Home Loan in Coimbatore

Avail Housing Loan in Coimbatore upto ₹ 5 Crore

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

Coimbatore is one of the fastest-growing cities in India and a major textile and auto manufacturing hub. If you are planning to buy your new house in Coimbatore, you can easily avail a house loan in Coimbatore from Bajaj MARKETS at really affordable interest rates starting from just 6.99% per annum. The application process is seamless and hassle-free and can be completed online with minimal documentation. What’s more? You can also get a balance top-up in case you need more money than the borrowed amount.

Comparison of Home Loan Interest Rates Offered by Various Banks & HFCs in Coimbatore

Below is a list of the current housing loan interest rates and charges for all leading banks and Housing Finance Companies (HFCs) in Coimbatore:

Bank Name

Starting Interest Rate (p.a.)

PNB Housing Finance Home Loan

8.50%  p.a. onwards

ICICI Bank Home Loan

8.75% p.a. onwards

Bajaj Housing Finance Home Loan

8.60% p.a. onwards

UBI Home Loan

8.60% p.a. onwards

HFFC Home Loan

9.50% p.a. onwards

Disclaimer: The rates mentioned above are subject to change. You must always check with the lender before applying. Additionally, the final interest rate applicable to you will depend on factors such as your repayment tenor, age, monthly income, and CIBIL score.

Features and Benefits of Home Loans in Coimbatore

Some of the salient features and benefits of a Housing Loan availed through Bajaj MARKETS are:

  • Interest rates for home loans in Coimbatore start from just 6.99% per annum

  • Repayment tenure can go up to 30 years

  • You can avail up to 90% of the property value as a home loan

  • Balance transfer facilities are available if you want to take advantage of lower interest rates offered by other lenders

  • You can also avail a top-up of up to ₹1 Crore on your existing home loan

  • You can prepay a part of your home loan or the entire outstanding balance with zero extra charges if the loan was availed at a floating interest rate

Top Home Loan Providers in Coimbatore

The following table lists down some of the top home loan providers in Coimbatore along with their addresses and contact information.

Home Loan Lenders


Contact Information

Bajaj Housing Finance Limited

104, Excellence 1st floor, Race Course Rd, Near Taj Hotel, Coimbatore, Tamil Nadu 641 018

020 3957 4151

Home First Finance Company (HFFC) 

No. 42/25, Ahuja Towers, W TV Swamy Rd, R.S. Puram, Coimbatore, Tamil Nadu 641 002

0422 434 2240

PNB Housing Finance Limited

1112, Raja Plaza,2nd Floor, Laxmi Mill Junction, Coimbatore, Tamil Nadu 641 037

0422 224 0322

Union Bank of India

1st, 235, Oppanakara St., Town Hall, Coimbatore, Tamil Nadu 641 001

0422 239 6232


Cheran Plaza, 1090, Trichy Rd, Coimbatore, Tamil Nadu 641 018

073056 67777

What is the Eligibility Criteria for a Home Loan in Coimbatore

To get a home loan in Coimbatore, you must satisfy the below-mentioned eligibility criteria:

Employment Status

You must either be a salaried person or a self-employed individual


Indian (permanent resident or non-residenti Indian (NRI) or a person of Indian origin (PIO))


21 or above

Credit Score

750 or above

Work Experience

Salaried: 3 years

Self-Employed: 3 Years

Documents Required for a Home Loan in Coimbatore

For Salaried Professionals

  • KYC Documents: Passport, PAN card, voter’s ID, driving licence, Aadhaar card

  • Income Proof: Last 3 months’ salary slips or a copy of the latest Form-16

  • Property documents like the sale deed and occupancy certificate

For Self-Employed Professionals

  • KYC Documents: Aadhaar card, Voter’s ID, passport, PAN card, driving licence

  • Income Proof: Income Tax Returns of the past 3 years

  • Balance sheet and Profit and Loss account statements of the business for the past 3 years

  • Savings’ account statements for the past 3 years and the current account statement of the corporate entity

  • Latest copy of the Form-26AS

3 Best Locations to Buy a Property in Coimbatore

  • Singanallur: It is one of the posh localities in Coimbatore. Singanallur is located in close proximity to Coimbatore airport and is home to some of the best restaurants in the city. Moreover, there are also many reputed schools and shopping complexes in Singanallur.

  • Gandhipuram: The locality is in close proximity to some major IT companies. The presence of some of the best restaurants and shopping malls as well as premium educational institutions and hospitals make Gandhipuram one of the best residential localities in Coimbatore.

  • Trichy Road: Located near the Coimbatore airport, Trichy Road is known as one of the most luxurious localities in the city. From shopping malls to premier educational institutes and hospitals, you will find all the amenities in the neighbourhood. Given the amenities and facilities, the housing prices are quite high in the region.

Things to Consider While Buying a House in Coimbatore

  • Location: It is one of the most important aspects to consider before making any real estate investment. The location of your property not only determines its present value but also affects the future prospects of value inflation.

  • Builder’s Reputation: Before you finalise the deal, you must make sure that the builder has a good reputation in the market. Not only does it reduce the chances of fraud, reputed builders also use good quality material for construction and the floor planning is also better.

  • Choose a House With Clear Titles: Check the sale deed and ensure that the layout of the property is approved by the authorised local body. Also, check if the builder has a commencement certificate if you are investing in an under-construction apartment.

  • Negotiate for a Better Price: Builders often quote an inflated price. It, therefore, becomes important to bargain so that you may get the best deal possible.

Government Housing Projects in Coimbatore

There are many housing projects of the Central government and the Government of Tamil Nadu that you can benefit from in Coimbatore. Some of the government housing projects in Coimbatore are:

Other Top Home Loan Cities

FAQs on Home Loan in Coimbatore

  • ✔️How is EMI calculated for a home loan in Coimbatore?

    EMI for a home loan in Coimbatore = [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]


    • ‘P’ is the principal loan amount,

    • ‘R’ is the interest rate, and,

    • ‘N’ is the loan tenor in months.

    Alternatively, you can also use the Housing Loan EMI Calculator available on Bajaj MARKETS to calculate your Home Loan EMI with absolute ease.

  • ✔️How to apply for a home loan in Coimbatore?

    You can apply for a housing loan in Coimbatore through Bajaj MARKETS. All you must do is feed in your personal information, share details regarding your property, submit the required documents, and undergo a verification process. Then, wait for a customer service representative to get in touch with you regarding the same.

  • ✔️What is the lowest interest rate on a home loan in Coimbatore?

    The lowest housing loan interest rate on a home loan in Coimbatore is 6.99% p.a.

  • ✔️How long does it take to get a home loan in Coimbatore?

    It takes at least two weeks to get a home loan processed and disbursed in Coimbatore. The time taken to disburse the loan mainly depends on the validity of the documents submitted, the loan amount, and the overall creditworthiness of the applicant.

  • ✔️What is the minimum income requirement to get a home loan in Coimbatore?

    You must have a monthly income of at least ₹22,000 to get a home loan in Coimbatore.