Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Coimbatore. They are unsecured loans given from Rs. 50,000 to Rs. 40,00,000 which means that you need not mortgage anything or show an asset. Some reasons for availing a Personal Loan in Coimbatore include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Coimbatore, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Coimbatore. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Coimbatore give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
Coimbatore is the second largest city after Chennai in the state of Tamil Nadu. It is one of the largest producers of cotton and famous for its textile industry. Coimbatore has played a significant role in Indian independence and has gained popularity post-independence. It has seen industrial growth in the past few decades with respect to textile industry, commerce, education, information technology, and healthcare. The city is known as the manufacturing hub of TamilNadu.
Coimbatore is surrounded by the Western Ghat mountain range to the West and the North, with reserve forests of the Nilgiri Biosphere Reserve on the northern side. The Coimbatore urban wetlands harbor around 116 species of birds of which, 66 are resident, 17 are migratory and 33 are local migrants. The spot-billed pelican, painted stork, openbill stork, ibis, spot-billed duck, teal and black-winged stilt visit the Coimbatore wetlands on their migration route.
Coimbatore has a reputation for entrepreneurship. It is a diverse and cosmopolitan city with a taste for art and culture conducting its own music festival every year. Art, dance and music concerts are held annually during the Tamil calendar month Margazhi around September and December.
Coimbatore is an educational hub for south India. As of 2010, the Coimbatore district is home to 7 universities, 78 engineering colleges, 3 medical colleges, 35 polytechnics Colleges, more than 150 Arts and Science Colleges and a large number of schools.
Multiple banks and NBFCs have branches across the vast city of Coimbatore in general. Most provide full service operations in the city with may branches catering to customers with a requirement of personal loans and business loans. Apart from this they also provide the whole bouquet of services including core banking, commercial lending, asset management, investments etc.
We do not take a fee or commission from your amount when you apply for personal loan online in Coimbatore through us. We ensure that you get the best deal for personal loan in Coimbatore by comparing your details against the eligibility criteria of various banks and NBFCs. Check out our different sections on EMI calculator, CIBIL calculator, Eligibility calculator to find out more about how will be able to get the lowest interest rates for personal loan in Coimbatore. We help process requirements in every area across the city of Coimbatore. You can get instant personal loan online approval in Coimbatore provided you meet the right criteria for a bank or NBFC. Every step will completed as per you convenience with documents collected from your doorstep. Personal loan agents in Coimbatore will help you apply with a limited set of banks and might not be able to get you’re the best deal for personal loan. So apply for personal loan online through our site and we will check your ability to get the lowest interest rate for personal loan in Coimbatore.
Eligibility Criteria for Personal Loan in Coimbatore
Age of the applicant should be between 21-60 Years
Salaried individual with minimum income of Rs 15,000. Salary bracket would depend on the city you live in and the company you work for. Eg. If you are in a Metro, the salary requirement will be higher than non-metro and if you are working in a top MNC, the salary requirement would be lesser than one working with a new company.
Should be staying in the city for at least 1 Year
Total work experience should be at least 2 Years
Basic documentation such as KYC, latest bank statements etc are required
Be informed of the different ways your Personal Loan Rate of Interest in Coimbatore is calculated so that you take the right decision when it comes to choosing your loan at the lowest interest rates. Apply below to get started and to know the offers that are available on your Personal Loan in Dec 2018
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