Get instant Personal Loans in Chennai with Navi

Enjoy attractive interest rates starting at 9.9% p.a. with flexible EMI options

Personal Loan in Chennai

Tamil Nadu’s largest city, Chennai, is one of the most prominent educational and economic hubs in the southern part of India. Rich culture, amazing architectural designs, employment opportunities, low cost of living, make Chennai one of the most liveable cities in India. So, if you have just moved to or are a resident of the city and looking for urgent cash to meet your financial requirements, you can opt for a personal loan in Chennai with Navi.

Getting a personal loan with Navi is a breeze. All you need to do is download the Navi app. No boring paperwork or heavy documentation required. Just enter a few basic details and get instant personal loan up to ₹20 lakh at attractive interest rates.

Features and Benefits of Personal Loan in Chennai

Features and Benefits of Personal Loan in Chennai

Download the app, apply and get money transferred to your bank account within a few minutes
The entire loan journey – from application to disbursal – is 100% paperless
Get instant personal loans up to ₹20 lakh without pledging any collateral
Enjoy competitive interest rates starting at just 9.9% p.a.
Enjoy flexible repayment tenure of up to 72 months
Close your loan at your own convenience without any additional cost or fee

How to Apply for a Personal Loan in Chennai?

Follow the steps below to apply for an instant personal loan in Chennai:
Download the Navi App from Play Store or App Store
Enter a few basic details like name, address, PAN, etc., to check your eligibility
Enter the loan amount and tenure
Our representative will call you. Complete your V-KYC with PAN

Enter bank details and set up auto pay. Get instant money in your bank account

How to Apply for a Personal Loan in Chennai?

How To Apply

Eligibility Criteria and Documents Required

Indian Resident 18-65 years of age

PAN Card Holder

Salaried or Self-Employed

Aadhaar Card Holder

Interest Rates for Personal Loan in Chennai

Navi provides instant personal loans at an attractive rate of interest starting from 9.9% per annum. But, the final interest rate is decided after considering the applicant’s eligibility.
Interest Rate9.90% p.a. onwards
Processing FeeUp to ₹7,500
Loan AmountUp to ₹20 lakh
Loan Prepayment FeeNil
Loan TenureUp to 72 months

How to Calculate EMI on Personal Loan?

Before applying for a personal loan in Chennai, you may want to calculate the EMI of your required loan. This will let you plan out your finances and make it easy to repay the loan. For manual calculation of personal loan EMI, the following formula is used:

EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.

However, this calculation may be too difficult and complicated to do manually. In that case, you will want to use Navi’s Online Personal Loan EMI Calculator to check the EMI amount. Simply enter the loan amount, interest rate, and tenure to get the monthly EMI.

Personal Loan Calculator

Loan Amount

Rate of Interest (P.a)


Loan Tenure (Months)


Monthly EMI


Total Interest

Total Amount

Why Choose Navi Personal Loan in Chennai?

Instant disbursal

If you need instant cash to cross any financial hurdle, choose Navi. It hardly takes a few minutes to apply and get the loan disbursed to your account if you are eligible.

No hidden charges

Extremely transparent process with no additional or hidden charges. In case you have any doubt, feel free to write to us or check our rate card.

No paperwork

100% app-based paperless process. You can apply for a loan from anywhere, anytime.

Trusted by Millions of Users

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App Downloads
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Loan amount disbursed
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Frequently asked questions

The final interest rate offered on personal loans is solely at the discretion of the lender. However, having an excellent credit score and repayment history can fetch you better deals on interest rates.
Yes, you can take a personal loan for renovating or repairing your house. Personal loans don’t have any end-use restrictions, and one can use them to meet any financial need.

Personal loans are unsecured loans, meaning, you don’t have to pledge collateral or a guarantor to get a loan

If you have sufficient funds, you can choose to pre-close your loan via making full repayment before the completion of your tenure. This can save you from paying the interest on your loan. Navi doesn’t charge any pre-closure fee.
You can repay your loan in EMIs. All you need to do is link your bank account to the Navi app. Your EMI will get automatically deducted on the due date.

Here are some of the factors you could consider before taking a personal loan:

  • Credit score: Having a good credit score can help you fetch better deals on your loan. Similarly, a poor credit score could lead to loan rejection
  • Repayment capacity: Check your repayment capacity before taking a loan. Missed EMI payments could hurt your credit score and put a dent in your creditworthiness
  • Loan EMI: Always calculate your loan EMI beforehand to check your monthly repayment obligations. This would help you manage your finances in a better way.
Multiple missed EMIs can call for penalty charges. Also, it can put a serious dent in your creditworthiness.

Yes, you can get an instant cash loan within 1 hour in Chennai. All you need to do is download the Navi app and apply. It hardly takes a few minutes to get your preferred loan amount transferred to your account provided you are eligible.

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