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Personal Loan in Chennai

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.  

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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

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%.

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.

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.

Navi Personal Loan @9.9% p.a

Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.9% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.

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