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 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 20.75% 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
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    Perks
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    Eligibility Criteria
    Customer Reviews
    12.99% - 12.99% 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
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    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
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    Perks
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    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
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    Perks
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    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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    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
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    Perks
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    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
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    Good to Know
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  • Coimbatore Personal Loan is Rated as "Great!" by 1221 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 18 Nov 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
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I like the way bank bazaar maintains the follow up with their customers. I am a customer of bank bazaar past 1 year. The customer support is prompt with bank bazaar. It would be great of bank partner works like bank bazaar. I have used bank bazaar mobile application which is easy to use and customer friendly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2017
    • ICICI Bank Personal Loan
      "Below Average service"
      0.5 2.0/5 "Expected more"
      ICICI bank executives told that my cibil score is low but I know that I have enough cibil score to go with the personal loan and I got the personal loan from other bank. The customer support haven't gave any response in regards to my personal loan application.The response need to be improved with ICICI bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 15, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      Bankbazaar.com is good one and they are really prompt too, also they are really coordinated too. I would like to suggest that they could be more cautious about the details, also am really happy with the Bankbazaar.com.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 14, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have got the personal loan with the ICICI bank and the response is good too. I would like to say that the loan amount got disbursed within stipulated time period and I really dont have any issues on it.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 14, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      This is my first time experience with Bank Bazaar. My personal loan application has been processed. It was easy process and they have taken my requirements and forwarded to the concern banks. The calls has to be more proper. I had some difficulties to login my application after that it was very good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2017
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with Fullerton through online channel. They took around 2.5 weeks. I had submitted by documents to the executive. The customer service and response is good. I had a need of 1.75L after all deduction received only 1L 48K if they would inform earlier I had applied for more. The interest rate is normal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 13, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I previously applied for the personal loan from HDFC bank, my loan application was approved and the requested amount was disbursed. The loan amount was for 5 lakhs with the rate of interest of 15% which is high comparatively. The customer service was good, they provided door step service for the collection of documents. The process was smooth and easy, loan amount was approved within 15 days.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar, the services provided by bankbazaar is good when compared to all other banking websites. I came to know about bankbazaar through google. The customer service was good and prompt. I use the website of bankbazaar, i used to check my credit score and use the EMI calculator. The website is easy to navigate and it is user friendly.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 11, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from ICICI bank, my loan application was approved and the requested amount was disbursed. The loan experience was good but the process took quite long time, i applied the loan through fasttrack, they said that the loan amount will be approved in 3 days but it took 2 weeks of time. The customer service was good, they provided door step service for the collection of documents. The rate of interest much less when compared to other banks.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Very good site"
      0.5 4.0/5 "Great!"
      Happy to comment about bankbazaar as I had taken personal loan and credit card through this site, Bankbazaar contacted me on time once after i placed a request online they called me then and there itself and had done a comparison for me. Website is very easy to use and well designed. I was given only one option which is Fullerton where the interest was high . I would suggest bankbazaar to provide multiple options.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 11, 2017
    • Fullerton Personal Loan
      "Good process"
      0.5 3.0/5 "Satisfactory"
      Well! Fullerton process was really smooth, but the only glitch here was rate of interest as it was on the higher side Fullerton had offered me around 21%. Turn around time taken to process the loan was around 5 days the amount was transferred to my account on time . I am yet to receive the loan documents from them comfortable with the EMI amount and ECS date.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Good communication"
      0.5 5.0/5 "Blown Away!"
      I have been using the bank bazaar website i for past few months of time ,in a short span of time i liked the website so much as it got all options to browse and its convenient as well.The response is extraordinary and they do follow up the request,send multiple alerts.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 09, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with ICICI bank.The loan amount is two lakhs.Rate of interest is 15.99%. They had processed my request within a week,quick and simple process.I had submitted documents through online.The executives had responded on time.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 09, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have no issues with Bankbazaar and the experience was overall good. The customer services are professional and they were prompt to contact me and provide me with the necessary information. The website is also good and helpful to every customer.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 08, 2017
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank processed my personal loan within two weeks. The services and response is good and the rate on interest was high, it was around 15.9% and the processing fees and insurance was high as well as I paid a fee around 17K. I would not recommend the bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 08, 2017
    • Bank Bazaar Personal Loan
      "Good sevice"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service support is very good. I use bank bazaar for past 1 year, I have applied personal loan with the help of bank bazaar website, which is easy to use and customer friendly. I got immediate response from bank bazaar customer support team.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 06, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have applied personal loan with ICICI bank, they told they can process my application but I am not sure why they have stopped the process. The customer support was good ICICI bank . The rate of interest and the charges were nominal with ICICI. ICICI bank executives need to give the status of the product to their customers.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 06, 2017
    • Bank Bazaar Personal Loan
      "Personal loan"
      0.5 5.0/5 "Blown Away!"
      To get best personal loan offers in fastest way and compare the different bank loans easily and processing fee comparison and EMI comparison made easily and with our pancard we can check the credit score easily, also they provide the tips for increasing the score also.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 02, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank. The interest rate was 10.95% which was average . I am completely happy with the customer service and responses here. HDFC Bank sanctioned the loan with the committed time. The loan was 2 lakhs and the whole loan process took just 2 days . My experience was excellent.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I had a good experience with Bank bazaar. The customer service and responses was up the mark. The representative guided me well and processed quickly. Their website is very easy to navigate and understand . I have not faced any inconvenience here . My overall experience was good and its recommendable.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 01, 2017
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