Personal Loan Agents in Coimbatore

Welcome to Grow Associates, your key to getting the personal loan you need in Coimbatore. From the start, we've done more than give out loans. We've helped people and families achieve their goals and make big things happen. We've handed out 500+ personal loans in Coimbatore and worked closely with top banks like SBI, Kotak, HDFC, and other lenders. Contact us for how we make getting a personal loan easy and worry-free.

Personal Loan – Schedule of Charges in Coimbatore

Following Schemes are popular in Coimbatore. The details are sourced from the official site.

Nationalised Bank - SBI

SBI Xpress Credit Personal Loan Details

• Loan Amount: Up to ₹30 lakhs.
• Interest Rates: Low-interest rates (specific rates not provided in the summary).
• Interest Calculation: Interest on daily reducing balance.
• Processing Charges: Low processing charges.
• Documentation: Minimal documentation required.
• Hidden Costs: Zero hidden costs.
• Security/Guarantor: No security or guarantor required.
• Provision for Second Loan: Yes, there is a provision for a second loan.

This loan is available to salaried employees having salary accounts with SBI. It offers quick approval and instant disbursal with minimal documentation for various personal needs, such as weddings, vacations, unplanned emergencies, or planned purchases.

For Private Bank - HDFC

HDFC Personal Loan Details

• • Loan Amount: Up to ₹40 Lakh.
  • Interest Rates: 10.75% to 24.00% (Fixed Rate).
  • Processing Fees: Up to ₹4999 + GST.
  • Tenure: 03 Months to 72 Months.
  • Documentation: No documents for pre-approved personal loans. For non pre-approved loans, the last 3 months' bank statements, 2 latest salary slips, and KYC documents are required.

• Special Offers:

• • Instant Disbursal for pre-approved customers.
  • Minimum paperwork.
  • Special rate for Government Employees.
  • Loan transfer at lower EMI.

HDFC Bank offers a quick and easy application process for personal loans, with eligibility checks available online or at select branches. The bank provides funds within 10 seconds for pre-approved customers, while other customers can expect loan disbursal within 4 working days, subject to documentation and verification as per the bank's requirements.

For NBFCs - Aditya Birla

Aditya Birla Capital Personal Loan Details

• • Loan Amount: Up to ₹50 lakh.
  • Age Criteria: Available to all salaried individuals from ages 23 to 60.
  • Interest Rate: Fixed rate of interest (specific rates not provided).
  • Tenure Options: Flexible tenure options up to 7 years.
  • Repayment Options: Through ECS/NACH.
  • Security/Collateral: No security or collateral required.
  • Co-applicant: Applicants can club the income of a co-applicant to enhance eligibility.
  • Interest Rate Stability: Interest rates remain unchanged throughout the loan tenure.

• Documentation Required:

• • Last three months' salary slips from the date of application.
  • Last three months' bank statement.
  • KYC documents as requested.
• Features:
  • Flexible Repayment: Offers flexible repayment options to suit your financial situation.
  • No Physical Documentation: Requires minimal documentation, making the application process streamlined and reducing paperwork.
  • Insurance Option: Provides the option to insure your personal loan with a low premium.

Aditya Birla Finance Limited (ABFL) offers personal loans designed to meet various personal needs, from consolidating debt to covering medical emergencies, purchasing household or electronic goods, funding children's education, wedding expenses, home improvement, and travel. Here are the key details:

Minimum Eligibility Criteria for Personal Loan in Coimbatore:

Age Requirement: Applicants must be between 21 and 60 years old.

Employment Status: Must be employed or self-employed with a stable source of income.

Minimum Income: A minimum monthly income threshold, typically around ₹15,000 to ₹20,000, may apply.

Work Experience: Salaried individuals should have at least 1-2 years of work experience, with some months in the current organization.

Credit Score: A credit score of 650 or above is generally required for eligibility. In some cases, we can consider the zero CIBIL score(new user).

Residency: Applicant must be a resident of India, with proof of residence in Coimbatore.

Note: Meeting these criteria does not guarantee loan approval, as lenders will also consider other factors during the application process.

Applying for a Personal Loan in Coimbatore:

Check Eligibility: Ensure you meet the minimum criteria, including age, income, employment status, credit score, and local residency.

Gather Documentation: Prepare necessary documents such as ID proof (KYC - AAdhar and Pan Card ), address proof, income statements (salary slips for salaried individuals, financial statements for self-employed), and employment verification.

Compare Lenders: compare the offers from various lenders, including banks and NBFCs, to find the best interest rates and terms.

Calculate Loan Amount and EMI: Use online calculators to determine how much you need and can afford to repay, considering your financial situation.

Contact Grow Associates: Call us on +91 63690 95433 or Visit our Office directly, you can reach out from the following map link 

Loan Approval and Disbursal: Upon approval, review the loan agreement carefully before accepting. The loan amount will then be disbursed to your account.