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Introduction to Personal Loans in Coimbatore

Coimbatore is located in the heart of Tamil Nadu. The city is popular for its flourishing industries and natural beauty. It also carries a rich cultural heritage, varied population and artistic culture. It’s a city that fulfils dreams for many.

It's a bit difficult to survive in this city with a nominal income. To fulfil your needs, you can opt for a personal loan. lendingplate offers instant personal loan in Coimbatore at low interest rates.

Whether you are planning to get your child married, want to buy a laptop or it’s a medical emergency, we offer you a personal loan which fulfils varied purposes. You can go to the lendingplate website and apply for an instant personal loan in Coimbatore. The Loan amount can range from ₹10,000 to ₹2.50,000, with a repayment tenure ranging from 3 to 15 months.

Personal Loan EMI Calculator

Want to plan your payments with our personal loan EMI calculator monthly? Get clear numbers in seconds to make smarter borrowing decisions.

Amount
25000
Duration
12 M
Interest Rate
36 %
Monthly EMI

₹2512

Total Interest ₹5144
Total Amount ₹30144

Features and Benefits of Personal Loans in Pune

If you are looking for an instant loan in Coimbatore, then lendingplate is the best option. A personal loan from lendingplate comes with a lot of benefits. This reduces your overall financial burden. Let’s have a look at the top features of instant personal loan in Coimbatore:

Digital Process

The entire loan process is online, and you don’t have to visit any physical branch. You can complete the loan process online in 10 minutes.

No Collateral

We offer collateral-free loans. You don’t have to provide any security for an instant cash loan in Coimbatore.

Multipurpose Loan

Whatever the purpose, at lendingplate you can get a loan as per your needs. Whether it's education, wedding or travel, we have the best offer for you.

Instant Approval

If the applicant fulfils all the eligibility criteria for a personal loan, then the loan will be approved quickly. The funds will be credited to the bank account within 24 hours.

Affordable EMI

We don’t want to burden you with high instalments. Hence, we offer affordable EMIs which reduce your financial burden.

Eligibility

Getting a loan depends on meeting basic conditions that show you can repay. We check these factors to approve your loan application quickly and without trouble.

  • Age above 21 years
  • Monthly income of at least ₹20,000
  • Indian citizen living in Bangalore
  • Regular employment or business
  • Active bank account for transactions
  • A good credit history is always appreciatable

 

Documents

We keep paperwork simple so you get your personal loan in Bangalore faster without delays. These documents help us verify your details and process your application right away.

  • Identity Proof (Aadhaar Card / PAN Card / Voter ID / Driving License)
  • Address Proof (Aadhaar Card / Utility Bills / Rent Agreement)
  • Income Proof (Salary Slips / Bank Statements / Form 16 / ITR)
  • Photograph (Recent passport photo)
  • Bank Account Statement (Last 3 months)
  • An email ID and a valid phone number

How to Apply for a Personal Loan in Coimbatore?

  1. Check Loan Eligibility

    When you decide to apply for an instant personal loan in Coimbatore, you will need to check your loan eligibility. You can go to the lendingplate website and get it checked.

  2. Initiate the Application

    If you are eligible for the personal loan, then you can initiate the application online. Fill up the basic details in the online form and submit it.

  3. Upload Necessary Documents

    Once you have initiated the loan application, the next step is uploading documents. You will need to upload the necessary documents for verification.

  4. Verification

    We have a specialised team of experts who review your loan application. After reviewing it will be decided whether to approve the loan or not.

  5. Loan Approval

    If you meet the necessary requirements, have a good credit score, and all documents are legit, then your loan will be approved.

  6. Fast Disbursement

    After the loan approval, funds will be credited to your bank account within 24 hours.

Interest Rates and Charges on Personal Loans in Vadodara

We at lendingplate maintain complete transparency with our interest rates as well as other charges mentioned below –

Charges Details about the Charges
Processing Fee 1% - 5% of loan amount
Conversion Fee 1 - 5% of the amount
Interest Rate 12% - 36% per annum
Foreclosure 5% of the amount [Nil when prepaid on or after your]
Mandate Return Fee 500/- [inclusive of GST]

lendingplate’s Personal Loan Available Across India

Frequently Asked Questions

You need to have a minimum income of ₹20,000 to apply for a personal loan in Coimbatore.

A minimum credit score of 750 is required to get an instant personal loan in Coimbatore.

If you fulfil all the requirements, then your loan will be approved and disbursed within 24 hours of application.

If you miss out on paying any EMI on time, then you will face penalty charges. This will negatively impact your credit score. Due to this, you will face difficulty in getting loans.

There are specific scenarios which allow you to claim tax benefits for personal loans. For example, if you opt for a personal loan for home renovation, home construction, education expenses, or starting a business, then you can claim tax benefits.

NRIs are not eligible for personal loans in Coimbatore.

The maximum loan you can get from lendingplate is ₹2.50 lakhs.

To check the eligibility of a loan, one can refer to the eligibility criteria set by the lender. One can also use a personal loan eligibility calculator to check loan eligibility.

Personal Loan as per Budget

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Personal Loan as per Salary

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Instant Personal Loan For Various Purposes

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