Personal Loan Apply Online3877 views
Table of Contents
- 1 Top Banks Offering Personal Loan in Chennai
- 2 Personal Loan Chennai Interest Rate
Top Banks Offering Personal Loan in Chennai
|Bank Name||Main Branch Address||Rate of Interest|
|State Bank of India (SBI)||Plot no 1236, new no 41,, 18th Main Rd, Anna Nagar, Chennai, Tamil Nadu 600040||10.55% - 14.95%|
|HDFC||Broadway, Old No, 153 New No, 154 Prakasam Salai, Chennai, Tamil Nadu 600108||11.25% - 21.45%|
|ICICI||Y Block, Anna Nagar VI Main, 0, Chennai, Tamil Nadu 600040||10.99% - 18.49%|
|Axis||82, Dr. Radhakrishnan Salai, Mylapore, Chennai, Tamil Nadu 600004||12.00% - 24.00%|
|Punjab National Bank||Plot No 4055, 4th Main Road, Anna Nagar, Chennai, Tamil Nadu 600040||9.95% - 14.50%|
|Bank of India||17/30, Star House, Errabalu St, Parry's Corner, George Town, Chennai, Tamil Nadu 600001||11.80% - 13.80%|
|Bank of Baroda||476, "C", N Beach Rd, Mannady, Chennai Port Trust, Chennai, Tamil Nadu 600001||11.60% - 14.60%|
|Central Bank of India||Gandhi Street, Thirumalairayanpattinam, Karunabigai Colony, Velachery, Chennai, Tamil Nadu 600042||11.10% - 14.35%|
|IDBI Bank||44/86, 4th Avenue, Near R3 Police Station, Ashok Nagar, Chennai, Tamil Nadu 600083||9.90% - 14.00%|
Personal Loan Chennai Interest Rate
|Interest Rates||8.35% - 33.00%|
|Processing Fee||1%-2.00% of the loan amount+GST|
|Pre-payment Charges||3%-5.00% of the principal outstanding+GST|
|Repayment Period||Upto 5 Years|
|Lowest EMI||₹2,204-2,935 (per Lakh)|
Personal Loan Chennai Calculator
When it comes to a personal loan EMI Calculator online, it is one such device that lets you about your EMIs, Interest Outgo and Total Amount Payable in the easiest manner. This smart tool takes into consideration, the loan amount, interest rate and tenure, thus displays the calculations in front of you.
For your reference below is a table showing the calculations on a loan amount of ₹5 Lakh, taken for a tenure of 4 years at an interest rate of 11.59% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
|Loan Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
|₹ 5,00,000||11.59%||1||₹ 44,329||₹ 31,943||₹ 5,31,943|
|₹ 5,00,000||11.59%||2||₹ 23,441||₹ 62,587||₹ 5,62,587|
|₹ 5,00,000||11.59%||3||₹ 16,509||₹ 94,339||₹ 5,94,339|
|₹ 5,00,000||11.59%||4||₹ 13,066||₹ 1,27,191||₹ 6,27,191|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|1||₹ 1,04,271||₹ 52,526||₹ 3,95,728|
|2||₹ 1,17,019||₹ 39,778||₹ 2,78,708|
|3||₹ 1,31,326||₹ 25,471||₹ 1,47,382|
|4||₹ 1,47,507||₹ 9416||₹ 0|
Personal Loans in Chennai for Salaried
Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer:1 Year
Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in Same Profession: 3 Years
Documents Required for Personal Loan in Chennai
- Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
- Address Proof- Utility bill/Passport/Aadhar card/Voter ID
- Income Proof- Latest Salary Slip/ ITR/Form-16
- Bank Statement- Last 3-6 Month Bank Statement
About Personal Loan in Chennai
Located on the Bay of Bengal in eastern India, there is no denying of the fact that Chennai is one of the rising cities for sure. If we look at its finance sector, the city with the presence of many leading banks and NBFCs fulfills the financial needs of all. This is the reason that whenever you are in need of a personal loan, this city won’t disappoint you.
Being an unsecured loan, it would not be wrong to say that a personal loan can easily be availed at attractive interest rates and flexible tenures. This loan comes to you with no collateral or security required, thus serves your purposes instantly. If you are looking for immediate funds, personal loan is for you.
Personal Loan Providers in Chennai for CIBIL Defaulters
People having a low cibil score or those who have defaulted earlier, don’t need to worry as there are many lenders in Chennai that offer a personal loan to such borrowers. That’s Right! There are many loan providers in the city, best known for offering the personal loan to cibil defaulters. However, for such applicants, the credit is available at higher interest rates along with high loan charges.