Personal Loan In Madurai – SBI, HDFC, ICICI, Bajaj, Fullerton
Choose the best personal loan in Madurai – Check Interest Rates and Eligibility for personal loan in the Madurai. Compare and choose the best interest rates from the bank’s list given below: SBI, Fullerton India, BOI, ICICI, HDFC, Axis, Bajaj Finserv, Capital First, UCO, BOB, Canara, Kotak, HSBC, Standard Chartered, Tata Capital, Indusind, HDB Financial.
It is online process, fill the application form given below and check the eligibility i.e personal loan rate of interest, emi, tenure, schemes, required documents and other details. Applications approval depends above mentioned criteria. You can also check your application status.
Personal loan is a facility provided by the bank to fullfil the financial requirements i.e (personal use, medical emergencies, marriage purpose,education purpose etc). The loan can be repaid monthly i.e through emis.
Apply For Personal Loan In Madurai
Personal Loan Interest Rates
| Banks | Interest Rates |
| State Bank of India | 10.50% - 13.50% |
| ICICI Bank | 11.25% - 18.00% |
| HDFC Bank | 10.75% - 18.00%. |
| Bajaj Finserv | 11.99% - 16.00% |
| Axis Bank | 12.00% - 20.00% |
| Kotak Mahindra Bank | 10.99% onwards |
| Fullerton India | 11.99% - 20.00% |
| Bank of Baroda | 11.15% - 16.15% |
| Bank of India | 12.20% - 14.20% |
| Tata Capital | 10.99% onwards |
| Standard Chartered | 11.00% - 19.20% |
| IndusInd Bank | 11.25% onwards |
- Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
- Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Latest 3 months Bank Statement (where salary/income is credited).
- Salary slips for last 3 months.
- 2 Passport Size photographs.
- KYC Documents : Proof of Identity; Address proof; DOB proof.
- Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Income proof (audited financials for the last two years).
- Latest 6 months Bank statement.
- Office address proof.
- Proof of residence or office ownership.
- Proof of continuity of business.
Personal Loan Details For Salaried and Self-employed Madurai
| Loan Amount | Min. Rs. 50,000 to Max. 15,00,000 depending on eligibility |
| Processing Fee | 2% – 3% of loan amount |
| Prepayment Charges | Up to 3% |
| Foreclosure or Prepayment | Available |
| Repayment Period | Min. 12 months – Max. 60 months |
| Repay The Loan | Repay the loan in Equated Monthly Installments (EMI’s) |
| Top Up Facility | Avail after specified EMI paid |
| Requirement Of Guarantor | Not required |
| Approval Time | 5 minutes |
| Loan Disbursal | Soon Loan Disbursal |
EMI Calculator For Personal Loan
Eligibility Criteria s For Personal Loan In Madurai
| Monthly Income Required | Around Rs.12,000 onwards |
| Age Limit | 21 years – 60 years |
| Required Cibil Score | Around 700 |
| Total years in job/profession | Minimum 2 years of job stability |
| For Self-employed | Minimum 3 years of business stability |
| Residence Stability | Minimum 1 year of current stability |
Branch addresses for personal loan in Madurai
| List Of Banks | Address |
| SBI | W Veli St, Madurai, Tamil Nadu 625001 |
| HDFC | 78, Tirupparankunram Rd, Agrini Twp, Andalpuram, Madurai, Tamil Nadu 625016 |
| ICICI | 52-53, S Masi St, Valaiyal Kadai, Madurai Main, Madurai, Tamil Nadu 625001 |
| Axis | 74A, Palam Station Road, Goripalayam, Opposite To Minnal Mahal – Sellur, Goripalayam, Madurai, Tamil Nadu 625002 |
| Bajaj Finserv | Bypass Rd, Navalar Nagar, S S Colony, Madurai, Tamil Nadu 625016 |
| Bank Of India | 9, E Avani Moola St, Madurai Main, Madurai, Tamil Nadu 625001 |
| UCO Bank | Plot No.401, Opp. Rajmahal, East 9th Street, KK Nagar, Madurai, Tamil Nadu 625020 |
| Kotak Mahindra Bank | 1, Mela Perumal Maistry St, Simmakkal, Madurai Main, Madurai, Tamil Nadu 625001 |
| Canara Bank | R.S. 182\2 B, Alagar Kovil Main Rd, Ramavarma Nagar, K.Pudur, Madurai, Tamil Nadu 625007 |
| Tata Capital | Ar Plaza C-2 II Floor, 16, 17, North Veli St, North Veli St, Madurai, Tamil Nadu 625001 |
| Indusind Bank | No.30, Kamala 2nd Street, Kamala 2nd Street, Chinna Chokkikulam, Madurai, Tamil Nadu 625002 |
| HDB Financial Services | 275, PSM Towers, 2nd Floor, 625 009, Kamarajar Salai, Madurai, Tamil Nadu 625001 |
| Union Bank | Near Sarathi Textiles, S Masi St, Madurai Main, Madurai, Tamil Nadu 625001 |
| United Bank | 295, W Masi St, Simmakkal, Madurai Main, Madurai, Tamil Nadu 625001 |
| Punjab National Bank | West Masi Street, Simakkal, Madurai, Tamil Nadu 625001 |
| Allahabad Bank | Muthupati Main Rd, Alagappan Nagar, TVS Nagar, Madurai, Tamil Nadu 625003 |
| Yes Bank | Palam Station Rd, Sellur, Madurai, Tamil Nadu 625002 |
| Karnataka Bank | 39-41, Town Hall Rd, Madurai Main, Madurai, Tamil Nadu 625001 |
| Oriential Bank Of Commerce | N Veli St, Poondhotam, Madurai Main, Madurai, Tamil Nadu 625001 |
About Madurai
Madurai is a major city in the Indian state of Tamil Nadu. It is the administrative headquarters of Madurai District. Madurai is the third largest city by population in Tamil Nadu, and is the 25th populated city in India. Located on the banks of River Vaigai, Madurai has been a major settlement for two millennia and is one of the oldest continuously inhabited cities in the world.
The city has a number of historical monuments, with the Meenakshi Amman Temple and Tirumalai Nayak Palace being the most prominent. Madurai is an important industrial and educational hub in South Tamil Nadu. The city is home to various automobile, rubber, chemical and granite manufacturing industries.
Madurai was traditionally an agrarian society, with rice paddies as the main crop. Cotton crop cultivation in the regions with black soil in Madurai district was introduced during the Nayaka rule during the 16th century to increase the revenue from agriculture.