mob-head
Get App
close img

Find all the help you need

Download our app and find help on your fingertips

apple-logo playstore-logo
Download our app
Help Center

Support topics, Contact us, FAQs and more

Explore Personal Banking
Accounts
Deposits
Loans
Wealth & Insure
Payments
Cards
Blogs
What's special about us
Customer Support
Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
GIFT City
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore GIFT City
About Us
Investors
Careers
IDFC FIRST Academy
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now
Apply Now

Personal Loan in Chennai

Chennai - a city known for learning and professional advancement, has a high literacy rate and offers a diverse set of career avenues and job opportunities. Students who wish to further their education often consider moving to Chennai as it has some of the best institutions in the country. It is seen that many young aspirants study and settle in the city for career-building while some mid-career professionals move to Chennai for higher growth opportunities as well.

However, Chennai is also one of the most expensive cities in India. It is, in fact, only behind Mumbai and Delhi when it comes to cost of living. To keep up with your expenses you can use IDFC FIRST Bank’s Personal Loan services in Chennai. An instant Personal Loan like this can help you meet your daily expenses, EMIs, credit card bills, subscriptions and more.

Apply now

Features of an instant Personal Loan in Chennai

Low Interest Rate

Low Interest Rate

Starting at only 9.99% p.a., FIRSTmoney personal loans are easy on your pocket.

100% Digital Process

100% Digital Process

Experience a seamless, paperless journey from application to approval.

ZERO Foreclosure Charges

ZERO Foreclosure Charges

Enjoy early loan closure flexibility without any extra charges.

Instant Disbursal

Instant Disbursal

No long waits—money reaches your account in under 30 minutes.

No Collateral Required

No Collateral Required

Borrow confidently without risking your personal belongings.

No Collateral Required

No Collateral Required

Borrow confidently without risking your personal belongings.

Flexible Repayment

Flexible Repayment

Set an EMI plan that suits your lifestyle—choose your own tenure and date.

Eligibility Criteria for a Personal Loan in Chennai

Who Can Apply?
  • For Salaried Individuals:
  • eligibility Minimum age: 21
  • Maximum age Maximum Age: at the time of loan maturity - 60 years or retirement, whichever comes first
  • For self-employed individuals
  • Minimum age: 21 The business must have been in existence for a minimum period of 3 years
  • Maximum age Minimum Age: 21 years
  • Maximum Age: 65 years at the time of loan maturity Maximum Age: 65 years at the time of loan maturity
Documentation

When self-employed or salaried individuals want to avail of a personal loan in Chennai, they will need to submit the following documentation

  • Valid KYC Valid KYC
  • 3 months’ bank statement 3 months’ bank statement
  • Net Banking or Debit Card details to set up e-Mandate Net Banking or Debit Card details to set up e-Mandate
  • eSign/eStamp for faster disbursal eSign/eStamp for faster disbursal
Eligibility

Minimum Salary to Apply for Personal Loan in Chennai


The minimum salary you need to apply for a loan in any part of India is ₹20,000. It applies to every state in the country barring Mumbai and Delhi, where the minimum salary a person needs to have to avail a loan is ₹25,000.

Thus, to apply for an emergency cash loan in Chennai, you must have a minimum salary of ₹20,000 per month. The minimum salary requirement helps assert whether you can repay the amount with interest.

Interest rate and charges in Chennai for Personal Loan

Types of Fees Applicable Charges
Personal Loan interest rate Starting 9.99%
Processing fees Processing Fees of upto 3.5% will be deducted from the loan amount at the time of disbursal
Late payment fees 2% of the unpaid EMI or ₹300 whichever is higher. The late payment fees might be applicable from the date of default to the date of payment.
Stamp duty As per actuals

 

How to Apply for Personal Loan in Chennai?

Step 1: Apply Online

Click ‘Apply Now’ to get started with your personal loan.

Step 2: Enter Details

Provide your details and authenticate your phone number.

Step 3: Verify Your Offer

Select your loan amount and repayment term to proceed.

Step 4: Complete KYC

Finish your digital KYC through a secure video call.

Step 1: Disbursal

Once approved, your loan is disbursed quickly to your bank account.

Our App Ratings

1.74 million+

Happy users

4.9

Play Store

4.8

App Store

Popular Personal Loan FAQs

How to get a personal loan with a low CIBIL score in Chennai?

Although a high CIBIL score is preferred, you can apply for a FIRSTmoney smart personal loan in Chennai with a CIBIL score over 730. IDFC FIRST Bank evaluates other factors such as your income, employment stability, and existing debt. However, the loan may come with higher interest rates or stricter terms.

Can a person get a personal loan for a low salary in Chennai?

Yes, individuals with a low salary can apply for a personal loan with IDFC FIRST Bank in Chennai. Loan eligibility is determined based on factors like your repayment capacity, job stability, and overall financial profile.

How long does it take to get a personal loan in Chennai?

Once your loan is approved, funds are typically disbursed within minutes making it convenient for those in urgent need of financial assistance.

What is the minimum income requirement to get a personal loan in Chennai?

The minimum income requirement usually starts from ₹20,000 per month and ₹25,000 in metro cities, but final eligibility depends on your credit profile and other relevant factors.

Choose your personal loan amount with FIRSTmoney

₹10 Lakh Personal Loan
₹10 Lakh Personal Loan arrow
₹9 Lakh Personal Loan
₹9 Lakh Personal Loan arrow
₹8 Lakh Personal Loan
₹8 Lakh Personal Loan arrow
₹7 Lakh Personal Loan
₹7 Lakh Personal Loan arrow
₹6 Lakh Personal Loan
₹6 Lakh Personal Loan arrow
₹5 lakh Personal Loan
₹5 lakh Personal Loan ₹5 lakh Personal Loan
₹4 lakh Personal Loan
₹4 lakh Personal Loan ₹4 lakh Personal Loan
₹3 lakh Personal Loan
₹3 lakh Personal Loan ₹3 lakh Personal Loan
₹2 lakh Personal Loan
₹2 lakh Personal Loan ₹2 lakh Personal Loan
₹80000 Personal Loan
₹80000 Personal Loan ₹80000 Personal Loan
₹70000 Personal Loan
₹70000 Personal Loan ₹70000 Personal Loan
₹60000 Personal Loan
₹60000 Personal Loan ₹60000 Personal Loan
₹50000 Personal Loan
₹50000 Personal Loan ₹50000 Personal Loan

Different Types of Personal Loan for you

Travel Loan

Travel Loan

Your trip to a serene beach, snow-capped peaks, or a vibrant cityscape must not remain unfulfilled. With a FIRSTmoney travel loan, your perfect getaway is closer than you think. Enjoy the freedom to plan your journey your way—thanks to quick disbursals, zero paperwork hassles, and loan flexibility.

Know More
Wedding Loan

Wedding Loan

Every celebration deserves a beautiful beginning. A FIRSTmoney wedding loan takes care of the finances, so you can focus on making memories. From decor to designer wear, we’ve got your back with quick funds and easy EMIs.

Know More
Medical Loan

Medical Loan

Good health shouldn’t be delayed due to lack of funds. With a FIRSTmoney medical loan, you get fast financial support for treatment, hospitalisation, or recovery-related expenses. Apply online and take control of your wellbeing without financial stress.

Know More
Home Improvement Loan

Home Improvement Loan

Give your home the refresh it deserves. Whether it's a new layout, added space, or necessary upgrades, a FIRSTmoney home renovation loan makes it possible quickly and affordably. No collateral, no delays, just seamless financing.

Know More

Personal Loan Tips & Insights: Your Guide to Smarter Borrowing

Digital Lending 101: How Instant Personal Loans Work in India 2025

Digital Lending 101: How Instant Personal Loans Work in India 2025

07 Aug 2025 | 5 mins read
How to Fund Your Next Solo Leh-Ladakh Trip Without Touching Your Savings

How to Fund Your Next Solo Leh-Ladakh Trip Without Touching Your Savings

07 Aug 2025 | 5 mins read
India’s CIBIL Score Decoded: Why 730+ Is the New Gold Standard (and How to Get There)

India’s CIBIL Score Decoded: Why 730+ Is the New Gold Standard (and How to Get There)

07 Aug 2025 | 5 mins read
Top 10 CIBIL Score Myths That Could Be Hurting Your Loan Eligibility

Top 10 CIBIL Score Myths That Could Be Hurting Your Loan Eligibility

07 Aug 2025 | 5 mins read
Personal Loans for a Credit Score of 550

Personal Loans for a Credit Score of 550

14 Sep 2021 | 3 mins read
Minimum salary required for Personal Loan eligibility

Minimum salary required for Personal Loan eligibility

03 Sep 2021 | 3 mins read
You can easily get a Personal Loan on your Aadhaar Card, here’s how

You can easily get a Personal Loan on your Aadhaar Card, here’s how

20 Aug 2021 | 3 mins read
Online Personal Loan: Steps to apply and tips to ensure a smooth application

Online Personal Loan: Steps to apply and tips to ensure a smooth application

05 May 2021 | 3 mins read
How to avail an instant personal loan

How to avail an instant personal loan

23 Apr 2021 | 3 mins read
Know more knowMoreImg
Saving Account Content
Personal Loan Content
Home Loan Content
Credit Card Content
Mutual Fund Content
Fixed Deposit Content