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
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
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    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
    13.99% - 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
    11% - 16.49% 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
      "User friendly portal"
      0.5 5.0/5 "Blown Away!"
      The services rendered by Bankbazaar has been good and the overall experience was nice, because I got a lot of options to choose from and the coordination with the banks was also on time. The website is user friendly and very much supportive for any customer who is applying for the loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 24, 2017
    • HDFC Bank Personal Loan
      "Quick response"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank had done a great job for the personal loan application. It is just that I felt it was not necessary to go ahead at that moment and therefore I had cancelled the deal. The services and response was good and the overall experience was on time and smooth. The deal on the interest rate and charges were also pretty normal too.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 24, 2017
    • Bank Bazaar Customer Support
      "Overall good"
      0.5 4.0/5 "Great!"
      The response at Bankbazaar was good and I was contacted on time. The customer services was perfect as they explained all the details to me clearly and processed my information to the banks on time. There were follow up calls too and in all no hassles.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 24, 2017
    • ICICI Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Since I did not receive any call from ICICI Bank. I could not go ahead for the personal loan. I also did not worry much to try contacting them from my end. It was an average experience. Overall the bank is good, just that the process did not work out this time.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 24, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 4.0/5 "Great!"
      When I put a request for personal loan , I got very good response from Bank Bazaar, they have called and confirmed my requirements, and asked which bank I was looking for it and then Bank Bazaar helped me to process my loan with ICICI. I am happy with their service.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 13, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      If ICICI bank had been more responsible, I would have process for the personal loan. But they didn't coordinate well, the bank executive never revert back for loan process. Even though their interest rate was high, I thought to process with them.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 13, 2017
    • Bank Bazaar Customer Support
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I applied for the personal loan in Bank Bazaar at 6 am in the morning. I got a call within 8.30 am I am very impressed with that response. Then they called and guided me to fill the application and also arranged the call from ICICI bank. It is really good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 12, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I got only one call from ICICI and then I didn't get any response from their end, Coordination part was missing though I am an existing customer of the bank they didn't call again to check my requirements. Finally I have arranged money from other source.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got a confirmation that, I am eligible to get a personal loan only through bank bazaar. The customer service and the response is very good with bank bazaar , because I got a immediate call back from bank bazaar customer support. I am with bank bazaar for past 2 years. The web site and the mobile application is really easy to use and user friendly. The service which I get from bank bazaar is really good.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 12, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      Still I haven't got proper reason why my personal loan application got closed with ICICI bank. Initially the ICICI executive gave a call and explained about the product, then they have collected me details after that they told they will give a call back but no one turned up, so that was the reason I haven't got the loan with ICICI bank. The rate of interest is also high with ICICI bank. The ICICI bank need to update the status of the product to the customers.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I had received a good service from bankbazaar on my loan application. Their services are very much approachable and they provided a good customer service too. Their website is kind of easy to handle and it is useful to check all the details about the loan process.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 07, 2017
    • Standard Chartered Bank Personal Loan
      "Interest rate is high"
      0.5 5.0/5 "Blown Away!"
      The reason for not taking the personal loan from Standard Chartered bank is for the interest rate because the rate of interest is higher when compared with other banks. Other than that, I had received good response and good followups from the bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 07, 2017
    • Bank Bazaar Customer Support
      "Wonderful "
      0.5 3.0/5 "Satisfactory"
      Bankbazaar.com have executed the things in an excellent way and I came to know about the site through online services. Customer service offered by Banlkbazaar.com is an excellent one. I got the call from the Bankbazaar.com on an immediate basis after I have made the inquiry.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 03, 2017
    • ICICI Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I had not taken the personal loan from ICICI bank because they have told that I did not meet the terms and conditions to get the personal loan. I would like to suggest that they can be more flexible with the customer, also they need to focus more on the customer perspective too.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 03, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      After I applied at Bankbazaar, I received a call on the very same day. They inquired about my details and processed it quickly to the bank and after which I got a lot of follow up calls too. The website is good and very much helpful and any lay person can access the same.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2017
    • ICICI Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Since the percentage of interest was high at ICICI Bank. I did not go ahead for the personal loan. The rate of interest was around 17% and after I negotiated they were offering me 15.99%. I was looking for 12%. The processing charges was very high.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2017
    • Bank Bazaar Customer Support
      "User friendly"
      0.5 4.0/5 "Great!"
      I have a good relation ship with Bank Bazaar, My existing loan was also taken through Bank Bazaar.com, I have been using it for past one year. Its very simple and easy to navigate the site. I am getting good support and response from Bank Bazaar people on time.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 28, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 2.0/5 "Expected more"
      I have submitted all the documents to the bank finally ICICI bank told me I am not eligible to take personal loan and they closed my loan application. ICICI didn't give clear information about the status of application. It would be great if they improve on the service part.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 28, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I got a newsletter from bank bazaar, through the promotional mails I came to know about bank bazaar. I am with bank bazaar for past 2 to 3 years. I have applied personal loan through bank bazaar web site, it was easy to use and customer friendly. The customer service with bank bazaar helped me to get in touch with the bank partner. It was a good service given by bank bazaar.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 24, 2017
    • IndusInd Bank Personal Loan
      "Very Good service"
      0.5 3.0/5 "Satisfactory"
      The Indusind bank offered me the personal loan with the high interest rate, that was the reason I didn't opt the loan with Indusind. The customer service and the response was good with Indusind. The Indusind bank need to reduce the interest rate to gain more number of customers. It was a very good service given by Indusind bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 24, 2017
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    Coimbatore Personal Loan is Rated as "Great!" by 1053 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 29 Jul 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

    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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