Personal Loan in Madurai

Salaried Self-Employed

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

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Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

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Minimum Turnover Should Be Rs. 3 Lakhs!

Turnover Limit Exceeded !

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

4.5 /5(500 Votes)

Personal Loan in Madurai

Overview of Personal Loan in Madurai

Personal Loan in Madurai is a financial tool which solves the problem of financial strain. With the help of Personal Loan Madurai, your loan experience becomes very easy and hassle-free. You can opt for Personal Loan Online Apply in Madurai at any time sitting in your home or office. Easy Personal Loan in Madurai requires very simple paperwork. But Personal Loan without documents in Madurai is not possible. You need to have a minimum CIBIL score of 750 or above with a decent repaying capacity to avail low interest Personal Loan in Madurai. Easy Personal Loan in Madurai can be availed loan amount from Rs. 25,000 to Rs. 25 lakhs with a repayment tenure up to 5 years. You can easily avail Instant Personal Loan in Madurai at a lower interest rate. But low cibil score Personal Loan in Madurai is charged a higher interest rate.

Why you should opt for Personal Loan in Madurai?

Madurai, a city of Tamil Nadu is one of the most populated Indian city. The economy of Madurai is majorly agricultural based. But the city is also flourishing in the software and IT sector thus increasing the standard of living. So, the demand for Personal Loan in Madurai has also raised. To opt for Personal Loan Online Apply in Madurai, you need to submit very minimum documents. But Personal Loan without documents in Madurai is not possible. If you want to obtain low interest Personal Loan in Madurai, you need to have a good credit history with an adequate income source. Personal Loan Madurai Tamil Nadu helps you in managing expenses in a more comprehensive manner.

Here are the pinpoints as to why should you go for Personal Loan in Madurai-

  • Online Personal Loan in Madurai makes your loan experience easy and hassle free.
  • Personal Loan in Madurai for salaried helps in meeting the financial needs of the salaried individuals.
  • Instant Personal Loan in Madurai needs very simple paperwork and gets easily disbursed.
  • Personal Loan Madurai Tamil Nadu offers easy repayment option within the tenure of 5 years.
  • Personal Loan Madurai offers loan amount from Rs. 25,000 to Rs. 25 lakhs which may vary depending on your eligibility criteria.
  • Unsecured Personal Loan in Madurai do not take any security or collateral to secure the loan.

Eligibility Criteria for Personal Loan in Madurai

You need to fulfill very minimum eligibility criteria for Personal Loan in Madurai.

Following are the eligibility criteria for Personal Loan in Madurai-

Personal Loan in Madurai Eligibility Criteria

Salaried

Self-Employed

CIBIL score

750 or above

750 or above

Age

21 years – 60 years

25 years – 65 years

Profession

Working in any private sectors, any govt organization, or MNCs.

Public or Private Ltd. companies, partnership firms, Business Professionals, sole proprietorship firms, etc.

Loan Amount

Up to Rs. 25 lakhs (varies with banks)

Up to Rs. 30 lakhs (varies with the banks and NBFCs)

Income

Min amt Rs. 20,000

Min Turnover- Rs. 1 crore

Work Experience

Minimum 2 years of work experience and minimum 1 year in the present company

Continuity of Business for at least 3 years

Documents required for Personal Loan in Madurai

Here are the documents that you need to submit for Personal Loan in Madurai-

  • Application form
  • Passport size photograph
  • Proof of ID- AADHAR Card, PAN Card, Ration Card.
  • Proof of Residence- Utility Bills like- Water or Electricity, Gas Bills, Driving License, Passport.
  • For Self-Employed

    • Balance Sheet of last 2 years and Copy of P&L statement of past 2 years
    • ITR copy of last 36 months
    • Verified documents of Memorandum and Articles of Association/Partnership Deed/Trade License/Sales Tax Certificate
  • For Salaried

    • Last 6 months updated bank statement.
    • Form 16.
    • Last 3 months salary slip.

Personal Loan Interest Rates in Madurai of different Financial Institutions

Following is the list of Personal Loan Interest Rates in Madurai of different banks and NBFCs-

Banks

Loan Tenure

Interest Rates

Pre-Closure Charges

Processing Fees

HDFC Bank Personal Loan in Madurai

1-5 years

10.99%*

Between 2% to 4% of the outstanding principal.

Up to 2.50%

Axis Bank Personal Loan in Madurai

1-5 years

15.50%*

NIL

Up to 2.00%

ICICI Bank Personal Loan in Madurai

1-5 years

11.49%*

5% of outstanding principal + GST

Rs. 999*

Fullerton India Loan in Madurai

1-5 years

17.25%*

4% of outstanding principal.

Up to 2%

YES Bank Personal Loan in Madurai

1-5 years

12.49%*

Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges.

2% or 3% of the principal

Bajaj Finserv Personal Loan in Madurai

1-5 years

14.75%*

NIL

Up to 3%

IndusInd Bank Personal Loan in Madurai

1-5 years

12.99%*

4% of outstanding principal

0.25% to2.50%

Kotak Mahindra Bank Personal Loan in Madurai

1-5 years

11.50%*

5% of outstanding principal.

Up to 2.5%

Aditya Birla Personal Loan in Madurai

1-5 years

11.75%*

4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.

1% of principal.

SBI Personal Loan in Madurai

1-5 years

12.50%*-16.60%*

3% of the prepaid amount (after 1st EMI)

Up to 3% of the loan amount

Capital first Personal Loan in Madurai

1-5 years

16%

4% of outstanding

Up to 2.49% of the loan amount

IDFC First Personal Loan in Madurai

1-5 years

10.99%*

4% of outstanding

2% – 4%

Indiabulls Personal Loan in Madurai

1-5 years

11.99%*

5% if less than 6 months.

Up to 5%

TATA Capital Personal Loan in Madurai

1-6 years

13.99%*

4.5% of the outstanding principal. And NIL for the initial 6 months

Up to 2%

ECL Finance Personal Loan in Madurai

1-5 years

17.50%*

4% of principal amount outstanding+GST

Up to 2% of the loan amount

*Interest rates change time to time.

FAQ’s

The processing fees for Personal Loan in Madurai is up to 2.5%*. But the processing fee varies for different Banks & NBFCs.
No. It is not possible to avail Personal Loan in Madurai without documents. You need to submit very minimum documents for Personal Loan un Madurai.
The repayment tenure for Personal Loan in Madurai ranges from 12 months to 60 months.
*Interest rate and Loan approval are subjected to band discretion and approval.