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Personal Loan in Chennai - Apply Online @10.89%

5 stars based on 15 reviews

How much would you like to borrow?

Choose an amount between ₹50,000 and ₹5,000,000.

Loan Amount

25K9L17L25L33L42L50L
Interest Rate

%

10.5%15.5%20.5%25.5%30.5%40%
Tenure

mo

12m22m32m42m52m60m
Personal Loan EMI Calculator
Loan EMI
23,537
Total Interest payable
64,888
Total Payment
(Principal + Interest)
5,64,888
Break-up of Total Payment
Interest Amount (₹64,888)
Loan Amount (₹5,00,000)
Bank/NBFCInterest RateEMIProcessing Fees Part PaymentApply Now

15.5% - 21.5%

(Fixed)

4668

Up to 2.50% + GST as applicable

Apply

11.25% - 22%

(Fixed)

4680

Upto 2.25% + GST as applicable

Apply

15.75% - 24%

(Fixed)

4728

1.50% to 2.00% + GST as applicable

Apply

10.99% - 24%

(Fixed)

4728

Upto 2.5% + GST as applicable

Apply

17.99% - 18.99%

(Fixed)

4608

2.00% - 3.00% + GST as applicable

Apply

12.99% - 24%

(Fixed)

4728

Up to 3.99% + GST as applicable

Apply

10.5% - 19%

(Fixed)

4608

Upto 3% + GST as applicable

Apply

11.25% - 30%

(Fixed)

4874

Up to 2.50% + GST as applicable

Apply

11.25% - 19%

(Fixed)

4608

1.50% to 2.00% + GST as applicable

Apply

12% - 18%

(Fixed)

4584

1.99% + GST as applicable

Apply
Rate of Interest is high ?
Rate of Interest is high ?

Try Applying for a higher Loan Amount as most bank reduce interest rates as loan amount increases

Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

Financebuddha can help you consolidate all your loans into one to increase your eligibility

Personal Loan in Chennai Details

Personal Loan in Chennai

A personal loan in Chennai will help you complete all your monetary temporary needs. Whether it is a month old holiday that you have in plan or a desire to buy your favorite gadget, it is totally possible with a personal loan that is offered by various banks in Chennai. It’s time to start comparing and choosing the best bank that offers the best loan amount with low rate of interest.

Personal Loans are available as low as from 10.89% interest rates. The rest is dependent on the credit score and the income of each individual and of course the location where the applicant is located. Find your magical number now through Finance Buddha and make your dream a reality.

How Finance Buddha can help you get a Personal Loan in Chennai?

If you are in search of finding personal loan in Chennai from a bank that offers lowest interest rates, then the best place to look out for is Finance Buddha. Here you will get an option to compare the interest rates, processing fees and other charges and can accordingly decide which bank to choose for personal loan requirements.

Personal Loan Eligibility Criteria in Chennai

Like you all know, there eligibility criteria will differ from bank to bank, but to certain extend it will be same.

  1. Age of the applicant should be between 21-60 Years
  2. Salaried individual with minimum income of ₹30,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
  3. Should be staying in the city for at least 1 Year
  4. Total work experience should be at least 2 Years
  5. You would require basic documentation such as your address proof, identity proof, latest bank statements etc.

Personal Loan Interest Rates, Fees & Charges in Chennai

The rate of interest, charges and fees vary from bank to bank. The list of these details is given below for applying a personal loan in Chennai.

Personal Loan in Chennai Interest Rates
Interest Rates 10.89% – 36.00%
Processing Fees 1% – 5.00%
Pre-payment Charges Nil – 5.00%
Repayment Period Upto 5 years
CIBIL Score Min. 750
Lowest EMI ₹1075

Personal Loan Offers from 19 Banks / NBFCs in Chennai (updated 17 Jun,2019)

Bank / NBFC

Institution Type

Minimum Loan Amount

Maximum Loan Amount

Minimum Tenure

Maximum Tenure

APR

Fees & Charges

Aditya Birla Finance Ltd

NBFC

 ₹25,000

 ₹50,00,000

12 months

60 months

16.85% - 17.85%

1% + GST as applicable

Arohan Financial Services Ltd.

NBFC

 ₹1,100

 ₹50,000

3 months

24 months

20.70% - 26.99%

1% + GST as applicable

Axis Bank

Bank

 ₹50,000

 ₹15,00,000

12 months

60 months

15.75% - 24.00%

1.50% to 2.00% + GST as applicable

Bajaj Finserv

NBFC

 ₹50,000

 ₹25,00,000

12 months

60 months

12.99% onwards

Up to 3.99% + GST as applicable

Capital First

NBFC

 ₹1,00,000

 ₹25,00,000

12 months

60 months

12.00% - 18.00%

1.99% + GST as applicable

Citibank

Bank

 ₹25,000

 ₹30,00,000

6 months

60 months

17.99% - 18.99%

2.00% - 3.00% + GST as applicable

Fullerton

NBFC

 ₹50,000

 ₹20,00,000

12 months

60 months

20% to 40%

Up to 6.5% + GST as applicable

HDB Financial Services Ltd.

Bank

 ₹1,00,000

 ₹20,00,000

12 months

60 months

12% - 36%

Up to 2% + GST as applicable

HDFC Bank

Bank

 ₹1,00,000

 ₹25,00,000

12 months

60 months

15.50% - 21.50%

Up to 2.50% + GST as applicable

ICICI Bank

Bank

 ₹50,000

 ₹20,00,000

12 months

60 months

11.25% to 22.00%

Up to 2.25% + GST as applicable

IDFC

Bank

 ₹50,000

 ₹20,00,000

3 months

60 months

12%-19%

2% + GST as applicable

Incred

NBFC

 ₹50,000

 ₹7,50,000

12 months

60 months

12%- 24%

Up to 3% + GST as applicable

India Infoline

NBFC

 ₹1,00,000

 ₹25,00,000

12 months

60 months

13% onward

Up to 2% + GST as applicable

Indiabulls

NBFC

 ₹1,000

 ₹15,00,000

3 months

24 months

11.99% - 26%

Up to 5% + GST as applicable

IndusInd Bank

Bank

 ₹50,000

 ₹15,00,000

12 months

60 months

11.25% - 30.00%

Up to 2.50% + GST as applicable

Kotak Mahindra Bank

Bank

 ₹50,000

 ₹15,00,000

12 months

60 months

10.99% to 24%

Up to 2.5% + GST as applicable

RBL Bank Ltd.

Bank

 ₹1,00,000

 ₹20,00,000

12 months

60 months

15.5% - 23%

3% + GST as applicable

Standard Chartered Bank

Bank

 ₹1,00,000

 ₹30,00,000

12 months

60 months

10.89% - 19.00%

Up to 3% + GST as applicable

Tata Capital

NBFC

 ₹75,000

 ₹25,00,000

12 months

72 months

11.25% - 19%

1.50% to 2.00% + GST as applicable

Documents Required for a Personal Loan in Chennai

Documentations play a very important role in the personal loan approval. Unless all necessary documents are submitted with accurate information the loan will not be approved.

  1. Three passport size photographs
  2. ID Proof: Passport/voter ID/ Aadhar or drivers license
  3. Residence Proof: Passport/ Landline bill/ postpaid mobile bill/ rental agreement or Bank Statement
  4. Pan Card copy
  5. Age Proof: Passport/ driver’s license/school certificate or Pan Card copy
  6. Income Proof: Latest 3 months’ salary slips
  7. Banking Statement: 6 months bank statements
  8. Job Stability & Continuity: Offer Letter, Relieving Letter and Form 16.

Documents required for Salaried Employees:

  1. Application form and your latest photograph (2)
  2. Identity Proof: Copy of passport / voter ID card / driving license / PAN cards.
  3. Address Proof: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport.
  4. House Ownership Proof: Property Documents / Maintenance Bill / Electricity Bill
  5. Bank Statement: Last 3 months bank statement.
  6. Income Proof: Salary slip for last 3 months / current dated salary certificate with the latest Form 16.

Documents required for Self-Employed Individuals:

  1. Application form and your latest photograph (2)
  2. Identity Proof: Copy of passport / voter ID card / driving license / PAN card
  3. Address Proof: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
  4. House Ownership Proof: Property Documents / Maintenance Bill / Electricity Bill
  5. Office Address Proof: Maintenance Bill, Utility Bill
  6. Office Ownership Proof: Property Documents, Maintenance Bill, Electricity Bill
  7. Business Existence Proof: Saral Copy for 3 years, Shop Establishment Act, Any Tax Registration Copy, Company Registration license
  8. Income Proof: Latest 2 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  9. Bank Statement: Latest 1 year bank statement both current and savings.

ReviewsView All

Abhijeet Biswas

5 / 5

It was a nice experience with Finance Buddha regarding my personal loan approval. There were good follow up from their team. My personal loan was approved from the ICICI Bank at an interest rate of 11.50%.
Ashish Balan

5 / 5

My experience with Finance Buddha is very good for my personal loan application. I applied for a personal loan here a few days back. The processing started immediately after they receive the application. documentation process started from the next day and it was simple.
Muneesh Shivaji

5 / 5

I checked my personal loan eligibility through Finance Buddha website and applied online from there. I got the loan approved from Axis Bank at the rate of 17.50% P.A. The processing fees charged is 1.50%.
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