Personal Loan 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.

• 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%.

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, and P2P lending platforms, or try to secure a loan against an asset, such as property, gold, stocks, deposits, mutual funds, etc.

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.

• 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.

• 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.

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 for the 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.