***Personal Loans for Salaried Employees **ONLY FOR CHENNAI RESIDENTS***
Download the Monexo loan app and submit your personal loan application within 5 minutes.
You get a decision on the same day. Once you accept the loan offer, the loan is listed in the marketplace. Track the funding progress as investors keep funding your loan. The loan amount will be transferred directly to your bank account once its fully funded. Convenient and fixed monthly repayments start from the subsequent month.
✔Loan Amount from Rs 50,000 to Rs 5,00,000
✔Loan Duration - 6 months to 36 months
✔Interest Rate - 12.98% pa to 30% pa depending on your credit score and our screening parameters
✔Monexo Fees - 2% to 4% of the loan charged at the time of disbursal
✔Monthly EMI to be paid by you on the 1st of every month.
Do note we currently don’t provide business loans or loans to self employed individuals.
✔100% online process
✔No collateral required
✔No more standing in bank queues.
✔Pre-close your loan anytime
✔No hidden charges
✔Minimum take home salary above Rs 15,000 per month
✔Salary should be credited to your bank account
✔Minimum work experience of 3 months
✔Currently living in Chennai
✔ID Proof - Aadhar card and PAN number
✔Income Proof - Last 2 months payslip and last 3 months bank account statement showing your salary credit
✔Residence proof: Mobile/landline/internet bill/credit card statement/LPG bill not older than 60 days from application date (any one)
With Monexo personal loan app, you can avail a loan for any purpose
✔Higher Education Loan
✔Debt Consolidation Loan
✔Home Renovation Loan
How does it work?
Download the Monexo Personal Loan App for free and apply for a personal loan anytime, anywhere within 5 mins in few simple steps.
✔ Verify your phone number & email address.
✔ Choose the loan amount and tenor according to your requirement.
✔ Scan or upload the required documents.
✔ Accept your loan offer to get your loan listed in the marketplace.
✔ Receive your loan amount in your bank account.
Download our personal loan app now & enjoy hassle-free borrowing experience.