Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Coimbatore Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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 Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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 option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
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  • Coimbatore Personal Loan Reviews

    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      It is easy to track my application through bank bazaar mobile application. The customer support was helpful in regards to my personal loan application. The mobile application of bank bazaar is easy to use and user friendly, I am satisfied with the bank bazaar service.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 17, 2017
    • ICICI Bank Personal Loan
      "Below Average service"
      0.5 1.0/5 "Really Bad"
      The ICICI bank has not fulfilled their promises., Initially they gave call and explained me about the product and they have promised me that they will send their executives to collect my documents , but no one turned up. I would say the service which was given was below average from ICICI bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 17, 2017
    • Bank Bazaar Customer Support
      "User Friendly site"
      0.5 4.5/5 "Excellent!"
      Its very useful to search bank related products and the website also user friendly . I got a call from bank within 2 hours .I will always prefer BankBazaar hereafter for my bank needs. Only drawback is application form has been closed when call is not attended
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 17, 2017
    • HDFC Bank Personal Loan
      "Recommandable prodcuts"
      0.5 3.0/5 "Satisfactory"
      Though I don't have relationship with HDFC they gave me good response, I have reached the bank for the personal loan. They came and collected the documents its under process. HDFC lowers interest among all other banks and processing fee is also nominal as per the market.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "User friendly"
      0.5 4.0/5 "Great!"
      Bank Bazaar is good, as a intermediator website its showcasing the offers in the market. I am really happy with Bank Bazaar service, the response is too much. They called me frequently to check the application status. The site is also good to browse for the financial updates, but I would like to suggest them to give multiple offers in different banks.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "Term and condition should be flexible to all"
      0.5 1.0/5 "Really Bad"
      There was out going loan running with Bajaj finserv because they charged me high rate of interest. So I thought to go with balance transfer with ICICI but they closed the application because they not ready to transfer entire amount. Even I do have salary account with ICICI but they didn't consider it.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Service is Excellent"
      0.5 4.0/5 "Great!"
      Bankbazaar is a very good platform to find people needs at one door step. I recently used this platform, its really good for those who need of financial support. Bankbazaar provides me a good services I expect and the overall services is very good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "All in One head"
      0.5 3.5/5 "Pretty good"
      Your service in finding out the loan details and processing is very super. its a very easy and friendly website to process all types of loan and they provide free cibil score checking that also its very good easy and its easy to use this site and process is also fine.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 16, 2017
    • Bank Bazaar Customer Support
      "Fantastic services"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been good and the overall experience is fine. As a mediator they have done a great job. The process is swift from the moment I registered my details till the end. I got a proper follow up which was helpful and the website is perfect.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 14, 2017
    • ICICI Bank Personal Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank has been excellent in the personal loan process. I received a proper response and the services has been top. The bank has been supportive. I did not go ahead is because I got the funds through another source. The interest rate and processing charges has been nominal too.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 14, 2017
    • Bank Bazaar Customer Support
      "Good Attitude Service"
      0.5 4.0/5 "Great!"
      Bank Bazaar send me regular financial updates through mail, and when I apply for any banking products I am getting immediately calls, they immediately guiding on that process. The application is also easy to choose the metro city to check the eligibility.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 11, 2017
    • ICICI Bank Personal Loan
      "Loan process should be easy and communication to be improved"
      0.5 3.0/5 "Satisfactory"
      ICICI rejected my loan application because I was getting net salary of Rs.23,000 from 27,000 gross amount, apart from that I was getting some incentive. By they not ready to sanction the loan with that net pay, and also my existing home loan was running with PNB housing based on that they have rejected it and there was no proper communication from ICICI end.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Very Clear"
      0.5 5.0/5 "Blown Away!"
      Everything was clear with Bankbazaar. I had received a correct information and the loan process was very proper with them. I am quite satisfied with the services of bankbazaar because they are good in responding to the customers and approachable.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 11, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      Due to mismatch of alternate number, ICICI bank cancelled my personal loan application. At the time I applied for the loan I had got good response from the bank. So there are no issues in terms of customer service. But then they did not provide the loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 11, 2017
    • ICICI Bank Personal Loan
      "Its really a good one"
      0.5 5.0/5 "Blown Away!"
      The main purpose of me applying for a personal loan was for my CHILD education, however the bank has rejected it on the grounds as the local address proof was not available with me. Despite me providing my PAN CARD, AADHAR card they were not okay with that as I am currently staying in hostel even in ESI form they have my address however they are not accepting that.,
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 11, 2017
    • Bank Bazaar Customer Support
      "Easy to navigate and userfriendly"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is a good source to apply for any financial products, earlier also I applied credit card it got successful and I got the card. Again I applied for personal loan, when ever I place any request I am getting good service from them. I normally use Bank Bazaar website its very easy to use.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 10, 2017
    • ICICI Bank Personal Loan
      "Interest and charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      First time I applied ICICI loan through online channel it got rejected, stating my EMI was running with Bajaj Finserv. But already I was closed My loan with Bajaj, I submitted loan statement and NOC to ICICI. Finally my loan got approved with high interest rate, I took the amount 2.28 lakhs for the tenure of four years, for that interest rate is coming around Rs.95,000.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 10, 2017
    • Capital First Personal Loan
      "Good one"
      0.5 4.0/5 "Great!"
      CAPITAL FIRST is actually very good, I was able to get the loan with ease because of the proof and everything was really good that is the reason why I was able to get the loan. The interest rate was on the higher side with Capital first it was approved without any documents in the first place . I had just produced my salary slip nothing much processing is too easy.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 10, 2017
    • Bajaj Finserv Personal Loan
      "Good in Urgency"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv interest was high when compared to bank, they offered me around 25% of interest, but loan process was very fast. Documentation process was quick its highly appreciable. I took the loan of Rs. 1.5 lakhs for tenure of 36 months, still its live without any hassles.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 08, 2017
    • Bank Bazaar Customer Support
      "Good financial advisor"
      0.5 4.0/5 "Great!"
      I am very much impressed with Bank Bazaar service, they giving proper calls and updating the status of application. I appreciate response part as it is awesome, Mobile app is also good to use and its userfriendly without visit bank, could check everything online.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 08, 2017
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    Coimbatore Personal Loan is Rated as "Great!" by 1070 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    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 Aug 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.


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