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No Collateral Required

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10.25% R.O.I.

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Minimal Documentation

How Personal Loan
in Tamil Nadu works?

Tamil Nadu is the center of many industries and for the farmers who are burning their midnight oil to attain financial freedom. At times when life shows you a financially harder time it is good to opt for the Personal Loan. Personal Loan is the perfect solution for people who are facing a financial crunch. A personal Loan is a type of unsecured loan offered by multiple banks and NBFCs to people facing financial difficulties in their life. It can be used for multiple purposes like weddings, holidays, medical emergencies, and many more personal reasons.

The interest rate for a personal loan varies as per the eligibility criteria of a person. A person who is willing to opt for a Personal Loan in Tamil Nadu should have a CIBIL Score of more than 700. Personal Loan borrowers should have stable income proof and must have KYC Documents.


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How Personal Loan in Tamil Nadu works?

Personal Loan Eligibility
Criteria in Tamil Nadu

The eligibility criteria for Personal Loans for people living in Tamil Nadu are mentioned below.

Income Proof: The person should have a minimum salary of more than Rs. 20000 if he or she wants to take the Personal Loan.
CIBIL Score: A person should have a CIBIL score of more than 700 if you want to take a personal loan.
Age: 21 years - 68 years
Employment Status: Borrower must be employed for at least 2-5 years or you must have been running a business for 2-5 years.
Tenure: The time period of the loan is between 5-7 years.

Documents Required for Personal Loan Application in Tamil Nadu

1. Identity proof
2. Address proof
3. Bank statement of previous 3 months
4. Passbook of previous 6 months
5. Two latest salary slips/current dated salary certificates with the latest Form 16


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Personal Loan Eligibility Criteria in Tamil Nadu

How to apply for the
Personal Loan in Tamil Nadu?

Apply for a Personal Loan in Tamil Nadu with the following steps. 
1. Visit My Mudra website at www.mymudra.com
2. Apply for a Personal Loan by filling in the required information. 
3. Our executive will call you to brief you about the process. Upload the required documents on the portal. 
4. Get instant approval for the personal loan. Track your loan application and enjoy quick disbursal of a Personal Loan. 


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How to apply for the Personal Loan in Tamil Nadu?

Which Banks to apply for the Personal Loan in Tamil Nadu

There are many Private Loan Providers in Tamil Nadu. Opt for the bank which is providing Low Interest Personal Loan. Mentioned below is the list of top banks and NBFCs that are providing instant Personal loan in Tamil Nadu

Bank

Rate of Interest

HDFC Bank

10.25%

IndusInd bank

10.25%

Standard Chartered

10.75%

Axis Bank

10.99%

Kotak Mahindra

10.75%

 

Personal Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs:23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

5,64,882
Rs

your loan details as specified by you

Loan Amount
5,00,000
Rs
Tenure
24
M
Interest Rate
12
%