Instant personal loan in Madurai
Madurai, one of India's oldest cities and the cultural capital of Tamil Nadu, is renowned for its historic temples, including the Meenakshi-Sundareswarar Temple. The city is a hub for education, tourism, and industries such as granite, chemicals, automobiles, and rubber manufacturing. Additionally, farming activities like poultry, dairy, mat weaving, and jasmine plantations contribute to its economy. Whether for personal or business needs, you can visit our branch in Madurai or apply online for a Bajaj Finserv Personal loan of up to Rs. 55 lakh to support your financial goals.
Features and benefits of a personal loan in Madurai
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Flexibility
Get a flexible repayment facility with the Flexi-hybrid feature. Save up to 45%* on EMI payments.
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Online account
Use the customer portal - My Account to manage your loan account online.
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Higher financing
Bajaj Finserv provides unsecured credit of up to Rs. 55 lakh in Madurai for multiple uses.
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Flexible repayment tenor
You can now choose up to 96 months as your tenor. Repay conveniently without defaulting.
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Transparent policy
Our transparent terms and conditions ensure no hidden charges on a personal loan.
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Minimum documents
Provide only essential documents to get your personal loan and receive a quick approval online.
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Immediate approval
You don't need to wait for hours and days to receive approval on your personal loan. Bajaj Finserv processes loans immediately for faster approval.
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Fund in 24 hours*
Access instant funding with us as the loan amount gets transferred to your account within 24 hours*.
To provide substantial financing to borrowers, Bajaj Finserv offers personal loans in Madurai with personalised features. Eligible applicants can apply for a personal loan through an online application form and receive quick approval in minutes. The documentation process is also hassle-free. Once verified, money is credited within 24 hours*. Avail of the best loan with flexible terms and conditions from Bajaj Finserv.
*Conditions apply
Eligibility criteria for a personal loan in Madurai
Improve your chances of taking a loan with simple eligibility criteria. Opt for the personal loan eligibility calculator.
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CIBIL score
685+
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Employed at a reputed MNC or private/public company
Occupation
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Citizenship
Residing Indian citizenship
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Income
Check the city list to know your minimum salary requirement
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Age
Between 21 years to 80 years*
Ensure to know the maximum amount you are eligible to avail beforehand. This increases the approval chances significantly and helps you make an informed decision. After application, you can easily check its status and other loan information on our customer portal - My Account.
Documents required to get a personal loan in Madurai
To avail of a personal loan in Madurai, applicants must submit essential documents to ensure hassle-free approval. Knowing the personal loan document requirements in advance helps streamline the process. Here’s what you’ll need:
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
*You should be 80 years* or younger, at the end of the loan tenure.
Interest rates and charges on a personal loan in Madurai
Check the latest fees and charges on a personal loan in Madurai.
Purposes of Personal Loan
A personal loan serves multiple financial needs, providing flexibility for various expenses:
- Travel expenses: A travel loan helps cover costs like airfare, hotels, and sightseeing.
- Wedding costs: Manage wedding expenses seamlessly with a marriage loan.
- Educational needs: Fund tuition or study abroad with a personal loan for higher education.
- Medical emergencies: Get quick financial aid through a medical loan.
- Home improvements: Renovate or upgrade your home with a personal loan for home expenses.
With fast approvals and flexible repayment, a personal loan is a reliable financial solution.
How to apply for a personal loan in Madurai?
To apply for a personal loan in Madurai, follow these simple steps for a hassle-free process:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents
Our Personal Loan branches in Madurai
Frequently asked questions
The minimum wage depends on your current place of residence in India. The minimum requirement starts from Rs. 22,000 per month.
It is possible to apply for a new personal loan when you already have an existing one running. However, your repayment capability, along with other financial aspects, will be evaluated before approval. Note that it's always better to avail one loan at a time. This shall not adversely impact your CIBIL score and reduce the possibilities of rejection.
You can enjoy zero restrictions on loan use. Expand or invest the money whichever way you want to. Home renovation, wedding, healthcare, medical emergency, debt consolidation, travel or purchase of consumer durables are a few of its many uses.
Bajaj Finserv offers an unsecured personal loan. Hence, there is no need to keep any asset as collateral or even bring a guarantor. Receive approval as per your eligibility.
When availing of an unsecured loan, eligibility criteria serve as the primary factor for assessment. The approval or rejection of an application largely depends on these parameters.
