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Loan Amount

1L

Max Tenure

3 years

Best Rate

28% p.a

Processing Fee

2000₹

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 28%
  • Processing fee - 2000₹

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

20K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.1%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

50K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Max Tenure

12 - 16 months

Best Rate

16%

Processing Fee

1%

View Details

Features

  • Loans available for salaried individuals
  • Loans are available from Rs 1,00,000/- to Rs 40,00,000/-
  • Repayment tenures from Min 12 Months to Max 60 months
  • Best in Class Rate of Interest
  • Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.
  • Simplified documentation.
  • Simple procedure, minimal documentation and quick approval.

Pricing

  • Interest rate - 16% onwards
  • Processing fee - 1%

Documents Required

  • Duly filled application form
  • KYC documents (proof of identity and proof of address)
  • Proof of income (Latest 2 salary slips)
  • Last 3 months’ bank statement
  • Identity Proof PAN Card/ Valid Passport/ Aadhaar Card/ Election Card..

Loan Amount

35K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Loan Amount

75K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 36.57%
  • Processing fee - 2%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Max Tenure

5 yrs

Best Rate

12.49%

Processing Fee

1.0%

View Details

Features

  • Pre-approved personal loan offer
  • No collateral required
  • Simplified documentation process
  • Flexible Repayment Options
  • Attractive Interest Rates

Pricing

  • Interest Rate: 12.49% onwards
  • Processing Fee:1.0% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

12 months

Best Rate

14%p.a

Processing Fee

1-2%

View Details

Features

  • Instant approval and same day cash transfer.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • Repayment Tenure upto to 36 Months.

Pricing

  • Interest rate - 14% p.a
  • Processing fee - 1-2%

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement

Max Tenure

NA

Best Rate

14.5%

Processing Fee

2.5%

View Details

Features

  • Loans starting from Rs. 50,000
  • Faster processing
  • Simple and minimum documentation
  • Flexible Repayment Options
  • Doorstep Service
  • Affordable Rates & Charges

Pricing

  • Processing Fee:2.5% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

36 months

Best Rate

14% p.m

Processing Fee

4%

View Details

Features

  • Completely Digital
  • Quick loan processing
  • Less documentation

Pricing

  • Interest rate - 14% to 36%
  • Processing Fees - 4% to 8% of loan amount

Documents Required

    Documents Required - Salaried
  • PAN Card
  • Adhaar Card/ Voter ID
  • 1 Current Address Proof
  • E Bill If rented
  • Last 3 months Salary slips
  • Last 3 months (3 salary credits) salaried bank statement – Alternate statement if OD
  • Scanned copy of cancelled cheque of Salaried Account
  • Additional Documents for Self Employed
  • Last 6 months bank statement – Alternate statement if OD/CC (Both savings and Current Bank account statement required wherever Current A/c is available)
  • Business Registration proof
  • Business Address proof
  • Partnership Deed + Business Registration proof
  • If the registration is in the name if the partnership firm, PAN of partnership and ITR and computation will be mandatory

Max Tenure

6 to 36 months

Best Rate

7.99% p.m

Processing Fee

2%

View Details

Features

  • TAT - 1 day ; Quick Loan Disbursal
  • Rate of interest starting from 7.99% ( reducing rate of interest)
  • No prepayment charges
  • No foreclosure charges
  • Flexible tenure 6 to 36 months

Pricing

  • Interest rate – 7.99% onwards
  • Processing fee – 2-4%

Documents Required

  • Photo
  • Pan card
  • Address proof
  • 3 months bank statement
  • 3 months payslips
  • Form 16/ ITR ( if salary above 62500 per month)

Max Tenure

5 yrs

Best Rate

14.75%

Processing Fee

2.25%

Max Tenure

5 yrs*

Best Rate

11.49%*

Processing Fee

999₹*

Max Tenure

5 yrs*

Best Rate

13.99%*

Processing Fee

1500₹*

Max Tenure

5 yrs

Best Rate

12.99%*

Processing Fee

0.5%*

Max Tenure

4 yrs

Best Rate

17.25% *

Processing Fee

2%

Max Tenure

NA

Best Rate

16%

Processing Fee

2.49%

Max Tenure

5 yrs

Best Rate

13.99%

Processing Fee

2%

Max Tenure

nil*

Best Rate

10.95%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

12.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.70%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.45%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.00%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.20%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.65%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.05%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.99%

Processing Fee

nil*

Max Tenure

5 yrs

Best Rate

15.5%

Processing Fee

2.0%

Max Tenure

NA

Best Rate

1%

Processing Fee

3.0%

Max Tenure

1.6 yrs

Best Rate

18%

Processing Fee

2%

Max Tenure

nil*

Best Rate

23.0%

Processing Fee

2%

Max Tenure

nil*

Best Rate

11.99%

Processing Fee

2.5%

Max Tenure

NA

Best Rate

Processing Fee

2%

Max Tenure

1-5 yrs

Best Rate

10.75%

Processing Fee

2%

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Personal Loan in Coimbatore

Do you live in Coimbatore? Are you looking for a personal loan in Coimbatore and wondering what your options are? Read on!

Personal Loans in Coimbatore

What is a personal loan?

A personal loan is an unsecured loan, meaning you do not have to offer any collateral or security to the bank. There are no restrictions on how you can use the loan amount, unlike an auto or housing loan. You could spend money from a personal loan for anything ranging from home renovation, credit card debt consolidation, a vacation, business expansion, to recover from sudden income loss or a medical emergency. Before approving your loan application, banks do a background check on your professional details, your financial credibility and your credit history to arrive at a solution—whether you can repay the loan or not.

A personal loan is one of the costliest loans in the market. Since it is an unsecured loan, its interest rates could go up to as high as 32% or even more depending on your credit situation. Those who have a clean credit history can get a personal loan in Coimbatore with lower interest rates.

Features of a Personal Loan:

  • Speedy approvals and over-the-counter loan disbursals with some banks, ifyou are an existing customer
  • Speedy processing and less documentation (nil documentation if you are an existing customer)
  • No restriction on the end-use of the loan amount
  • No collateral required
  • Can be used as a debt consolidation tool

Disadvantages of a personal loan:

  • High interest Rate
  • Unfavorable terms and conditions offered to those who are not able to prove their credit worthiness.

Personal Loans in Coimbatore

All major banks and NBFCs offer personal loans in Coimbatore. Popular banks and NBFC’s that offer personal loans in Coimbatore include but is not restricted to: Lakshmi Vilas Bank, ICICI Bank, State Bank of India, Axis Bank, Tata Capital, Fullerton, Bajaj Finance, Punjab National bank, Karur Vysya Bank, HDFC Bank, Standard Chartered Bank, TamilNadu Mercantile Bank, IDBI Bank, Citibank, etc. Avail of the best personal loan offers in Coimbatore if you have a good credit score and a clean credit history.

Personal loans in Coimbatore for salaried, self-employed and business people are available.

Personal Loan in Coimbatore With Low Interest

If you want to avail a personal loan in Coimbatore at low interest rates, then you should have a good credit score and history. Those who have a good credit score are usually the ones offered personal loans at competitive terms.

A credit score of 750 or above is generally viewed as a good score. The entire loan approval process will be quicker and simplified if you have a healthy credit score.

Is it possible to get a personal loan in Coimbatore with bad credit?

The possibility of getting a personal loan with bad credit depends on the severity of your credit situation, and your lender’s policy. It is important to share a good relationship with your existing lender. If you have a high net annual income, then your bad credit score might be disregarded and you might be approved for a personal loan albeit at high interest rates. Keep in mind that you might be asked to pledge collateral as a form of security as well.

It is recommended that you raise your credit score to a healthy number, like 700 or above, so that you can avail of the loan at the best terms and conditions and reduce your monthly EMI outflow.

Eligibility for Personal Loan in Coimbatore

  • Age criteria: The applicant should be between 21 years to 65 years (at the time of maturity of the loan).
  • Salaried, self-employed, and business professionals are eligible to apply. If you are not a regular wage earner, talk to your bank manager about your situation.
  • Minimum salary for salaried people is typically Rs. 15,000 though the salary requirement depends on what tier of city you live in and the company you work for.
  • Should be staying in the same address / city for at least 1 year
  • Total work experience should be at least 2 years
  • Should have a stable employment history

You can check your eligibility for a personal loan in Coimbatore online, on the lender’s website.

Documents Required for Personal Loans in Coimbatore

For salaried / self-employed professionals:

Following are an overview of the documents generally asked while applying for a personal loan in Coimbatore:

  • Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
  • Valid Address Proof – Lease/Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
  • Income Proof Documents – Last 6 months salary slip and latest Form 16
  • Bank Statements: Past 6 months bank statement with salary credit
  • Continuity of employment proof, like offer letter, relieving letter, etc.

For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.

  • Degree Certificate / educational documents for self-employed professionals.
  • Proof of business existence
  • Last 3 years Income Tax returns (self and business)
  • Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
  • Any other documents as directed by the Bank or NBFC

Personal Loan in Coimbatore FAQS

1. What is Personal Loan Interest Rate in Coimbatore?

The interest rate varies with each lender and each customer and depends on various parameters like income, individual credit history and credit score.

2. What is the minimum and maximum loan amount for salaried people?

The loan amount varies from as low as a few thousands and could go up to many lakhs.

3. Do I have to pledge any collateral in order to secure a personal loan?

No collateral or security is required for obtaining a personal loan in Coimbatore.

4. How do I repay the loan?

You can repay the loan amount in convenient EMIs (Equated Monthly Instalments).

5. What is an EMI?

EMI stands for Equated Monthly Installment. It is the fixed monthly amount you need to pay your lender. It includes principal amount as well as interest.

6. I have already availed a loan from my bank. Do I get any offers from my lender for availing a loan from them again?

Yes, if you are an existing customer, you will get additional benefits like an Instant Loan or at the least, a speedy loan approval process and better interest rates.

How to apply for Personal loan in Coimbatore:

There are several ways to apply for a personal loan:

  • You can apply directly online at the bank / NBFC's website;
  • You can go in person to your nearest branch and apply with the required documentation

Need help? Alternatively, if you think you need help with your personal loan application and advice on loan eligibility, then CreditMantri can guide you and match you with the loan offer that best suits your unique credit profile.

Coimbatore Personal Loan - Customer Reviews

4 / 5 (2 Reviews)
18 Dec 2018

Very good

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