Personal Loan in Coimbatore

Personal Loan in Coimbatore

Check your eligibility for a personal loan in Coimbatore using just your phone and OTP – quick approval, no branch visit required. Get loan amounts from Rs. 40,000 to Rs. 55 lakh with interest rates ranging from 10% and 30% p.a.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

Video

Video

Rs. 40,000 to Rs. 55 lakh

Calculate your EMIs

You may be eligible for a pre-approved offer in Coimbatore

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Enter mobile and OTP | Quick online approval | Get money in a day*

 
 

Key takeaways


A personal loan in Coimbatore offers a convenient way to finance planned and unexpected expenses with a simple online application process. With flexible borrowing options and quick processing, you can access funds without providing any collateral.


  • Loan amounts from Rs. 40,000 to Rs. 55 lakh.
  • Flexible repayment tenure from 12 months to 108 months.
  • Competitive interest rates from 10% and 30% p.a.
  • Quick approval with disbursal within 24 hours*.
  • No collateral required and minimal documentation.
  • Check your pre-approved offer using your mobile number and OTP.

Apply for a personal loan in Coimbatore through a 100% digital process and manage your loan conveniently using the online My Account portal.

Instant personal loan in Coimbatore

Looking for quick funds in Coimbatore for a wedding, higher education, home renovation, travel, or a medical emergency? A Bajaj Finance Personal Loan in Coimbatore offers a convenient way to meet planned and unexpected expenses without collateral or lengthy paperwork.


Coimbatore, known as the "Manchester of South India," is a leading industrial, educational, healthcare, and manufacturing hub in Tamil Nadu. As the city continues to grow, residents often require financial support for home improvements, higher education, weddings, travel, business needs, and medical expenses.


You can also check if you have a pre-approved offer online. The process is completely digital with no branch visit required.


Check your offer in just 2 steps → Apply online in 5 minutes → Receive funds within 24 hours*.


With loan amounts ranging from Rs. 40,000 to Rs. 55 lakh, competitive interest rates, and flexible repayment tenures, a Bajaj Finance Personal Loan in Coimbatore helps you manage your financial needs with confidence.

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Features and benefits of personal loan in Coimbatore

  • Pre-approved offers

    You can check if you have a pre-approved offer for a personal loan in Coimbatore with just your phone number and OTP – no need to visit the branch.

  • Disbursal in a few hours*

    Once approved, receive the loan amount in your bank account within 24 hours* to cover urgent financial needs.

  • Flexible repayment tenure

    Repay your personal loan over a tenure of up to 108 months. Choose an amount from Rs. 40,000 to Rs. 55 lakh based on your requirement.

  • Minimal documents needed

    Apply for a personal loan in Coimbatore with just a few basic documents. No complex paperwork – only quick and simple verification.

  • Quick online approval

    Apply online on your personal loan application in Coimbatore with a fully online, hassle-free process.

  • No collateral required

    Get a completely unsecured personal loan in Coimbatore without pledging any asset or providing a guarantor.

  • Online loan management

    Track your loan status, view repayment schedules, and download statements anytime through our customer portal, My Account.

Our personal loan branches in Coimbatore

Personal Loan In AvinashiPersonal Loan In Palladam
Personal Loan In Race Course RoadPersonal Loan In Sulur

 

*Terms and condition apply

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Eligibility criteria for a personal loan in Coimbatore

You can easily get the funds you need in Coimbatore with the below criteria:

  • Personal loan eligibility criteria in Coimbatore


    NationalityIndian
    Age21 years to 80 years
    Employed withPublic, private, or MNC.
    CIBIL Score650 or higher.
    Customer profileSelf-employed or Salaried

    *You should be 80 years* or younger, at the end of the loan tenure.

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Documents required for personal loan in Coimbatore

Documentation requirements for a Bajaj Finance Personal Loan are minimal. Five document categories are required at the time of application:


Document CategoryAccepted Options
KYC proofAadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
Identity proofPAN card, Real-time image / photograph
Employment proofEmployee ID card, Letter of Allotment of Accommodation Issued by Employer
Income proofSalary slips — last 3 months, Bank account statements — last 3 months
OthersPension order, Utility bill, Phone bill, Piped gas bill, Property / Municipal tax receipt


 

Know more about the personal loan documents required during application.


Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

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Personal loan interest rates in Coimbatore

The interest rate on an online loan app in India varies depending on factors such as your credit profile, income, loan amount, and repayment tenure. Along with the interest rate, borrowers should also review the applicable fees and charges before applying. The table below highlights some of the common charges associated with a personal loan. For the complete schedule of charges, please refer to the existing personal loan interest rates, fees and charges page.


ChargesDetails
Interest rateUsually ranges from 10% to 30% p.a. , depending on eligibility and lender policies
Processing feeUp to 3.93% of the loan amount (inclusive of applicable taxes).
Loan tenureTypically ranges from 12 months to 108 months
Bounce chargesRs. 700 to Rs. 1,200/- per bounce
Prepayment/foreclosure chargesUp to 4.72% (Inclusive of applicable taxes)
Stamp duty (as per respective state)Payable as per state laws and deducted upfront from loan amount
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How to apply for a personal loan in Coimbatore

  • Step-by-step guide to apply for a personal loan

    1. Click on ‘CHECK ELIGIBILITY’ on this page.
    2. Enter your 10-digit mobile number and the OTP sent to your phone.
    3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
    4. Now, click on ‘PROCEED’ to visit the loan selection page.
    5. Enter the offer or loan amount that you need. Choose from our three personal loan variants.
    6. Choose the repayment tenure and click on ‘PROCEED’.
    7. Complete your KYC and submit your application.

Our representative will contact you for further steps.

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What can you use a personal loan for in Coimbatore?

A Bajaj Finance Personal Loan in Coimbatore can be used to manage a wide range of planned and unexpected expenses. Whether you apply online or seek guidance from a personal loan agent in Coimbatore, the loan offers the flexibility to meet your financial requirements.


  • Home renovation and repair expenses.
  • Wedding and other family celebrations.
  • Higher education and skill development.
  • Medical emergencies and healthcare costs.
  • Travel and holiday expenses.

The loan can be used for multiple personal purposes, giving you the flexibility to manage expenses without providing any collateral.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Compare loan variants

What are the uses of Personal Loan
 

What are the uses of Personal Loan

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

Instalment

Interest-only EMIs for the initial part of the loan tenure. EMI applicable only on the withdrawn amount

Tenure

Initial tenure: Up to 36 months, Subsequent tenure: Up to 72 months

Annual maintenance charges

Up to 0.472% (Inclusive of applicable taxes) of the Dropline limit during Initial Tenure. Up to 0.295% (Inclusive of applicable taxes) of Dropline limit during Subsequent Tenure

Part-prepayment facility

No part-prepayment charges

Flexi facility charges

Nominal Flexi facility charges applicable

Loan amount

Rs. 40,000 to Rs. 55 lakh

Disbursal

Withdraw and prepay conveniently from your sanctioned loan limit

Instalment

Fixed EMIs that cover both the principal and interest on the withdrawn amount

Tenure

12 months to 108 months

Annual maintenance charges

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.

Part-prepayment facility

No part-prepayment charges

Flexi facility charges

Nominal Flexi facility charges applicable

Loan amount

Rs. 40,000 to Rs. 55 lakh

Disbursal

Withdraw and prepay conveniently from your sanctioned loan limit

Instalment

Fixed EMIs that cover both the principal and interest

Tenure

12 months to 108 months

Annual maintenance charges

Not applicable

Part-prepayment facility

Up to 4.72% (inclusive of applicable taxes) of the principal amount of loan prepaid on the date of such part-prepayment.

Flexi facility charges

No Flexi facility charges.

Loan amount

Rs. 40,000 to Rs. 55 lakh

Disbursal

Single disbursement of the loan amount

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

Credit guarantee scheme feeUp to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount
Credit guarantee scheme renewal feeUp to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year.
*Renewal Fee to be collected only for 3 subsequent financial years.
 
**If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000