Chennai Personal Loan

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.  
 

Top Personal Loan Providers in Chennai

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/ NBFCLoan AmountInterest Rate (p.a)TenureProcessing Charges
HDFC BankRs. 50,000 - Rs. 40 lakhs10.50% - 21%1 - 5 yearsUp to 3.5% 
ICICI BankRs. 50,000 - Rs. 25 lakhs10.50% - 19%1 - 6 yearsUp to 2.50% + GST
Kotak Mahindra BankRs. 50,000 - Rs. 20 lakhs10.50% onwards1 - 5 yearsUp to 2.50% + GST & other levies
Bajaj FinservUp to Rs. 25 lakhs13% onwards1 - 5 yearsUp to 4.15% + taxes
IDFC First BankUp to Rs. 20 lakhs10.49% onwards1 - 5 yearsUp to 2.50% + GST
Yes BankRs. 1 lakh - Rs. 40 lakhs10.99% onwards1 - 5 yearsUp to 2.50% + taxes
Tata CapitalRs. 75,000 - Rs. 25 lakhs10.99% onwards1 - 6 yearsUp to 2.75% + GST

Is it Possible to Get a Personal Loan in Chennai with Bad Credit?

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.

Features & Benefits of Personal Loans in Chennai

  • You can apply online and get an emergency cash loan in Chennai.
  • Avail of a loan up to Rs. 40 lakhs for any personal or business requirements.
  • Personal loan interest rates in Chennai start from just 10.49% p.a. 
  • The loan can be repaid within 1 to 6 years of tenure in affordable EMIs. 
  • You also get the facility to make part and full prepayment of the loan at nominal charges of 2% to 5%.

Personal Loan in Chennai with Low Interest

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.

How to Apply for a Personal Loan in Chennai?

  • Got to the Personal Loan page of our website.
  • Fill in all the needed basic details and upload soft copies of the documents if available.
  • Enter the OTP received and click on the Verify button.
  • Select your employment details.
  • Fill in your date of birth, PAN number, employer’s name, and monthly income.
  • Write the loan amount required by you.
  • Select your salary account banker.
  • Enter your complete address.
  • Compare & choose from the offers displayed on your screen.
  • Click on the Econnect button and submit your loan application.
  • Our representatives will contact you soon for loan processing.

 

HDFC Personal Loan

Eligibility Criteria for Personal Loans in Chennai

  • Minimum age: 21 years for salaried and 25 years for self-employed.
  • Maximum age: 60 years for salaried and 65 years for self-employed.
  • Nationality: You should be an Indian resident.
  • Profession: Salaried, self-employed professional or self-employed non-professional.
  • Income for self-employed: Minimum annual turnover of Rs. 15 lakhs and minimum Profit After Tax of Rs. 2 lakh, as per audited financials.
  • Income for salaried: Rs. 25,000 per month.
  • Work experience for salaried: Minimum 1 year, with 6 months served at the current company.
  • Work experience for self-employed: Minimum 3 years experience in the current profession.
  • Credit score: If you need an instant loan in Chennai, you must have a minimum credit score of 750 or above.

Documents Required for Personal Loans

KYC documents: To establish proof of identity, address, and date of birth.

Documents for KYC

  • PAN Card
  • Aadhar Card
  • Driving Licence
  • Voter ID
  • Passport
  • Rent Agreement

Proof of Income

For Salaried Employees:

  • Employee ID card/ Employment certificate from the current employer
    Salary slips of previous 2 months
  • Salary Account Bank Statements for the previous 3 months
    IT Returns along with Form16 for the past two years

For Self-employed (including professionals and business owners):

  • Financial statements like Balance Sheet and Profit & Loss Statement
    IT Returns for the last 2 years
  • Bank Account Statement to establish proof of continuity (of business income) GST Registration

Besides, you are required to submit a duly filled application form, along with 2 passport-sized pictures with these documents for a Chennai Loan.

Best Personal Loans Online

Get instant personal loan up to Rs. 20 Lakhs at interest rate of 10.25% p.a. onwards and tenure up to 5 years. Apply online for quick processing and disbursal.

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