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

Get a Collateral-free Personal Loan in Chennai

Chennai, the capital of Tamil Nadu, is known for its architecture, beaches, cultural heritage and local cuisine. It is home to many industries, such as automobiles, manufacturing, IT, etc.

Manage your expenses in this city - from funding your higher education to covering emergency medical costs - with a Personal Loan from Poonawalla Fincorp. Get a loan of up to ₹50 Lakh with minimal paperwork. Benefit from our competitive interest rates, no hidden charges, quick approval and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Attractive Interest
Rate
Minimal
Documentation
No End-use
Restrictions
Quick
Approval
Zero Hidden
Charges

Personal Loan EMI Calculator

Make use of our EMI Calculator to plan your monthly repayments. Simply enter the loan amount, tenure, and interest rate to know your EMI instantly. Use now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

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

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan 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, 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

Eligibility Criteria for a Personal Loan in Chennai

Check our simple eligibility conditions to avail of a loan for personal use:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment Type: Full-time job at a private or public sector organisation.
  • Work Experience: 1 year or more with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000.

Documents Required for a Personal Loan in Chennai

Upload just a few mandatory documents:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport.
  • Income Proof: Salary slips and bank statements for the last 3 months.
  • Address Proof: Rent agreement, utility bills, or passport.
  • Proof of Employment: Official mail ID or Employee ID Card.

Note: The list of documents mentioned above is indicative. Additional documents may be required during the loan processing stage.

Interest Rate and Charges for a Personal Loan in Chennai

Avail of our loan for personal use with competitive interest rates and minimal charges:

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 – 84 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
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

Different Uses of a Personal Loan in Chennai

  • Emergency funds 
  • Travel expenses 
  • Debt consolidation 
  • Home renovation  
  • High-value purchases 
  • Education expenses 

Who Can Get a Personal Loan in Chennai

  • Salaried individuals  
  • Salaried professionals 
  • Government employees  

Tips for a Successful Personal Loan Application

  • Check the loan eligibility criteria 
  • Keep your debt-to-income ratio low 
  • Check your credit score 
  • Furnish the necessary documents  
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Chennai

Poonawalla Fincorp Limited

Address: 2nd Floor, The Oval Tower, Venkata Narayana Road, T. Nagar, Chennai, Tamil Nadu-600017

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

*T&C Apply

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

Can I use Poonawalla Fincorp’s Personal Loan to consolidate my high-interest debts?

Yes, you can avail of our loan for debt consolidation. Availing of a debt consolidation loan allows you to simplify your EMI payments and reduce your overall interest burden. 

What is the maximum loan amount for a Personal Loan in Chennai?

You can avail of a loan amount of up to ₹50 Lakh for a loan in Chennai from Poonawalla Fincorp. 

What is the minimum interest rate for availing a Personal Loan in Chennai?

The minimum interest rate offered on our loan for personal use in Chennai starts from 9.99%* p.a. The final interest rate applicable depends on your CIBIL score, income, repayment capacity, etc.