Best Home Loan In Coimbatore | 2025
Home loan interest rates as low as 6.90% p.a are available in 2025. It has never been easier to purchase property in a rapidly growing industrial city like Coimbatore. You can take tenures of up to 30 years with EMI options and tax benefits up to ₹3.5 lakh. Coimbatore has fantastic options available for salaried professionals, entrepreneurs, and NRIs alike.
Best Home Loan In Coimbatore | 2025
Coimbatore, known as the “Manchester of South India,” is slowly becoming one of the popular cities to invest in a home, due to its strong infrastructure, job market, and cost-effective real estate options. In 2025, home loan offerings in Coimbatore begin at an attractive 6.90% p.a., with a tenure of up to 30 years, as well as tax benefits of up to ₹3.5 lakh. As a salaried professional, self-employed individual, or NRI, the top lenders, in collaboration with NoBroker, provide convenient zero-brokerage loans for your situation.
Overview of the content
| Section | Overview | Key Benefit |
| Location Advantage | Coimbatore has low property rates & growth | Affordable homeownership |
| Interest Rate | Starts at 6.90% p.a. | Lower monthly EMIs |
| Loan Tenure | Up to 30 years | Flexible repayment |
| Eligibility | Age 21–65, min ₹2–3L income, 750+ credit score | Easy approval |
| Top Lenders | SBI, HDFC, ICICI, LIC, Axis (with branches) | Trusted options available locally |
| Tax Benefits | Up to ₹3.5 lakh per year under 80C & 24(b) | Save on taxes |
| NoBroker Help | Online, zero brokerage loan process | Quick, paperless, no agent needed |
Best Home Loan Providers in Coimbatore (with Branch Locations)
| Bank / NBFC | Branch Address in Coimbatore |
| State Bank of India | SBI Main Branch, State Bank Road, Coimbatore – 641018 |
| HDFC Ltd. | HDFC House, Avinashi Road, Peelamedu, Coimbatore – 641004 |
| ICICI Bank | ICICI Bank, Race Course Road, Coimbatore – 641018 |
| Axis Bank | Axis Bank, Gandhipuram, Cross Cut Road, Coimbatore – 641012 |
| LIC Housing Finance | LIC Building, Dr. Nanjappa Road, Coimbatore – 641018 |
| PNB Housing Finance | PNB Housing, Opp. Lakshmi Complex, DB Road, R.S. Puram – 641002 |
| Canara Bank | Canara Bank, Opp. Collector Office, Coimbatore – 641018 |
| Bank of Baroda | BoB, Trichy Road Branch, Coimbatore – 641018 |
Why Choose a Home Loan in Coimbatore?
Coimbatore’s booming real estate market, combined with affordable home loan options, makes it an ideal city for aspiring homeowners in 2025.
1. Cheap Property Rates:
Property prices in Coimbatore are not as high as metro cities, which is beneficial for first-time buyers and investors.
2. Good Infrastructure:
The city has expanding road networks, the Coimbatore Metro project, and the best education and health care facilities.
3. Low Interest Rates:
Banks in Coimbatore offer competitive interest rates, as low as 6.90% p.a., making it easier and cheaper to borrow.
4. High Growth Possibilities:
Coimbatore has been a developing market for real estate due to the expansions of IT parks and industrial areas.
5. Tax Benefits:
The government allows home loan borrowers to receive tax benefits under Section 24(b) and Section 80C, up to ₹3.5 lakh per year.
6. Fast Loan Acquisition with NoBroker:
All of this can be done online with NoBroker, where application, eligibility, and acquiring loans in a matter of minutes, allowing this to happen with no brokerage service.
Eligibility For Home Loan In Coimbatore
To be eligible for a home loan in Coimbatore, respective clients will be expected to meet the following criteria:
- Age: The age of prospective clients must be between 21 and 65 years.
- Income Clients with a minimum annual income of Rs. 2-3 lakh will be considered eligible for a home loan, which may vary, depending on the lender.
- Employment stability: To be considered eligible, clients must be employed for at least 2-3 years.
- Credit score: Most lenders would consider a client with a credit score of 750 and above eligible.
- Property valuation. The property enlisted for a home loan must be valued by the bank’s legal and valuation criteria.
Key Features of a Home Loan in Coimbatore
Before applying, it’s essential to understand the key features of a home loan in Coimbatore that make a home loan flexible, affordable, and tax-efficient for buyers.
| Feature | Details |
| Interest Rate | Starts from 6.90% p.a. |
| Tenure | Up to 30 years |
| Loan Amount | Based on income and property value |
| Processing Fees | 0.25% – 1% of the loan amount |
| EMI Options | Flexible (Step-up, Step-down, Holiday EMI) |
| Prepayment Charges | Nil on floating-rate loans |
| Tax Benefits | Up to ₹2 lakh on interest, ₹1.5 lakh on principal |
| Balance Transfer | Available for lower interest rate switching |
Documents Required To Get The Best Coimbatore Bank Home Loan Interest Rates
Clients will be expected to gather the following documents to apply for a home loan in Coimbatore:
| DOCUMENT TYPE | DOCUMENT |
| KYC Documents | Aadhaar card, PAN card, passport, and voter ID card |
| Proof of Income | Salary slips, income tax returns, Form 16, and bank statements |
| Property-related Documents | Property registration papers, property tax receipts, and NOC from the builder or society |
| Proof of Employment | Offer letter, appointment letter, and employment contract |
| Others | Passport-size photographs, a loan application form, and a declaration of assets and liabilities |
The exact documents that must be required for the application of a home loan are subject to change depending on the lender.
Comparing Home Loan Rates in Coimbatore
| Lender | Home Loan Interest Rates In Coimbatore | Processing Fees & Charges | Maximum Loan Amount | Maximum Loan Tenure |
| Aavas Financier Limited Home Loan | 8% | 2% | – | 30 Years |
| Aditya Birla Capital Home Loan | 9% – 12.50% | 1% | 10 Crores | 30 Years |
| Andhra Bank Home Loan | 8.15% – 9.20% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Axis Bank Home Loan | 8.75% – 14% | 1% | 10 Crores | 30 Years |
| Bank of Baroda Home Loan | 8.50% – 10.60% | 0.25%- 0.50% | 10 Crores | 30 Years |
| Bank of India Home Loan | 7.80% – 9.65% | – | 7.50 Crores | 30 Years |
| Bank of Maharashtra Home Loan | 8.40% | 0.25% or 25,000 (whichever is lower) | 1 Crore | 30 Years |
| Canara Bank Home Loan | 8.85%- 11.25% | ₹1,500 – ₹10,000 | 3 Crores | 30 Years |
| Central Bank of India Home Loan | 8.45% – 9.20% | 0.50% or ₹20,000 + GST (whichever of lower) | 75 Lakhs | 30 Years |
| DBS Home Loan | 8.25% – 9.75% | – | 5 Crores | 25 Years |
| Dena Bank Home Loan | 8.25% – 8.35% | 0.50% | 1.5 Crores | 30 Years |
| Dhanalakshmi Bank Home Loan | 7.2% | 1% or ₹10,00 + GST (whichever is higher) | 1 Crore | 30 Years |
| DHFL Home Loan | 8.75% | – | 5 Crore | 30 Years |
| Federal Bank Home Loan | 10.15% – 10.30% | – | 15 Crores | 30 Years |
| HDFC Ltd. Home Loan | 8.50% – 9.60% | 0.50% or ₹3000 (whichever is higher) | 10 Crores | 30 Years |
| IDBI Bank Home Loan | 8.75% – 11.45% | – | 10 Crore | 30 Years |
| IDFC First Bank Home Loan | 8% – 14% | 3% | 10 Crores | 30 Years |
| Indiabulls Home Loan | 8.75% | 1% | 2 Crores | 30 Years |
| Indian Overseas Bank Home Loan | 9.55% | – | – | 30 Years |
| India Shelter Finance Corporation Home Loan | 13% – 20% | 2% – 3% + GST | 50 Lakhs | 20 Years |
| Jammu and Kashmir Bank Home Loan | 8% | 0.25% + GST | 50 Lakhs | 30 Years |
| Karnataka Bank Home Loan | 9.08% – 10.38% | 0.50% – 2% | 5 Crores | 30 Years |
| Karur Vysya Bank Home Loan | 9.23% – 12.13% | ₹2500 – ₹7500 + GST | – | 25 Years |
| Kotak Mahindra Bank Home Loan | 8.85% – 9.40% | 0.50% | 10 Crores | 20 Years |
| LIC HFL Home Loan | 8.70% | 0.30% onwards | 10 Crores | 30 Years |
| PNB Housing Home Loan | 8.50% – 10.85% | – | 2 Crores | 30 Years |
| Reliance Home Finance Limited Home Loan | 9.35% – 13% | 0.50% – 1.50% | – | 20 Years |
| South Indian Bank Home Loan | 7.95% – 9.60% | 0.50% + GST | 15 Crores | 30 Years |
| State Bank of India Home Loan | 9.55% | ₹2000 – ₹10000 + GST | 5 Crores | 30 Years |
| Sundaram Home Finance Ltd Home Loan | 6.95% – 8.30% | 0.50% | 4 Crores | 25 Years |
| Tamilnad Mercantile Bank Home Loan | 9.10% – 9.60% | 0.50% | 5 Crores | 30 Years |
| Tata Capital Limited Home Loan | 8.95% | 2% | 5 Crores | 30 Years |
| Union Bank Home Loan | 8.75% | 0.50% or ₹15000 + GST (whichever is lower) | – | 30 Years |
| Yes Bank Home Loan | 9.15% – 11.25% | 1.5% – ₹10000 (whichever is higher) | 10 crores | 35 Years |
Top 5 Locations To Buy Homes In Coimbatore
Listed below are some of the top preferred residential locations in Coimbatore available for purchase, provided along with a short description.
- RS Puram: RS Puram is a prime residential area located in the heart of Coimbatore. It is known for its well-developed infrastructure, proximity to commercial areas, and availability of essential amenities. The area is popular among professionals, families, a nd retirees.
- Peelamedu: Peelamedu is another popular residential area in Coimbatore. It is located close to major IT parks and educational institutions, making it an ideal location for professionals and students. The area is known for its good connectivity to the rest of the city, availability of essential amenities, and peaceful environment.
- Vadavalli: Vadavalli is a residential area located in the western part of Coimbatore. It is a peaceful locality with good connectivity to other parts of the city. The area is popular among families and retirees due to its serene environment, availability of essential amenities, and good infrastructure.
- Race Course: Race Course is a prime residential area located in the heart of Coimbatore. It is known for its well-developed infrastructure, proximity to commercial areas, and availability of essential amenities. The area is popular among professionals, families, and retirees.
- Saibaba Colony: Saibaba Colony is a popular residential area located in the western part of Coimbatore. It is known for its well-developed infrastructure, availability of essential amenities, and good connectivity. The area is popular among families and professionals due to its peaceful environment and proximity to commercial areas
Tax Benefits On Home Loan Rates In Coimbatore
Home loans offer several tax benefits to the respective clients. Here are some of the key tax benefits of home loans provided in Coimbatore:
- Tax deduction on interest payment: According to Section 24 of the Income Tax Act, 1961, a deduction of up to Rs. 2 lakh on interest paid for the self-occupied property and has no maximum limit for a rented-out property is provisioned.
- Tax deduction on principal repayment: Under Section 80C of the Income Tax Act, 1961, clients can claim a deduction of up to Rs. 1.5 lakh on the principal repayment of a home loan.
- Tax benefits on joint home loans: In the case where a home loan is applied for jointly, each client can claim tax benefits on the interest paid and the principal repayment, proportionate to their share in the loan.
- Tax benefits on pre-construction interest: Clients will be able to claim a tax deduction on the interest paid during the pre-construction period, in five equal instalments, starting from the year in which construction is completed.
- Tax benefits on stamp duty and registration charges: Clients will be able to claim a deduction on stamp duty and registration charges paid while purchasing a house, subject to a maximum limit of Rs. 1.5 lakh under Section 80C.
NOTE: Tax benefits mentioned above may be subject to changes in tax laws and regulations. Potential clients are advised to consult a tax expert for detailed information on the tax benefits of home loans.
Conclusion:
Housing loans in Coimbatore are an excellent investment in 2025, both for end-users and investors. Housing loan schemes come with competitive interest rates, long tenures, and good tax benefits with mortgage interest repayments. Therefore, purchasing a home in Coimbatore is affordable and beneficial financially, making it a sound investment. The home loan process is made even easier with the backing of great lenders in the market.
NoBroker makes your journey simple for acquiring a home loan. You can compare offers from lenders, check eligibility, and apply for them online without paying a broker’s fees
