182 people have applied in the last 24 hours

Personal Loan in Chandigarh

As a joint capital of Punjab and Haryana, Chandigarh is said to have one of the highest per capital incomes in India. It is also one of the fastest developing cities in the country. Aspirations are growing and sometimes an individual’s salary won’t be enough to meet the ever-increasing expenses.

At times like this, availing a loan in Chandigarh can help tide over the financial crunch. Applicants can put in a loan application through Finnable’s personal loan app. The process is quick, easy, and simple and with affordable interest rates of  the personal loan, applicants can fund their vacations, plan a wedding, or cover medical expenses.  

If you are employed in the government or private sector and are looking for a personal loan in Chandigarh, Finnable offers instant online personal loans of up to Rs. 10 lakh.

Documents Required for Loan

Required Documents

At the time of application of the instant loan, applicants need to submit the following documents:

  • PAN card of the applicant: This document acts as proof of identity while availing personal loan finance
  • Aadhar card of the applicant: Aadhar card is submitted as proof of citizenship and residence.
  • Salary slip for 3 months: This document corroborates that the applicant has a constant flow of income and can repay the personal loan on time.
  • Bank statement for 3 months: This can be either on email or with access to net banking. The bank statement acts as proof of salary receipt.  Applicants can either provide the salary slip or the bank statement as income proof. 

Eligibility Criteria for Personal Loan

The eligibility for a personal loan in Chandigarh is as follows: 

  • The borrower should be a resident of India.
  • The age criteria are between 21-45 years.
  • The applicant must be employed in the government sector or be working in a private company.
  • The total work experience of the applicant should be more than 6 months. At the time of submitting the instant personal loan application, the borrower must have at least 3 months of work experience in their current company.
  • The income should be credited to a bank account.
  • The total monthly income received by a Tier-I applicant should be more than Rs. 20,000 while a Tier-II applicant must receive more than Rs. 15,000/-.
Apply For Instant Loan


Availing an instant personal loan in Chandigarh is a 3-step process. Borrowers can use Finnable’s personal loan app and apply for an instant loan from the comfort of their home, office, or while on the move. To apply for a loan: 

  • Step1: Download Finnable’s app and set up your profile by adding your personal and professional details.
  • Step2: Choose the type of loan you are looking for, the loan amount, and the duration of the loan. 
  • Step3: Upload your PAN card, Aadhar card, and salary slip/bank statement. 

Finnable will digitally verify the documents, and the funds will be credited within 6 hours of verification.

The repayment of the online personal loan is done through EMIs. The EMI or equated monthly installment includes the personal loan amount and the loan tenure. The interest rate for the personal loan is decided by the lender. But you can still get an idea how much the EMI would be impacted in case of falling or rising interest rate. 

So while availing of a personal loan in Chandigarh, the applicant will pay the EMI based on the below formula: 

EMI= PxRx[(1+R)^N]/ [(1+R)^N-1]


The loan amount is P

The rate of interest is R

And the tenure of the loan is N

You can also use the personal loan EMI calculator to calculate the EMI on Finnable’s website or personal loan app.

There are many benefits of personal loan: 

  • Easy process: Applicants can avail of a personal loan in Bhubaneswar in 3 simple and easy steps.
  • No collateral: Being an unsecured loan, the borrower does not need to pledge any security against the loan amount.
  • Quick loan disbursal: The personal loan can be disbursed within a few hours of verification.
  • 100% digital and secure: The entire process can be done through a personal loan app and is 100% secure. 
  • Simple documentation: Applicants only need to provide their PAN card, Aadhar card and salary slip at the time of application.
  • CIBIL score not compulsory: Finnable does not mandatorily ask for a CIBIL score or credit score.

Before availing of a personal loan, it is important to calculate the EMI. To calculate, borrowers can use the following formula:

PxRx[(1+R)^N]/ [(1+R)^N-1]


P= Principal Loan Amount

R= Rate of interest

N=Tenure of the loan

Another option the borrower has is to use Finnable’s personal loan EMI Calculator. The borrower will have to input the loan amount and the tenure in the personal loan EMI calculator and adjust the personal loan interest rate. The EMI gets calculated in a matter of seconds.  However, one thing to remember is that the final interest rate will be decided by the lender. The borrower can still see how much the EMI would be in case the interest rate is higher or lower than the expected rate of interest.

Upgrade your life!

Apply for a loan at Finnable and live limitlessly