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Personal Loan Chennai

Apply Online For Personal Loans in Chennai At Lowest Interest Rates

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Personal Loan

Instant Approval

Traditionally personal loans are known to hard processing to get from the bank, even though many have the potentials to earn more money from the loan they get. But this has never been easier now.

Chennai Personal Loan Team

In Chennai Personal loans are took by a individual person for rectifying his personal needs. For salaried employees personal loan are provided with least documents and also for self employed businessman . we are keen on focusing salaried and selfemployed customers In Chennai many of the IT companies are situated. Chennai we are providing loans for easy installment upto 5years.

Banks Interest Rate, Processing Fee with Tenure & EMI per Lakh

Name of the Provider Interest Rate (Min & Max) Processing Fee Repayment (No. of Months) Emi Per Lakh
HDFC Bank 11.49%-20.00% Upto 2.5% of the loan amount,
subject to a maximum of 25,000 INR and a minimum of 1,000 INR
12 -60 months depends upon company categorization 2199 to 2650
Axis Bank Limited 15.50%-24.00% 1.50%-2.00% of the loan amount + Service Tax, as applicable 12 – 60 months 2406 to 2877
ICICI Bank 11.49%-22.00% Upto 2.50% of the loan amount + Service Tax, as applicable 24- 60 months depends upon company categorization 2199 to 2762
HDB 18.00%-18.5% Upto 2.5%+Service Tax , as applicable 12-60months depends upon company categorization 2567
Bajaj Finserv 12.5%-16.00% 2.25%-3% of the loan amount 12-60months depends upon company categorization 2432
RBL Bank 16.00% to 21.00% Upto 2.5% of the loan amount 12-60months depends upon company categorization 2432 to 2706
Capital First 14.00% to 19.00% Upto 2.5% of the loan amount 12-60months depends upon company categorization 2327 to 2595
Kotak Bank 11.50-24.00% Upto 2% + ST + Other levies 12-60months depends upon company categorization 2200 to 2877
Other Banks 17.25%-35.00% Upto 6.5% of the loan amount 12-60months depends upon company categorization 2499 to 3550

*Note:
The figures provided in the table are indicative subject to change from time.

Loan Processing in Chennai

Nowadays salaried employees can avail a loan easily with active salary credits. Hence they are eligible for loan of Minimum salary of 15000/- should be credited to his salary account(Condition apply)*. In that the next we have to see the company in which he is working for because we have more than forty thousand companies in our banking list in that the customer company should be represented by the sales person then only he eligible for a personal-loan.

Specific credit in this Chennai area is immediate now! Immediately everything comes nearer to you. Finally doorstep affiliations available for individual change. In the wake of requesting our individual will make a call and get a couple data about your association, pay inspirations driving vitality, existing headway unassuming parts and charge card unpretentious fragments and so forth. Finally we see the limit for you and fix a meeting with you After gathering the stories the login approach for your record is started.

 

Maximum Annual Percentage Rate (APR)

APR 11.49% to 22%
Representative example of the total cost of the loan, including all applicable fees Here is an illustration of the total cost of the loan:

1. Total amount borrowed: Rs. 100,000
2. Time period: 12 months to 60 months
3. Interest Rate: 11.49% to 22%
4. Processing Fee payable to: Upto Rs. 2,000
5. Fee payable to MyLoanCare: NIL
6. Total Monthly Cost – From Rs. 2,337 for a months Rs. 100,000 loan at 11.49% (lowest rate, longest time period) to Rs. 9,359 for a 12 months Rs. 100,000 loan at 22% (highest rate, shortest time period). This is inclusive of principal repayment.
7. Annual Percentage Rate (APR) of charge including all applicable fees: 11.89% to 22.4%
8. Total cost payable over loan tenure: Rs. 14,313 for 12 months loan to Rs. 42,233 for 60 months loan.

Met all requirements for chennai range

We have a layout of alliance classes open in our banks in that your connection should be given our brisk review then you are met all necessities for apply single credit in chennai. The most fundamental things is the remuneration of the customer should be credited in the record then simply the customer can advantage an individual progression.

How we process your request?

Reliably in bank we have a tat time for an individual customer for setting up his application whether the customer holds a respectable cibil score, and brilliant notoriety as showed by cibil then he can advantage an individual progress easily with littlest of 2 working days. Finally the credit manager will look up the cibil details and caputure the approved loan amount. At last the cheque is collected for security by the bank and the loan amount got disbursed to the bank account of the customer.

Total Cost of Loan Example

Loan Amount Sanctioned 2000000
Rate of Interest 11.49%
Tenure in Months 60
Processing Fees (rate as %age of Loan Amount) 2.25%
Processing Fees Amount 45000
Service Tax @ 15% on Processing Fees 6750
Total Processing Fees (PF + Service Tax) 51750
Secure Fee (Deducted from Disbursement) 999
Stamp Duty (Rs.) 50
Total Deduction (Charges) 52799
Net Disbursement Amount 1947201
EMI 43975

 

Documents Required!

List of Documents required to process your request!

  1. Last salary slip
  2. Last 3 month’s bank statement
  3. Identity proof
  4. Address proof
  5. Signature proof
  6. Photograph

*Note: Processing loan may extent in case if you have problem with your cible score or document verification.

Do you have any query?

Call usLeave a Message/Call:

+91 994 111 9286 

Email:

support@press4loans.com


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