Personal Loan EMI Calculator
Chennai, the capital of Tamil Nadu, is often called India’s cultural capital. The city has a rich past and proudly keeps its old traditions alive. At the same time, Chennai is a major business, education, and trade hub in South India. It attracts students, working professionals, and entrepreneurs year-round. This steady growth has increased demand for quick Personal Loans. If you're looking for a reliable Personal Loan in Chennai, you can apply online on the Hero FinCorp website or loan app. You can get an instant Personal Loan approval within minutes, subject to successful verification.
Personal Loans are unsecured loans available to both salaried and self-employed individuals with a minimum monthly income of Rs 15,000. You can apply online anytime without any documents and collateral. Hero FinCorp makes securing a Personal Loan simple, fast, and completely hassle-free. Here is what makes it stand out:
Personal Loan in Chennai has many more benefits than instant approval. Some of them are:
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 | Your age should be between 21 and 58 years to apply for the loan. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | Minimum work experience for salaried employees is 6 months, and 2 years for self-employed. |
| Monthly Income | Your monthly income should be at least Rs 15,000. |
| Credit Score | A minimum CIBIL score of 700 or higher is typically required. |
You can easily apply for a Personal Loan on our loan app or website. The application process for an instant Personal Loan in Chennai is paperless. You only need your KYC documents, which include PAN and Aadhaar numbers.
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 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
Personal Loans in Chennai are popular as they offer quick support when you need funds fast. Whether you’re planning something important or dealing with an urgent expense, an instant Personal Loan can help you manage costs with ease.
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