ओवरड्राफ्ट लोन क्या है? विशेषताएँ, लाभ और ब्याज दरें
Apr 23, 2026 | 4 mins read
An instant Personal Loan in Chennai is a practical solution for Chennai residents who need quick and urgent finance in Chennai for unexpected expenses. Whether you’re dealing with a medical emergency, an unplanned trip, or a last-minute family event, unsecured Personal Loans from private finance providers are designed to offer flexible financial support.
Opting for a Personal Loan in Chennai comes with several benefits. Here are the standout features:
Apply for Personal Loan with these simple steps
1. Apply online in just few minutes
Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey
2. Fill in your details
Enter your personal details, such as income details, current address, and more, to instantly check your personal loan eligibility
3. Get your customised offer
Explore personalised loan offers to match your needs. You may also get an options to enhance your offer
4. Set up E-mandate
Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments
5. Complete KYC
Verify your identity easily and securely with a quick KYC process from the comfort of your home
6. Get loan disbursement
Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds
To check if you qualify for an online personal loan in Chennai, review the criteria below:
| Type | Criteria |
|---|---|
| Residency | Indian resident |
| Age requirement | 21 years to 58 years |
| Profession | Salaried or self-employed individuals |
To ensure quick approval for your private finance in Chennai, please keep the following minimal documents ready:
| Document Type | Required Document & Checks |
|---|---|
| Identity Proof | Passport | PAN Card | Driver License | Voter ID | Aadhaar Card |
| Address Proof | Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) | Passport | Voter ID Card | Driving License |
| Income Proof | Income proofs vary for different professionals across salaried, non-salaried and self-employed. |
| Type | Document |
|---|---|
| Salaried | Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate |
| Self Employed | Latest Income Tax Return (ITR) |
| Bank Statement | Last 3 month's statement is mandatory |
| Residence Ownership Proof | Not mandatory |
As a trusted NBFC personal loan provider in Chennai, we ensure complete transparency regarding all fees.
| Type | Interest Rate and Charges |
|---|---|
| Loan Processing Fees (non-refundable): | Up to 3%* of Loan Amount + applicable taxes |
| EMI Dishonour/Bounce Charge* *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate | As shown in the table below |
| Sanctioned Loan Amount | Charges |
| < ₹ 5 Lakh | ₹ 500 |
| ₹ 5 Lakh - ₹ 30 Lakh | ₹ 1000 |
| Late Payment Charges (LPC)/ Penal Charges: | 2% (p.m.) on EMI overdue + applicable taxes |
| *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23 | |
| *Taxes applicable on LPC w.e.f. 1st Apr'24 | |
| Part Payment Charges: | Up to 5% of pre-paid amount + applicable taxes |
| Foreclosure Charges: | 5% of POS (Principal Outstanding) + applicable taxes(As per the latest NBFC Master Circulars ) |
| Legal/ Recovery Charges: | As per actuals |
| Duplicate NOC Charges: | First 3 paper copies - free of cost |
| From 4th Paper copy - ₹250 + applicable taxes | |
| Repayment Swap charges (per swap): | ₹ 500 + applicable taxes (applicable only for branch walk-ins) |
| Loan Cancellation Charge: | Nil - for 3 days from date of disbursal |
| From 4th day - 5%+ applicable taxes (on the outstanding loan amount) | |
| Document Charges: | Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit |
| Annual Maintainance Charges (AMC): | Nil |
*Terms & Conditions Apply. All actual charges will be as per the comprehensive Key Fact Statement (KFS) shared by the company.(This KFS document contains all details required as per RBI guidelines.)
A Personal Loan in Chennai is not tied to a specific use, which makes it highly versatile for urban borrowers. Common purposes include:
There are prepayment charges of 5% of POS (Principal Outstanding) + applicable taxes on Personal Loans in Chennai.
A higher credit score improves your eligibility and helps you secure lower interest rates.
Apply online by filling the application form, upload documents, and set up e-mandate to apply for a Personal Loan in Chennai through L&T Finance.
You can get up to ₹ 30 Lakh, depending on your income, credit score, and repayment capacity.
Interest rate at L&T Finance starts as low as 11% p.a.* with L&T Finance.
The processing charges for a Personal Loan in Chennai are up to 4%* of Loan Amount + applicable taxes.
After applying online, you can get loan approval within 2 minutes* and quick disbursal.
ID Proof, address proof and income proof are required for a Personal Loan in Chennai.
Yes, self-employed individuals apply for a loan in Chennai with L&T Finance.
You can check it online using your reference number or registered mobile on the website or PLANET app.
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Personal Loan
I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call Center.
Jasbir Kaur
Punjab
Personal Loan
I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.
Chirag Mehta
Ahmedabad, Gujrat
Personal Loan
I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.
Vinod Bidlan
Andheri, Mumbai
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