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
Loan accessibility
Whether for personal milestones or professional endeavors, obtain loans ranging from ₹50,000 to ₹40 lakh to bring your ambitions to fruition.
Streamlined documentation
Experience a hassle-free application process with our simplified documentation requirement, making it easier to get a loan in Chennai.
Rapid loan processing
Time is of the essence, and our quick processing ensures you receive your easy Personal Loan in Chennai without undue delay.
Adaptable repayment tenures
Our flexible loan tenures ranging from 12 to 84 months are designed to accommodate your repayment ability, enhancing your financial planning without adding pressure.
Exclusive pre-qualified offers
As an Axis Bank patron, enjoy the privilege of pre-approved loans that fast-track your access to Personal Loan finance in Chennai, simplifying your borrowing experience.
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.
