Get instant personal loan in Chennai up to Rs. 40 lakhs at starting interest rate of 10.49% p.a. And processing fee up to 4.15% p.a. Repay the borrowed amount in 1 to 6 years via affordable EMIs.
Below are some of the best personal loan providers available in Chennai. You can get a loan up to Rs. 40 lakhs at an interest rate of 10.49% p.a. Onwards in Chennai.
|Bank/ NBFC||Loan Amount||Interest Rate (p.a)||Tenure||Processing Charges|
|HDFC Bank||Rs. 50,000 - Rs. 40 lakhs||10.50% - 21%||1 - 5 years||Up to 3.5%|
|ICICI Bank||Rs. 50,000 - Rs. 25 lakhs||10.50% - 19%||1 - 6 years||Up to 2.50% + GST|
|Kotak Mahindra Bank||Rs. 50,000 - Rs. 20 lakhs||10.50% onwards||1 - 5 years||Up to 2.50% + GST & other levies|
|Bajaj Finserv||Up to Rs. 25 lakhs||13% onwards||1 - 5 years||Up to 4.15% + taxes|
|IDFC First Bank||Up to Rs. 20 lakhs||10.49% onwards||1 - 5 years||Up to 2.50% + GST|
|Yes Bank||Rs. 1 lakh - Rs. 40 lakhs||10.99% onwards||1 - 5 years||Up to 2.50% + taxes|
|Tata Capital||Rs. 75,000 - Rs. 25 lakhs||10.99% onwards||1 - 6 years||Up to 2.75% + GST|
Most personal loan providers in Chennai require you to have a credit score of 700 or above for a personal loan. If you have a score below 750 and need a low CIBIL score personal loan in Chennai, you can look for different alternatives. You can apply through instant loan providing apps in Chennai, P2P lending platforms, or try to secure a loan against an asset, such as property, gold, stocks, deposits, mutual funds, etc.
You can apply for an instant personal loan in Chennai with a low interest rate through MyMoneyMantra. We have partnered with 100+ banks, NBFCs and other financial institutions, which gives you access to a plethora of personal loan options. You can search, compare and apply online for a loan instantly through our website.
KYC documents: To establish proof of identity, address, and date of birth.
Documents for KYC
Proof of Income
For Salaried Employees:
For Self-employed (including professionals and business owners):
Besides, you are required to submit a duly filled application form, along with 2 passport-sized pictures with these documents for a Chennai Loan.
Ahead of festival season, Kotak Mahindra Bank has announced Rs 999 flat processing fee offer on Personal Loans. Customers can avail of instant approvals on personal loan applications up to Rs. 20 Lakhs at lowest interest rate starting at 10.25% p.a for maximum of 5 years.
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