Personal Loan in Chennai

Tell us more about your requirements so that we can connect you to the right Personal Loan in Chennai

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  • 1 - 5 lakhs
  • 6 - 10 lakhs
  • 11 - 15 lakhs
  • More than 15 lakhs
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What is the purpose of the personal loan?
  • Family expenses
  • Marriage expenses
  • Medical expenses
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What is your CIBIL defaulter status?
  • Non-CIBIL defaulter (Score above 700)
  • CIBIL defaulter (Score below 700)
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Personal Loan Service Providers at Sulekha have served 355 requests in chennai since last 30 days. Find 970+ Quick, easy, fast & instant personal Loan at Lowest EMI & interest rates from Top banks like HDFC, ICICI, Axis, Kotak, SBI, Standard chartered, Indusind, Canara Bank, Citibank, Corporation Bank, etc with CIBIL/ NON CIBIL defaulter for family expenses, marriage, medical or personal purposes. The loan amount ranges from Rs. 25,000 to Rs. 25 Lakhs with a tenure period of one to five years & minimum EMI interest rate.

Best Personal Loans Providers in Chennai

as on May 25, 2019
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  • Type of loan
  • CIBIL defaulter status
  • Personal loan amount
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  1. Ajay & Co. 7
    Ajay & Co. Vadapalani, Chennai - 600026
    1 Review 5.5

    Personal Loans

    No. 22A/3, Thiru Nagar, 2nd Street, Vadapalani, Chennai - 600026
  2. Chitra Loan Consultancy Puludivakkam, Chennai - 600091

    Personal Loans

    No. 1/5, Veeraraghavan Street, Puludivakkam, Chennai - 600091
  3. Money Bees Koyambedu, Chennai - 600102

    Personal Loans

    No.127/1, City One Tower, 2nd Floor, Thiruvediamman Koil Street, Koyambedu, Chennai - 600102
  4. Balaji K West Mambalam, Chennai - 600033

    Personal Loans

    No. 1, Karunanithi Street, GR Builder, West Mambalam, Chennai - 600033
  5. Mohan S 1
    Mohan S Perambur, Chennai - 600012

    Personal Loans

    No. 10/14, 1st Lane, Subburayan 4th Cross Street, Nammalwarpet, Perambur, Chennai - 600012
  6. Aarav Financial Services 5
    Aarav Financial Services KK Nagar West, Chennai - 600078
    20 Reviews 8.5

    Personal Loans

    palanivel reviewed for Personal loans 23rd Apr, 2019

    for personal loan service provider in sulekha i would suggest him

    Eswaran reviewed for Personal loans 22nd Apr, 2019

    I would recommend this service provider from sulekha.com for personal loan in chennai

    No: PC10, Double Tank Colony, Model House Street, Backside Sivan Park, KK Nagar West, Chennai - 600078
  7. Sanjivi Consultancy Services Tambaram East, Chennai - 600059
    2 Reviews 7.6

    Personal Loans

    Prajvel reviewed for Personal loans 4th Apr, 2019

    Excellent It's really amazing we got a instant gratification....they satisfies us ....

    Hema reviewed for Personal loans 4th Apr, 2019

    Excellent customer service and flexible rate of interest for my personal loan...

    No. 65, Kannagi Street, Tambaram East, Chennai - 600059
  8. Raghunath 5
    Raghunath T. Nagar, Chennai - 600017

    Personal Loans

    No. 18, Ramakrishna Street,T. Nagar, T. Nagar, Chennai - 600017
  9. Kannan Finance Anna Nagar, Chennai - 600040

    Personal Loans

    No. 84, 18th Main Road, Anna Nagar, Chennai - 600040
  10. Yashita Banking Personal Loans 2
    Yashita Banking Personal Loans Kodambakkam, Chennai - 600024
    1 Review 6.6

    Personal Loans

    No. 11, Dhanakodiamman Street, Kodambakkam, Chennai - 600024

Latest User Reviews for Personal Loan in Chennai

as on May 25, 2019 Average Rating (4) - 813 reviews
25th May, 2019

Approaching car loan for used car to VS credit services, I am very much satisfied him services, thank you so much.

24th May, 2019

This consultant easy process for business loan and good response for clients

23rd May, 2019

Quick support and good response

23rd May, 2019

Very good service with reasonable price

23rd May, 2019

Availed Car loan from Mr .Rajesh . excellent service

22nd May, 2019

Excellent service....Formalities got completed in first half of the day and money credited in the second half

19th May, 2019 ,

Fast delivery option new vicheal ok

17th May, 2019

Excellent service, friendly approach Thank you .

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Recent Enquiries for Personal Loan in Chennai

  • Net salary: More than Rs 20,000
  • Personal loan amount: 1 - 5 lakhs
  • Personal loan purpose: Family expenses
  • CIBIL defaulter status: Not sure
  • Company Name: A &A dukaan financial
  • Tenure: 1 - 2 years
1 hour ago
  • Income range for private finance loans: Less than Rs 20,000
  • Private finance loan amount: Less than 1 lakhs
  • Employment type: Salaried
10 hours ago
  • Net salary: More than Rs 20,000
  • Personal loan amount: 1 - 5 lakhs
  • Personal loan purpose: Family expenses
  • CIBIL defaulter status: Not sure
  • Company Name: Klarity eye care private limited
  • Tenure: Less than a year
  • Net salary: More than Rs 20,000
  • Personal loan amount: 11 - 15 lakhs
  • Personal loan purpose: Medical expenses
  • CIBIL defaulter status: CIBIL defaulter (Score below 700)
  • Company Name: Sutherland global services pvt ltd
  • Tenure: More than 2 years

Recent Bookings in Loans

  • Net salary: Less than Rs 20,000
  • Personal loan amount: Less than 1 lakh
  • Personal loan purpose: Family expenses
  • CIBIL defaulter status: Not sure
  • Company Name: Vellammal new gen school
  • Tenure: 1 - 2 years
12 days ago
  • Personal loan amount: 6 - 10 lakhs
  • Personal loan purpose: Family expenses
  • CIBIL defaulter status: Not sure
  • Company Name: afflatus gravues pvt ltd
  • Tenure: More than 2 years
  • Net salary: Less than Rs 20,000
14 days ago
  • Personal loan amount: Less than 1 lakh
  • Personal loan purpose: Family expenses
  • CIBIL defaulter status: CIBIL defaulter (Score below 700)
  • Company Name: Accenture Solutions ltd
  • Tenure: More than 2 years
  • Net salary: More than Rs 20,000
14 days ago
  • Personal loan amount: 1 - 5 lakhs
  • Personal loan purpose: Family expenses
  • CIBIL defaulter status: CIBIL defaulter (Score below 700)
  • Tenure: More than 2 years
  • Net salary: More than Rs 20,000
18 days ago
  • Top 10 banks provided Personal Loan in Chennai

      • ICICI Bank
      • HDFC Bank
      • Axis Bank
      • Kotak Mahindra Bank
      • IndusInd Bank
      • CitiBank
      • Yes Bank
      • Standard Chartered
      • RBL Bank
      • Fullerton

    Eligibility Criteria for Personal Loan in Chennai

    Here are some of the eligibility criteria you need to satisfy to get your loan:

        • The borrower must be at least 23 years old
        • The borrower should not be over 65 years of age
        • The borrower can be either salaried or self-employed with a stable source of income
        • The borrower’s salary should be at least INR 15,000 a month to apply for a personal loan

    Documents Required for Chennai Personal Loan

    The list of documents for the salaried person:

        • Proof of identity- Driving license/ voter’s id/passport/ PAN card
        • Proof of residence- Leave and license agreement/ utility bill/ passport
        • Latest bank statement
        • Salary slips for last months
        • Passport size photographs

    The list of documents for self-employed:

      • KYC documents- identity proof, address proof, DOB proof
      • Proof of residence- Leave and license agreement/ utility bill/ passport
      • Income proof
      • Latest bank statements
      • Office address proof
      • Proof of residence or office ownership
      • Proof of continuity of business

    Features & Benefits for Personal Loan:

    • Customized personal loan schemes
    • Attractive rate of interest as compared to other financial institutions
    • Fast loan approval
    • Minimal documentation
    • Cover for loan liability
    • Instant approval online

    You must consider the details of the different personal loans available to you. Here are the important points that you should consider:

    • Interest rate: These are the additional interest rates on top of the amount that you borrow. You should choose the personal loan provider who offers the lowest interest rate as it will keep down the total repayment amount.
    • Fees: The loan lenders charge a borrowing fee so you should watch out for the personal loan providers who charge minimal fees.
    • Terms: Shorter-term personal loans should be preferred than longer-term loans.
    • Lender: Choose a reputed loan provider and understand their loan fees, interest as well as credit score requirement. You can read the reviews to find the reliability of personal loan providers.

    Personal Loan Interest Rates and Charges

    The following table depicts the comparison of personal loan interest rate and processing fee for different banks

    BankInterest rateProcessing fee
    SBI personal loan12.50%In the range of 2% to 3%
    HDFC bank personal loan11.25%Min 0.99%, Max. 2.50% up to  Rs.10,000
    ICICI bank personal loan10.99%Starting from 0.99% up to 2.25%
    Bajaj Finserv11.99%Starting from 1.50% up to 3%
    Citibank10.99%Up to 0.5%
    IDFC bank11.50%Starting from 0.75% up to 2%
    Axis bank11.25%1.50% to 2.00%
    Tata Capital11.99%A flat fee of Rs. 999, up to 2%
    Fullerton India17.25%Up to 2.00%
    IndusInd bank10.99%Min. 1% to max. 2.50%
    Kotak Bank10.99%Up to 2.5%
    RBL Bank13.99%Up to 2%
    IIFL12.98%1-2 %
    HDB Financial13.99%Up to 2% of the loan amount
    Karur Vysya Bank13.99%0.004
    PNB12%1.8% +taxes
    Vijaya Bank12.50%0.25% Max. Rs. 10,000 + ST
    Union Bank Of India12.45%0.5%, Min. Rs. 500
    Syndicate Bank13.25%0.5%, Min. Rs. 500
    Standard Chartered Bank10.99%0.01
    Indian Overseas Bank12.70%Rs. 204 per lakh
    Andhra Bank11.40%Case to case
    Bank of Baroda11.60%2%, min. Rs. 250
    Bank of Maharashtra15.10%1%. Min Rs. 1000
    Canara Bank13.95%0.005
    Corporation Bank12.85%1.5%, Min Rs. 500
    Dena Bank13%0.01
    Federal Bank11.49%0.5%, Min Rs. 500
    IDBI Bank13.20%0.01
    Allahabad Bank12.95%1.06% min. Rs. 1068
    Indian Bank11.05%0.5% min. Rs. 508
    Yes Bank10.75%Starting at 0.99%, up to 2%

    Find reliable personal loan providers in Chennai

    Whether it is a wedding or you need to pay an emergency hospital bill, what is the value of a personal loan if you are unable to get it when you need it the most? We have a list of some trusted personal loan providers in Chennai from where you can get your personal loan quickly and conveniently. By completing simple documentation formalities, our listed loan providers will approve your loan within minutes. They explain complete terms and conditions for the personal loan and their rate of interest is also very reasonable. So, now you can get a personal loan instantly without any hassles. Call our listed personal loan providers in Chennai for further assistance. What is a personal loan?

    It is an unsecured loan or an all-purpose loan that can cater to immediate cash requirements and can be sanctioned in less time. There is no restriction on the use of loan amount. These loans are offered by almost all banks and financial organizations across the country and you can get it quickly with minimum documentation.

    • What is a personal loan?

      A personal loan is a ‘small amount’ loan where the money is borrowed from the bank or any non-banking financial company (NBFC) to meet your personal needs and emergencies.

      • Personal Loans are usually “unsecured” and they are not backed by collateral.
      • Due to this “unsecured” nature, the lenders cannot auction or sell anything owned by the borrower.
      • Interest rates on personal loan are higher than the home loans, car loans or gold loans due to greater risk involved.
      • The evaluation criteria for a sanctioning personal loan include employment status, income level, credit history, capacity for repayment, amongst others.
      • Personal Loans can be used to manage your finances and help with expenses that are related to exotic travel plans, medical emergency, house renovation, wedding and a lot more.
    • What is the need for a personal loan?

      If wedding, vacation, home renovation or any other similar thing is in your mind then a personal loan is the best option to meet your needs. Financial crisis can strike anyone for different reasons irrespective of their financial standing. The personal loan will help in managing such cash strapped situations. If you are in need of cash for any reason, you can get a personal loan with quick processing, minimum documentation, and fast disbursal benefits. There is complete flexibility to use the loan amount as per your wish.

    • What are the different types of personal loans?

      There are mainly two types of personal loans:

      • Unsecured personal loans: An unsecured personal loan seems to be more attractive than the secured one. In case, there is default in loan payment, your assets won’t be confiscated. However, the rate of interest will be higher in this type of personal loan.
      • Secured personal loans: A secured personal loan is used to buy a vehicle and you need to surrender security for the loan. The main advantage of this loan is that the rate of interest is less. It is usually easier to get a secured loan if there are any issues with your past financial record.
    • What Everyone should know about Personal Loans:

      Personal loans are one of the different types of loans you can take from a bank or a financier such as an NBFC (Non-Banking Financial Corporation). Such loans are almost always used for general purposes such as emergencies, consolidation of debt, repayment of another loan, an unexpected expense, or to pay for a medium scale home improvement activity. These loans are more difficult to obtain owing to the fact that most lenders have strict parameters on the basis of which your eligibility for such a loan is decided. However, if you do qualify for such a loan, you may enjoy the benefits of low repayment interest rates, etc.

      What is a personal loan?

      A personal loan is taken by individuals who are looking for financial help for medical expenditure, weddings, home renovation, travel, etc. They are generally sanctioned by a financial institution up to a limit of 40 lakhs. To avail a personal loan, you need not mortgage or show any assets. However, there are other eligibility criteria you need to satisfy before you apply for a personal loan.

    • What are the documents and other eligibility criteria required before applying for a loan?

      To avail a personal loan, you need to have a minimum salary of 15,000. Apart from this, you need to provide documents for ID proof and salary proof. You also need to have a minimum total work experience of 2 years and should have lived in the city as a resident for a minimum of one year. Bank statements, income proof, age proof, residence proof are the other criteria required while applying for a loan.

    • Can self-employed people apply for a personal loan?

      Yes, they can. However, they must show their income proof via bank statements and income tax returns depending upon which they can claim a loan ranging from INR 50,000 to 40,00,000.

    • Who can apply for a personal loan?

      Anyone over the age of 21 with a minimum salary of 15,000 and a minimum work experience of 2 years is eligible to apply for a loan.

    • What are the features of applying for a personal loan in Chennai?

      If you need a Personal Loan in Chennai, you require a good credit score and history and adequate salary to get your personal loan sanctioned. Other factors like years of employment, the company you work for, etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Chennai give you the flexibility to pre-close the loan without any additional charges.

    • What are some of the banks that offer a personal loan in Chennai?

      HDFC Bank, ICICI, Axis Bank, Kotak Bank, Mahindra bank, Bajaj Finserv, TATA Capital, Fullerton, etc. and all other major banks have their headquarters in Chennai. This helps you with access to more options.

    • How can I apply for Personal Loan online?

      All you need to do is to simply enter your personal and financial details above. You can check the loan calculator tool online it automatically checks for your loan eligibility based on the details you provided and as per the bank's norms and offers personalized loan offers as per your financial credentials. You can choose the best-suited plan and apply for a loan instantly with a click.

    • What is the maximum tenure for which I can avail a personal loan?

      With a tenure period ranging between 12 to 48 months and in some cases it can be extended for up to 60 months (based on income & other expenses).

    • What are the minimum and maximum amount provided as a personal loan?

      The loan amount limits are decided as per the applicant category. Salaried individuals can avail loans up to Rs.15 lakhs and self-employed individuals are eligible for loan up to Rs.40 lakhs on satisfying related criteria.

    • What are the various stages involved in availing a personal loan?

      The various stages involved in availing personal loans are:

      • Application of the personal loan
      • Processing of the loan
      • Documentation
      • Disbursement of the required amount
    • What is a guarantor?

      A Guarantor is an individual who guarantees to pay for your debt if you are defaulting on your loan obligation.

    • Who is eligible to apply for a personal loan in Chennai?

      The following individuals will be eligible for a personal loan:

      • Employees of the private limited companies, public sector undertakings, including state, central and local bodies.
      • Individuals between 21 to 60 years of age
      • Individuals who are on the job for at least 2 years, with a minimum of 1 year with the current employer
      • Those who earn a minimum of Rs. 20,000 in Chennai
    • What are the documents required for a personal loan?

      • A photo Identity proof (copy of passport/voter ID card/driving license/Aadhaar card)
      • Anyone address proof (copy of passport/voter ID card/driving license/Aadhaar card)
      • Bank statement of last 3 months
      • Latest salary slip or current dated salary certificate with the latest Form 16
      • Passport size photographs
      • How can I repay my personal loan amount?

      You can pay the loan in equal monthly installments (EMIs). It can be paid through post-dated cheques. You may also conveniently pay through ECS or a standing instruction to debit your bank account with the EMI amount.

    • What are the benefits of personal loans?

      • Does not require collateral: Personal loan does not require any security. You can easily apply for the loan, as long as your CIBIL is good.
      • Involves minimal paperwork: In comparison to other loans, personal loans do not require much documentation work.
      • Offers quick approval: Most of the banks have introduced an e-application process for loans which is faster and hassle-free. Some banks also have the option of pre-approved personal loans.
      • No capping on the personal loan amount: There will be no capping on the usage of the personal loan amount, unlike other loans.