Apply for Instant Personal Loan in Chennai - Up To Rs. 40 Lakh

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.

Repay easily

Select a repayment tenor ranging between 6 months and 96 months months and repay according to your financial capability.
Transparent policy

Our terms and conditions are transparent with no hidden charges. Keep the cost of borrowing minimal.
Loans up to Rs. 40 lakh

Opt for personal loans of up to Rs. 40 lakh against no collateral or security.
Flexi loans

With the unique Flexi loan facility, repay comfortably and save up to 45%* on EMIs.
Few documents

Minimum document requirement speeds up and simplifies the loan application process.
Online account management

Access the loan account online and track all information through our customer portal - My Account.
Fast approval

Fill the online application form to get instant loan approval post submission on our personal loan finance in Chennai.
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. 40 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

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

Type of fee	Applicable charges
Rate of interest	11% to 38% p.a.
Processing fees	Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee	Term Loan – Not applicable Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below) Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000 Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999 Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999 Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999 Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999 Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999 Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999 Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999 Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above All the Flexi charges above are inclusive of applicable taxes Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce charges	In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied.
Pre-payment charges	Full Prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment. Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment. Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment. Part-prepayment Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment. Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid. *Foreclosure will be processed post clearance of first EMI
Penal charge	Delay in payment of instalment(s) shall attract a penal charge of up to 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.
Mandate rejection charges	Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.
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) charged in two scenarios: Scenario 1 - Over and above the period of 30 days from the date of disbursement of the Loan: Method of recovery of Broken Period Interest/Pre-monthly Instalment interest: For Term Loan: Deduct from disbursement or added in first EMI, as applicable. For Flexi Term Loan: Added to first instalment amount For Hybrid Flexi Loan: Added to first instalment amount Scenario 2: Less than period of 30 days from the date of disbursement of the Loan: Interest on first instalment will be charged for actual number of days.
Switch fee	Up to 1.18% of the loan amount (inclusive of applicable taxes). Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable.

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 38%, and 35.71% per annum respectively. Part pre-payment and Foreclosure charges are NIL.

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.