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Personal Loan in Chennaiadmin2023-11-07T05:25:00+00:00
Personal Loan in Chennai
Chennai, the capital city of Tamil Nadu, is known as the “Detroit of South Asia”. It is famous for its automobile industry, IT and educational centers. The city has a large portion of the cosmopolitan crowd that belongs to the mid-income group. Usually, people require a personal loan for paying their medical bills, for home renovations, weddings expenses or for other personal needs. Personal loans are the best option in the time of emergency as the loan is provided instantly.
Personal loan in Chennai can easily be availed as it unsecured, which means you don’t need to provide an asset as security to get the loan. The loan is provided at a reasonable interest rate which is considerably lower than most forms of debt. It is provided instantly with minimal documentation and processing time. It is advisable to do proper research to gather enough information about the interest rates, processing fees, pre-payment charges and flexibility of repayment tenure to avoid making a wrong decision. People often tend to fall in the trap of private lenders who charge very high-interest rates. Applying online for personal loans is always considered ideal as here you don’t have to go through a lot of trouble to avail loans. The entire process happens online and the bank you applied to make a purchase decision based on your application. For availing a personal loan, certain things are taken into account by the lender such as credit history, monthly salary, and your age. If you are of minimum age and have a decent credit history and adequate monthly salary then you will be able to avail a personal loan at low-interest rates.
Personal Loan Interest Rate In Chennai
| Loan Provider | Interest Rate | Processing fees | Tenure | Loan Amount |
|---|---|---|---|---|
| Hdfc Bank | 11.49% – 20% | 0.5%-2.5% of loan amount | 12-60 mths | 50k-30 lakhs |
| Icici Bank | 11.49% – 20% | 1%-2.5% of loan amount | 12-60 mths | 50k-25 lakhs |
| Axis Bank | 11.99% – 22% | 2% of loan amount | 12-60 mths | 50k-20 lakhs |
| Citibank | 11.75%-20% | 0.25-1% of loan amount | 12-60 mths | 1-25 lakhs |
| Kotak Bank | 11.99% – 22% | 2% of loan amount | 12-60 mths | 50k-15 lakhs |
| Yes Bank | 10.75% – 18% | 0.5%-2.5% of loan amount | 12-60 mths | 50k-30 lakhs |
| Bajaj Finserv | 13% – 16% | 2% of loan amount | 12-60 mths | 1-25 lakhs |
| Standard Chartered | 11.50% – 18% | 0.5%-2% of loan amount | 12-60 mths | 50k-25 lakhs |
| IDFC Bank | 11.50% – 18% | 0.5%-2.5% of loan amount | 12-60 mths | 50k-30 lakhs |
| Capital First | 12.5% – 22% | 2% of loan amount | 12-60 mths | 50k-20 lakhs |
| Fullerton India | 13.5% – 20% | 1% – 3.5% of loan amount | 12-60 mths | 50k-20 lakhs |
| Indusind Bank | 11.99% – 23% | 2% of loan amount | 12-60 mths | 50k-20 lakhs |
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Personal Loan Eligibility Criteria in Chennai
| Age | 21 Years to 60 Years |
| Educational Qualification | Graduate |
| Income | Above 20 k Per Month |
| Bank Account | Salary Account In a Recognised Bank |
| Work Experience | 12 Months |
| CIBIL Score | 720 and Above |
Documents Required for Personal Loan in Chennai
KYC Documents
Identity Proof – PAN / Passport / Driver’s License / Voter ID card / Aadhaar card, etc.)
Address Proof– Passport / Aadhaar card / Landlines Telephone Bill / Electricity Bill, Ration Card, etc.)
Aadhar Card Copy.
2 Passport Size photographs.
A/C Statement
Bank statements of the last 6 months
Details of the previous loans and A/c Statement for last 1 year, if any
For Salaried Employees
Form 16 or IT returns – last 2 years
Salary slips for last 3 months
For Self-Employed
Income Tax Returns
Turnover proof/service tax returns
Proof of business continuity
Balance sheet for the last 3 years
Address proof of the work place
Qualification or registration proof required for Self-employed Professionals
List of Bank Branches for apply personal loans in Chennai
| Bank Name | Address | Pincode |
|---|---|---|
| Hdfc Bank | 26, East Coast Rd, Ambedkar Nagar, Kamaraj Nagar, Thiruvanmiyur, Chennai, Tamil Nadu | 600041 |
| Hdfc Bank | 731, 32, Balfour Road, Kilpauk, Chennai, Tamil Nadu | 600010 |
| Hdfc Bank | 8/160 / 161, Bank House, LB Rd, Chennai, Tamil Nadu | 600041 |
| Hdfc Bank | 37, 1st Ave, Shastri Nagar, Adyar, Chennai, Tamil Nadu | 600020 |
| Icici bank | Anna Salai, Thousand Lights East, Triplicane, Chennai, Tamil Nadu | 600006 |
| Icici bank | Conron Smith Rd, Gopalapuram, Chennai, Tamil Nadu | 600086 |
| Icici bank | Plot No.10, Block 6, Brindawan Colony, Moggappair West, Chennai, Tamil Nadu | 600037 |
| Icici bank | 2/1, LB Rd, Padmanabha Nagar, Adyar, Chennai, Tamil Nadu | 600020 |
| Axis bank | Thanikachalam Rd, Parthasarathi Puram, T. Nagar, Chennai, Tamil Nadu | 600017 |
| Axis bank | No.30, Rattan Bazaar Road, Rattan Bazaar, Parrys, Chennai, Tamil Nadu | 600003 |
| Axis bank | 3/143, East Coast Road, Neelankarai, Chennai, Tamil Nadu | 600041 |
| Axis bank | 74, Nallathambi Main Rd, Pammal, Chennai, Tamil Nadu | 600075 |
| kotak bank | Ground Floor, Capitale, 555, Anna Salai, Thiru Vi Ka Kudiyiruppu, Teynampet, Chennai, Tamil Nadu | 600018 |
| kotak bank | Venkatanarayana Rd, Parthasarathi Puram, T. Nagar, Chennai, Tamil Nadu | 600018 |
| kotak bank | Door No 127/1-A, Jade Terrace,Ground Floor and Mezanine Floor, Balfour Road, Davidpuram, Kilpauk, Chennai, Tamil Nadu | 600010 |
| kotak bank | 41, 43, Madras Thiruvallur High Rd, North High Court Colony, Ambedkar Nagar, Villivakkam, Chennai, Tamil Nadu | 600049 |
| Indiabulls | 1st Floor, Plot No.1/129, Trunk Rd, Iyyappanthangal, Chennai, Tamil Nadu | 600056 |
| Indiabulls | KB Dasan Rd, Seetammal Colony, Seethammal Colony, MIG Colony, Alwarpet, Chennai, Tamil Nadu | 600018 |
| Indiabulls | Jagadambal colony, Sripuram, Durgapuram, Mylapore, Chennai, Tamil Nadu | 600004 |
| Indiabulls | 149, 2nd Ave, AC Block, Anna Nagar, Chennai, Tamil Nadu | 600040 |
| Citibank | 163, Anna Salai, Express Estate, Royapettah, Chennai, Tamil Nadu | 600002 |
| Citibank | 50, C.P. Ramaswamy Road 3rd Street Abiramapuram, Alwarpet, Chennai, Tamil Nadu | 600018 |
| Indusind Bank | 76, Nelson Manickam Rd, Aminjikarai, Rajaram Mehta Nagar, Aminjikarai, Chennai, Tamil Nadu | 600029 |
| Indusind Bank | J C. House, Grd Flr, Main Building No.72 Opp. Beach Station, Rajaji Rd, George Town, Chennai, Tamil Nadu | 600001 |
| Indusind Bank | Periyar Nagar West, Perambur, Chennai, Tamil Nadu | 600082 |
| Indusind Bank | No 1 & 2, Lakshmi Ammal Street, Ayyavoo Colony, Aminjikarai, Chennai, Tamil Nadu | 600029 |
| Fullerton India | First Floor, 149, 2nd Ave, AC Block, Anna Nagar, Chennai, Tamil Nadu | 600040 |
| Fullerton India | Third Floor, No – 165 Megh Towers, PH Road, Maduravoyal, Chennai, Tamil Nadu | 600095 |
| Fullerton India | Shop No. 392, Anna Salai, Saidapet, Chennai, Tamil Nadu | 600015 |
| Capital first | 1st Floor, Number – 455 Amarasri Building Near SIET College, Anna Salai, Teynampet, Chennai, Tamil Nadu | 600018 |
| Capital first | D J Complex Number – 52, 1st Floor, Trunk Road, Karayanchavadi, Poonamallee, Chennai, Tamil Nadu | 600056 |