Personal Loans in Coimbatore

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

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