Get a Personal Loan in Chennai Online
Chennai, known for its strong blend of tradition and modern growth, is home to thriving IT corridors, manufacturing hubs, and a large community of salaried professionals. From the fast-paced offices in OMR and Guindy to residential neighbourhoods like Anna Nagar and Velachery, individuals across the city often need quick, reliable financial support to meet life’s evolving needs.
At Poonawalla Fincorp, getting a Personal Loan in Chennai is simple, fast, and fully online, designed to match the financial requirements of today’s professionals. Whether for marriage, debt consolidation, or a medical emergency, the immediate funds can be used anywhere. Apply now!
Personal Loan EMI Calculator
Planning your repayments is simple with our Personal Loan EMI Calculator. Just enter your desired loan amount, tenure, and interest rate to get an instant estimate of your monthly instalments. This tool helps applicants budget effectively, ensuring EMIs fit within your monthly income while avoiding financial strain.
Why Choose Poonawalla Fincorp
Explore more features and benefits of our Personal Loan.
Apply for a Personal Loan Online in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now”button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
To make borrowing responsible and convenient, we follow clear and straightforward eligibility criteria.
- Age: Between 21 and 60 years
- Citizenship: Indian
- Work Experience: At least 1 year of total work experience, 1 month with the current employer
- Employment: Must be employed in an MNC, LLP, private Ltd. company or Central Government entity
- Monthly Income: Minimum monthly salary of ₹30,000
Keep the following documents ready to ensure a smooth personal loan application process in Chennai:
- Identify Proof: PAN Card, Voter ID, Aadhaar Card, Passport or Driving License
- Income Proof: Last 1 month’s payslip
- Address Proof: Passport, Rent Agreement or Electricity Bill
- Proof of Employment: Official mail ID or Employee ID card
- Financial Documents: Last 3 months’ bank account statements
Learn about the documents required for Personal Loan in detail here.
Our personal loans come at competitive interest rates and clear charges, making us a preferred choice for monthly interest payments in Chennai.
|
Parameter |
Details |
|
Interest Rate |
9.99%* p.a. onwards |
|
Loan Amount |
₹1 lakh to ₹50 lakh |
|
Loan Processing Fees |
Up to 3% plus applicable taxes |
|
Lowest EMI per Month |
Starting from ₹2,124* per lakh for 60 months |
|
Loan Tenure |
12 to 84 months |
|
Prepayment / Foreclosure Charges |
1. Before repayment of first six EMI:
2) After repayment of first six EMIs:
|
|
Default Charges |
24% p.a. + taxes |
|
Repayment Instrument Dishonour Charges |
₹500/- per bounce |
|
Stamp Duty |
At actuals, as per state |
|
Hidden Charges |
Nil |
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
A Personal Loan offers flexible funding that can support a wide range of financial needs depending on your goals and lifestyle:
- Medical Expenses: Manage planned treatments or unexpected healthcare costs without disrupting your savings.
- Home Renovation or Interior Upgrades: Renovate apartments or upgrade interiors in residential areas like Adyar or Velachery to improve comfort and functionality.
- Wedding and Celebration Costs: Cover venue bookings, catering, and event-related expenses for family functions and special occasions.
- Travel and Holiday Planning: Finance domestic or international trips without waiting to accumulate large savings with a Travel Loan.
- Education and Skill Development: Pay for professional courses, certifications, or coaching programmes around Nungambakkam or Teynampet to support career advancement.
- Debt Consolidation: Combine multiple existing loans or credit card dues into one structured EMI for easier repayment.
- Lifestyle Upgrades: Fund purchases or experiences in shopping hubs like T. Nagar or Phoenix Marketcity without immediate financial strain through a Personal Loan for shopping.
- Consumer Durable Purchases: Purchase appliances, electronics, or gadgets while maintaining monthly cash flow.
Our loans are accessible to a wide range of residents:
- Professionals working in sectors such as IT, finance, healthcare, education, and manufacturing, including employees in IT parks around Siruseri or Ambattur Industrial Estate, can apply based on their employment profile.
- Government employees residing across Chennai, from residential neighbourhoods like Anna Nagar to growing suburbs such as Pallikaranai, can access the online application process.
- Individuals with a healthy credit score, stable monthly income and consistent employment history can increase their chances of a Personal Loan in Chennai with low interest.
- Salaried professionals working in private companies, MNCs, LLPs, or government organisations across business hubs like Nungambakkam or Taramani can apply if they meet the eligibility criteria.
To enhance your chances of a quick approval for a Personal Loan in Chennai, consider these helpful tips:
- Choose the right amount: Use the EMI calculator to choose a loan amount and tenure that fits your budget comfortably.
- Maintain a Strong Credit Score: A CIBIL Score of 700+ is generally considered good and improves your eligibility.
- Keep Documents Ready: Have all necessary KYC, income, and address proofs handy for a swift online application.
- Check Eligibility: Before applying, review eligibility criteria to ensure you meet the requirements.
- Provide Accurate Information: Ensure all details submitted in your application are precise and truthful to avoid delays.
Opting for a Personal Loan from Poonawalla Fincorp brings several advantages to Chennai residents:
- Fast Disbursal: Receive funds quickly, useful for professionals working in busy hubs like Nungambakkam or Perungudi who need timely access to credit.
- Flexible Loan Amounts: Borrow based on your eligibility to match both planned and urgent expenses.
- Easy EMI Management: Structured repayments make it easier to plan finances alongside city living costs in areas such as Velachery or Tambaram.
- Supports Urban Lifestyle Needs: Helpful for handling expenses related to modern living, whether commuting, relocation, or lifestyle upgrades across Chennai’s growing neighbourhoods like Sholinganallur.
- Collateral-free Financing: Access funds without pledging assets or property.
If you prefer face-to-face interaction for queries or support, you can visit the Poonawalla Fincorp branch in Chennai.
- Address: The Oval, 2nd Floor, Venkatanarayana Road, T. Nagar, Chennai - 600017
Contact no.: 1800-266-3201 (Toll Free)
Timings: 9:00 AM to 7:00 PM | Monday - Saturday (Closed on Sunday & Public holidays)
Happy Customers, Happy Us
Throughout my loan journey, the Poonawalla Fincorp team showcased exceptional dedication, in-depth product knowledge, and a truly customer-centric approach. At every stage, they guided me with patience and clarity, making the entire process seamless, transparent, and timely. Their proactive communication and unwavering willingness to go the extra mile are a testament to the organization’s high standards of service excellence. Such professionalism not only fosters strong customer trust but also reinforces Poonawalla Fincorp’s reputation as a leading, customer-focused financial institution. I extend my heartfelt thanks to the entire team for their commendable efforts and wish them continued success in all their endeavors.
I am incredibly grateful for the outstanding support I received throughout my loan process. The guidance provided made every step feel manageable and stress-free. What stood out most was the humility and genuine willingness to help at every stage, qualities that made a significant difference in my experience. Without this support, the journey would have been far more challenging. I truly appreciate the dedication and helpful nature that was consistently demonstrated. The efforts put forth were invaluable, and I feel fortunate to have worked with someone so committed and supportive.
It was really great working with Poonawalla Fincorp. Thanks to the support and coordination by the team. I was able to get a significant portion of my requirements despite having a bit of a mess in my financial records. The loan processing and disbursement process at Poonawalla Fincorp was super smooth. They were incredibly cooperative and helpful. I’m looking forward to building a healthy relationship with them in the future. Thank you.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
Yes, individuals working in IT hubs such as Siruseri, Taramani, or Perungudi can apply for a Personal Loan in Chennai for salaried employees if they meet the eligibility criteria for income, employment stability, and credit profile.
Yes, many applicants use personal loans to manage rental advances, relocation costs, or shifting expenses when moving to areas like Velachery, Anna Nagar, or Porur.
Yes, the application process is fully online, allowing residents in areas such as Tambaram, Pallavaram, or Ambattur to apply conveniently without visiting a branch.
Yes, you can visit the Poonawalla Fincorp branch in T. Nagar for in-person assistance, queries, or support during your loan journey.
“Thandal” typically refers to monthly instalment plans. This phrase often refers to loans with monthly repayments (EMIs) that do not require collateral, similar to our unsecured personal loans.
Once your application and documents are verified, approval and disbursement can be completed quickly, often within a short processing time.