Overview

Chennai is one of the biggest educational and economic centres in India. People can comfortably find a job or start a business here. This is because this city is home to several booming industries. But, even though Chennai has several employment prospects for you, ups and downs in the financial journey are common in everyone’s life. After all, anyone can encounter financial emergencies, be it someone residing in Chennai, or any other part of India.

So, if you are a resident of this exceptional city and require immediate monetary help, then you can opt for a personal loan in Chennai. Fullerton India offers customised personal loans depending on each individual’s needs and provides instant funding within 30 minutes* of loan approval. We pride ourselves in our service, and strive to be the best among personal loan providers in Chennai.

Personal Loan Features & Benefits

  • You can get funds  up to Rs. 25 lakhs*
  • No security is required to get the funds
  • The processing fee is up to 3% of the borrowed principal amount
  • The interest rate starts from 12.99%*
  • Flexible repayment options are available between 12 - 60 months
  • Foreclosure is allowed after full payment of  the first 6 EMIs

Documents & Eligibility

The documents required for personal loan application is minimal:

  • You need to provide proof of age, identity, and address, income/salary proof, bank statements, along with your recent passport-sized photograph
  • If you apply online, you need to upload the soft-copy of these documents
  • If you apply offline, then carry the originals and copies of the required documents to the branch office. Submit the documents with the duly signed and filled loan application form

It is important to note the eligibility criteria before dropping the loan application:

  • You must be a residing citizen of India. You should be either a salaried or a self-employed individual
  • The age limit is between 21 years and 65 years. You should be currently employed with your employer for at least 6 months
  • The minimum work experience should be for at least 1 year. The maximum EMI as a percentage of income can be up to 65%

Minimum Salary

To get an instant personal loan in Chennai, you must have a minimum monthly salary of Rs. 20,000. On the other hand, if you live in Mumbai or Delhi, the minimum monthly salary requirement is Rs. 25,000.

Interest Rates

The personal loan interest rate in Chennai is as low as 12.99%* but it can go as high as 36%*. The rate applicable depends on your age, location, employment, financial profile, monthly income/salary, repayment capacity, loan requirement, tenure, and other considerations. To get the best rates, you must have a good credit score (minimum CIBIL of 750).

How to Apply?

You can choose any one of the loan application procedures:

  • For a Personal loan apply online in Chennai, wherein all you have to do is to submit the loan application on our website. Provide the details as asked and apply for the funds from anywhere and at any time of the day.
  • Or you may even visit the nearest branch office for offline application. Our customer representative will provide you with the details of the personal loan schemes.
  • For any other query on the borrowing facility, get in touch with us on our personal loan Chennai contact number (toll-free): 1800 103 6001.

Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Higher Studies

Exotic Vacations

Hobbies

 
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