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% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 Ad Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
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    Fees & Charges
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    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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + 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
    13.49% - 19.99% 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
    10.65% - 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
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    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
    10.99% - 15.99% Fixed
    Up to 0.5%
    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
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    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
    11.75% - 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
    12% - 19% Fixed
    Up to 3% 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
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  • Coimbatore Personal Loan is Rated as "Great!" by 1176 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 19 Oct 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.


    Coimbatore Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      First experience with Bank Bazaar was very exciting. The loan application process is very simple and very easy. It was really amazing and very fast. The process is hassle free and also paperless. The process is simplified and easy to follow. On getting a positive response i will surely recommend to my friends in need of loan. Ravi, Coimbatore
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar is good and the experience is also nice. The team was on time to contact me and provide me with the details of the bank that I was eligible off. The website is good and it is very much helpful as well. It is a friendly portal too.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Good overall"
      0.5 3.5/5 "Pretty good"
      Since there are plans of switching my account to Standard Chartered Bank I decided to take the personal loan once I start using the bank services. The services and response was good as they were on time to contact me and informed me the details.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      I had taken my personal loan from HDFC bank. The initial process was smooth in me getting my loan. The after loan services has not been satisfactory. They have been charging high when I delayed by a day to pay the EMI. I had to pay a fee of 600 700.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 17, 2017
    • ICICI Bank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from ICICI Bank earlier as well and the experience was also great. I had no hassles and the bank has always been on time to communicate with me and process my papers. The rate of interest and charges was nominal too. Hassle free overall.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      The experience at Bankbazaar is excellent and this is my first one. The response was immediate and I got the loan on time as well. The best is I got a regular follow up from in every step of the application. I was given the necessary details. The website is also good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from ICICI Bank and it was too good a process and it was on time. The rate of interest was of 11.49% and the processing charges is also normal. The after loan services are good and the ECS is deducted on time. I am a existing customer of the bank and it has always been good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am satisfied in your service. Customer service is very good. i have used Bank Bazaar many more times to know my credit worthiness.This website is very easy to sue. I am very happy to use this service. Overall Bank Bazaar is doing well and good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 13, 2017
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I had my personal loan with Centurion Bank a long time ago. The rate of interest was 16% which is always high so I decided to move the personal loan to some other bank which is charging lesser rate of interest. So I moved the personal loan to State Bank of India. Now Centurion Bank doesn't exists as it got take over by HDFC Bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 06, 2017
    • SBI Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      As I'm a long time customer with State Bank of India. I was offered a personal loan 12 years ago and I took the loan from State Bank of India. At that period all banks were providing personal loans for rate of interests around 16% to 18% but even at that period State Bank of India provided me the personal loan at 12% as rate of interest which is considered to be the lowest interest.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar experience is good and fast, they gave me instant reply on queries. Whatever help I need on the personal loan they have guided on it. I am much happy about it, its all recommendable site to all whose looking for any banking products.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 06, 2017
    • ICICI Bank Personal Loan
      "Looking for better offer"
      0.5 3.0/5 "Satisfactory"
      I need the principal amount Rs. 1 lakh but ICICI ready to sanction only the amount Rs.50,000. I am not compromise with the principal, because it won't fulfill my requirement but their interest rate is nominal as per their norms. Because of this I didn't avail loan from them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      Bankbazaar is a platform for all financial service. I found bankbazaar through my free search. They gave me instant response and follow ups. Everyday the executive contacted me regarding the application of my personal loan status. Bankbazaar was customer friendly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 05, 2017
    • ICICI Bank Personal Loan
      "Personal loan with ICICI"
      0.5 3.0/5 "Satisfactory"
      I have requested for a personal loan application with the ICICI bank and since i got a better deal from the other competitor. I thought not to take a loan from ICICI.Other than that i am satisfied with the bank service. Even i got good follow up from ICICI bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 05, 2017
    • HDFC Bank Personal Loan
      "Customer's friendly service"
      0.5 5.0/5 "Blown Away!"
      I am very much satisfied with HDFC, their service is also good. Earlier I took the personal loan of Rs. 2 lakhs for the tenure of five years. My EMI amount would be Rs.4500. If I want to go for foreclosure, HDFC charge some fee on the remaining principal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 04, 2017
    • Bank Bazaar Personal Loan
      "Userfriendly Site"
      0.5 5.0/5 "Blown Away!"
      Pretty impressed with quick response of Bank Bazaar, when I approached them for the personal loan and also I was getting continuous follow up through mails and message. Bank Bazaar website is a good financial portal to browse. Instead of visiting to the bank, from our place we do search in Bank Bazaar.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 04, 2017
    • ICICI Bank Personal Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I have taken loan from other source because I am going for maternity leave hence I don't have time to process my loan with ICICI. But their response was fine, they told executives would be coming to collect the documents but I denied to go head.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 04, 2017
    • Capital First Personal Loan
      "Its Average"
      0.5 2.0/5 "Expected more"
      Capital First loan verification and other process is too long, I applied directly by walk in their branch. The loan amount got disbursed after two weeks of time. To get signature in the documents, to verify paper they taken long duration to proceed.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 03, 2017
    • HDFC Bank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      When I put online channel at the time my application got rejected, again I visit to the HDFC bank, then my loan got approved. HDFC done a fast process within three working days loan amount got credited, 1st day I submitted the document, 2nd day they done the verification, 3rd day the loan amount disbursement.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 03, 2017
    • Bank Bazaar Personal Loan
      "Its Userfriendly"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is good, I could view the credit score through online its really fantastic. Bank Bazaar platform is really good, it has all the option to view the banking information but in the meantime I would like to suggest long process of application should be reduced.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 03, 2017
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