Personal loans in Coimbatore are offered @ 10.25% p.a. onwards, for loan amounts of up to Rs 40 lakh and tenures of up to 5 years. Public Sector Banks may provide personal loans at interest rates lower than that offered by Private Sector Banks and for longer tenure. Pre-approved instant personal loans are also offered to select customers.
Personal Loan Features
- Personal loan interest rates usually start from 10.25% p.a. onwards
- Loan tenure is mostly up to 5 years; may range up to 7 years for some lenders
- Loan Amount- Up to Rs 40 lakh
- Processing Fees- Up to 4%
- Only for personal use, other than speculation
- Pre-approved personal loans to select customers
- Instant loan disbursal
- No collateral security
Income Requirements
Minimum Monthly Salary should be Rs 15,000 or more
Eligibility for Personal Loan in Coimbatore
- Minimum 21 years of age
- Indian nationals
- Credit Score: 750 and above can improve the chances of availing personal loan and at lower interest rates
- Salaried employees, self-employed professionals, self-employed non-professionals, public and private sector employees, State/Central/Local government employees
Documents Required for Personal Loan in Coimbatore
- Application form with photographs attached
- Identity Proof- PAN Card/ Voter ID/ Driving License/Aadhaar Card/ Passport
- Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
- Address Proof- Aadhar Card/copy of ration card /Voter ID/Driving License/ Passport/electricity bills/gas connection bills
- Form 16/ITR for last 3 years
- Bank account statement for past 6 months
- Salary slips for last 3 months