Personal Loan EMI Calculator
Chennai blends tradition with steady urban growth. From major IT corridors in OMR and Guindy to commercial zones in T. Nagar and Anna Nagar, the city draws salaried professionals, entrepreneurs, and growing families. Well-connected neighbourhoods near Velachery, Porur, and along GST Road have made daily life more convenient, but rising housing costs, education expenses, healthcare needs, and commuting spend have also increased monthly financial pressure for many residents.
Whether you are relocating closer to your workplace, handling school or college fees, covering medical expenses, or planning a family function, a Personal Loan in Chennai from Hero FinCorp can help you access funds quickly without touching long-term savings. With loan amounts of up to Rs 5 Lakh, competitive interest rates, and instant online approval, managing planned and unexpected expenses becomes simpler and more predictable.
Chennai borrowers value reliability, clear terms, and timely disbursals. Our Personal Loan is designed around these expectations.
If you live in areas such as OMR, Velachery, Tambaram, Porur, Anna Nagar, or Adyar and work in IT parks, industrial hubs, or corporate offices, this digital-first process helps you save time while keeping finances on track.
We offer a fully digital, collateral-free Personal Loan personalised to the needs of salaried and self-employed individuals in Chennai.
Our rate for a Personal Loan starts from 19% per annum, making repayments manageable. Borrowers with a strong profile may get a lower interest rate.
You can get a personal loan of up to Rs 5 Lakh online for various purposes based on your Personal Loan eligibility.
Personal Loans can be used for travelling, higher education, home renovation or any other personal needs.These loans provide quick access to funds without paperwork.
Personal Loans are unsecured loans, which means you do not need to provide any security or collateral.
To apply for an instant loan in Chennai, the following Personal Loan eligibility criteria must be fulfilled.
| Criteria | Requirement |
| Age | 21 to 58 years. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | 6 months for salaried employees, and 2 years for self-employed. |
| Monthly Income | Minimum Rs 15,000 |
| Credit Score | 725 or higher |
You can easily apply for a Personal Loan in Chennai as our process to apply is fully digital and hassle-free.You only need to give digital consent for verification. It is advisable to keep your PAN and Aadhaar numbers ready to make the process quick and smooth.
Our Personal Loan interest rates in Chennai are nominal. So, you don't need to worry about paying exorbitant charges in addition to the principal amount you borrow. Here are our personal loan interest rates and applicable charges.
| Fees & Charges | Amount Chargeable |
| Interest Rate | Starting from 19% p.a. |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | Up to 5% + GST (As per the latest NBFC Master Circulars) |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
Get instant Personal Loan approval in Chennai without hassle. To initiate your loan application, either visit our website or install the loan app.
Visit the Hero FinCorp website or install the loan app
Go to the Personal Loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
Chennai’s mix of traditional neighbourhoods and fast-growing business corridors creates its own set of financial needs. A Personal Loan in Chennai can be used for a wide range of purposes, such as:
Since the loan is unsecured, you have complete freedom to use the funds in a way that best fits your personal and family priorities.
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