Personal Loan in Chennai Checklist

Chennai is the capital of Tamil Nadu and is one of the biggest metropolitan cities in India. It has famous financial, cultural, IT, and educational centres that have been functioning for several years. If you are planning to settle down in Chennai and require funds for your personal use, you have the option to avail a personal loan. There are several banks and NBFCs that offer personal loans at attractive interest rates.
Related: Applying for a Personal Loan in Chennai: Here’s What You Need to do

However, before applying for a personal loan, you are required to fulfill certain eligibility criteria such as – you should be 21 years or above at the time of application and repayment have to be completed before the age of 60. In addition, you must have a regular source of income along with a good credit score of 650 and above. You are also required to submit few important documents to avail a personal loan in Chennai. The important documents that you need are: KYC documents (Aadhaar Card, PAN Card, Driving License, Passport), bank statements and income proofs ( last 3 months salary slips, Form 16 or Income Tax Returns). You can can easily apply for a personal loan both online as well as offline. Banks such as HDFC Bank, Yes Bank, ICICI Bank and Citibank offer personal loans at an attractive rate of interest.