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    We found 35 Coimbatore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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 100% PAPERLESS APPROVAL
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 20.75% 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
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    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.1,000 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
    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 100% PAPERLESS APPROVAL
    What you'll love
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    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
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    Perks
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    Eligibility Criteria
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher
    What you'll love
    Documents
    Perks
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    Good to Know
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    Customer Reviews
    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
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    Perks
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  • Coimbatore Personal Loan is Rated as "Great!" by 1241 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 22 May 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

    • Capital First Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Capital First and my loan experience was good, the loan amount was for Rs 1 lakh with high interest rate when compare to all other sources. Customer service was good and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 17, 2018
    • ICICI Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with ICICI bank and the loan experience was good, the loan amount was for Rs 1 lakh with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. The tenure of this loan is for 1 year.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 11, 2018
    • ICICI Bank Personal Loan
      "Not Easy to Get Loan"
      0.5 3.0/5 "Satisfactory"
      They rejected my loan due to payslip. I have applied the loan for Rs. 3 lakhs. In my company they wont provide the payslip. I got a proper customer service experience from them. Anyway, My expectations are not met. Tenure : 5 years. Interested rate: 14%. EMI : 11000 k. In SBI they are offering Personal loan without payslip. In ICICI payslip is must.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 06, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      BANK BAZAAR is a one stop solution for all the financial products . The customer service and responses was up to the mark. I use their website which has many option and its user friendly . The web portals accuracy and speed is good . I have tried using the tools like credit score and EMI calculator .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 24, 2018
    • ICICI Bank Personal Loan
      "Need to improve"
      0.5 2.5/5 "Just OK"
      I have my personal loan was taken with ICICI bank. The loan mount was 85,000 and the interest rate was 10,5% which is average . The customer service and responses was really good but the process was not convenient since I had to submit all the documents physically. They have a month of time for the whole process.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 24, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service is average with the bajaj finserv. I have got the loan from the BAJAJ around 2 years ago. The customer support service and the response is good with the bajaj and they give good response to the customers. The rate of interest and the charges are average with the bajaj finserv.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 03, 2018
    • Capital First Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have got the personal loan from the CAPITAL FIRST around a 8 months ago. The customer support service is good with the Capital First. After approaching them for the loan, they have disbursed the loan amount within 12hours time. The rate of interest and the charges are average with the CAPITAL FIRST loan services.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 03, 2018
    • Bank of India Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BANK OF INDIA 1 year back. The loan amount was 11 lakhs and the Interest rate was satisfactory . The loan process was very smooth and easy. The loan was approved on time and they have provided door step service for collecting documents.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 27, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The personal loan service was good with the HDFC bank, their executives came to place to collect the documents on time and they helped me to get the loan in processed way. The loan disbursement took time from the HDFC bank. The required loan amount has not approved and they have additional fee and charges .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 15, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Bank bazaar is good platform for all financial products .The customer service and responses was up to the mark.The website is user friendly and easy to navigate . The web portal's accuracy and speed is good. My overall experience was very good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 15, 2018
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI bank.The loan amount was 1 lakh and the Interest rate was 16.25% which is very high than other bank.The loan process was smooth and hassle free .They have provided door step service for collecting documents . My overall experience was good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am very happy with the bank bazaar because the process was very simple to apply a personal loan. They provided an immediate response compared to banks. The customer service was satisfactory. I logged into the website through promotional emails.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 12, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I took my personal loan with HDFC Bank and am very much satisfied with their service. The rate of interest was 15.64% which can be reduced. They deducted 10K including processing fee, insurance and other charges. I have applied for 2.10L and received 1.98L.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 12, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got the immediate response from the bank bazaar team in regards to any kind of queries . They will keep on maintain the follow up with the customers. I know bank bazaar for more than a year. I use the bank bazaar website while applying for the loan, the user interface is good to use.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 09, 2018
    • ICICI Bank Personal Loan
      "Need to be quick and fast"
      0.5 3.0/5 "Satisfactory"
      The ICICI bank took higher than normal time to disburse my personal loan amount, they took around 45 days of time to approve my personal loan application then over all they took around 50 days to disburse the loan amount. The customer support is not up to the mark with the ICICI bank. I tried reaching them several times but it was not possible.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 09, 2018
    • review Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal with Muthoot finance,the loan amount is 2.20 lakhs,they have approved as promised,i did not get my interest rate information and tenure details as yet.I had submitted documents directly at the branch they were prompt in responding and had processed immediately.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Feb 09, 2018
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Interest rate with the Fullerton was around 21% for the personal loan, which could be get increased, also I dont have other to go option. I would like to say that the customer service was good. Response was also good too with the Fullerton.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 24, 2018
    • Standard Chartered Bank Personal Loan
      "Recommedable bank"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from STANDARD CHARTERED BANK. The approved loan amount was 4 lakhs with a rate of interest of 11%. The total tenure period was for 5 years. Executive came to my place to collect the documents. Documentation process also went well.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      As I'm a long time customer with HDFC bank they offered me a personal loan which I have accepted it and availed it. HDFC bank offered me this personal loan with around 14% as rate of interest. There was some processing fees but I don't remember it. Loan got disbursed immediately like within a week or so. The documentation was hassle free as I'm a salary account holder with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 21, 2017
    • Bank Bazaar Personal Loan
      "mass guys "
      0.5 5.0/5 "Blown Away!"
      its good and easy and he is contact and approving proces is good.he is speaking its good .he is approching is good he is speed procesing for customer and customer also satified its good bank bazaar.com super and mass peoples are working all the best
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 18, 2017
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