Chennai City

It is very easy to avail personal loan in Chennai.  It is the capital city of Indian state of Tamil Nadu. It is the biggest commercial and industrial hub of India. However, the climate of the city may not suit everybody as it has been declared the hottest city by BBC among global cities. Chennai is also the third largest city.  Chennai has been named among the top ten cities in the world to visit in 2015. It has been ranked the world’s 2nd best food city by National Geographic. Chennai was the only Indian city to make it to the list.  Also, Chennai is the only city in South Asia and India to figure in the “52 places to go around the world” by the New York Times.

About Personal loan

If you are in a dire need of cash and have no way out, you can count upon your bank to give you a personal loan provided you have maintained good relations with your bank.  Maintaining a good relation with the bank requires you have repaid your equated monthly installments (EMIs) on time and have not defaulted on any loan.  If you have a good credit track record, it will be pretty easy to get a personal loan. If you fulfil the eligibility criteria then loan will be credited to your account in less 72 hours. Personal loan is disbursed so quickly because it is unsecured loan and the documentation required is very less.


  • No collateral or guarantor required
  • The interest rates will remain constant during the entire tenure
  • The repayment can be done over  60 months
  • Loan can be repaid in easy installments
  • Repayment facility through post date cheques or ECS or auto debit.

Benefits of taking a personal loan

  • You are free to use the loan amount wherever you want to.  
  • The documentation requirement is minimum as compared to other loans
  • The loan amount is generally disbursed in 72 hours as the processing time is quite fast.
  •  You will get a personal loan at a relatively lower interest rate compared to credit card

Documentation for personal loan in Chennai



Any one ID proof-Passport, driving license,  voter ID and PAN card

Proof of identity, address proof and DOB proof for KYC

Residence proof- leave and license agreement, water and electricity bills not older than 3 months

Residence proof- leave and license agreement, water and electricity bills not older than 3 months

Salary slips for last 3 months

Audited financial for the last two years for income proof

2 passport size photograph

Address proof of office

Latest 3 months bank statement  (where salary income is credited)

Proof of residence or office ownership


Proof of business continuity

Eligibility criteria for personal loan in Chennai





21-60 years

25-65 years


Minimum Rs 15,000

Turnover of Rs 15-40 lakh and minimum PAT of Rs 1 lakh for professionals and 2 lakh for proprietorship , should be in current business for at least 5 years and minimum 3 years for doctors

Loan amount

Rs 15 lakh


Rate of interest


12.99% to 20%

Loan processing charges



Prepayment/ foreclosure charges



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