Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Get a Hassle-free Personal Loan in Coimbatore

Coimbatore, the second largest city in Tamil Nadu, is known as a major centre for manufacturing, education and healthcare. Manage your financing needs including education, travel, wedding-related expenses, with a Personal Loan in Coimbatore.

Avail of a collateral-free personal use loan of up to ₹50 Lakh from Poonawalla Fincorp with no end-use restrictions. Enjoy competitive interest rates, no end-use restrictions, simple eligibility criteria and quick loan approval. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Minimal Paperwork
No Collateral
Required
Quick
Approval
No End-use
Restrictions
No Hidden
Charges

Personal Loan EMI Calculator

Plan your Personal Loan repayment using our EMI Calculator. Enter details like loan amount, interest rate and tenure to know the results instantly. Try now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan in Coimbatore

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment Type: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000.

Documents Required for a Personal Loan in Coimbatore

Submit just a few essential documents:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport.
  • Income Proof: Salary slips and bank statements for the last 3 months.
  • Proof of Employment: Official mail ID or Employee ID Card.
  • Address Proof: Utility Bills, Rent Agreement or Passport.

Note: The list of documents mentioned above is indicative. You may need to submit additional documents during the loan processing stage.

Interest Rate and Charges for Personal Loan in Coimbatore

Enjoy competitive interest rates and minimal charges with a personal use loan from Poonawalla Fincorp:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12 – 84 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Personal Loan

  • Financing events or celebrations
  • Renovating your home
  • Funding emergency medical expenses
  • Consolidating high-interest debt
  • Covering education-related costs

Who Can Get a Personal Loan

  • Salaried individuals
  • Salaried Chartered Accountants
  • Salaried doctors
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Check the eligibility criteria
  • Maintain a low debt-to-income ratio
  • Check your credit score
  • Review your credit report regularly
  • Upload the relevant documents
  • Avoid submitting multiple loan applications

Poonawalla Fincorp Branch Address in Coimbatore

Poonawalla Fincorp Limited
Address: 6th Floor, Classic Towers, Trichy Road, Coimbatore, Tamil Nadu - 641018.
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is a Personal Loan EMI calculator?

A Personal Loan EMI calculator is an online tool designed to help you estimate your monthly obligations over the loan tenure. By entering the loan amount, interest rate and tenure, you can know your EMI instantly.

Do all applicants receive the same interest rate?

The interest rates for a Personal Loan from Poonawalla Fincorp start at 9.99%* p.a. However, the actual rate offered to an individual loan applicant varies depending on credit score, repayment capacity, net monthly income, work experience, employment profile, etc. For precise information on the interest rate applicable to you, please reach out to our customer service team.

3. What is the minimum income required to avail of a Personal Loan?

To qualify for a Personal Loan from Poonawalla Fincorp, applicants must have a minimum monthly net income of ₹30,000.