Personal Loan in Chennai- Instant & Easy Personal Loan at lowest Interest Rate

Personal Loan in
Chennai

Personal Loans ranging from Rs.25K to Rs.25L with a tenure starting from 6 months.

Apply Personal Loan

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Minimum salary of Rs 10,000 is requiredMinimum annual income of Rs. 1.2 Lakh is requiredMinimum turnover of Rs. 1.2 Lakh is required
Minimum salary of Rs 17,000 is required
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Our Financial Institutions

35

Banks / NBFCs

20K

Customers

18

Months in Operations

Personal Loans in Chennai

Get customized Personal loan offers in Chennai instantly at times of financial contingencies, from the top banks and financial institutions at the best interest rate that starts from 10.75 %. The best part about the Chennai is that it is the home to National level commercial banks.
Being an unsecured loan, when you apply for a loan, there is no need to offer any collateral. All is required a good credit score.

The most common reasons for applying for a Personal loan in Chennai
• A Personal loan is obtained for various purposes such as paying off medical bills, home renovation, wedding expenses, personal durable goods, travel expenses, or any other financial emergencies.
• If you want to pay off multiple unpaid loans by opting for debt consolidation or Personal loan balance transfer.

Special features:
• Loan Amount Eligibility: Rs 25000- Rs 25 Lakh
• Easy and simple loan application
• Flexible loan Tenure- 1- 5 years
• Low-interest rate loans with several attractive features
• Minimal documentation
• Easy EMIs
• A Personal loan can help you save up some amount as the interest rates are lower than most forms of debt such as credit cards.

Eligibility criteria to apply for a Personal loan in Chennai
Age – Minimum age is 21 years, and the maximum is 60 years
Credit Score: You should have a good credit score, 700 or above
Monthly Income requirement: Rs 20,000 per month
Work Experience

Salaried Employed at the current company for at least 6/12 months

Self-Employed
• Business tenure of at least 3 years (continuous)
• ITR of last 3 years

You can also check your loan eligibility by visiting our website. Moreover, we have an efficient personal loan EMI calculator which will help you get an idea of how much loan amount you should borrow. Further, you can also benefit from our free credit report service before applying for a loan which gives an in-depth analysis of your credit history.

The documents required to apply for a Personal loan in Chennai
Salaried and Self-employed
Identity & Age Proof: Aadhaar Card, PAN Card, Birth Certificate, Passport, Voter ID, etc.
Filled personal loan application with photograph
Residence proof - Passport driving license, Voter ID, post-paid/landline bill, utility bills (electricity/water/gas)

Income Proof for Salaried
• Salary Slips of last 3 months
• Form 16 or Income Tax Returns of last 3 years

Income proof for self-employed
• Last 3 years Income Tax Returns with computation of Income
• Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

How IndiaLends can help in getting a Personal loan in Chennai
IndiaLends is a one-stop solution for all your financial needs. We try to provide you with the best services that are hassle-free and quick in nature. For personal loans in Chennai, we provide you with a comparative analysis of what different banks are offering and help you in picking up the best.
The main benefits of availing of our services are:
• Convenience
• 100% transparency
• Real time customer support
• We get you the lowest interest rate loan offers from multiple Banks and NBFCs
• Compare offers online
• We handle everything for you ranging from documentation to disbursal.

Our experienced financial team takes care of your credit needs and finds a good personal loan offer for you. We evaluate your profile and match them against the eligibility criteria of various financial institutions. After the careful analysis of available offers, we pick the best proposal for you
Instead of visiting a bank, natives of Chennai can take advantage of the online services of FinTech companies like IndiaLends. Our services are completely free, and you can get some of the best personal loan offers in Chennai.

Personal Loan: An Overview

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.

*The figures provided in the table are indicative subject to change from time.

How it Works

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.

1

Registration

register

Apply online in less than 2 minutes

2

Quick Verification

verification

We will review your application and give you a decision within minutes

3

Loan Disbursal

receive loan

Receive the loan amount within two days.

Find out your customized interest rate for a Personal Loan in Chennai

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.

Basic Eligibility Criteria

  • eligibility

    Good Credit Score

  • eligibility

    Above 21 years of Age

  • eligibility

    Salaried professional

  • eligibility

    Resident of India

  • eligibility

    Valid Bank Account

  • eligibility

    PAN Card and Voter ID Card/Driving License

  • eligibility

    Bank Statements for the last three months

  • eligibility

    Salary Slip for last three months

Personal Loans in Chennai Reviews

Your reviews motivate us and help us make our service even better

    • user
    • Rajiv Sachdeva

      IndiaLends is a complete lending solution. I downloaded their IndiaLends app, which is free of cost, to apply for Personal Loan and check my credit score.

      5.0

    • user
    • Ritu Gupta

      IndiaLends provides great service. They are fast and it is really safe to share your personal information with them while applying for personal loan.

      5.0

    • user
    • Pinki Rani

      IndiaLends helped me to find the right personal loan for myself. It was pretty good to be in touch with their customer support team.

      4.0

    • user
    • Rajesh Yadav

      A great site to know and improve your credit health. I was able to improve my CIBIL score by 100 points in just a year. I would recommend others to download their app and check their site for further financial information.

      3.0

Frequently Ask Questions

Q. How much can I borrow and for how long?

A. You can get personal loans starting from Rs. 25,000 up to Rs.25 lakhs for 1 to 5 years.

Q. Can I repay my loan early?

A. Yes, you can pre-pay your loan as and when you want.

Q. How does Indialends assess my credit worthiness and how long does this take?

A. Each consumer wishing to borrow on the Indialends portal will need to go through a rigorous verification and credit assessment process. The assessment is based on information collected from various data sources like the application form, credit bureaus, bank statements, pay slips, verification reports, social media, etc. The above process is automated and happens within seconds. Hence, you can get an approval shortly after you submit your application.

Q. Why was my application rejected?

A. The reason your application was rejected was because your credit profile did not match the criteria stipulated in the Indialends policy at the time. However, Indialends might be able to approve your application at a later date, if by then your credit file has improved or there have been changes in the Indialends credit policy.

Q. What is my repayment schedule?

A. Repayment of the loan will happen monthly on an EMI (equated monthly installment) basis where the amount will be calculated based on amortizing balance. One or two of the installments might be different which will depend on the timing of the loan.

Q. What happens in the case of a missed payment or non-payment by a borrower?

A. If the monthly payment for a borrower is delayed for any reason, a penalty fee and penal interest might be charged to the borrower. The borrower’s credit file will also get impacted which will restrict him / her to get credit in the future. Legal action may also be taken against the borrower.

Q. What information is shared with the lenders browsing through the profiles?

A. Lenders will have the ability to view detailed profiles of the borrowers, information like financial information, employment information, etc. The personal information of the borrower remains protected as per our privacy policy.

Q. How do I alter my loan request?

A. Loan requests can only be cancelled prior to loan disbursal. In case you want to make any changes to your request please reach out to support@indialends.com. The support team will help you in making the modifications.

Q. How can I make monthly payments?

A. You can pay your EMIs using electronic transfer of funds, ECS.

Q. How will you disburse the loan amount?

A. Soon after the loan is approved, the funds will be transferred right into your bank account.