Flexible Repayment Tenure
You can choose repayment tenures from 12 to 36 months to manage your EMIs with ease..
Personal Loan In Coimbatore
Loan up to ₹5 Lakhs
Minimum Salary Required ₹15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get a Personal Loan in Coimbatore Up to 5 Lakh
Famously known as the “Manchester of South India” due to its thriving textile industry, Coimbatore is a major metropolitan city in Tamil Nadu. Its economy also thrives on software, IT, and BPO sectors, along with manufacturing automotive components for Maruti Udyog and Tata Motors. With rising living costs and evolving needs, Personal Loans in Coimbatore can offer timely financial support.
Hero FinCorp, a trusted Personal Loan provider in the city, offers loans with competitive interest rates, flexible repayment tenures, instant approval in 10 minutes, and a minimum monthly income requirement of just Rs 15,000.
Features And Benefits of Hero FinCorp Personal Loan Coimbatore
A top Personal Loan finance company in Coimbatore, Hero FinCorp provides the best features and perks you can think of :
Instant Approval
Get approval within 10 minutes when you apply online through the Hero FinCorp loan app or website.
Adequate Loan Amount
Get Personal Loans ranging from Rs 50,000 to Rs 5,00,000 as per your need and eligibility.
Competitive Interest Rate
We make sure that personal loans in Coimbatore are offered at competitive interest rates, so that both salaried and self-employed borrowers can repay conveniently.
Zero Collateral
Since personal loans are unsecured, you do not need to provide any security or collateral to avail the loan.
Eligibility Criteria for Instant Personal Loan in Coimbatore
To apply for a personal loan in Coimbatore through Hero FinCorp , the following eligibility criteria must be fulfilled.
| Criteria | Requirement |
|---|---|
| Age | Applicant should be between 21-58 years |
| Citizenship | You should be a citizen of India |
| Work Experience | A minimum of one year of work experience is required for eligibility |
| Monthly Income | Applicant should at least earn a minimum amount of Rs 15,000 monthly |
Documents Required to Apply for a Personal Loan in Coimbatore
The documentation requirements are different for salaried employees and self-employed professionals. You must know the exact requirements to stay prepared with the required documents and provide them when needed. You don't need to visit our branch office to submit the paperwork. You can upload scanned copies of the documents necessary to apply online.
Documents Required For Salaried Employee
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Documents Required For Self Employed
Proof Of Photo Identity
Driver’s Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Interest Rates and Charges on Personal Loans in Coimbatore
Planning to apply for a Personal Loan in Coimbatore but worried about the total loan cost? Understand the personal loan interest rate and other applicable charges in advance to stay financially prepared. These few essential costs ensure transparency throughout your borrowing journey.
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges 2. Interest amount paid is non-refundable 3. Processing charges are also non-refundable |
How To Apply For a Personal Loan in Coimbatore?
Here is the stepwise process to apply for an instant Personal Loan in Coimbatore with Hero FinCorp:
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the instant personal loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
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Frequently Asked Questions
The minimum age to apply for a personal loan in Coimbatore is 21 years.
Yes, apply for a Personal Loan in Coimbatore at Hero FinCorp. You will get the best Personal Loan interest rates according to your eligibility, repayment capacity, and credit history.
To apply for a Personal Loan in Coimbatore with Hero FinCorp, you must download the loan app, provide a few details, and upload the necessary documents to begin the application procedure. Once you receive approval and a loan offer, accept it to get disbursal instantly.
The EMI or equated monthly instalment of a Personal Loan depends on a variety of factors like the loan amount, repayment tenure and rate of interest. You can use a personal loan emi calculator online.
Salaried applicants should have a minimum monthly income of Rs 15,000 to be eligible for an instant Personal Loan at Hero FinCorp.
No, salary slips act as a proof of income for a Personal Loan application. It helps lenders assess your repayment capacity. You can provide alternate proof of income like bank statements, Form 16 or income tax returns.
To get a Personal Loan on an urgent basis, you should apply online. You can apply through the Hero FinCorp loan app or website to get approval in 10 minutes.
Some lenders may provide you a Personal Loan even with a low credit score, but you may be offered a smaller loan amount or a higher interest rate.
The Hero FinCorp instant loan app can provide you a Personal Loan at a competitive rate of interest with approval in 10 minutes.
No, documentation is necessary for the Personal Loan application process. However, when you apply with Hero FinCorp online, you do not have to submit physical copies of your document.
Yes, it's possible to get quick approval for a Personal Loan for emergency. You can apply either on the Hero FinCorp website or loan app and get the loan approval within 10 minutes.