Unsecured Loans Services Nearby

Kodambakkam West Mambalam Ashok Nagar Virugambakkam Saligramam Jafferkhanpet Nesapakkam Guindy Industrial Estate

Top List of ~listcount~ Unsecured Loan Providers in MGR Nagar, Chennai. Get an instant Unsecured Loan with low interest rate, Also apply for unsecured business loans, unsecured Personal loans, and more. Find the best Unsecured Loan service providers near as on Sep 17, 2025

SUSMITA VINOD

Nungambakkam, Chennai, 600034

+917811823694

Loans Construction Loans Structural Adjustment Loans

Response Time: More than 60 MinsDistance: 5.46 Kms

Unsecured and secured Loan - Business Loan, Personal Loan, Professional Loan, Loan against Property, Housing Loan, Equipment Loan, school/ college, Private finance.

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Nalan Concern

Choolaimedu, Chennai, 600094

+918035424404

Loans

Response Time: Within 15 MinsDistance: 4.3 Kms

Nalan Concern, located in Choolaimedu, Chennai, is a well-regarded business offering a variety of financial services. They specialize in providing quick and hassle-free solutions for personal and business loans, with a reputation for customer-centric service. Their team is known for helping clients navigate the complexities of loan applications, ensuring a smooth process from start to finish. Nalan Concern is particularly noted for their transparency and commitment to providing accurate information, making them a trusted choice in the area. They also offer tailored advice to meet individual financial needs, enhancing their credibility in the community.

Available Loan Types:

Offering 2 different types of loans

Loan Amount Range:

From less than ₹1 Lakhs to ₹15 Lakhs
Depending on the type of loan

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T ROSI

Triplicane, Chennai, 600005

5.0/5 Based on 1 Reviews

+919883017672

Loans

Response Time: Within 15 MinsDistance: 8.89 Kms

Welcome to T ROSI, an established business in Triplicane offering a wide range of loan services including home loans, business loans, personal loans, and more. Our team of dedicated and experienced professionals are committed to providing the best financial solutions for your needs. We specialize in catering to individuals with low CIBIL scores as well as those with high scores. With options such as loan against cash credit, loan against overdraft, term loans, and more, we have something for everyone. Our loan amounts range from less than 1 lakh to more than 1 crore, ensuring that we have the perfect solution for your unique financial needs. Visit us today to explore our services and discover the perfect loan option for you at T ROSI.

A User from Chennai

"Loan process very good ????"

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Balasubramanian

Porur, Chennai, 600116

4.4/5 Based on 5 Reviews

Loans

Distance: 4.48 KmsSulekha score: 7

Qps financial consultant, All kind of loan services (mortgage, home, business and personal) available done here, 24/7 Services both cibil and cibil defaulter can apply here

AMEER JOHN from Chennai

"Loan amount i need Emernency "

THEANMOZHI from Chennai

"NICE RESPECT THEY GIVEN I NEED OF PERSONAL LOAN I HOPE THEM HELP IN THIS SUITATION THANKS FOR REPLY ME GOOD JOB "

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Chennai Business Loans Financial Service

Villivakkam, Chennai, 600049

Loans

Distance: 8.23 KmsSulekha score: 4.1

Welcome to Chennai Business Loans Financial Service, where we provide a wide range of loan options to help your business grow. Our services include business loans, unsecured loans, private finance loans, and more. We have been serving the Villivakkam area since 2017 and have helped numerous businesses achieve their financial goals. Our team consists of experienced professionals who are dedicated to providing personalized solutions for your unique needs. With flexible loan options and competitive interest rates, we are here to support you every step of the way. Visit us today and let us help you take your business to the next level.

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Fedbank Financial Services Ltd

West Mambalam, Chennai, 600033

Unverified

Loans

Distance: 2.72 Kms

Fedbank Financial Services Ltd (Fedfina) acquired receipt of its NBFC license in 2010. Fedfina has 500 plus gold loan branches across the country. It caters to products like Gold Loan, Home Loan, and Loan against Property (LAP) and Business Loan. Fedbank Financial Services Limited is poised to emerge as a relevant player in the BFSI space.

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REMEDIES OF LOANS AND INVESTMENT NEEDS

Arumbakkam, Chennai, 600106

Unverified

Loans Construction Loans Loan against Mutual Funds

+3 more

Distance: 4.37 Kms

Welcome to Remedies of Loans and Investment Needs, your one-stop shop for all your financial requirements. Our business offers a wide range of loans such as vehicle loans, home loans, education loans, business loans, mortgage loans, loan against securities and cards, personal loans, project loans, NRI loans, unsecured loans, private finance loans, machinery loans, loan against insurance policy, and more. We have been in the industry for a long time and have established ourselves as a trusted and reliable source for all your loan needs. Our team of experts is dedicated to providing you with the best solutions and services. Visit us today and let us help you achieve your financial goals!

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Fedbank Financial Services Ltd

Aminjikarai, Chennai, 600029

Unverified

Loans

Distance: 4.93 Kms

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Fedbank Financial Services Ltd

Nungambakkam, Chennai, 600034

Unverified

Loans

Distance: 5.61 Kms

Fedbank Financial Services Ltd (Fedfina) acquired the receipt of its NBFC license in 2010. Fedfina has 463 plus gold loan branches across the country. It caters to products like Gold Loan, Home Loan, Loan Against Property (LAP) and Business Loan. Fedbank Financial Services Limited is poised to emerge as a relevant player in the BFSI space.

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Fedbank Financial Services Ltd

Kammanahalli Main Road, Chennai, 600053

Unverified

Loans

Distance: 10.68 Kms

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Why Choose Sulekha?

Sulekha is your go-to platform for finding a wide variety of loan providers catering to diverse financial needs such as personal loans, unsecured loans, home loans, vehicle loans, car loans, education loans, and more. With Sulekha, you gain access to a comprehensive network of reputable lenders, ensuring you find the perfect match for your specific requirements. The platform simplifies your search process, saving you time and effort by connecting you with trusted professionals who can offer tailored loan solutions. Choose Sulekha for a seamless and efficient loan-seeking experience.

1. When to Consider Taking Out an Unsecured Loan?

Consolidating Debt: If you have multiple high-interest debts, such as credit card balances, an unsecured loan with a lower interest rate can help you consolidate these debts into a single monthly payment. This can simplify your finances and potentially save you money on interest.
Emergency Expenses: Unexpected expenses such as medical bills, urgent home repairs, or car repairs can strain your finances. An unsecured loan can provide the necessary funds quickly without requiring collateral.
Home Improvements: Unsecured loans can be used for home improvement projects that increase the value of your property. While home equity loans are another option, an unsecured loan can be a good choice if you don’t want to use your home as collateral.
Education Costs: For educational expenses that are not covered by scholarships, grants, or federal student loans, an unsecured personal loan can bridge the gap. This is particularly useful for continuing education, vocational training, or other specialized programs.
Major Purchases: Unsecured loans can be used to finance significant purchases like furniture, appliances, or electronics. This can be a better alternative to store financing options that may come with higher interest rates.
Starting a Small Business: If you need funds to start or expand a small business and do not qualify for traditional business loans, an unsecured personal loan can provide the necessary capital without putting your assets at risk.
Improving Credit Score: If used responsibly, an unsecured loan can help improve your credit score. By making timely payments, you can demonstrate your creditworthiness and potentially increase your credit score over time.
Special Events: Financing special occasions such as weddings or vacations with an unsecured loan can allow you to spread the cost over a longer period, making it more manageable. However, it’s important to budget carefully and ensure you can afford the repayments.

2. Eligibility Criteria for Unsecured Loan?

Credit Score: A high credit score, typically between 650 and 700, indicates good creditworthiness and lower risk for lenders. It plays a crucial role in determining loan eligibility as it reflects your ability to manage credit responsibly.
Income and Employment Stability: Lenders assess your income level and employment stability to ensure you can repay the loan. Providing evidence like pay stubs, tax returns, or bank statements is essential. Continuous stable employment in a reliable job enhances eligibility.
Debt-to-Income Ratio (DTI): The DTI ratio measures your monthly debt payments against your monthly income. A lower DTI, typically below 40-50%, indicates manageable debt levels, increasing your chances of loan approval as it shows you can handle additional debt.
Age: Borrowers need to be at least 18 years old, though some lenders may have higher age requirements. This ensures that borrowers are legally capable of entering into loan agreements and have some financial maturity.
Citizenship/Residency Status: Most lenders require borrowers to be citizens or permanent residents of the country where the loan is being taken. This criterion ensures the borrower’s legal standing and reliability within the country’s financial system.
Credit History: A detailed review of your credit history, including past loans, credit card usage, and repayment behavior, helps lenders assess your credit risk. A positive credit history demonstrates responsible borrowing and repayment habits.
Loan Amount and Purpose: Lenders may have specific criteria based on the loan amount and its intended use. Certain unsecured loans might be designated for personal use only and not for business purposes, affecting eligibility.
Existing Relationship with the Lender: Having an existing account or previous relationship with the lender can sometimes facilitate meeting eligibility criteria more easily. Familiarity with your financial behavior can be advantageous.
Co-signer or Guarantor: If your credit score or income is insufficient, having a co-signer or guarantor with a strong credit profile can improve your loan eligibility. They provide additional security to the lender, reducing perceived risk.

3. What are the Benefits and Advantages of an Unsecured Loan?

No Collateral Required: Unsecured loans do not require any collateral, meaning borrowers don't need to pledge any assets such as a house or car to secure the loan. This reduces the risk of losing valuable property in case of default.
Faster Approval and Disbursement: Since there is no need for collateral evaluation, the approval and disbursement process for unsecured loans is generally faster compared to secured loans. This makes them ideal for urgent financial needs.
Flexibility of Use: Unsecured loans can be used for a variety of purposes, including debt consolidation, home improvement, medical expenses, education, or even vacation. Lenders typically do not impose restrictions on how the funds are used.
Builds Credit Score: Successfully repaying an unsecured loan on time can help improve your credit score, making it easier to obtain credit in the future. Regular repayments are reported to credit bureaus, positively impacting your credit history.
Fixed Interest Rates: Many unsecured loans come with fixed interest rates, meaning the interest rate remains the same throughout the loan tenure. This allows for predictable monthly payments and easier budgeting.
No Risk to Personal Assets: As there is no collateral involved, there is no risk of losing personal assets if the borrower is unable to repay the loan. This provides a sense of security to the borrower.
Lower Documentation Requirements: Unsecured loans often require less documentation compared to secured loans. The process is simpler and less cumbersome, making it more accessible for many borrowers.
Flexible Repayment Terms: Lenders often offer flexible repayment terms for unsecured loans, allowing borrowers to choose a tenure that suits their financial situation. This can range from a few months to several years.
Pre-approved Offers: Existing customers of banks and financial institutions often receive pre-approved unsecured loan offers, which can make the process even quicker and easier. These offers are typically based on the borrower’s creditworthiness and relationship with the bank.
No Ownership Transfer: Unlike some secured loans where ownership of the collateral might be transferred to the lender until the loan is repaid, unsecured loans do not involve any transfer of ownership, keeping the borrower in full control of their assets.

4. Important Factors to Consider When Taking an Unsecured Loan?

Interest Rates: Unsecured loans generally come with higher interest rates compared to secured loans since they pose a greater risk to lenders. Compare rates from multiple lenders to find the most competitive offer.
Loan Amount and Term: Determine the amount you need and the period over which you can realistically repay the loan. Longer terms mean lower monthly payments but higher overall interest costs.
Credit Score: Your credit score significantly impacts the interest rate and terms offered. Higher scores typically qualify for better rates. Check your credit report and consider improving your score before applying.
Repayment Terms: Understand the repayment schedule and the flexibility it offers. Check for penalties on late payments or early repayment fees.
Fees and Charges: Be aware of all associated fees, including origination fees, processing fees, and any other administrative charges. These can add to the cost of the loan.
Lender's Reputation: Research the lender’s reputation. Look for reviews and ratings from other borrowers. Ensure the lender is transparent and reputable.
Purpose of the Loan: Clearly define the purpose of the loan. Ensure it is for a productive use that justifies the cost of borrowing.
Debt-to-Income Ratio: Calculate your debt-to-income (DTI) ratio to ensure you can manage the additional debt. Lenders often use this ratio to assess your ability to repay the loan.
Impact on Credit Score: Understand how taking the loan will impact your credit score. Timely repayments can improve your score, while missed payments can harm it.
Alternative Financing Options: Explore other financing options, such as secured loans, credit cards with lower interest rates, or personal lines of credit. Sometimes these can be more advantageous.
Economic Environment: Consider the broader economic environment, including interest rate trends and economic stability, which could impact your ability to repay the loan.
Insurance: Some lenders offer insurance that covers your loan payments in case of unforeseen circumstances like job loss or disability. Assess whether this is beneficial for your situation.

5. Unsecured Loan Interest Rates?

Bank Name	Interest Rate Range (per annum)	Loan Amount Range	Repayment Tenure
HDFC Bank	10.50% - 21.00%	₹50,000 - ₹40,00,000	12 to 60 months
State Bank of India	9.60% - 15.65%	₹24,000 - ₹20,00,000	12 to 60 months
ICICI Bank	10.75% - 19.00%	₹50,000 - ₹40,00,000	12 to 60 months
Axis Bank	10.49% - 20.00%	₹50,000 - ₹15,00,000	12 to 60 months
Kotak Mahindra Bank	10.25% - 24.00%	₹50,000 - ₹20,00,000	12 to 60 months
Bank of Baroda	10.00% - 15.50%	₹50,000 - ₹10,00,000	12 to 60 months
Punjab National Bank	8.95% - 14.50%	₹50,000 - ₹15,00,000	12 to 60 months
Bajaj Finserv	12.99% - 24.00%	₹1,00,000 - ₹25,00,000	12 to 60 months
Tata Capital	10.99% - 19.00%	₹75,000 - ₹25,00,000	12 to 72 months
IDFC First Bank	10.49% - 22.00%	₹1,00,000 - ₹40,00,000	12 to 60 months

Please note: Interest rates and fees can vary based on the loan amount, tenure, credit profile of the borrower, and specific bank policies. It is advisable to check with the respective bank for the most accurate and updated information.

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Most Common Questions About Unsecured Loans

1. Who are the best Unsecured Loan providers in MGR Nagar, Chennai?

Fedbank Financial Services Ltd
Nalan Concern
REMEDIES OF LOANS AND INVESTMENT NEEDS
Balasubramanian
SUSMITA VINOD

2. What documents are required for an Unsecured loan?

Typically, you need identification proof (Aadhaar, PAN card), address proof (utility bills, rental agreement), income proof (salary slips, bank statements), and recent passport-sized photographs to apply for an unsecured loan.

3. What are the eligibility criteria for an Unsecured loan?

Eligibility generally includes being between 21-60 years of age, having a stable income source, a good credit score (usually above 650), and a minimum monthly income requirement as specified by the lender.

4. How do I apply for an Unsecured loan online?

You can apply online with the Sulekha form above with your loan requirements, and connect with the best loan providers that suit your needs. Also by visiting the lender's website, filling out the application form with your personal and financial details, uploading the required documents, and submitting the application for approval.

5. How can I get an instant Unsecured loan?

To get an instant unsecured loan, ensure you have a good credit score, keep all necessary documents ready, and apply through lenders offering instant loan approvals, such as certain banks and fintech companies with quick verification processes.

6. What is the percentage rate for Unsecured loans?

The interest rate for unsecured loans typically ranges from 10% to 24% per annum, depending on factors like your credit score, income, loan amount, and the lender's policies.

7. Can I get an Unsecured loan with a low CIBIL score?

While it is more challenging, you might still get an unsecured loan with a low CIBIL score, but expect higher interest rates and stricter terms. Some lenders also offer loans specifically for individuals with lower credit scores.

8. What is the processing fee for an Unsecured loan?

The processing fee for an unsecured loan usually ranges from 1% to 3% of the loan amount, though it can vary by lender. Some lenders might also charge a flat fee or waive the fee during special promotions.

9. Can I get an Unsecured loan with a bad credit score?

Yes, it is possible to get an unsecured loan with a bad credit score, but it will likely come with higher interest rates and stricter repayment terms. Some lenders specialize in high-risk loans for individuals with poor credit.

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Top Unsecured Loan in MGR Nagar, Chennai

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Find the Top Unsecured Loan Providers from Sulekha in MGR Nagar, Chennai

Unsecured Loans Services Nearby

Top List of ~listcount~ Unsecured Loan Providers in MGR Nagar, Chennai. Get an instant Unsecured Loan with low interest rate, Also apply for unsecured business loans, unsecured Personal loans, and more. Find the best Unsecured Loan service providers near as on Sep 17, 2025

SUSMITA VINOD

Nalan Concern

T ROSI

Balasubramanian

Chennai Business Loans Financial Service

Fedbank Financial Services Ltd

REMEDIES OF LOANS AND INVESTMENT NEEDS

Fedbank Financial Services Ltd

Fedbank Financial Services Ltd

Fedbank Financial Services Ltd

Recently Connected Loans in Chennai

Why Choose Sulekha?

1. When to Consider Taking Out an Unsecured Loan?

2. Eligibility Criteria for Unsecured Loan?

3. What are the Benefits and Advantages of an Unsecured Loan?

4. Important Factors to Consider When Taking an Unsecured Loan?

5. Unsecured Loan Interest Rates?

Most Common Questions About Unsecured Loans

1. Who are the best Unsecured Loan providers in MGR Nagar, Chennai?

2. What documents are required for an Unsecured loan?

3. What are the eligibility criteria for an Unsecured loan?

4. How do I apply for an Unsecured loan online?

5. How can I get an instant Unsecured loan?

6. What is the percentage rate for Unsecured loans?

7. Can I get an Unsecured loan with a low CIBIL score?

8. What is the processing fee for an Unsecured loan?

9. Can I get an Unsecured loan with a bad credit score?

Tips & Solutions for Applying Loan View All Blogs

Home Buying Trends 2021

Important Things That NRIs Should Know About Home Loan In India

Home Loan Agreement- Important clauses to know!

How To Avoid Rejection Of Your Personal Loan Application