The coastal city of Chennai is the intellectual capital of the country. Being the capital of the southern state Tamil Nadu, it is one of the most thriving metro cities in the country. Some of the top banks and other private organisations have their headquarters in Chennai. It has been a corporate hub for many years now.
Financial emergencies come unannounced. Your savings and investments might not be sufficient all the time. To keep up with the high standard of living and the fast-paced life of Chennai, you can always apply for an emergency cash loan in Chennai. This is an efficient way to get a short term loan to meet your financial emergency.
What are instant cash loans in Chennai?
Instant cash personal loans in Chennai is a simple loan that gives you access to money in your bank account instantly. You can use this money for multiple purposes. From rental to educational expenses, instant cash personal loans can be used for numerous purposes. It can be used for medical treatment of your family members, vacation, marriage or simply buying an expensive gadget.
One of the simplest ways to get an instant personal loan in Chennai is through the Navi App. You need to download the Navi app, check your eligibility instantly and avail a Chennai loan within minutes for your financial needs.
How to apply for personal loans in Chennai through Navi?
Navi being a highly rated instant cash loan provider (4.4-star rating in Google Play Store, December 2020), it is best suited for your loan requirements in Chennai. The process of applying for personal loans through the Navi App is very simple as the eligibility check, KYC as well as getting the money credited in your bank account happens within a few minutes. Just follow the simple steps to avail instant cash personal loans in Chennai from Navi. The steps are as follows:
- Download the Navi app from Google Play Store
- Simply register using your mobile number
- Click on the “Apply” tab to apply for an instant loan online in Chennai
- After that, you need to answer a few simple questions such as:
- Your full name as stated on your PAN card
- Your PAN card number
- Your age
- Your PIN Code
- Your marital status
- Your employment details – Salaried/ Self-employed/ Others
- Your monthly income level
- After you submit the application form online, it will undergo a digital process for eligibility check according to the algorithm of the Navi App within a few minutes.
- Once your loan is approved by the technology-based app, you will be shown a loan offer that you can customise according to your requirement such as the loan amount, EMI amount as well as loan (period of the loan).
- Then your KYC process would require a selfie upload and then submission and verification of your Aadhaar Number.
After the KYC is completed, you need to link your bank account details on the App and your loan amount would get instantly credited to your bank account.
Feature and benefits of availing instant cash personal loans in Chennai through Navi
Here is a comprehensive guide regarding the important features and benefits of availing loan services in Chennai through Navi:
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Instant Approval:
Since the entire process from application to approval of Navi’s instant cash personal loans takes less than a few minutes, it is almost instant approval of the loan. Once the loan is digitally approved, the cash is instantly transferred to your bank account.
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No Collateral:
There is no requirement or need for any third-party guarantee or pledge of collateral as Navi’s private finance personal loan in Chennai is an unsecured loan.
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Simple process:
The entire process of loan application is 100% paperless with quick approval of the loan amount. Also, there are no specific eligibility parameters for applying for an instant cash personal loan in Chennai through Navi.
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Flexibility:
You have the flexibility of 36 months of tenure to repay the loan amount for the instant cash personal loan in Chennai. The amount of loan can vary from Rs 10,000 to Rs 5 lakhs, which is digitally approved by Navi’s technology-based model.
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EMI Calculator:
The online loan EMI calculators will show the net EMI amount payable every month. You can easily change the loan amount and the tenure to assess the best affordable EMI rate as per your disposable income.
Eligibility criteria for personal loans in Chennai
Usually, there is an eligibility requirement that you need to fulfill for availing private cash loans in Chennai from a private loan provider. However, since Navi follows a technology-driven model, there are no specific criteria for availing Navi’s instant cash personal loans. It simply checks the details you have entered and based on its technology-driven criteria, it approves the loan.
You need to fulfill certain nominal parameters by private financer in Chennai in order to get access to instant personal loans:
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Age criterion |
The minimum age limit to apply for a personal loan in Chennai is 18 years while the maximum is 65 years. For some financers, the minimum age limit can be raised to 21-25 years |
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Occupation criterion |
You should either be a salaried employee or a self-employed individual to avail the loan facility. |
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Income criterion |
Depending on the specifications by the finance in Chennai you should be earning the necessary amount to avail the loan facility. The income levels vary for money lenders in Chennai for approving the loan application. |
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Credit score |
The minimum credit score should be 650+ |
Documents required for personal loans in Chennai
Most loan providers have a list of documents that need to be submitted to avail urgent cash loans in Chennai. However, if you apply through the Navi App, you can avail an instant cash personal loan through your mobile phone only along with your Aadhaar Number and PAN Card number. There is no requirement for you to upload any documents while applying for an instant cash loan in Chennai. All that you are required to do is to enter the relevant numbers to validate and then proceed.
The list of documents that most private financiers would need are:
- Identity proof
- Age proof
- Proof of address
- Income proof or bank account statements
- Recent coloured photograph
The Aadhar and the PAN Card usually suffices as identity proof, age proof as well as address proof in order to avail an instant cash personal loan in Chennai.
Apply for a loan from Navi app from anywhere in India
To apply for an instant cash personal loan from anywhere in India, you can simply download the Navi App and do so. There is no specific requirement for you to be in Chennai to avail an instant cash personal loan in Chennai. All that you need to do is furnish details of your PAN and Aadhar card number along with your mobile number and a selfie to apply for a personal loan through Navi. After the loan is digitally verified by Navi’s technology-based app, the loan would be processed and the money would get credited into your bank account in Chennai. This can however be done from anywhere in India.
So, if you require the best instant cash personal loans in Chennai, you can get the best deals in Navi. Simply download the Navi app and access the instant loan facilities to fulfill your financial requirements.
Frequently Asked Questions
What is the loan repayment tenure for personal loans in Chennai?
The loan repayment tenure differs from lender to lender. However, Navi offers a tenure of upto 36 months for you to repay the loan.
Can I avail personal loans to repair/renovate my house for my sister’s wedding?
The personal loans are multi-purpose loans and can be used for a variety of purposes including house renovation.
The loan is repaid through EMI. You need to repay the relevant instalment each month for a period of upto 36 months, as selected by you.
