Personal Loan (Coimbatore)

Get Personal Loan with FinBucket Loan in just 10 minutes

Personal Loan?

Personal loan is a type of an unsecured loan. It helps to meet a person’s current financial needs. No need of any security/collateral while availing it. Personal loan gives you the flexibility to use the funds as per your convenience and need.

if someone need instant cash and can be used for travelling, wedding,medical emergency,home renovation,or anything else, you can then simply get your hand on personal loan and you are ready with the money in your pockets.

Personal Loan in Coimbatore

It is the second-largest city in the state of Tamil Nadu, which is one of the fastest-growing cities for textile, industry, commerce, education, etc. based on the growth of the city banks and financial institutions are very much interested in providing personal loans.

A personal loan is easily available in Coimbatore in any bank or financial institution. The range which it provides is of rs.25, 000 to rs.25, 00,000/-. It is an unsecured loan so no mortgage is required. This loan is been provided to the consumer instantly and hence is most preferable. Documentation requires a minimum period of time with the minimal processing time for the loan disbursement. It helps you in saving money as the rates differ from credit cards. This loan is usually taken for medical emergencies, education, travel, and home renovation. It is the most flexible form of loan that can be used for any purpose. Any emergency work can be sorted in with this type of loan as it is immediate. You can even secure your personal loan on your credit history and financial background within a time period of 48hours.

You need to have a good credit score for a low-interest rate. To work in with the factor of low-interest rate you need to have your credit history, monthly salary details and the reputation of the company you work are the other factors to be considered. It is available for the person who is earning more than rs.20, 000/- per month. Your company is listed with a bank that will put a plus point in your bag but which is certainly not necessary. To prove the credentials of your financial statement, you need to put on record the last slips of your salary and put on your salary account record. Other documents will be Adhar card, PAN card, any other address proof. In some banks, your agreement on the tenure of work is also been considered along with your work experience.

Personal Loan- Eligibility

There are various banks and NBFC’s which offers personal loan to all applicants fulfilling their basic eligibility criteria. Different banks have different eligibility criteria.

Most of the banks and NBFC’s have common criteria for individuals requesting a personal loan which include:

Category Self-Employed Salaried
Age 28 years to 65 years (25 years for doctors) 23 years to 58 years
Income
  • Minimum turnover of Rs.40 lakhs for non-professionals
  • Minimum turnover of Rs.15 lakhs for professionals
Rs.17,000 (Rs.25,000 for metro cities)
CIBIL Score Above 750 Above 750
Loan amount 75 k(Min)- 15 Lakh (Max) 75 k(Min)- 20 Lakh (Max)

Documents required for Personal Loan

Each bank and NBFC has different documentation criteria for the personal loan. These are the common documents which is required by most of the banks and NBFC’s for individual requesting a personal loan include:

Documents for Salaried Individuals: Documents for Self-Employed:
Proof of Identity: Passport, Driving License, Voters ID or PAN Card Proof of Identity: Passport, Driving License, Voters ID or PAN Card
Proof of Residence:-Passport or utility bills Proof of Residence:-Passport or utility bills
Latest 3 months Bank Statement of Salary Account Income proof: Audited financials for the last two years.
Salary slips for the last 3 months. Last 6 months Bank statement.
Office address proof

How to apply for Personal Loan

In 4 steps you can easily apply for personal loan in no time

  • Firstly, you have to fill a simple application form that will demand your basic personal information given on the site.
  • We already have a coordination with 30+ banks/NBFC to get your application to them.
  • Compare interest rates on your own and choose the best one for you.
  • We will send you an e-approval that your loan application is accepted within 24-48 hours and the amount will be credited to your account.
Apply
Fill the simple application form

Coordinate
We are coordinating with 30+ banks / NBFCs to get your application.

Rates
We get the best rates for you.

Approval
Loan is approved and amount credited.

Personal Loan Interest Rates Table

Bank Name Interest Rates
SBI 12.5% to 16.5% p.a.
ICICI 11.59% to 18.49% p.a.
Axis Bank 15.50% to 24% p.a.
HDFC Bank 15.75% to 20% p.a
Citibank 14.25% to 19.99% p.a.
Standard Chartered 11.99% to 17% p.a.
TATA Capital 13.99% to 17.5% p.a.
Oriental Bank 11.20% to 12.95% p.a.
Capital First 13% to 18.45% p.a.
Indusind Bank 11.25% to 26% p.a
Fullerton India 21% to 40% p.a.
Kotak Mahindra 11.5% to 24% p.a.
Aditya Birla 14% to 16% p.a.

Testimonials

Some of our Awesome Testimonials

“I had to just fill my personal loan form at FinBucket. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me.”

Nitin Bhatia, COO,
CaterWow Private. Limited

“I had taken loan for the first time online. Instant assistance and patience from team FinBucket helped me apply and get loan easily at Coimbatore.”

Shikha Bhatia,
Founder, Shiksha Learning Academy

“I am very satisfied with the services and business relation with FinBucket. It was easy and simple to get any information regarding loan in Coimbatore.”

Gaurav Saini
Software Engineer at Manhattan Associates