Personal Loan (Chennai)
Get Personal Loan with FinBucket Loan in just 10 minutes
Personal Loan?
Personal loan is a type of an unsecured loan. It helps to meet a person’s current financial needs. No need of any security/collateral while availing it. Personal loan gives you the flexibility to use the funds as per your convenience and need.
if someone need instant cash and can be used for travelling, wedding,medical emergency,home renovation,or anything else, you can then simply get your hand on personal loan and you are ready with the money in your pockets.
Personal Loan in Chennai
The personal loan is provided here by the banks and the financial institutions by a rate of as high as 30%. The amount ranging of loan is from 25, 000 – 25, 00, 00/-. And the tenure is from 1 to 5 years. Being an unsecured loan comes with no mortgage burden. During contingencies, this loan is been opted as for it is disbursed very early than the other loans. It helps in saving time and money as the interest rates are less and the paperwork is very less.
Usually, personal loans are taken for medical emergencies, education, travel, etc. but can be taken for the personal use of debt repayment.
Chennai is famous for the automobile industry, also known as Detroit of South Asia. National level commercial bank has its roots in Chennai, being a cosmopolitan city it grabs a lot of attention for the banks to invest.
To work in with the factor of low-interest rate you need to have your credit history, monthly salary details and the reputation of the company you work are the other factors to be considered. It is available for the person who is earning more than rs.20, 000/- per month. Your company is listed with the bank that will put a plus point in your bag but which is certainly not necessary.
Finbucket provides free customer support to all the applicators of personal loans. You can easily avail of loans by our site. On our site, you need to fill-up the form if want to apply for a loan in Chennai. All the processes of documentation until the disburse of the loan will be done by us. Our teams provide you with a better experience of the grant of personal loans by keeping in mind all your credit needs. They evaluate the eligibility criteria of other renowned banks and institutions and find your best match.
Even you can visit our page and find your eligibility criteria. The site looks upon your credit history and will recommend you to how much money to be borrowed by you will be safe.
Personal Loan- Eligibility
There are various banks and NBFC’s which offers personal loan to all applicants fulfilling their basic eligibility criteria. Different banks have different eligibility criteria.
Most of the banks and NBFC’s have common criteria for individuals requesting a personal loan which include:
| Category | Self-Employed | Salaried |
|---|---|---|
| Age | 28 years to 65 years (25 years for doctors) | 23 years to 58 years |
| Income |
|
Rs.17,000 (Rs.25,000 for metro cities) |
| CIBIL Score | Above 750 | Above 750 |
| Loan amount | 75 k(Min)- 15 Lakh (Max) | 75 k(Min)- 20 Lakh (Max) |
Documents required for Personal Loan
Each bank and NBFC has different documentation criteria for the personal loan. These are the common documents which is required by most of the banks and NBFC’s for individual requesting a personal loan include:
| Documents for Salaried Individuals: | Documents for Self-Employed: |
|---|---|
| Proof of Identity: Passport, Driving License, Voters ID or PAN Card | Proof of Identity: Passport, Driving License, Voters ID or PAN Card |
| Proof of Residence:-Passport or utility bills | Proof of Residence:-Passport or utility bills |
| Latest 3 months Bank Statement of Salary Account | Income proof: Audited financials for the last two years. |
| Salary slips for the last 3 months. | Last 6 months Bank statement. |
| Office address proof |
How to apply for Personal Loan
In 4 steps you can easily apply for personal loan in no time
- Firstly, you have to fill a simple application form that will demand your basic personal information given on the site.
- We already have a coordination with 30+ banks/NBFC to get your application to them.
- Compare interest rates on your own and choose the best one for you.
- We will send you an e-approval that your loan application is accepted within 24-48 hours and the amount will be credited to your account.
Personal Loan Interest Rates Table
| Bank Name | Interest Rates |
|---|---|
| SBI | 12.5% to 16.5% p.a. |
| ICICI | 11.59% to 18.49% p.a. |
| Axis Bank | 15.50% to 24% p.a. |
| HDFC Bank | 15.75% to 20% p.a |
| Citibank | 14.25% to 19.99% p.a. |
| Standard Chartered | 11.99% to 17% p.a. |
| TATA Capital | 13.99% to 17.5% p.a. |
| Oriental Bank | 11.20% to 12.95% p.a. |
| Capital First | 13% to 18.45% p.a. |
| Indusind Bank | 11.25% to 26% p.a |
| Fullerton India | 21% to 40% p.a. |
| Kotak Mahindra | 11.5% to 24% p.a. |
| Aditya Birla | 14% to 16% p.a. |
Testimonials
Some of our Awesome Testimonials
“I had to just fill my personal loan form at FinBucket. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me.”
Nitin Bhatia, COO,
CaterWow Private. Limited
“I had taken loan for the first time online. Instant assistance and patience from team FinBucket helped me apply and get loan easily at Chennai.”
Shikha Bhatia,
Founder, Shiksha Learning Academy
“I am very satisfied with the services and business relation with FinBucket. It was easy and simple to get any information regarding loan in Chennai.”