Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 33 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
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    10.99% - 25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    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
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • Coimbatore Personal Loan is Rated as "Great!" by 1286 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 19 Sep 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
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The overall experience is good at Bankbazaar. They have reached out to me on time and informed me the details. The website is also good and there are no issues to place a request for the personal loan. The navigation in the portal is also easy and smooth.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 11, 2018
    • Tata capital Personal Loan
      "Good. Can be more quick"
      0.5 4.0/5 "Great!"
      Tata Capital has provided the personal loan and the process was good. It would have been better if the loan was provided much sooner as there was a delay of three days than what was informed to me initially. The rate of interest is around 13.5% and the processing fee was waived off.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 11, 2018
    • IDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been easy and smooth and the loan amount which they had provided also had been satisfactory as well. The interest rate which they had charged has been a little high when compared with the market rate. I had taken this loan for the personal purpose.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Sep 07, 2018
    • HDFC Bank Personal Loan
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was for Rs 1.10 lacs with nominal interest rate when compared to other banks. The tenure period for this loan is 36 months and the customer support was very good with this bank.
      Was this review helpful? 4
      , coimbatore
      Reviewed on Sep 06, 2018
    • review Personal Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      It has been an average experience with the personal loan from them where there has not been any option with the preclosure. The loan amount was okay but the interest rate of 33% which they had charged was high when compared with the market rate. Their customer care also was not efficient where there has not been a proper responsiveness.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Sep 03, 2018
    • review Personal Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      The experience in taking this personal loan has not been that good. I had taken this loan for the renovation of my home, and the loan amount which they had provided had been okay. Their customer support has not been good where they has not been up to the mark. The interest rate also had been higher when compared with the market rate.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Sep 03, 2018
    • Axis Bank Personal Loan
      "Need to reduce charges"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 2 lacs with little high interest rate when compared to others. Part payment is allowed for this loan but they charge 2.8%-3%. Customer service was good and they responded on time.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 30, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar and it was average, the services provided by bankbazaar is good when compared to others. Customer service is average and their follow up was not on time. I use website to check for offers and compare rates in bankbazaar.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 29, 2018
    • Early Salary Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      My experience was very good with Early salary for personal loan, documents were collected on time and the customer service was good. The process was smooth and i received my loan amount on time. The loan amount was for Rs 10000 for 30 days with 6-7% interest rate which is nominal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 29, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      BankBazaar is a smooth platform for comparing and choosing various financial products. It was excellent, the customer support follow up was also very good. I got the loan pretty soon. It has been a hassle free experience.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 28, 2018
    • Cashe Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Short Term loan from the CashE. It was good, with in 2 days they processed the amount. There was a processing fee of 500 initially and it will be reduced to 300 second time. It has been a good experience and I got the money I wanted when I needed it the most.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 28, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 1 year back. The loan amount was 2,5 lakhs and the interest rate was very nominal. The loan process was very good and its a INSTA loan so i have taken with 10 sec. The processing fee was also very nominal so its a recommendable . .
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 28, 2018
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a personal loan from the IndusInd bank for 1.7 Lacs, I already closed the loan and the interest rate was also normal. The whole application process was easy and hassle free. It was a good personal loan experience with the IndusInd bank.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 23, 2018
    • HDB Financial Services Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've take a personal loan from the HDB for 3 Lacs, the interest rate was very high, there was also a delay in processing the loan. They need to keep the interest rate in par with the market rate.It hasn't been a good personal loan experience with them.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 23, 2018
    • ICICI Bank Personal Loan
      "Good loan"
      0.5 4.0/5 "Great!"
      Through the online portal only i got this loan, value of the loan is 5 lakhs, its for 4 year loan, i fell like the rate of interest is ok and every month the EMI for this loan will get auto debited from my account, processing no issues, they also applied and given me the insurance too, they processed it quickly and amount was credited to my account.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 22, 2018
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 2 lakhs and the interest rate was satisfactory . The tenure period was 48 months . The customer service and responses was up to the mark. Its a very quick approval and fats process too. The documentation was smooth and processing fee was better than AXIS BANK.
      Was this review helpful? 15
      , coimbatore
      Reviewed on Aug 21, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank 7 months back. The loan amount was 2.5 lakhs and the interest rate was on a high side . The tenure period was 36 months. The customer service and responses was good. I have uploaded all the documents through net banking so its was quite easy for me. The loan was approve on time.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      Application and website are user friendly, executives also explained about the card and its benefits clearly, there was a proper explanation given, accurate information was given in the website, navigation part is also easy to find the right option.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 14, 2018
    • ICICI Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Documentation and processing was easy, rate of interest can be reduced in further , processing fee as well, when they informed me insurance and the processing fee comes around 6000rs but they have charges more when compared with other banks.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 14, 2018
    • IndusInd Bank Personal Loan
      "AVERAGE SERVICE"
      0.5 2.0/5 "Expected more"
      This loan is taken for 3 years period, as the rate of interest is little high , planned to preclose it but they have informed me that it can be done only after 1 year not before that, already 3 EMIs over, remaining will get auto debited from my account.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Aug 13, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.