Bajaj Finance Limited in Chennai
Formerly known as Madras, Chennai is the capital city of Tamil Nadu and is located on the Coromandel Coast. It is one of the largest educational, economic and cultural centres of South India and among the most visited destinations by foreign tourists.
Residents in Chennai can get finance from personal loan providers in Chennai at reasonable rates. Bajaj Finance Limited brings personalised benefits for eligible borrowers.
Proceed to apply online now.
Features and benefits of personal loan in Chennai
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Repay easily
Select a repayment tenor ranging between 12 months and 96 months months and repay according to your financial capability.
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Transparent policy
Our terms and conditions are transparent with no hidden charges. Keep the cost of borrowing minimal.
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Loans up to Rs. 55 lakh
Opt for personal loans of up to Rs. 55 lakh against no collateral or security.
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Flexi loans
With the unique Flexi loan facility, repay comfortably and save up to 45%* on EMIs.
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Few documents
Minimum document requirement speeds up and simplifies the loan application process.
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Online account management
Access the loan account online and track all information through our customer portal - My Account.
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Fast approval
Fill the online application form to get instant loan approval post submission on our personal loan finance in Chennai.
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Receive funds in 24 hours*
Bajaj Finserv transfers the approved personal loan amount within 24 hours*. Receive the funds directly in your account.
Serving as the gateway to South India, Chennai is called the Health Capital of India for its healthcare facilities. It sees a large influx of medical tourists every year. The Chennai Metropolitan Area is one of India’s largest municipal economies and houses over one-third of the country’s automobile industry. Other industries include hardware manufacturing, computer technology and information technology.
Residents of Chennai can address their monetary needs effectively by availing of a Bajaj Finserv Personal Loan of up to Rs. 55 lakh. Once approved, the money gets transferred to your bank account within 24 hours*. Irrespective of where you are, stay updated about your loan application status, EMI due dates, upcoming payments, current outstanding and more through our customer portal - My Account.
*Conditions apply
Eligibility criteria for personal loan finance in Chennai
Qualify for high-value credit by meeting our simple personal loan eligibility criteria.
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Nationality
Indian, resident of India
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Employment
Must be a salaried employee at a reputed MNC or a private/ public limited company
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Credit score
Above 685
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Age
Between 21 years to 80 years*. 80 years* or younger, at the end of the loan tenure.
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Income
Minimum salary requirement is Rs. 35,000 per month. Refer to our eligibility page for other details
The online Bajaj Finserv Eligibility Calculator enables borrowers to apply for the appropriate amount and increases their chances of approval. Once you apply online, you can easily keep track of the application status on our app.
Documents required for personal loan finance in Chennai
The documentation requirements for a personal loan in Chennai can vary from lender to lender. Below are the documents that are required to be submitted when applying for a Bajaj Finance Personal Loan:
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
Interest rates and charges
Bajaj Finance Limited offers low interest personal loans in chennai. Evaluate your monthly outflows towards loan repayment based on the applicable interest rates and other fees.
Current Interest Rate on Personal Loans
Check the online interest calculator to find accurate repayment details based on the latest personal loan interest rate. It helps you plan better and choose the best loan option.
Type of fee |
Applicable charges |
Rate of interest |
10% to 31% p.a. |
Processing fees |
Up to 3.93% of the loan amount (inclusive of applicable taxes). |
| Flexi Facility Charge | Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)
*All the Flexi charges above are inclusive of applicable taxes *Loan amount includes approved loan amount, insurance premium, and VAS charges. |
Bounce charges |
Rs. 700 - Rs. 1,200 per bounce. |
| Pre-payment charges | Full Prepayment
Part-prepayment
*Foreclosure will be processed post clearance of first EMI |
Penal charge |
Delay in payment of instalment(s) shall attract Penal Charge of Rs. 8 - Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges |
Term Loan: Not applicable Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges. Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure. |
| Broken period interest / Pre-monthly Instalment interest |
Broken Period Interest/Pre-monthly instalment Interest" shall mean the amount of interest on loan for the number of day(s) which is (are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan. Method of recovery of Broken Period Interest/pre-monthly instalment interest:
Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, interest on first instalment will be charged for actual number of days. |
Note: Additional cess if any, will be applicable to all charges according to state law.
*Terms and conditions apply.
Frequently asked questions
To get a personal loan in Chennai with a salary of Rs. 15,000, approach banks, NBFCs, or online lending platforms. Provide necessary documents like proof of income, address, and identity. Consider your credit score and existing debts. Online lenders may have different eligibility criteria, so compare options before applying.
To obtain a personal loan quickly in Chennai, consider online lenders for faster processing. Ensure you meet eligibility criteria, have required documents ready, and maintain a good credit score. Online platforms may offer instant approval and disbursal. Compare interest rates and terms to choose the most suitable option for your needs.
Several lending institutions in Chennai offer personal loans, including Bajaj Finserv. The best choice depends on your specific requirements, interest rates, and eligibility criteria. Compare offerings from various institutions to find the most suitable option.
