Personal loans are one of the most convenient financial tools for individuals needing quick funds for various purposes—medical emergencies, weddings, education, home renovation, or even travel.

Tamil Nadu, being a major economic and cultural hub in South India, has a strong presence of both public and private sector banks, as well as non-banking financial companies (NBFCs), offering competitive personal loan options.

If you're a resident of Tamil Nadu and considering applying for a personal loan, here’s a curated list of some of the best banks and NBFCs providing personal loan in Tamil Nadu with attractive features and flexible repayment options.

1. State Bank of India (SBI)

SBI is one of India’s most trusted public sector banks and offers personal loans under products like SBI Xpress Credit and SBI Pension Loan. With interest rates starting as low as 10.60% p.a. and minimal documentation, SBI is a preferred choice for salaried employees, government staff, and pensioners.

Key Features:

    • Loan amount: Up to ₹20 lakhs
    • Tenure: Up to 6 years
    • Quick approval for salary account holders

    2. My Mudra

    My Mudra offers instant personal loans through its online platform with minimal documentation. It’s known for quick disbursal—often within a few hours—making it ideal for emergencies.

    Key Features:

      • Interest rates: Starting from 10.50% p.a.
      • Pre-approved loans for existing customers
      • Loan amount: Up to ₹50 lakhs

      3. ICICI Bank

      ICICI Bank is another top choice for personal loans in Tamil Nadu. Their seamless digital process allows eligible customers to apply and receive funds quickly.

      Key Features:

        • Competitive interest rates starting from 10.75% p.a.
        • Flexible repayment options up to 60 months
        • Online tracking and EMI calculators available

        4. Axis Bank

        Axis Bank offers personal loans with minimal paperwork and fast disbursal. It is particularly suitable for salaried individuals with a steady income.

        Key Features:

          • Loan amounts up to ₹25 lakhs
          • Tenure: 12 to 60 months
          • Attractive interest rates and balance transfer facilities

          5. Bajaj Finserv (NBFC)

          As a leading NBFC, Bajaj Finserv provides flexible personal loan options with instant approvals. Their fully digital process allows residents in both urban and semi-urban Tamil Nadu to access funds easily.

          Key Features:

            • Quick disbursal within 24 hours
            • Flexible EMIs with part-prepayment options
            • Loan amount up to ₹25 lakhs

            6. Tata Capital (NBFC)

            Tata Capital offers customized personal loans based on your financial profile. Their transparent policies and customer support make them a reliable NBFC in Tamil Nadu.

            Key Features:

              • Interest rates from 10.99% p.a.
              • Minimal documentation
              • Special offers for women and self-employed professionals

              7. IDFC FIRST Bank

              IDFC FIRST Bank is gaining popularity due to its customer-centric personal loan products, competitive rates, and fast approval.

              Key Features:

                • Instant loan offers for salaried and self-employed
                • No hidden charges
                • 100% digital application process

                Conclusion

                With many trusted banks and NBFCs operating in Tamil Nadu, applying for a personal loan is easier than ever. Whether you live in Chennai, Coimbatore, Madurai, or a smaller town, you have access to flexible loan options tailored to your needs.

                Before applying, compare interest rates, processing fees, eligibility criteria, and repayment terms to choose the lender that best fits your financial situation.