Loan Amount
Up to ₹50 Lakh
Loan Tenure
Starting at 9.99%* p.a.
Interest Rate
12-84 Months

Personal Loan EMI Calculator

Our Personal Loan EMI Calculator helps plan your finances, so you can plan around festive seasons like Pongal with ease. Just enter your loan amount, interest rate, and preferred repayment period, and the calculator displays your estimated monthly repayments.

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99%
30%

Tenure

Months
12 Months
84 Months

Why Choose Poonawalla Fincorp

collateral icon Collateral-free
Loan
Interest rate icon Attractive Interest
Rate
document icon Minimal
Documentation
Use icon No End-use
Restrictions
quick icon Quick
Approval
Zero Icon Zero Hidden
Charges

Apply for a Personal Loan Online in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Get an Instant Personal Loan in the ‘Detroit of India’ by keeping the following documents ready beforehand:

KYC Documents PAN Card, Aadhaar Card, Driving License, Voter ID, Passport
Address Proof Passport, Utility Bills, Rent Agreement
Income Proof Salary slips for the last 1 month
Financial Proof Bank statement for the last 3 months
Employment Proof Office email / Office ID card (if office email ID is not confirmed)

Learn about the documents required for Personal Loan in detail here. 
 

A Personal Loan is commonly taken for a variety of reasons across Chennai, from the inland suburbs of Padi to the Coromandel coast. These include:

  • Home renovation: Upgrading appliances and modernising interiors in residential areas like Anna Nagar or Alwarpet.
  • Medical emergencies: Covering unexpected hospital bills or treatments without dipping into long-term savings
  • Wedding expenses: Funding expensive wedding ceremonies, especially with the modern trends of beach weddings along the beaches of the Coromandel Coast.
  • Education fees: Securing funds to pay off educational expenses when approaching higher-level post-graduate degrees, such as a Master’s degree.

Poonawalla Fincorp enables access to personal loans in Chennai for salaried professionals across the city, from its industrial north to its residential south. Some examples of who can access this loan are:

  • IT and tech professionals: Software engineers, developers, and IT staff with stable incomes working in major tech hubs like OMR and Guindy.
  • Doctors and healthcare professionals: Medical staff from hospitals like Apollo or Oxymed hospitals who receive a consistent salary.
  • Government employees: School teachers and other government positions who have considerable stability due to tenure.

The following tips can boost your chances of approval regardless of whether you are in Mount Road, Poes Garden, or in a nearby region like Tirunelveli.

  • Maintain a healthy credit score: A healthy credit score can help you secure favourable loan terms or faster approvals. If needed, you can increase this score by clearing some of your existing debts.
  • Show stable income: Whether you work in an industrial hub like Thiruvottiyur or an IT firm in Guindy, showing consistent income in your latest salary slips is key to increasing your loan approval chances.
  • Keep a low debt-to-income ratio: Avoid having too many existing loans or high credit card usage, to create a positive impression with your profile. 
  • Ensure Accurate Documentation: Keep your KYC documents and income proof statements updated to ensure a seamless application and approval process, especially if you’ve recently moved from Madurai, Vellore, or some other city outside of Chennai.
  • Choose the right tenure: Apply for an EMI rate you can realistically repay while ensuring that you account for seasonal slowdowns or festive seasons in Chennai.

Whether you are a salaried employee in Velachery or Perambur, an Instant Personal Loan from Poonawalla Fincorp provides you with several advantages.

  • Swift approval process: Quick approval with just a few clicks is ideal for professionals across Chennai and even in other thriving hotspots like Erode, helping you access funds without delays.
  • Flexible repayment options: The choice of repayment tenure helps you plan your finances flexibly around your personal monetary situation.
  • Competitive interest rates: Poonawalla Fincorp offers competitive interest rates on its Personal Loan in Chennai, making borrowing more affordable and easier to manage.
  • Minimal Documentation: Requiring few necessary verification documents makes applying simple across Chennai, whether you are based in Anna Nagar or Parry’s Corner.
  • No collateral required: Access funds without pledging assets, making a Personal Loan convenient for individuals across Chennai, from young professionals in Adyar to industrial workers in Tambaram.

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Yes, many borrowers in Chennai use personal loans to manage unexpected medical bills.

Yes, you can get an Instant Personal Loan in Chennai without a CIBIL score, as not having a credit history means you are New to Credit (NTC), and not that you have a bad credit history.

You need a minimum monthly salary of ₹30,000 to be eligible for a Personal Loan with Poonawalla Fincorp in Chennai. This threshold ensures you have sufficient income to manage EMI repayments comfortably alongside your regular expenses.

No, Poonawalla Fincorp maintains complete transparency with zero hidden charges for its Personal Loan in Chennai.

Yes, an Instant Personal Loan from Poonawalla Fincorp has no end-use restrictions, and accordingly can be used for home renovations across India, including Anna Nagar. 

With Poonawalla Fincorp’s Personal Loan in Chennai, you can borrow up to ₹50 Lakh, depending on your eligibility, income level, and repayment capacity.

Yes, you can prepay your Personal Loan in Chennai with no additional charges after the first six EMIs using your own funds. However, charges may apply if the prepayment is made within the first six months or through a balance transfer from another financial institution.