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Personal Loan in Chennai

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Personal Loan in Chennai - Interest Rate, Tenure & Features 2026

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.

Top Banks & NBFCs for Personal Loan in Chennai

Bank/NBFCInterest Rates (% p.a.)Processing Fees
Aditya Birla Finance10.99 onwardsUp to 4%
Axis Bank9.99 onwards*Up to 2%
Bank of Baroda10.15-18.00Up to 2% (Max. Rs. 10,000)
Bajaj Finance Limited10.00-30.00Up to 3.93%
Bank of India10.85-16.15Up to 1% (Min. Rs. 250; Max. Rs. 15,000)
Bank of Maharashtra8.75-13.55Up to 1% (Max. Rs. 10,000)
Canara Bank9.70-15.15Up to 0.5% (Max. Rs. 5000)
Central Bank of India9.85-11.65Up to 1%
Cholamandalam IFC10.00-28.004% - 6%
Dhani Loans & Services Ltd.13.99 onwards3% onwards
Federal Bank12.00 - 22.50*Up to 2%
HDB Financial Services10.00 - 35.00Up to 5.90%
HDFC Bank9.99 onwardsUp to Rs 6,500
Hero FincorpUp to 30*2.3% - 3%
HSBC Bank9.75 onwardsUp to 2%
ICICI Bank9.99 onwardsUp to 2%
IDFC FIRST Bank9.99 onwardsUp to 2%
IIFL Finance12.00 - 28.002% - 9%
Indian Overseas Bank10.25 onwardsUp to 0.75%
IndusInd Bank10.35 onwards*Up to 3.5%
Kotak Mahindra Bank9.98 onwards*Up to 5%
L&T Finance11.00 onwardsUp to 3%
Mahindra Finance8.00 - 25.002% of loan amount or Rs. 5,000, whichever is lower
Mannapuram Finance18.00 - 24.001% of loan amount
Moneyview14.00 onwards2% onwards
Muthoot Finance13.50 onwardsVaries for each application
Piramal Finance12.14 onwardsUp to 5%
Poonawalla Fincorp9.99 onwardsUp to 3%
Punjab & Sind Bank9.60-13.850.50% - 1%
Punjab National Bank10.25-16.80Up to 1%
Shriram Finance11.00 onwardsUp to 5%
Tata Capital10.99 onwardsUp to 3.5%
UCO Bank9.95 - 13.20Up to 1% (Min. Rs. 750)
Union Bank of India8.75 - 12.55Up 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:

  • Age: Must be aged between 21 and 65 years
  • Income:
    • Salaried: Minimum income of Rs. 15,000/month (varies as per the loan amount)
    • Self-employed: Varies across lenders
  • Credit score: A credit score of 760+ makes it convenient to get loan applications approved in Chennai
  • Employment:
    • Salaried: Minimum of a year of experience in the current organization
    • Self-employed: Minimum 3 years of operational business

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:

  • The income range of the applicant
  • The current monthly expenses
  • The existing debt
  • Credit score of the applicant
  • Tenure of the loan

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:

  • Identity proof: Photograph, Aadhaar card, PAN card, etc.
  • Address proof: Passport, Driver’s License, Utility bills, etc
  • Financial proof: Bank statement or salary slip of the last 6 months

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.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Sushmita Mishra profile
Written ByLinkedIn icon
Sushmita Mishra
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar 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%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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