Get Personal Loans in Chennai
Whether you live in T. Nagar, Anna Nagar, Velachery, Adyar, or Tambaram, life in Chennai can come with unexpected expenses—wedding plans, medical bills, education costs, or even a dream vacation. At WeCredit, we help you handle them all with flexible personal loan options designed for Chennai residents.
WeCredit connects you with multiple lenders to offer the best loan deals in Chennai. The application process is simple, transparent, and completely online, ensuring quick access to funds with flexible repayment options.
Personal Loan EMI Calculator
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Personal Loan Interest Rates in Chennai
Here’s a comparison of personal loan interest rates from various lenders:
| Lenders | Interest Rate |
|---|---|
| Moneyview | 15.6% |
| KreditBee | 18% |
| Fibe | 18% |
| Prefr | 18-36% |
| L&T Finance | 10.8% |
| Incred Finance | 15.6%-36% |
| Bank of Baroda | 10.10% |
| Bank of India | 10.25% |
| IDBI Bank | 9.5%-14% |
| PNB | 11.40% |
| State Bank of India | 11.15% |
| Union Bank of India | 9.30% 13.40% |
| ICICI Bank | 10.75% 19% |
| Indusind Bank | 10.5% Onwards |
| IDFC First Bank | 10.75% |
| Kotak Mahindra Bank | 10.5% |
| RBL Bank | 14%-23% |
Why Chennai Prefers WeCredit for Personal Loans
- 100% online application—apply from home or even Marina Beach!
- Fast loan disbursal—ideal for urgent needs like hospital bills in Apollo or Fortis.
- Simple documentation—no complex paperwork.
- Flexible repayment—perfect for salaried and self-employed individuals across Chennai.
- Pre-approved offers available for repeat users.
Small Cash Loan Using Your Aadhar Card
Documents Required to Apply for a Personal Loan
| Category | Documents |
|---|---|
| KYC Documents |
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| Income Documents – Salaried |
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| Income Documents – Self-employed |
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| Other Documents |
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Personal Loans for Self-Employed Individuals
How to Get a Low-Interest Personal Loan in Chennai
Have a good credit score (700+): You’ll get the best rates
Stable income: Whether you work in an IT company in Guindy or run a small store in Mylapore, income stability helps
Compare lenders: Use our online platform to compare offers from banks and NBFCs
Choose the right tenure: Longer tenure = smaller EMI; shorter tenure = lower interest
Eligibility Criteria
| Criteria | Details |
|---|---|
| Citizenship | Indian |
| Age Limit | Minimum 21 years at loan application and maximum 60 years at loan maturity |
| Monthly Income | ₹20,000 |
| Work Experience (Salaried) | Minimum 1 year, but some lenders require more than one year of experience |
| Work Experience (Self-employed) | Minimum 2-3 years of experience required |
| Credit Score | 700 or above |
*Personal loan eligibility criteria may vary from lender to lender.
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How WeCredit Works
Compare Loans
Easily compare loan options from multiple lenders to find the best fit for you.
Register Online
Our simple online registration process makes applying quick and convenient.
Get Quick Approval
Receive fast approval on your loan application, getting you the funds you need without delay.
1. Can I get a personal loan in Chennai without visiting a branch?
Yes, with WeCredit, the entire process is digital. From comparing offers to uploading documents, everything can be done online—no branch visits required, whether you’re in Velachery, Anna Nagar, or anywhere in Chennai.
2. What is the minimum salary required to apply for a personal loan in Chennai?
You need to have a minimum net monthly salary of ₹20,000. This applies whether you’re working in a Chennai-based IT company, private sector, or a government job.
3. How soon can I get the loan amount in my account?
If all documents are in order, some lenders in Chennai offer same-day or 24-hour disbursal. For banks, it typically takes 2 to 3 working days.
4. Are self-employed individuals in Chennai eligible for personal loans?
Yes, self-employed professionals and small business owners across Chennai—including those in areas like T. Nagar, Parrys Corner, or Koyambedu—can apply with valid ITRs, financials, and business proof.
5. What are the documents required for salaried employees?
You’ll need: Aadhaar & PAN card, Last 6 months’ salary slips, Last 3 months’ bank statement, and Company ID or employment proof.
6. Can I use the personal loan for education or medical expenses in Chennai?
Yes. Whether it’s fees for an institute like SRM or bills from Apollo Hospitals, personal loans can cover educational or medical needs easily.