Get Instant Personal Loan in Coimbatore up to ₹20 Lakh
Personal Loan in Coimbatore
Coimbatore’s development as an economic hub in South India is commendable. The city has a mixture of small, medium and large-scale industries and textile mills. In fact, it goes by the title of ‘textile capital of South India’. Coimbatore is also famous for its foundry and automobile industries and has a vibrant tourism industry. These industries provide lots of employment opportunities to people.
With growing opportunities and people relocating to this booming city, there is also a growing need for easy and flexible financing. If you are looking to get financing for meeting a cash crunch or starting a new business, personal loans in Coimbatore may be the best choice.
Navi offers instant personal loans in a 100% paperless manner to both salaried and self-employed professionals. All you have to do is download the Navi app and apply!
Features and Benefits of Personal Loan in Coimbatore
Features and Benefits of Personal Loan in Coimbatore
How to Apply for a Personal Loan in Coimbatore?
How to Apply for a Personal Loan in Coimbatore?
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
Interest Rates for Personal Loan in Coimbatore
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | From 3 to 72 months |
How to Calculate EMI on Personal Loan?
Calculate your loan EMI beforehand to better plan your loan and manage your finances. You can either calculate your loan EMI manually or take the help of our personal loan EMI calculator. Here’s the formula for EMI calculation:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
However, manual calculations can be tasking. A better alternative would be using Navi Personal Loan EMI Calculator. All you have to do is select the loan amount, interest rate and loan repayment tenure. The calculator will show you the EMI in a matter of seconds.
Personal Loan Calculator
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Months)
months
Monthly EMI
0
Total Interest
Total Amount
Why Choose Navi Personal Loan in Coimbatore?
Instant disbursal
If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.
Competitive rates and charges
We are here to make personal finance accessible to all. So, keeping the affordability factor in mind, we offer you one of the lowest interest rates in the market today.
No paperwork
100% app-based paperless process. You can apply for a loan from anywhere, anytime.
Various Use Cases of Personal Loan
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Frequently asked questions
Yes, you can take a personal loan for renovating or repairing your house. Personal loans don’t have any end-use restrictions, and one can use them to meet any financial need.
Here are some of the factors you could consider before taking a personal loan:
- Credit score: Having a good credit score can help you fetch better deals on your loan. Similarly, a poor credit score could lead to loan rejection
- Repayment capacity: Check your repayment capacity before taking a loan. Missed EMI payments could hurt your credit score and put a dent in your creditworthiness
- Loan EMI: Always calculate your loan EMI beforehand to check your monthly repayment obligations. This would help you manage your finances in a better way.
Yes, you can get an instant cash loan within 1 hour in Coimbatore. All you need to do is download the Navi app and apply. It hardly takes a few minutes to get your preferred loan amount transferred to your account provided you are eligible.