Personal Loan

Dream Bigger with Personal Loans
up to Rs. 40 Lakhs

No collateral required | Tenure up to 60 months |
Balance Transfer facility


Personal Loan in Chennai

Chennai stands as a testament to India's industrial might and academic excellence, drawing professionals and students alike to its shores. It's not just a city but a journey that shapes one's career and cultural ethos. While progressing professionally and personally in Chennai's vibrant backdrop, one must navigate various milestones, from family commitments to life's celebrations or even settling into this welcoming city.

Embarking on this path can raise numerous queries, especially when it pertains to financial planning. To lighten the load of your aspirations and ensure they never become a financial burden, consider the possibility of a Personal Loan. Axis Bank offers tailored financial assistance, positioning itself as a reliable partner for those seeking a Personal Loan provider in Chennai.



Features and Benefits



Documents Required for a Personal Loan in Chennai

Obtaining a Personal Loan in Chennai : A simplified documentation process

Facilitating a Personal Loan in Chennai requires only a handful of essential documents. To initiate your application process, please ensure you have the following :

Identification verification : PAN card, Aadhaar card or your current passport

Residence confirmation : Recent utility bills or a valid rental agreement

Earnings documentation : Recent salary slips or income tax return documents

Financial statements : Bank statements from the past 6 months



Uses of Personal Loan in Chennai

As Chennai’s cultural richness unfolds, let your wedding

  • Secure your ideal venue within the city’s charm without the financial burden
  • Guarantee top-notch caterers, decorators and photographers with expenses smoothly managed

Set off on global adventures from Chennai’s threshold. Personal Loan finance in Chennai aids in:

  • Book your flights or train journeys to dreamy locales with ease
  • Opt for luxury or quaint stays, unshackled by budget concerns

During health emergencies, an instant Personal Loan in Chennai can be crucial for:

  • Medical bills: Address hospital expenses promptly, allowing you to concentrate on healing
  • Treatment costs: Access the best medical care, procedures and drugs without second thoughts

Transform your living space into a sanctuary. Some ways a Personal Loan in Chennai can support include:

  • Helping in financing your apartment’s overhaul, from vital repairs to decor upgrades
  • Making it possible to add an extra room to your independent home to accommodate your growing family

With a Personal Loan in Chennai, let not fiscal limits restrain life’s significant chapters or unforeseen paths




Interest rate and charges in Chennai for a personal loan

Securing a Personal Loan in Chennai comes with certain costs. Here's a breakdown of the rates and charges you can expect :

Base interest rate : For a Personal Loan in Chennai, rates begin at a modest 9.25% p.a., with the final rate influenced by a standard MCLR spread. The final rates will be from 10.65% to 22% p.a.

Stability in repayments : Once your easy Personal Loan in Chennai is set, the interest rates are fixed for the duration, with no adjustments or resets.

Processing fee : A one-time fee capped at 2% of the loan amount plus applicable GST makes the processing of a quick Personal Loan in Chennai transparent.

Pre-payment terms : If you decide to pay off your loan early, a charge of 3% applies for loan tenures up to 36 months, and 2% for loan tenures longer over 36 months.

Service charges : Minimal charges for administrative tasks ensure that managing your loan remains straightforward and cost-effective.



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Frequently Asked Questions

In Chennai, the criteria for obtaining a Personal Loan necessitate that applicants are salaried individuals, within the age bracket of 21 to 60 years at loan maturity, and earning a monthly income in excess of ₹15,000.

You must submit a fully completed application form, supply the requisite KYC documents, offer valid age proof, and provide income proof along with recognised documents for signature verification, such as a passport or PAN card, to apply for a Personal Loan in Chennai.

Axis Bank's process for sanctioning a Personal Loan in Chennai is distinguished by its swift and methodical approach, with the entire procedure typically finalised in just 4 working days, provided all documentation is thorough and accurate. You can get apply for an instant Personal Loan online and if you meet all the eligibility criteria, you can get the approval and the amount disbursed within few minutes.

The minimum income threshold set for eligibility for a Personal Loan in Chennai stands at ₹15,000 per month, ensuring applicants have the financial stability to undertake such a financial commitment.



A personal loan for your personal goals.Apply Now

A personal loan for
your personal goals