Chennai an urban city and one of the largest economic centres in south India is a shelter to many booming industries. There are many employment opportunities and business expansion prospects for residents in Chennai. Whether in Chennai or any other city in India, everyone goes through a rough phase where financial emergencies occur anytime in life. If you don’t have savings or any back up plans for supporting the financial urgency, personal loan is the safest option to choose. Personal loans in Chennai start at least from Rs. 15,000 and go higher up to Rs. 1,50,000.
Personal Loan application in Chennai is easy through instant loan apps downloaded in smart phones. The time taken for loan application, documentation and approval is less as compared to physically going for personal loan request. Simply Cash is a reliable personal loan app best suggested for instant loan within 24 to 48 hours. Living in a metropolitan city like Chennai, going the digital way to acquire personal loan is the smartest way.
The interest rates on personal loan varies from different financial firms. The lowest rate of interest rate on a personal loan in Chennai is 10.40%. Employees working in IT companies of Chennai get an advantage of a low interest rate. You can get a low interest rate if your credit history is excellent. A minimum amount of processing fee is attached to the loan procedures above the interest rate.
As the literacy rate is high in Chennai, borrowers find it easy to access instant loan apps to apply for personal loan. Simply Cash being a totally digital platform takes less time for personal loan application and related procedures.
The automated EMI calculator helps borrowers to accurately calculate the estimated EMI in minutes. Loan amount, interest rate and tenure of loan are three basic variables to calculate an EMI. The EMI calculator flexibly allows these variables to be changed using the slider to derive a suitable EMI.
The loan tenure ranging from 6 to 24 months enables repayment of EMIs easily, with no burden of a heavy amount to be repaid at once.
The need for physical documents is eliminated since the instant loan apps got accepted. Document submission has become hassle free with only KYC details required for authentication.
Personal details, mandatory documents and income proofs submitted for personal loan verification are kept confidential to preserve the security of the borrowers. Hence, it is advisable to use a reliable instant loan app such as Simply Cash.
Borrowers in Chennai should confirm the eligibility criteria to avoid loan rejection in any case
Hence, loan seekers and borrowers in Chennai, consider downloading the smart Simply Cash instant loan app to ease off the personal loan procedure. Fulfil your financial emergencies, dreams and goals with easy to avail personal loan.
Both salaried and self-employed individuals falling in the minimum income slab of Rs.15,000 income are eligible for personal loan in Chennai. Borrowers should fall in the age group of 21 to 58 years.
Your KYC documents like Aadhar card and PAN card linked to your mobile number is mandatory. In the absence of your Aadhar card, submit passport/driving license/utility bills as basic documents to get personal loan in Chennai.
The starting slab for interest rate on personal loan in Chennai is 10.40%. It varies from one financial firm to other. Hence, compare the rate of interest offered on different loan apps and websites.
Based on your online loan verification procedures, it can take one day to a week to get a personal loan sanctioned in Chennai. Undoubtedly, the paperless documentation and real time verification process has reduced the sanction period for personal loans.
A minimum starting income of Rs.15,000 is valid to apply for personal loan in Chennai.
The least one can avail as a personal loan in Chennai is approximately 50,000 Rs and maximum goes higher up to 1,50,000.
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