Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation!

Chennai, also known as the “Detroit of South Asia” is famous for its thriving automobile industry. It is also a cultural and educational hub of South India. Over the years, Chennai has swiftly progressed to being a fast-paced metropolis and boasts a large number of financial institutions and national level commercial banks. If you are looking for simple and quick financing options in Chennai, a Personal Loan could be the ideal choice for you. Whatever your financial requirements may be, a Personal Loan can help fulfil your needs conveniently.

Banks and NBFCs are capitalising on the rapid financial growth of Chennai and expanding their businesses by giving out personal loans. What’s more, Personal Loans do not require any security or collateral, hence the approval process involves minimal documentation and the processing time is also less. Therefore, if you are in urgent need of funds, you can always apply for a personal loan at Bajaj Markets.

Top Personal Loan Providers in Chennai

Many banks and NBFCs offer personal loans in Chennai. Here is a list of all the lenders you can apply for a personal loan with at Bajaj Markets:

  • Bajaj Finance Limited

  • Fullerton India Credit Co. Ltd.

  • PaySense Partners - PayU Finance (India) Pvt. Ltd

  • Prefr - Powered by Hero Fincorp

  • Axis Bank

  • Muthoot Finance

  • SBFC Finance Pvt Ltd.

  • CASHe

  • EarlySalary

  • Yes Bank

  • KreditBee

Features & Benefits of Personal Loan in Chennai

There are numerous benefits of availing a personal loan to finance your lifestyle needs or when you are in urgent need of funds in case of an emergency. Given below are some of the features and benefits of availing a personal loan in Chennai:

  • Minimal Documentation: These days, many banks and NBFCs are willing to grant personal loans with minimal documentation if you have a healthy credit profile and already have a good relationship with them.

  • Quick Disbursement: On successful approval of your loan application, most lenders would disburse the loan amount to your bank account within 24 hours.

  • Flexible Tenure: Most lenders allow you to repay your personal loan comfortably over a tenure of 12 to 60 months.

  • No Hidden Charges: There are no hidden charges involved if you apply for a personal loan at Bajaj Markets.

  • Swift Approval: All you need to do is fill in an online application form and upload the relevant documents. Your personal loan application will be approved instantly and the amount shall be disbursed within 24 hours of approval.

  • Online Loan Account: Get convenient access to your loan account anytime and anywhere with the Bajaj Markets customer portal - Experia.

  • Value-Added Services: You also get a few additional services if you apply for a personal loan at Bajaj Markets such as customised insurance plans to protect your loan liability and a free Financial Fitness report without any third party involved in the process.

Chennai Personal Loan Interest Rates

You can avail personal loans in Chennai from Bajaj Markets at affordable interest rates. The following table lists down the interest rates levied by our lending partners along with the applicable processing fee:


Interest Rate

Processing Fee

Bajaj Finance Limited

13.99% p.a. onwards

Up to 3.99% of the loan amount

Fullerton India Credit Co. Ltd.

12% p.a. onwards

Between 0% - 6% of the loan amount

PaySense Partners - PayU Finance (India) Pvt. Ltd

1.33% - 2.17% per month

2% of the loan amount or ₹500 (whichever is higher)

Axis Bank

10.49% p.a. onwards

Up to 2% of the loan amount

Muthoot Finance

13.75% p.a. onwards

2% - 4% of the loan amount

SBFC Finance Pvt Ltd.

14.0% p.a. to 19.5% p.a.

2% of the loan amount


2.75% per month

Flat ₹500 for loan amount between 0 to 33333 and 1.50% on the loan amount when loan amount is greater than 33333 (if the loan tenure is 3 months).

Flat ₹1200 or 2% on the loan amount whichever is higher (if the loan tenure is 6 months, 9 months or 12 months).

Flat ₹1000 or 3% of the principal amount whichever is higher (if the loan tenure is 18 months).


2% per month

Starting from ₹399 + Rs.100 stamp duty

Yes Bank

Starting from 10.70%

Starting from flat ₹1499/- to 2.50% of loan amount


14% onwards


Eligibility for Personal Loan in Chennai

While eligibility criteria is different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are as under:

  • You must be an Indian citizen.

  • You must have a regular source of income. You can be either a salaried employee of a company or a self-employed individual.

  • You must be a legal adult- at least 18 years of age. Some lenders have a higher lower age limit- 21 years or 25 years. There is also an upper age limit- to be eligible for a personal loan- usually between 58 and 65 years.

Documents Required for Chennai Personal Loan

You will need to furnish the following documents while applying for a personal loan:

  • Identity Proof: Voter ID Card, Aadhaar Card, PAN Card, passport etc.

  • Address Proof: Aadhaar Card, driving licence, Voter Card, passport, utility bills, rent agreement, etc.

  • Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income return certificate or latest Form 16.

How to Apply for a Personal Loan in Chennai

Applying for a personal loan in Chennai via Bajaj Markets is an easy and hassle-free process. All you need to do is follow the steps mentioned below:

Step 1: Visit the Personal Loans page on the Bajaj Markets website.

Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.

Step 3: Enter some basic details like your income, type of employment and contact number.

Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you the best.

Personal Loan in Chennai Reviews

Personal Loan in Chennai Reviews

4.5out of 5

3 reviews

Persoanl Loan for Post-Graduation Abroad

I am a resident of Chennai. My daughter wished to pursue her post-graduation in a foreign university and so I availed a Bajaj Finserv personal loan in Chennai. The loan approval was smooth and I opted for a longer tenure that helped me reduce my repayment burden.

Got 2-Wheeler with Personal Loan in Chennai

I availed a personal loan in Chennai to purchase a two-wheeler. Availing a personal loan had never been this easy. All thanks to Finserv MARKETS.

Loan to Cover Wedding Expenses

I availed a personal loan in Chennai to fund for my daughter wedding expenses. And it really helped me and made her special day even more memorable. I was concerned about paying the EMIs but luckily the flexible repayment tenures helped me.