Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Coimbatore Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    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
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    14.99% - 14.99% 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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    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    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
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    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
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    Perks
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    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
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    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.25% 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
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    Perks
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    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    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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    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Coimbatore Personal Loan is Rated as "Great!" by 1260 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 21 Jul 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

    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 78000 with nominal interest when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 18 months.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from Hdfc bank . The rate of interest is promising one which is too nominal. They gave tenure of 3 years . I make the payments through Ecs . They did instant approval for documentation and approval with in 1 days with zero processing fees .Am satisfied with their customer service and response
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 11, 2018
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 40,000 and the interest rate was very high . The tenrue period was 24months .The customer service and responses was up to the mark. The documentation process was good but the interest rate which they have said before the process was bit low than the given interest rate . The processing fee was also high .
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 05, 2018
    • Axis Bank Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with AXIS Bank 2 months back. The loan amount was 3 lakhs and the interest rate was satisfactory and the tenure period was 5 years. The customer service and responses was very quick. The documentation was also very smooth.The processing fee was also nominal.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My experience was really good with BANK BAZAAR . The customer service and responses was up to the mark. I have used their mobile application which is very user friendly and easy to navigate. The web portal's accuracy and speed is good so its recommendable.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 05, 2018
    • ICICI Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have approached ICICI bank for my personal loan . The customer service and responses were not up to the mark. They have called once and said that they will start my documentation process for the loan but later the executive didn't come for the process which was disappointing so i have taken the loan with AXIS Bank. I was looking for 3 lakhs loan amount and my overall experience was not good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 04, 2018
    • Bajaj Finserv Personal Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      The process in getting the loan has been easy and smooth and the loan amount which they had given had been satisfactory. But the interest rate with them has been little high. I had taken this loan for marriage purpose. There has not been any issues faced with the banking services.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have recently started using the service of Bank Bazaar and the process through them has been simple and easy. It should be really appreciable with the service of them as they had been providing a wonderful service. I had been using the website of them and it has been easy and the customer support of them also had been very good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Tata capital Personal Loan
      "Should improve processing time"
      0.5 3.0/5 "Satisfactory"
      The process in getting the loan has taken more than the usual as it has taken 35 days in getting the loan amount. I had directly went to them for submitting the documents where they had not been collecting it on doorsteps. I have taken this loan for a medical emergency.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Citibank Personal Loan
      "Documentation process has to improved"
      0.5 2.0/5 "Expected more"
      I have applied a personal loan in CITI bank. They have rejected the loan due to address proof. I have given my company id proof as address proof. They have Government address i said i don't have the current address proof with me. They have done a documentation through phone calls. Actually i have applied the loan around 1.5 lakhs and they have offered me a interest rate of 11.25%. Any way i will recommend this bank to my friends.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 29, 2018
    • Fullerton Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Fullerton and the loan amount got disbursed within seven days of time. I am happy with them till now, also I have not faced any such issues as such. There are no hindrances with them till now.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 29, 2018
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 2.5/5 "Just OK"
      I have applied a loan in bankbazaar website about 2 to 3 times. The rate of interest was high in bankbazaar website compared to other banks. The bankbazaar customer care given me a proper response. I used to check about different financial products.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 27, 2018
    • ICICI Bank Personal Loan
      "Better loan"
      0.5 3.0/5 "Satisfactory"
      I have taken this personal loan about a month. They have sanctioned the loan on time. The documentation process was simple. I have got a loan within 1 week. I have applied the loan amount of Rs. 5 lakhs. They have offered me a interest rate of 11.5%. I used to pay the EMI of Rs. 11000 every month. They used to auto deducted money from my account
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 27, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a loan from the Bajaj Finserv for 60000, The interest rate is high when comparing with other financial institutions, Application was easy. I got the loan with in 2-3 days. Overall it has been a good experience with the Bajaj Finance. They should keep their interest rate in par with other banks in the market.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 21, 2018
    • ICICI Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI bank and the experience was good, the loan amount was for Rs 2 lakhs with high interest rate of 15.5%. The process was quick and i received my loan amount on time. I paid Rs 12000 for insurance and the tenure period for this loan is 48 months.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • RBL Bank Personal Loan
      "Bad Experience with RBL"
      0.5 1.0/5 "Really Bad"
      I took the Personal in RBL bank. I went to the bank directly to pre-close the loan there is no proper response from the people who is working over there. It is been 1 month till i closed the loan but Still i dint get my loan closure certificate. Very poor services. There is a good customer care but things not done by them whatever i expect from them.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jun 06, 2018
    • Bank Bazaar Personal Loan
      "Very helpful for all banking needs."
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is very helpful to get the personal loan. I can able to find the alternative and the put me to the right bank to get my loan. The follow up are perfect. Through some online pop up advertisement i came to know about bankbazaar. I'm not a frequent user of bankbazaar.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 06, 2018
    • Kotak Personal Loan
      "Normal Banking Services. "
      0.5 4.0/5 "Great!"
      They have process of transferring the POS is there which is not available in other banks. Most of the banks don't have balance transfer is not available. I have got a loan of Rs. 17 lakhs. I have directly talk with sales manager and documentation process. If i any issue, then i have to check with Kotak Bank. Then only i came to know about their actual customer care.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 06, 2018
    • review Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a personal loan of 4 lacs from the BAJAJ Finance. Their Interest rate is very high which is 14.5 % Monthly. I pay 145000 per month as EMI. The tenure of this loan is 3 years. The Application process documentation was easy. I got the loan amount with in three days.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 02, 2018
    • 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
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