Top Mortgage Loans Providers in Coimbatore - Home Loans

Top List of 7 Mortgage Loan Agents in Coimbatore. Get a mortgage loan with a low interest rate. Also, get an instant home loan, construction loan, property loan, and more. Find the best mortgage loan service providers near your location. as on Mar 15, 2025

R S ASSOCIATES

Kumbakonam Bazar, Kumbakonam, 612001

( Also serves in Coimbatore )

3.0/5 Based on 1 Reviews

+08048409045

Loans

Response Time: Within 15 MinsSulekha score: 6.6

R S Associates, located in Kumbakonam Bazar, Kumbakonam, is a reputable financial service provider offering a wide range of loan solutions. They specialize in personal loans, business loans, home loans, and loans against property, catering to various financial needs of individuals and businesses in the region. Their services are known for quick response times, typically within 15 minutes, and they operate between 9 AM and 5 PM. The team at R S Associates is experienced in guiding clients through the loan application process, ensuring a smooth and hassle-free experience. With a Sulekha score of 7.8, they are considered a trusted choice for financial services in Kumbakonam?

Available Loan Types:

Offering 5 different types of loans

Loan Amount Range:

From ₹10 Lakhs to ₹1 Crore
Depending on the type of loan

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We Win Associates

Kovaipudur, Coimbatore, 641042

+08035424431

Loans

Response Time: Within 15 MinsSulekha score: 7

Welcome to We Win Associates, your go-to source for loans in Kovaipudur. Established in 2021, we have been providing exceptional loan services to our clients. With a team of experienced professionals, we offer a wide range of loan options including vehicle loans, home loans, business loans, mortgage loans, personal loans, and more. Our services cater to all your financial needs and are designed to provide you with the best solutions. Whether you need a loan for a new or used vehicle, property, or business, we have got you covered. Our working hours are flexible to accommodate your schedule. Come visit us and let us help you achieve your financial goals.

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Rajkumar Devaraj

Gandhipuram, Coimbatore, 641012

+08035426579

Loans

Sulekha score: 7.5Working hours: 10 AM to 7 PM

Welcome to Jayam Associates! We are a local business in Gandhipuram, offering a wide range of loan services including business loans, mortgage loans, unsecured loans, and more. Our experienced team has been providing these services since our establishment in [Year of establishment]. With a dedicated team of professionals, we offer loans against cash credit, overdraft, property, and rent receivables. Whether you need a loan for a plot or a commercial or residential building, we have you covered. Our loan options cater to a wide range of budgets, starting from less than 10 lakhs to more than 1 crore. Trust us for reliable and hassle-free loan services.

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Almighty Base Agency

Avinashi, Tirupur, 641654

( Also serves in Coimbatore )

+09883035893

Loans Loan Against Shares Loan on Credit Card

Response Time: Within 60 MinsSulekha score: 6

All kind of lone for documents basis. cheque basis for company monthly statement. business all kind lone.

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Aashu Enterprises

Vidyut Nagar, Hisar, 125005

( Also serves in Coimbatore )

+08035428538

Loans

Response Time: More than 60 MinsSulekha score: 5.8

Welcome to Aashu Enterprises, your go-to source for all your loan needs in Model Town. With a variety of loan options including home loans, education loans, mortgage loans, and more, we strive to provide the best financial solutions to our customers. Our services cater to individuals and businesses alike, with loan amounts ranging from 1 to 5 lakhs up to more than 1 crore. Our team of dedicated employees works tirelessly to ensure that our clients receive the best possible service. Come explore our services today and find the perfect loan for you!

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Pranav Enterprises

Mettupalayam Road, Coimbatore, 641030

Loans

Sulekha score: 7.4Working hours: 09:00 am to 07:00 pm

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Instant Finanace

Ganjem, Goa, 110025 ( Also serves in Coimbatore )

3.4/5 Based on 5 Reviews

Loans

Sulekha score: 5.6Working hours: 10 AM to 6 PM

Praveenkumar B V from Goa

" Communication 5/5 responsiveness 5/5 good price 5/5 ontime services 5/5 Service Quality 5/5"

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, mortgage loans, home loans, vehicle loans, car loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out a Mortgage Loan?

Stable Financial Situation: Ensure you have a stable income to manage monthly mortgage payments and maintain a sufficient emergency fund for unexpected expenses. A low debt-to-income ratio indicates manageable debt levels, making it easier to qualify for a mortgage.
Long-Term Commitment: Consider your future plans and whether you intend to stay in the property for a long period. Mortgages are long-term commitments, and frequent moving can be costly. Evaluate your family's current and future needs, such as space requirements and proximity to schools or work.
Housing Market Conditions: Analyze current housing market trends, including interest rates and property values. Low-interest rates and favorable market conditions can make it a good time to buy. Additionally, consider the potential for property value appreciation as a long-term investment.
Affordability and Budgeting: Save a substantial down payment to reduce the loan amount and potentially avoid private mortgage insurance (PMI). Ensure the monthly mortgage payments fit comfortably within your budget without compromising other financial goals.
Creditworthiness: A good credit score can help you secure a mortgage with favorable terms and lower interest rates. Review your credit history for inaccuracies and resolve outstanding issues to improve your credit profile, increasing your chances of loan approval.
Loan Types and Options: Understand the differences between fixed-rate and adjustable-rate mortgages and choose the one that best suits your financial situation and risk tolerance. Evaluate different loan terms (e.g., 15-year vs. 30-year) and their impact on monthly payments and total interest paid over the life of the loan.
Readiness for Homeownership: Be prepared for the responsibilities of homeownership, including maintenance, repairs, and property taxes. Consider how homeownership will impact your lifestyle and whether you are ready for the associated commitments.

2. Eligibility Criteria for Taking a Mortgage Loan?

Credit Score: A good credit score is essential as it indicates your creditworthiness. Generally, a score of 620 or higher is required, but a higher score can qualify you for better terms and interest rates.
Income: Lenders assess your income to ensure you can afford the loan payments. They will consider your employment history, salary, and other sources of income. Stable and sufficient income is crucial.
Debt-to-Income Ratio (DTI): This ratio compares your monthly debt payments to your monthly gross income. Lenders typically prefer a DTI ratio below 43%, though some may accept higher ratios depending on other factors.
Down Payment: Most mortgage loans require a down payment. The amount can vary but is typically between 3% and 20% of the home’s purchase price. Larger down payments can improve your chances of approval and get better loan terms.
Employment History: A stable employment history, usually at least two years with the same employer or in the same industry, is preferred. This demonstrates financial stability.
Property Appraisal: The property you intend to buy must be appraised to determine its market value. The loan amount is generally based on the appraised value or the purchase price, whichever is lower.
Savings and Assets: Lenders may require proof of savings or assets that can be used as a cushion in case of financial difficulties. This can include savings accounts, investments, or other assets.
Loan Type and Terms: The type of mortgage (fixed-rate, adjustable-rate, FHA, VA, etc.) and the loan terms (such as the length of the loan) can influence eligibility. Some loans have specific requirements, such as VA loans for veterans.
Documentation: You will need to provide various documents such as tax returns, pay stubs, bank statements, employment verification, and identification documents.
Residency Status: Proof of legal residency or citizenship may be required. Some lenders offer loans to non-citizens with specific documentation.

3. What are the Benefits and Advantages of a Mortgage Loan?

Home Ownership and Equity Building: Owning a home is a long-term investment that can appreciate over time, and each mortgage payment builds equity in the property, serving as a financial asset.
Tax Benefits: Mortgage interest and property tax payments are often tax-deductible, reducing taxable income and providing significant tax relief.
Predictable and Lower Payments: Fixed-rate mortgages offer consistent monthly payments, simplifying budgeting. Mortgage loans also generally have lower interest rates compared to unsecured loans because the property serves as collateral.
Leveraging and Credit Improvement: Mortgages allow individuals to leverage property value, enabling the purchase of more expensive homes. Regular on-time payments improve credit scores, and having a mix of credit types positively impacts credit ratings.
Flexible Terms and Refinancing: Various mortgage term lengths and types (fixed-rate, adjustable-rate) offer flexibility. Refinancing options can reduce interest rates and monthly payments or provide access to home equity for other financial needs.
Forced Savings and Stability: Mortgage payments act as forced savings, with part of each payment building equity. Homeownership provides long-term housing stability, protecting against rent increases and eviction risks.
Pride and Investment Opportunities: Homeownership provides a sense of pride and achievement. Homeowners can also generate rental income, helping to offset mortgage costs and further enhancing financial stability.

4. Important Factors to Consider When Taking a Mortgage Loan?

Interest Rates: Fixed rates offer stable monthly payments, while variable rates can fluctuate with market conditions. Look at the Annual Percentage Rate (APR) for a comprehensive view of the loan's cost.
Loan Term: Shorter terms like 15 years have higher monthly payments but lower total interest costs, while longer terms like 30 years offer lower monthly payments but higher overall interest.
Down Payment: A higher down payment reduces the loan amount and monthly payments and can eliminate the need for private mortgage insurance (PMI). Ensure you have enough savings left for emergencies and other financial goals.
Credit Score: Higher credit scores typically qualify for lower interest rates. Check your credit report for errors and work on improving your score before applying for a mortgage.
Debt-to-Income Ratio (DTI): Lenders assess your ability to repay the loan by looking at your DTI. Aim for a DTI below 43%, but the lower, the better for your financial health.
Loan Types: Conventional loans usually require higher credit scores and down payments, while government-backed loans like FHA, VA, and USDA have different requirements and benefits.
Fees and Closing Costs: These include appraisal fees, origination fees, and title insurance, which can add up to 2-5% of the loan amount. Some fees can be negotiated or shopped around.
Prepayment Penalties: Check if the loan has penalties for early repayment, as these could affect your ability to refinance or pay off the loan early.
Loan Servicing: Research the lender or servicer’s reputation for customer service and loan servicing practices to ensure a smooth mortgage management process.
Future Financial Plans: Consider your job security and potential for income changes. Research housing market trends in the area to understand potential property value changes.
Insurance and Taxes: Understand the property tax rate and how it will affect your monthly payment. Get estimates for homeowners insurance to factor into your overall housing costs.
Affordability and Budget: Ensure the monthly mortgage payment fits comfortably within your budget, considering other financial goals and expenses. Maintain an emergency fund to cover unexpected costs without compromising your mortgage payments.

5. Mortgage Loan Interest Rates?

Bank Name	Interest Rate (p.a.)	Loan Tenure	Processing Fees
State Bank of India	7.50% - 8.60%	Up to 30 years	0.35% of the loan amount (Min Rs. 2,000, Max Rs. 10,000)
HDFC Bank	7.60% - 8.50%	Up to 30 years	Up to 0.50% of the loan amount or Rs. 3,000 whichever is higher
ICICI Bank	7.70% - 8.60%	Up to 30 years	0.50% of the loan amount + GST (Min Rs. 3,000)
Axis Bank	7.75% - 8.70%	Up to 30 years	1% of the loan amount or Rs. 10,000 whichever is higher
Punjab National Bank	7.55% - 8.65%	Up to 30 years	0.35% of the loan amount (Min Rs. 2,500)
Bank of Baroda	7.65% - 8.50%	Up to 30 years	0.50% of the loan amount (Min Rs. 7,500, Max Rs. 20,000)
Kotak Mahindra Bank	7.60% - 8.50%	Up to 20 years	Up to 1% of the loan amount + GST
IndusInd Bank	7.70% - 8.75%	Up to 20 years	0.50% of the loan amount (Min Rs. 5,000, Max Rs. 10,000)
IDBI Bank	7.50% - 8.50%	Up to 30 years	0.50% of the loan amount (Min Rs. 2,500, Max Rs. 10,000)

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Mortgage Loans

1. Who are the best Mortgage Loan providers in Coimbatore?

R S ASSOCIATES
We Win Associates
Rajkumar Devaraj
Almighty Base Agency
Aashu Enterprises

2. What documents are required for a Mortgage loan?

Typically, you need identity proof (Aadhaar, PAN card), address proof (utility bills, rental agreement), income proof (salary slips, bank statements, ITR), property documents (title deed, sale agreement), and a recent photograph.

3. What are the eligibility criteria for a Mortgage loan?

Eligibility criteria include being an Indian resident, aged 21-65, having a stable income source, good credit history, and ownership of a property that can be mortgaged. Specific criteria may vary by lender.

4. How do I apply for a Mortgage loan online?

You can fill out the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also you can apply online by visiting the lender's website, filling out the application form with required details, uploading necessary documents, and submitting the form for processing. Some lenders may offer doorstep services for document collection.

5. How can I get an instant Mortgage loan?

Instant mortgage loans are rare due to the need for property evaluation and legal checks. However, pre-approved loans for existing customers or quick processing options from certain lenders may expedite the process.

6. What is the percentage rate for Mortgage loans?

The interest rate for mortgage loans typically ranges from 8% to 12% per annum, depending on the lender, borrower’s creditworthiness, loan amount, and tenure. Rates can vary widely, so it’s advisable to compare different lenders.

7. Can I get a Mortgage loan with a low CIBIL score?

Yes, it is possible but may come with higher interest rates and stricter terms. Some lenders offer mortgage loans to individuals with low CIBIL scores, but the approval process may be more stringent.

8. What is the processing fee for a Mortgage loan?

The processing fee for a mortgage loan usually ranges from 0.5% to 2% of the loan amount. This fee covers administrative costs and varies by lender. It’s important to confirm this with your lender before applying.

9. Can I get a Mortgage loan with a bad credit score?

Getting a mortgage loan with a bad credit score is challenging but possible with certain lenders. You may face higher interest rates and stricter terms. Providing a strong co-applicant or additional collateral can improve your chances.

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4.5

Based on 17 Reviews

Suganya Thudiyalur

06 Apr, 2023

I got 9lacs loan amount based on my bank statement thru private finance.Within 1 day I got my loan amount.Its very speedy and quality process. Thanks for Success Solutions for speedy service.Excellent job you are doing . Communication 5/5 responsiveness 5/5 good price 5/5 ontime services 5/5 Service Quality 5/5

Indu Priya Gandhipuram

07 Dec, 2018

Not satisfied with their service. I approached this Punjab National Bank Gandhipuram, Coimbatore for my Mortgage loans purpose. They approached me good and I submitted all the documents for the Loan but the loan process was very slow and they did very delay to providing the loan. Overall I am not satisfied with their service.

R. Elangovan Gandhipuram

04 Oct, 2018

Approached this G.I.C. Housing Finance Ltd. Gandhipuram, Coimbatore. I searched for Mortgage loans, His responses and his service were really good, And I submitted my all documents to this bank, Mortgage loan I asked to this GIC bank 15 lakhs still in process. His approaches and kind responses were really good I am satisfied with his kind responses.

Malathi periyasamy Ramanathapuram

27 Sep, 2018

Easy loan processing. Polite behaviour towards customer. Friendly staff. Quicker approval. Great experience.. Thank you Mr. Ranjith kumar

Mugesh Ramanathapuram

12 Sep, 2018

Superb solution for my lap, they served a good service , response, faster verification process desired loan amount and flexible interest rate. Compactable best nstitute

Bindu Pn Palayam

10 Sep, 2018

Very nicely responded, And I got valuable Information from this financial services IndusInd Bank for my Mortgage loans, The financial person they said all of the related Mortgage loans details, I submit my all document and still going on the process, I am cheerful to choose this Finance service.

Subha Kuniyamuthur

29 Aug, 2018

Esaf a good organization who helps for the society for their needs but the staffs who were working there is very bad in attitude mainly branch manager n the cashier treats poor people like beggars. Not even treating like humans if they r not able to work in pleasing manner then y they r into this social service.very bad.if we r treating our own people for their needs like this then they r not humans.

nivi Gandhipuram

09 Apr, 2018

good service by sulekha as well as by Loankartindia. Its was nice to have their way of approach to client. best financial consultant in coimbatore

Top Mortgage Loan Providers in Coimbatore

What type of mortgage loan do you need?

Find the Top Mortgage Loan Providers from Sulekha in Coimbatore

Top List of 7 Mortgage Loan Agents in Coimbatore. Get a mortgage loan with a low interest rate. Also, get an instant home loan, construction loan, property loan, and more. Find the best mortgage loan service providers near your location. as on Mar 15, 2025

R S ASSOCIATES

We Win Associates

Rajkumar Devaraj

Almighty Base Agency

Aashu Enterprises

Pranav Enterprises

Instant Finanace

Latest User Reviews for Mortgage Loan in Coimbatore

Recently Connected Loans in Coimbatore

Why Choose Sulekha?

1. When to Consider Taking Out a Mortgage Loan?

2. Eligibility Criteria for Taking a Mortgage Loan?

3. What are the Benefits and Advantages of a Mortgage Loan?

4. Important Factors to Consider When Taking a Mortgage Loan?

5. Mortgage Loan Interest Rates?

Most Common Questions About Mortgage Loans

1. Who are the best Mortgage Loan providers in Coimbatore?

2. What documents are required for a Mortgage loan?

3. What are the eligibility criteria for a Mortgage loan?

4. How do I apply for a Mortgage loan online?

5. How can I get an instant Mortgage loan?

6. What is the percentage rate for Mortgage loans?

7. Can I get a Mortgage loan with a low CIBIL score?

8. What is the processing fee for a Mortgage loan?

9. Can I get a Mortgage loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application