Instant Personal Loan in Chennai

The cultural capital of South India, Chennai is an ancient city with great historical and cultural significance. This manufacturing hub is well-known for its infrastructure, continuous development, and affordable accommodation.

With so much scope for growth in the city, you might find yourself in a situation where you’re short of cash. For example – You might need money to buy a laptop, enrol in a course to upskill or buy a two-wheeler to commute to work.

The easiest and fastest way to solve this problem is to get instant personal loan. You can easily get an personal loan up to ₹5,00,000 in Chennai by downloading the Zype app. The loan application process takes less than 8 minutes and your credit line offer will be generated within 60 seconds. You don’t have to pledge any collateral or submit any physical paperwork since the loan process is online and app-based. Also, you get the loan amount in your bank account on the same day of the loan application.

Benefits of Taking a Personal Loan in Chennai from Zype

Loan Without Collateral

You don’t have to pledge anything to get instant loan from Zype.

Approval and Disbursal

Instant Approval And Disbursal

Your personal loan offer will be generated in less than 60 seconds and you can get same-day disbursal of your loan.

No Collateral Required​

Convenient EMIs

Zype gives the option to repay in 3, 6, 9 and 12 EMIs. You can choose the one that aligns with your budget.

Competitive interest rate

Competitive Interest Rates

If you want a personal loan in Chennai with low interest, download the Zype app right away. The interest rate at Zype starts at 1.5% per month.

No documentation or paperwork

Personal Loan EMI Calculator

Loan Amount (in rupee)



Interest Rate (in %)



Loan Term (in months)



Total Interest Payable

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(Principle + Interest)

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Eligibility Criteria for Instant Personal Loan in Chennai

Every lender uses a set of criteria to evaluate a borrower’s loan eligibility. It usually involves individuals’s age, salary, employer details, credit score, citizenship, work experience and documents.

If you need an urgent cash loan in Chennai, we have a very basic personal loan eligibility criteria for salaried individuals. Read the same below to see if you meet them –


18 years or above

Citizen of India

Valid PAN & Aadhaar card

Work experience
Work Experience

Salaried individual

15000 Salary
Monthly Salary

Monthly income of at least ₹15,000

Documents Required for an Personal Loan in Chennai

There are many reasons why lenders ask for required documents like identity verification, fraud prevention and risk assessment. One of the best things about taking loans from Zype is that you don’t have to upload documents or submit any physical paperwork. The entire process is app-based and online. You only need these to complete your loan application –

Mandatory documents

Photo Identity Proof

You will need to take an online selfie during the application process to verify your identity.

Proof of photo identity

Mandatory Documents

We only ask for PAN and Aadhaar number.

Proof of Income

Income Proof (Optional)

You can get an urgent cash loan in Chennai from Zype without income proof. Zype only asks for your bank statement of the last four months if you want to upgrade your credit line.

Personal Loan Interest Rates in Chennai

Interest rates are determined by factors like an individual’s credit score and repayment history. One can avail a personal loan in Chennai with low interest on the Zype app. You can enter your basic details like your mobile number and PAN to know your personalised interest rate offer.

Personal loan Interest rate and other information of the Zype loan app –

Minimalist Table
Loan Amount ₹1,000 to ₹5,00,000
Interest Rate Starting at as low as 1.5%(monthly)
Loan Processing Charges Processing fees from 2% to 6% on every loan
Interest on Overdue EMIs Penal interest & late fees will be charged to your total outstanding loan on daily basis
Loan Tenure 3-12 months

Steps to get a personal loan in Chennai from Zype

You need to complete these simple and quick steps to get a loan from Zype –

1) Download the Zype app and enter your name, mobile number, PAN and employment details.

2) As soon as you do this, Zype will show you your credit limit offer in less than a minute.

3) Now you will need to take an online selfie and enter your Aadhaar number to complete the KYC process.

4) This will unlock your credit line. Now you can select the loan amount and repayment tenure to transfer the money to your bank account.

Frequently Asked Questions

How to Get a Personal Loan in Chennai?

The best way to get a personal loan in Chennai is through a loan app which gives you fast and easy personal loans. You should check the ratings, reviews and loan terms before finalising a lender.

What is the Minimum Salary for a Personal Loan in Chennai?

Every lender has a criteria of minimum salary to approve personal loans. For example – You can only get a loan from Zype if you have a minimum monthly salary of ₹15,000.

How to Get a Personal Loan Immediately in Chennai?

You can get a personal loan immediately in Chennai from loan apps like Zype which gives instant approval and same-day disbursal. You can check this information on the websites of lenders before applying for a loan.

Can I Prepay or Foreclose a Personal Loan in Chennai?

Most loan companies give the option to do a part or complete pre repayment of loans in Chennai. Some lenders might charge foreclosure charges.
You can pay off your Zype loan amount in advance without paying any extra charges.

What Credit Score Must I Have in Chennai in Order to Qualify for a Personal Loan?

Every lender has different eligibility criteria of a minimum credit score. You can only get a loan from a lender if your credit score meets that criteria. Before applying for a personal loan for low cibil score in Chennai, you should check this information on the lender’s website.

Are There Any Government Sponsored Personal Loan Schemes in Chennai?

Government offers loan schemes to give financial assistance to different segments of the population like women, entrepreneurs and economically weaker sections. You can learn more about the same by visiting the government’s official website. You can also enquire about the same in local government offices or financial institutions in Chennai.

Can I Get a Personal Loan for Low CIBIL Score in Chennai?

You can only get a personal loan for low CIBIL score in Chennai from a lender if their eligibility criteria for a minimum CIBIL score is less than your CIBIL score.