Personal Loan in Coimbatore

Surrounded by the Western Ghats, Coimbatore is Tamil Nadu’s second-largest city in and is located on the banks of Novyal River. Coimbatore is also one of India’s fastest-growing tier-II cities with a strong footprint in manufacturing, education and healthcare sectors. The presence of several corporate parks and a booming IT industry is highly responsible for the large-scale workforce in Coimbatore.

To comply with the demands of fast-pacing and modern lifestyle, people living here often resort to various loan options, among which the most popular is a personal loan. The multitudinous advantages offered by this financing option enable individuals to tide over several financial crises and other personal needs efficiently.

Gold Loan Calculator

Advantages of a Personal Loan

Personal loans come with primarily two advantages. Firstly, these loans do not impose any end-use restriction, which means borrowers can use it however they wish to. A personal loan in Coimbatore can be used for any kind of personal reasons, ranging from renovating houses, funding vacations, higher educations or consolidating debt. Secondly, personal loans do not require individuals to pledge any asset.

Eligibility Criteria for a Personal Loan

Most banks and NBFCs offer a personal loan to both salaried individuals and self-employed persons. However, the eligibility criteria vary with each lending institution, but it generally includes parameters like age, salary, income, payment capacity, and also the place of residence.

Moreover, to get approval for a personal loan, individuals must have a regular source of income and a credit score of 750 or above. 

Documents Required for a Personal Loan

Borrowers need to provide a list of essential documents during loan application. The required documents are discussed below:


Personal loan


Identity proof

Pan Card/ Voter’s Id/ Aadhar Card/Driving License/Passport


Address proof

Aadhar Card/Lease/Property Purchase Agreement/Utility Bill/Passport/Driving License


Income proof (for salaried individuals)

Bank account Statement/ Form 16/ Salary slip

Features of a Gold Loan

Through this financing option, people can utilise the equity of their gold ornaments to acquire substantial funds. Other advantages of availing of a gold-backed personal loan include:

  • The minimal documentation of gold loan enables borrowers to enjoy quick disbursal.
  • The cost of availing a personal loan in Coimbatore is lower owing to its secured nature.
  • The tenure of gold loans mostly ranges from 4-6 months, which saves borrowers from the long-term burden of paying EMIs.

Besides looking for these features, one must also ensure easy repayment terms, simpler disbursal process, and availability of high-value loan to enhance their convenience. Individuals can find these and more benefits with us at Rupeek.

Benefits of a Gold Loan Offered by Rupeek

Individuals looking for a personal loan in Coimbatore can trust our financial solutions for a number of reasons. These include:

  • Easy Documentation: We only require KYC documents and utility bill/rental agreement of borrowers during loan processing. Moreover, while applying for a gold-backed personal loan in Coimbatore with us, applicants need not have a credit score of 750+ or any substantial credit history to prove their creditworthiness.
  • Quick Disbursal: Individuals can avail a gold loan within just 45-60 minutes with Rupeek. It is much faster than an unsecured personal loan, which generally takes around 2 – 14 days.
  • Highest LTV: We feature LTV of up to 80%. Borrowers can get a fair idea about the loan amount by using our gold loan calculator. One can also input their desired loan amount to learn the quantity of gold they need to pledge.
  • Doorstep Service: We offer instant doorstep loan services across Coimbatore. The entire process from document verification to gold appraisal is executed at the borrower’s house to ensure the highest safety and hassle-free experience.
  • Affordable Interest Rate: With our financial services, borrowers are assured of getting a low personal loan interest rates. Our interest rate starts from 0.49% per month, which is much lower than that of a traditional personal loan.
  • Flexible Repayment: We enable our customers to repay the loan amount as per their convenience. They can pay monthly EMIs or any time within 6 months, depending on the scheme they choose.

Besides these benefits, borrowers can also make use of the credit line we extend to enjoy hassle-free financing.

This document has been composed with the free HTML edior. Click here to give it a try.

Overdraft Facility against Gold by Rupeek

We also offer an overdraft facility, known as ‘Rupeek Quick’. Through this product, existing borrowers can get an extended credit line by pledging their gold. Also, borrowers enjoy the additional advantage of paying interest only on the expended amount and not on the entire borrowed sum.

List of Localities We Operate in Coimbatore

Customers in and around the following areas can avail our instant doorstep loan service:

  • Coimbatore Tidel Park
  • Singanallur
  • Thondamuthur
  • Periyanaickenpalayam
  • Gopalapuram
  • Malumichampatti
  • Saravanampatti
  • Peelamedu
  • Vadavalli
  • Kovaipudur
  • Marudamalai Road

Borrowers who are willing to take a gold-backed personal loan in Coimbatore can easily enjoy the quickest financial services from us. Get in touch with us today for further information.

Rupeek ad

Frequently asked questions

1. What to consider while applying for a gold-backed personal loan in Coimbatore?

Individuals need to keep certain things in mind when applying for a gold-backed personal loan, such as Loan to Value ratio, interest rate, gold security, disbursal time, and repayment schemes.

2. How to apply for a gold loan for personal usage with Rupeek?

Request a loan by downloading the Rupeek app or give us a call or visit our official website. Our loan representative will visit your residence for gold appraisal and KYC verification. Subsequently, you will receive the funds in your account.

3. Do I need a CIBIL Score to get a gold-backed personal loan?

No, a CIBIL Score is not relevant to the eligibility of a gold-backed personal loan.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
Please enter valid Mobile Number
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly