Instant Personal Loan in Chennai
- Instant Loan of Up To ₹50,000/-
- Disbursal in 2 Hours
- 100% Digital Process
- Flexible Loan Tenure
- Direct Transfer to Bank Account
A Brief Overview of the Financial Landscape in Chennai
Chennai, the capital of Tamil Nadu, is an iconic city in India, steeped in culture and tradition. With its number of job opportunities and solid infrastructure, Chennai emerges as a highly desirable place to reside. However, like in other tier-I cities, living expenses in Chennai can be rather steep.
For their residents to fulfill their different financial needs, we provide personal loans in Chennai.
Unique Features of Personal Loans in Chennai
Instant Approval: Experience fast approval processes, ensuring urgent financial needs are met promptly.
Flexible Repayment Options: Choose from a variety of repayment schedules to suit your monthly finances in Chennai. You can either pay on EMI basis or in one go.
RBI-registered NBFC-P2P: InstaMoney RBI-registered Non-Banking Financial Company Peer-to-Peer lending platform.
Less Documentation: Your application process needs minimal documentation requirements.
Eligibility Criteria for Personal Loan in Chennai
- The monthly income of applicants must be Rs. 12,000 or more.
- Applicants need a Credit score of 600.
- When submitting your bank details, please ensure to provide the account information where you receive your income
- Applicants must be aged between 21 and 55 years.
Documents Required for Personal Loan in Chennai
Identity Proof | Address Proof | Income Proof |
PAN Card is the primary ID proof required. If it is rejected due to image quality issues or other reasons, please try again. | Aadhaar Card | If you are self-employed, provide the last 3 months of bank statements. OR If you are a salaried, provide the last 3 months’ bank statements of your salary account |
How to Apply for Personal Loan in Chennai
1. Check Eligibility
Visit the InstaMoney website or download the app, enter all the necessary details, and receive your eligibility status within 2 minutes.
2. Choose Loan Duration
Select your preferred loan amount and repayment period from the available options
3. Upload Documents
Upload all required documents online for verification.
4. Loan Amount Disbursed
Once your documents are verified and the loan agreement is submitted, the approved amount will be transferred to your bank account within 2 hours.
FAQ
Personal loans in Chennai offer flexible repayment options, including monthly EMIs or payment in one go. You can choose the option that best suits your financial situation and preferences.
No, many personal loan companies in Chennai allow early repayment of personal loans without imposing penalties.
The processing time for personal loan applications in Chennai varies depending on the loan giving company, and the status of your application. Typically, approval can range from a few hours to a few days, with disbursal usually occurring within 2 hours.
To apply for a personal loan in Chennai, you only need two documents Pan card and an Aadhar card.
Yes, loans are multipurpose loans, this allows you to use the funds for various purposes such as home renovations, medical emergencies, wedding expenses, debt consolidation, or any other personal financial need.
Customer Support Information:
Feel free to contact us if you have any questions or concerns.
Contact us for more details cs@lendenclub.com
