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Personal Loan
in Coimbatore

  • Loan up to ₹5 Lakhs
  • Minimum Salary Required ₹15K
  • Instant Approval
Apply Now

Apply for personal loan in coimbatore

Get Personal Loan in Coimbatore With Quick Disbursal

Famously called “Manchester of South India”, owing to its bustling textile scene, Coimbatore is one of the major metropolitan cities in Tamil Nadu. Its economy is also driven by software, IT, and business process outsourcing industries. Moreover, Coimbatore is widely known for manufacturing automotive components that feed the car assembly lines of Maruti Udyog and Tata Motors. Teeming with business and employment opportunities, this city is where people work hard to meet the cost of living and gratify their modern needs. Which is why, personal loans in Coimbatore can help in overcoming financial emergencies now and then. The good news is that Hero FinCorp, a personal loan provider in Coimbatore, is leading the way by providing personal loans at low interest rates for the residents here.

We Offer a Wide Range of Personal Loans!

Personal Loan EMI Calculator

The Personal Loan EMI calculator is a handy tool that helps you calculate the EMIs for various loan terms. According to the results, you can decide upon an appropriate loan amount and tenure so that the EMIs do not hurt your budget. Enter your loan amount, interest rate and repayment term for instant results.


Loan Detail

Select Loan Amount

Min ₹ 50,000

Max ₹ 5,00,000

Interest Rate

15 %

Min 15%

Max 35%

Select Loan Repay Duration

12 Months

Min 12 Months

60 Months

Your Estimated EMI

₹ 4477

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:

Adequate Loan Amount:

Hero FinCorp, a personal loan provider in Coimbatore, offers personal loans ranging from Rs 50,000 to Rs 5,00,000 to eligible applicants.

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:

Another reason to avail personal loan in Coimbatore through Hero FinCorp is because you do not need to pledge any collateral. In other words, these loans are approved without you having to offer any security, thereby reducing the processing time and ensuring faster loan approval.

Flexible Repayment Tenure:

Hero Fincorp, a leading personal loan provider in Coimbatore, offers flexible repayment tenures in the range of 12 months to 60 months, which reduces your EMI burden considerably.

Instant Approval:

Personal loans in Coimbatore are not associated with any collateral, and at Hero Fincorp, a top personal loan finance company in Coimbatore, the procedure is designed in such a way that instant approval is initiated right after the loan application and document verification is complete.

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.

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

Proof of Residence

Driver Licence, Passport, Aadhaar Card, Utility Bill

 

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

Proof of Business Existence

Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate

Interest Rates on Personal Loans in Coimbatore

Planning to apply for a Personal Loan in Coimbatore but worried about the total loan cost? Know the applicable fees and charges to be prepared for them financially and mentally. There are a few costs involved.

Fees & Charges Chargeable Amount
Interest Rate Minimum 15%
Processing Fee 2.5% to 3.5%
Part-payment charges NA
Foreclosure Charges 5% + GST
EMI Bounce Charges Rs 350/-

How To Apply For a Personal Loan in Coimbatore?

With Hero FinCorp, you can now apply for an online personal loan in Coimbatore from the convenience and privacy of your home. All you need is a smartphone or laptop with an active Internet connection. Or, you may apply for the personal loan offline by visiting our branch or outlet in person. To understand the detailed process, follow the steps below.

  1. Hero FinCorp lets you apply for a personal loan in Coimbatore in two ways. The first option is online, through Hero FinCorp’s official website, which you can opt for anytime, no matter where you are. The second option is to apply by visiting the nearest branch.
  2. Complete a personal loan application form by filling in some basic details and the reason for availing a personal loan in Coimbatore.
  3. Tag the copies of required KYC records such as residential proof, identity proof, PAN card, and income proof along with a passport size photograph. This can be done either at the time of online submission or offline at the nearest branch.
  4. After the personal loan application is processed and document verification is done, the loan will be sent for approval. You will then need to sign a loan agreement after you agree to the terms laid out by Hero FinCorp.
  5. Post-approval, within a short period, the personal loan amount will be credited to your desired bank account.

Frequently Asked Questions

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