Paisabazaar offers easy and quick personal loans for residents of Chennai with 100% digital processes and fast approval chances. With loan amounts up to Rs. 50 lakh and tenures up to 5 years, borrowers can get flexible repayment options at competitive interest rates and transparent fees & charges at Paisabazaar.
Personal Loan in Chennai

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Personal Loan in Chennai - Interest Rate, Tenure & Features 2026
Top Banks & NBFCs for Personal Loan in Chennai
| Bank/NBFC | Interest Rates (% p.a.) | Processing Fees |
|---|---|---|
| Aditya Birla Finance | 10.99 onwards | Up to 4% |
| Axis Bank | 9.99 onwards* | Up to 2% |
| Bank of Baroda | 10.15-18.00 | Up to 2% (Max. Rs. 10,000) |
| Bajaj Finance Limited | 10.00-30.00 | Up to 3.93% |
| Bank of India | 10.85-16.15 | Up to 1% (Min. Rs. 250; Max. Rs. 15,000) |
| Bank of Maharashtra | 8.75-13.55 | Up to 1% (Max. Rs. 10,000) |
| Canara Bank | 9.70-15.15 | Up to 0.5% (Max. Rs. 5000) |
| Central Bank of India | 9.85-11.65 | Up to 1% |
| Cholamandalam IFC | 10.00-28.00 | 4% - 6% |
| Dhani Loans & Services Ltd. | 13.99 onwards | 3% onwards |
| Federal Bank | 12.00 - 22.50* | Up to 2% |
| HDB Financial Services | 10.00 - 35.00 | Up to 5.90% |
| HDFC Bank | 9.99 onwards | Up to Rs 6,500 |
| Hero Fincorp | Up to 30* | 2.3% - 3% |
| HSBC Bank | 9.75 onwards | Up to 2% |
| ICICI Bank | 9.99 onwards | Up to 2% |
| IDFC FIRST Bank | 9.99 onwards | Up to 2% |
| IIFL Finance | 12.00 - 28.00 | 2% - 9% |
| Indian Overseas Bank | 10.25 onwards | Up to 0.75% |
| IndusInd Bank | 10.35 onwards* | Up to 3.5% |
| Kotak Mahindra Bank | 9.98 onwards* | Up to 5% |
| L&T Finance | 11.00 onwards | Up to 3% |
| Mahindra Finance | 8.00 - 25.00 | 2% of loan amount or Rs. 5,000, whichever is lower |
| Mannapuram Finance | 18.00 - 24.00 | 1% of loan amount |
| Moneyview | 14.00 onwards | 2% onwards |
| Muthoot Finance | 13.50 onwards | Varies for each application |
| Piramal Finance | 12.14 onwards | Up to 5% |
| Poonawalla Fincorp | 9.99 onwards | Up to 3% |
| Punjab & Sind Bank | 9.60-13.85 | 0.50% - 1% |
| Punjab National Bank | 10.25-16.80 | Up to 1% |
| Shriram Finance | 11.00 onwards | Up to 5% |
| Tata Capital | 10.99 onwards | Up to 3.5% |
| UCO Bank | 9.95 - 13.20 | Up to 1% (Min. Rs. 750) |
| Union Bank of India | 8.75 - 12.55 | Up to 1% (Max. Rs. 7,500) |
*Paisabazaar special rates
Note: Rates as of 1st July 2026
Personal Loan Eligibility in Chennai
Borrowers need to qualify for the below-mentioned eligibility criteria for personal loans in Chennai:
Instant Personal Loan in Chennai
Individuals can apply for a pre-approved personal loan if they are looking for an instant personal loan in Chennai. A pre-approved offer is extended by lenders to their select customers, based on their credit profile and banking history.
Interested borrowers can visit the Paisabazaar loan app and check for pre-approved offers from multiple lenders.
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How Much Personal Loan Can I Get in Chennai?
You can get a personal loan of up to Rs. 50 lakh if you live in Chennai. However, the loan amount approved to a borrower depends on various factors, including:
Provided below is a table showing the estimated personal loan amount eligibility across different income ranges:
| Monthly Net Income | Estimated Personal Loan Eligibility Range |
| Personal Loan for ₹25,000 Salary | Up to Rs. 4 lakh |
| Personal Loan for ₹30,000 Salary | Up to Rs. 5 lakh |
| Personal Loan for ₹40,000 Salary | Up to Rs. 6 lakh |
| Personal Loan for ₹50,000 Salary | Up to Rs. 7 lakh |
| Personal Loan for ₹60,000 Salary | Up to Rs. 8 lakh |
| Personal Loan for ₹80,000 Salary | Up to Rs. 10 lakh |
| Personal Loan for ₹100,000 Salary | Up to Rs. 15 lakh |
Note: The above calculation is done considering monthly expenses and for a tenure of 5 years. The eligible loan amount may vary from case to case.
EMI Calculator for Chennai Residents
A personal loan EMI calculator is a smart repayment planning tool. Using Paisabazaar’s personal loan EMI calculator, applicants can understand their EMIs beforehand and apply for a loan amount accordingly.
To use an EMI calculator, follow the steps mentioned below:
Documents Required
To get a personal loan in Chennai, applicants will need to submit the following documents:
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Personal Loan Across Top Cities in India
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FAQs
Which bank gives the best personal loan in Chennai 2026?
Paisabazaar offers the best personal loan from top lenders in Chennai in 2026.
What is the minimum salary for a personal loan in Chennai?
The minimum salary required for a personal loan in Chennai is Rs. 15,000 per month if applied through Paisabazaar.
Is personal loan available for Tamil Nadu government employees?
Yes, Tamil Nadu government employees can avail personal loans offered by lenders across the country.
Can I get an instant personal loan in Chennai?
Yes, borrowers with an excellent credit score can get pre-approved personal loan offers in Chennai with instant disbursal.
What CIBIL score is needed for a personal loan in Chennai?
To get a personal loan in Chennai, borrowers need a minimum credit score of 760 and above.
Can self-employed people get personal loans in Chennai?
Yes, self-employed individuals can get personal loans in Chennai through Paisabazaar.
Is a Federal Bank personal loan available in Chennai?
Yes, Federal Bank personal loan can be availed by individuals across the country, including Chennai.
How to apply for a personal loan in Chennai online?
Chennai borrowers can visit the Paisabazaar app or website to apply for a personal loan online.
What is the maximum personal loan amount in Chennai?
The maximum loan amount that borrowers can avail of in Chennai is Rs. 50 lakh, depending on their credit profile and repayment capacity.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*







