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Personal Loan in Chennai

Apply for a Personal Loan up to 10 Lakhs in Chennai

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Chennai, the capital of Tamil Nadu, is one of the most iconic cities in the country. Rooted in culture and tradition, Chennai offers an abundance of job opportunities and good infrastructure which makes it one of the most sought after places to live in. However, as is the case with most tier-I cities, Chennai is also quite expensive.

If you live in Chennai and need a little help with your finances, then we have the perfect solution for you.

Features and Benefits of Personal Loan in Chennai

Flexible Loan Sum

Borrow from ₹5,000 to ₹10 Lakh maximum

Unsecured Loans

Applying for a personal loan through Moneyview doesn't require a guarantor or collateral

Quick Processing

After approval, the loan amount is transferred to your bank account within a day

Competitive Interest Rates

Take advantage of interest rates starting from just 14% p.a.

Personal Loans for Every Need

Collateral Free Personal Loans up to ₹10 Lakh

Apply Instantly

Eligibility Criteria for Personal Loans in Chennai

Given below is Moneyview’s instant eligibility criteria for personal loans in Chennai -

Applicants must be between 21 years and 57 years
Applicants must receive an income of Rs. 25,00 or more*
Income must be credited directly to the applicants’ bank account
Credit score must be a minimum CIBIL score of 650

Documents Required For Personal Loans in Chennai

Given below are the documents required to avail personal loans in Chennai

Identity Proof	Address Proof	Income Proof
PAN Card - This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any 1 of the officially valid documents given below will suffice) Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License	Any 1 of the following - Aadhaar Card Valid Indian Passport Valid Voter ID Valid Driver’s License Utility Bills (Electricity, Water, Gas) dated within the last 60 days	Salaried Applicants - Last 3 months’ bank statements of your salary account in PDF format showing salary credits OR Self-Employed Applicants - Last 3 months’ bank statements in PDF format if you are self-employed

Personal Loan Interest Rates and Other Charges

Moneyview loans are pocket-friendly and fit into your budget, making our personal loans one of the best in the market. Read on to know more about our competitive interest rates and other charges

Fees & Charges	Amount to be Paid
Interest Rate	Starting from 14% per annum
Loan Processing Charges	Starting from 2% and going up to 8% of the approved loan amount
Part/Full Payment of the Loan (Loan Foreclosure)	No part payments are allowed Foreclosure allowed after a minimum of 3 EMIs.
Interest on Overdue EMIs	2% per month on the overdue EMI/Principal loan amount
Cheque Bounce	Rs.500/- for every bounce
Loan Cancellation	No additional charges will be levied apart from the interest amount for the period between loan disbursement and loan cancellation. Processing fees will also be retained.

Steps to Apply for Personal Loan in Chennai

1
Determine Eligibility
Determine if you are eligibile on the Moneyview site or app in just 2 minutes!
2
Decide Your Repayment Schedule
Decide on your loan value and repayment schedule from the choices available.
3
Provide Your Documents Digitally
Provide minimal documentation to confirm your profile by effortlessly uploading them online.
4
Amount Credited
Upon verification and agreement completion, your loan amount will be credited to your bank account in 24 hours!

Conclusion

Getting personal loans in Chennai is now easier than ever. Most individuals are worried about the interest rates charged by personal loan providers but at Moneyview, the interest rates and other charges are affordable and tailored to suit everyone’s needs. So what are you waiting for? Visit the Moneyview website or download the app and apply now!

Frequently Asked Questions

What Are The Fees And Charges Applicable For Moneyview Personal Loans in Chennai?

Moneyview personal loans are provided at competitive rates, for more details you can check here.

Can CIBIL Defaulters Get Instant Loans In Chennai?

Having a high credit score is essential to avail personal loans at affordable rates and convenient terms. However, at Moneyview, we use an in-house credit rating model that assesses an applicant’s creditworthiness on factors other than just his/her credit score. Therefore, even if the applicant was a CIBIL defaulter, as long as his/her CIBIL score is above 650, then a personal loan in Chennai from Moneyview can be availed.

Will I Get A Loan If I Get My Salary in Cash?

Currently we only provide loans to those individuals whose salary gets credited directly to their bank account. We will not be able to give loans to applicants who get their salaries in cash.

How Many Photocopies Of My Documents Should I Submit?

To process loans at Moneyview, we do not require any hard copies or photocopies of your documents. All you need to do is upload approved copies of your Identity, Address, and Income Proof.