      Last one year I am using Bank Bazaar.com, but still its my first experience with them. I availed personal loan through them, the documentation process was easy. The online application is user friendly to upload the papers, or else I would have visit to the bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 12, 2018
    • Kotak Personal Loan
      "Process should be faster"
      0.5 4.0/5 "Great!"
      Kotak Mahindra bank taken more than one month to disbursed the amount, they were keep collecting the documents from my end. But interest rate and fee are nominal as like other banks. I have taken loan amount of Rs. 1 lakh for tenure of 36 months.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Nov 12, 2018
    • Bank Bazaar Personal Loan
      "Excellent in Service"
      0.5 4.5/5 "Excellent!"
      Bank Bazaar is been convenient and comfort to me. My application was taken care and the follow ups were up to the mar and i will continue my relation with Bank Bazaar for future deals. My application was processed on a quick note through Bank bazaar.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Nov 02, 2018
    • IndusInd Bank Personal Loan
      "Best in service"
      0.5 4.0/5 "Great!"
      Thanks to Indusind Bank as i have applied for a personal loan with them and it got approved in just 2 days time. The rate of interest is reasonable here , its 12.5% and customer service is good. I am happy that my request was processed when i was in need.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Nov 02, 2018
    • ICICI Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from the ICICI bank . The processing fees is not there , i have chosen the tenure period of few years . They instantly approved with in 2-3 days . Where i make the payment monthly online . The rate of interest is very much nominal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 02, 2018
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