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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!

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Personal Loan for Doctors

Doctors can get Personal Loan finance in Coimbatore with unsecured funds of up to Rs 5 Lakh.
 

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Personal Loan for Travel

Apply now for a Personal Loan for travel at Hero FinCorp and put all your financial worries to rest.

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Personal Loan for Wedding

Plan your dream wedding with the help of a Hero FinCorp instant cash loan in Coimbatore.
 

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Personal Loan for Home Renovation

A Hero FinCorp Personal Loan is the easiest way to pay for home renovation costs, including repairs, interiors or home expansion.

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Personal Loan for Self-Employed

Get instant approval on Hero FinCorp Personal Loan in Coimbatore with 100% digital application and instant approval process.
 

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Personal Loan for Women

Female borrowers can enjoy a 100% paperless application procedure for quick disbursal with Hero FinCorp instant Personal Loan in Coimbatore.
 

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Personal Loan for Government Employees

Those employed in the government sector can transform their financial situation with Personal Loan finance in Coimbatore at low-interest rates from Hero FinCorp.

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Personal Loan for Education

Unlock your higher education dreams with our urgent cash loans in Coimbatore with reasonable interest rates.

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 :

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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.

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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.

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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.

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Flexible Repayment Tenure

Hero Fincorp, a leading personal loan provider in Coimbatore, offers flexible repayment tenures in the range of 6 months to 36 months, which reduces your EMI burden considerably.

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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.

 

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Age

A resident of India who is at least 21 years of age and not more than 58 years.

 

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Citizenship

You must be an Indian citizen.

 

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Work Experience

A working professional must be employed at a firm for a minimum period of 6 months. A self-employed individual should own a business establishment for 2 years or more.

 

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Monthly Salary

A monthly income of Rs 15000 or above is mandatory for an applicant to be considered for a personal loan in Coimbatore.

 

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

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

Documents Required For Self Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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.

 

Interest Rate

Starting from 1.75% per month or 21% per annum
 

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.

 

Documents Required For Self Employed

  • 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 (FAQs)

The minimum age to apply for a personal loan in Coimbatore is 21 years.
The maximum personal loan repayment tenure set by Hero FinCorp is 36 months.
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.