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.
Loan Types

Loan Types

Calculator

Calculator

FAQs

FAQs

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Rs. 40,000 to Rs. 55 lakh

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

Check now

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

Coimbatore, known as the “Manchester of South India,” is a major industrial and educational hub in Tamil Nadu. Residents often require financial support for diverse needs such as home renovations, higher education, weddings, travel, or managing medical emergencies. A personal loan in Coimbatore provides quick access to funds without collateral, helping individuals meet these financial goals conveniently.

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Instant personal loan in Coimbatore

  • Looking for quick funds in Coimbatore for a wedding in RS Puram, higher education abroad, or an urgent medical need in Peelamedu? A personal loan in Coimbatore from Bajaj Finserv provides fast access to funds without collateral or lengthy paperwork.


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


    • Check your offer in just 2 steps and apply online to get our loan.
    • Apply online in 5 minutes
    • Receive funds within a day*

Residents can get from Rs. 40,000 to Rs. 55 lakh at competitive interest rates with flexible repayment tenures, anywhere in the city.


Coimbatore, often called the “Manchester of South India,” is a growing hub for textiles, education, healthcare, and manufacturing. With world-class hospitals, IT firms, and a rising startup ecosystem, the financial requirements of its residents are varied.


Whether you are planning a family celebration, meeting urgent expenses, or investing in personal growth, a Bajaj Finserv personal loan agent in Coimbatore ensures quick, transparent, and hassle-free access to funds when you need them.

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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 96 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

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*Terms and condition apply

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Eligibility criteria to get a loan in Coimbatore

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

  • Personal loan eligibility criteria in Coimbatore

    • Nationality: Indian
    • Age: 21 years to 80 years*.
    • Employed with: Public, private, or MNC.
    • CIBIL Score: 650 or higher.

    • Customer profile: Self-employed or Salaried


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

  • Documents required for personal loan in Coimbatore

    • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
    • PAN card
    • Employee ID card
    • Salary slips of the last 3 months
    • Bank account statements of the previous 3 months
    • Piped gas bill
    • Pension order
    • Letter of Allotment of Accommodation Issued by Employer
    • Property / Municipal tax receipt
    • Utility bill
    • Real-time image / photograph

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

When applying for a personal loan in Coimbatore, understanding the interest rates is crucial to manage your repayments effectively. Bajaj Finance offers competitive personal loan interest rates tailored to your eligibility and credit profile.


Interest rates for personal loans typically vary based on factors such as your CIBIL score, income, loan amount, and repayment tenure. For residents of Coimbatore, this means flexible options with transparent charges and no hidden costs.


You can explore detailed personal loan interest rates, along with processing fees and repayment options, to choose a plan that best suits your financial needs.


With a Bajaj Finserv Personal Loan, Coimbatore borrowers can access funds quickly, enjoy flexible tenures, and manage both planned expenses and emergencies without collateral.

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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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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 96 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 96 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

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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