Personal Loan Chennai

Get Quick & Easy Instant E-approval, Special Offers, Best interest rates and lowest EMI options from all major banks in Chennai.




Personal Loan Chennai Details
Interest Rates 11.49% - 26.00%
Processing Fee 0.99% - 3.00%
Pre payment charges Nil - 5.00%
Repayment Period Upto 7 years
Cibil Score Min. 750
Lowest EMI Rs. 2199.26 per lac
Bank Interest Rates
HDFC Bank 11.29 - 19.50%
ICICI Bank 11.29 - 17.99%
Bajaj Finserv 11.49 - 16.00%
Fullerton India 19.50 - 37.00%
Kotak Mahindra 11.50 - 20.00%
IndusInd Bank 12.99 - 17.00%
Standard Chartered 11.99 - 15.00%
Bank Processing Fee Pre Payment Charges
Bajaj Finserv Upto 2.00% Upto 4% post 1st EMI clearance
ICICI Bank 0.8 - 2.00% 0 or 5.00%
Axis Bank 2.00% Nil
Kotak 1.5 - 2.00% 5.00%
HDFC Bank 0.8 - 2.00% 4.00%
Fullerton India N.A. Upto 7.00%, 0% after 3 years
Banks Providing Loans
SBI Personal Loan Bajaj Finance Personal Loan ICICI Bank Personal Loan
Standard Chartered Personal Loan HDFC Bank Personal Loan Kotak Bank Personal Loan
UBI Personal Loan Tata Capital Personal Loan IndusInd Personal Loan
HSBC Personal Loan IDBI Bank Fullerton Personal Bank
Axis Bank Personal Loan Bank of Baroda Personal Loan BOM Personal Loan

A positive sign of recovery soon be visible as the government has relaxed the rules for FDI norms. The new policy taken on 30th Oct, 14 by union cabinet for real estate industry is certainly going to be beneficial for entire country in general and for Chennai in specific. Although, the investors have gained YoY appreciation but this appreciation differs according to location and market segments.

Even though the city has a large number of high mid income group but due to increase in demand sometimes we realize shortfall of funds to meet the expenses. Old loans with high interest rate taken in haste, causes a hole in our pocket. In order to repay this interest burden, one may opt for personal loan.

In our unpredictable life we sometimes face medical need in our family. Monthly remuneration is not enough to meet expensive medical cost. At this time of need personal loans proves to be of great help. As a safe investment option buying a piece of land sometime leaves us in short of fund. An easy accessibility to a debt instrument like personal loan easily resolves our problem.

To mark a memorable marriage and hosting superb banqueting charge its own price and to meet this expense a number of banks are in fray to offer personal loan at competitive interest rates.

You can get Lowest Interest Rates on Personal loans if you are working in these Companies at Chennai:

  • Cognizant Technology Solutions
  • Tata Consultancy Services
  • Infosys
  • iNautix Technologies
  • Scope International
  • HCL Technologies
  • Wipro
  • Accenture
  • Amazon.com
  • Mahindra
  • Computer Sciences Corp
  • Hewlett-Packard
  • CSS Corporation
  • Photon Infotech
  • Satyam
  • Mphasis
  • Sutherland Global Services
  • Polaris FT
  • Virtusa
  • Zoho

Eligibility or Loan Amount in Chennai

Depends on your Credit Score, Bank Policies, Company in which you are working, your Income or salary, Area in which you are live, Work experience etc. Or better to pay your credit cards or loan amounts on time to get more loan amount from banks at the time of apply new personal loans.

Documents required to get Personal Loan in Chennai

Following documents are required by financial institutions to process the loan application:
In case of Salaried
  • Identity Proof
  • 3 to 6 months Bank statements
  • Residence Proof
  • Salary slip
  • Guarantors & their same set of documents
In case of Self Employed
  • Balance Sheets
  • Profit & Loss Account
  • Partnership Deed & other mandatory documents etc.