Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 32 Chennai Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99%
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • Chennai Personal Loan is Rated as "Great!" by 13177 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Chennai Personal Loan

    Apply for Personal Loan

    Chennai, a busy city, is the capital of Tamil Nadu. It is located on the Coromandel Coast on the Bay of Bengal in the eastern part of the country. The city has a population of around 46.5 lakh people. The city attracts medical tourism on a yearly basis very successfully. It has famous financial, cultural, IT, and educational centres that have been functioning for several years.

    If you are in need of reliable financial assistance for your personal needs, you can apply for a personal loan from any of the banks or non-banking financial companies (NBFCs). Personal loans are typically unsecured in nature. However, if you need a secured loan, you could take a personal loan against shares, against gold, or against mortgage.

    In Chennai, there are top lenders that provide loans through online and offline methods. You can select your lender depending on your requirement and repayment capacity. If you buy online, you can enjoy paperless documentation, make comparisons of interest rates, fees, and other charges.


    You’re probably eligible for an Chennai Personal Loan if you are

    01
    02
    03
    04
    Chennai Personal Loan Minimum Age

    At least 21 years old

    Chennai Personal Loan Maximum Age

    Less than 65 years old

    Chennai Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Chennai Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Chennai Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Chennai Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Chennai Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Chennai Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Chennai Personal Loan amount by these steps

    01
    02
    Chennai Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Chennai

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Chennai Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Chennai Personal Loan Interest Rates Updated on 20 Nov 2018

    Chennai Personal Loan Details
    Interest Rate (Monthly reducing balance) 10.99% to 24% p.a.
    Processing Fees Up to 2.5% of the loan amount
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loan in Chennai

    Personal loans in Chennai are offered by some of the top banks and NBFCs in the country. All banks offer secured and unsecured personal loans. In the case of unsecured loans, banks offers loans ranging between Rs.50,000 to Rs.40 lakh without any collateral. Personal loans are offered to customers based on their annual income, the company their employed, etc. Some of the top banks offering personal loans are ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, etc. To compare loan offers between banks, customers can facilitate the use of financial portals such as BankBazaar.

    Personal Loans offered by Various Lenders in Chennai

    A few of the prominent banks and non-banking financial companies (NBFCs) that offer personal loans in the city include:

    • State Bank of India (SBI)
    • Aditya Birla
    • Tamilnad Mercantile Bank
    • Tata Capital
    • ICICI Bank
    • Indian Bank
    • Andhra Bank
    • Axis Bank
    • HDFC Bank
    • Kotak Mahindra Bank
    • Fullerton India
    • Oriental Bank of Commerce
    • Standard Chartered Bank
    • Citibank
    • Syndicate Bank
    • Punjab National Bank
    • Corporation Bank
    • Karur Vysya Bank

    How do I get a Personal Loan with the lowest interest rate in Chennai?

    When availing a personal loan most people go for the bank holding their salary account as the paperwork becomes a lot more relaxed and the process faster. While for some this might work perfectly, looking out for loans offered by numerous banks and NBFCs offering loans at the best interest rates is the best way forward. Other than that, there are a few other factors that will positively affect your loan interest rate. If you’re availing a loan, listed below are a few areas you need to look into or take care of if you wish to get the lowest interest rate on your loan:

    Credit score - Ensuring that your credit score is optimum is imperative when availing a personal loan. Having a high credit score will result in you getting a loan at a lower interest rate and vice versa. A credit score above 750 is satisfactory when availing a personal loan .

    Make a down payment - Putting down a sizeable down payment is sure to get you a better interest rate on your loan. Anything upward of 20% of your loan amount will surely positively affect the interest rate that is offered to you.

    Debt-to-income ratio - Making sure that you have a stable debt-to-ratio will firstly decide whether your loan will be approved and secondly will affect the interest rate on your loan. Debt-to-ratio is the amount one earns against his/her credit bills, loans, etc.

    Look around for the best loan interest rates on offer - Facilitating the use of financial portals such as BankBazaar will help you when shopping around for loans offering the best interest rates. The BankBazaar website compares the loan interest rates of all its partner banks and makes it easier for customers to make a decision.

    Tenure - Choosing your tenure directly reflects on the interest rate added to the loan amount. Choosing a shorted tenure will result in you having a much less interest rate - though the EMIs will considerably low. The interest rate increases with the length of the payback period.

    Employee stability and the company you work for - The number of years of experience and the company you work for plays a vital role whether firstly your loan will be approved and secondly the interest rate on the loan. Working for an established company only increases the bank's trust of you repaying the loan.

    Always negotiate - While most people readily agree to the interest rate on the loan offered by the bank, negotiating on the interest rate is a necessity. If you’re a customer availing a loan from the bank holding your salary, you have a better chance of making a negotiation.

    Personal Loan Interest Rates in Chennai 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 10.99% to 24% p.a. Up to 2.5% of the loan amount along with GST or service tax Rs.50,000 to Rs.15 lakh 1 to 5 Years
    Fullerton India 11.99% to 23.99 p.a. Information not provided. Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals 1 to 4 Years
    Bank of Baroda 11.35% - 14.35%Fixed Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 11.85% to 14.70% p.a. 1% Rs.25,000 to Rs.15 lakh Up to 84 months
    Aditya Birla 14% to 26% p.a. Nil Rs.25,000 to Rs.15 lakh 6 to 36 months
    Allahabad Bank Information not provided 1.06% of loan amount Information not provided. 1 to 5 Years
    Yes Bank 14% (Fixed) Up to 2%One time fee Rs.20 lakh (Max) 1-5 Years
    .

    Salary requirements to avail Personal Loans in Chennai

    When availing a personal loan in Chennai, the salary requirements change from bank to bank. When looking for the bank offering the best interest rates, make sure to look out for the minimum salary requirement of the bank as well.

    • For salaried individuals - Banks have a minimum salary requirement between Rs.7,500 and Rs.50,000 for salaried individuals.
    • Self-employed individuals - Those having their own business should provide proof of income and most banks have an income requirement of Rs.1 lakh to Rs.2 lakh (profit) annually.

    Chennai Personal Loan FAQs

    1. What is the tenure range of personal loans?

      Most banks offer loans for a tenure of 1 to 5 years. The tenure decides the interest rate, the EMIs to be repaid to the bank monthly, etc.

    2. What documents are required when applying for a personal loan?

      You will need to submit your regular KYC documents (address and identity proof) - Passport, Aadhaar card, Voter’s ID, driving licence, any government employee card, etc. Apart from that, you will have to submit your payslips, last two years IT Returns, last six months bank statements, etc.

    3. Are there any additional charges for personal loans?

      You will have to pay the processing fee upfront when availing a loan. Apart from this there are no additional charges unless a prepayment is made.

    4. Will the loan be disbursed at once or in stages?

      Once your loan application has been approved by the bank or NBFC, the loan will be disbursed all at once. There is no option of splitting the disbursal.

    5. Can I prepay a loan after a couple of months?

      Most prepayment requirement for most banks is six months from the point of disbursal. Pre closing the loan in two months would not be a possibility. You would have to pay prepayment charges on the outstanding balance.


    Chennai Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      It has been a good experience which i had with this loan and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been nominal when compared with the market rate and there has not been any additional charges which has been made by them. Their customer support has also been responsive as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 19, 2018
    • HDFC Bank Personal Loan
      "Interest rate should be flexible"
      0.5 4.0/5 "Great!"
      Only one time I called them for the loan process, the documentation is good but the interest rate is high. They not ready to reduce the interest though I visited directly to the bank and RD account they are taking foreclosure charges around 2%.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 19, 2018
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with HDFC bank, the rate of interest they have charged me was up to 16% only which was nominal and the loan amount which they have given me was less as per my expectation , and the processing fee they have charge me was up to 4000 which is nominal but i have problem with tenure period like i expected up to 5 years but i got just 3 years only.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service from past 6 months and the service is excellent customer support team is very pro-active they follow up as i have applied for credit card from bank bazaar i came know about bank bazaar from social media as it pop up the bank bazaar image and i have been using both website and application both are good to access.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 19, 2018
    • Cashe Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Cash E recently like it have been just 3 months, they loan amount have given me less as per my expectation like i have expected up to 27000 and the rate of interest they have charge me in nominal, and they have charged processing fee up to 1000-2000 which was nominal for me.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Integrated loan website"
      0.5 5.0/5 "Blown Away!"
      I have started using the bankbazaar website for past 1 year. One of my colleague who recommended me about the bankbazaar website. Response and service is fine in this website. Customer care service response was fine when i spoke with them. Good website to get a loan and its looks more attractive. Their is no confusion to use the website
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Early Salary Personal Loan
      "Excellent app"
      0.5 5.0/5 "Blown Away!"
      I have applied the loan amount of Rs. 10 K and they have sanctioned the same. Interest rate which i paid was rs. 1 K. I have chosen the tenure period of 1 months. This is spot approval loan. Within 5 minutes i have received my loan. There is a documentation process when i register online in their app.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this loan has not been that great where the interest rate with them has been high when compared with the market rate and there has been 0.5% of charges with them as well. But there has been good response from their side.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience i had with this loan and the loan amount which they had provided has also been good. The process in getting this loan has been good and they had some good offers with it. There has not been any charges with them and the interest rate with them has been around 17%.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Bank Bazaar Personal Loan
      "Excellent website"
      0.5 5.0/5 "Blown Away!"
      This is the first time i have used the bankbazaar website. The customer care representative has given the proper suggestion regarding the different companies. The customer care people are helping at a right time and immediate response. I'm using the bankbazaar app which is excellent to use.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Incred Personal Loan
      "Very Good customer service"
      0.5 5.0/5 "Blown Away!"
      They are really helping the customers. I have received the loan amount as they have promised. According to my eligibility i have applied the loan amount of Rs. 2.5 lakhs but in terms of their terms and condition they have given only 2 lakhs. I got the interest rate of 24%. I have to pay the EMI of Rs. 7429 with the tenure period of 36 months. I'm happy about the customer care services.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Bank Bazaar Personal Loan
      "Good Customer care service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar people were quick and fast. When i sent all the documents they have processed the loan quickly. I searched in online and i came across of bankbazaar website. I have a bankbazaar app with me and I have started using this for 9 months ago. The app is good and easy to use and the update is bit slow for different mobiles and that has to be improved. They are doing excellent job on the customer care part.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • ICICI Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      For my elegibility they have provided the loan service in ICICI. They have provided the highest interest rate which is 15.5% for one year. I have bought the loan of Rs. 1 lakh. The documentation process was fast and i have received the loan on time. I have no complaints on the overall loan services.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with bank bazaar. The representative called me immediately and they connected with the bank. I have used the online portal and mobile application. Both the services are good and it was easy to operate. I got the regular updates so I just tried for the personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • Cashe Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have taken my personal loan with CASHe. The interest rate was moderate. The process was happened in one week. The documentation process was simple and i had uploaded through their app. I have taken 25K and it will be repaid in 3 months. They have charged almost 2000 rupees for processing.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • Early Salary Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am taking an instant loan with Early Salary which was really good. They charge penalty for exceeding due dates. Based on the credit score, they are giving money without any source. I had submitted the documents for the first time on the site and executive came for verification.The rate of interest was high.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • HDFC Bank Personal Loan
      "Best In Need"
      0.5 5.0/5 "Blown Away!"
      There was aN immediate response at the time when i have submitted my application for personal loan. I was in a need of money and as i hold a salary account with HDFC i applied with them . It got processed in 10 minutes and There was a less documentation work.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 17, 2018
    • Fullerton Personal Loan
      "Recommendable personal loan"
      0.5 2.0/5 "Expected more"
      I have taken the personal loan with Fullerton 7 months ago. I had applied for the balance transfer because they have provided the highest interest rate and i just want to apply for a new top up also. The loan process is good and the executive were taken care of all the things. They have given me a interest rate 33% which is higher to other companies.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • Bank Bazaar Personal Loan
      "They correlate all the bank"
      0.5 4.0/5 "Great!"
      Bankbazaar is a very good website and its package with all kind of financial products and i use the web browser for opening the website. I have been using the bankbazaar website for last 4 months. I have received a advertisement mail from bankbazaar through that i come to know about this website
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    • Early Salary Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I don't have much interaction with the voice call and the mobile app is not upto the mark. I have received the loan on time. Whenever i have doubt, i will raise the query through the app. The app is not so great as per my expectation. They do not have any contact number to communicate with it. They have provided the satisfied interest rate and i do not need to provide any documents to provide the loan. Overall, its a easy process.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.