High Loan Amount
Hero FinCorp offers an instant loan of up to Rs 5 Lakh with minimum documentation, without collateral.
Personal Loan In Hyderabad
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Personal Loan EMI Calculator
Get Personal Loan in Hyderabad Up to 5 Lakh
Say Hyderabad and the first thing to come to your mind would be either its delicious biryani or the famous architectural wonder Charminar seated in the heart of its buzzing local market. Delve deeper into thought and you’ll recall how the City of Nizams is famous for its beautiful pearls and jewellery. But that’s not all. Today’s Hyderabad is a thriving ground for many industries such as IT, data science, civil engineering, dairy, electric vehicles, and whatnot. The tremendous growth of the city, and increased job and business opportunities have been attracting people from all over the country. This explains the high demand for Personal Loans in Hyderabad. Though there are many Personal Loan providers in Hyderabad, not all of them offer instant and hassle-free personal loans at attractive interest rates like Hero FinCorp. Read on to know more.
Features and Benefits of Personal Loan in Hyderabad
Apply for a personal loan in Hyderabad with Hero FinCorp and enjoy the following features and benefits of our instant loan product.
Flexible Tenure
You can choose a repayment term ranging from 12 to 36 months based on your finances.
Unsecured Loan
You don't have to put up any security in the form of assets, investments, or any other valuables to obtain this loan.
Multi-purpose Loan
You can use a personal loan for medical emergencies, child’s education, weddings expenses or any other personal use.
Eligibility Criteria for Instant Personal Loan in Hyderabad
To apply for a Personal Loan in Hyderabad through Hero FinCorp, you must meet the basic personal loan eligibility criteria listed below.
| Criteria | Requirement |
|---|---|
| Age | Your age should be between 21 and 58 years to apply for the loan. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | Your monthly income should be at least Rs 15,000. |
Documents Required to Apply for a Personal Loan in Hyderabad
Are you planning to apply for Personal Loan finance in Hyderabad? The documents you must submit depend on whether you are a salaried employee or a self-employed professional. That is because the personal loan documentation requirements vary for both. Here is a brief overview of documentation requirements:
Documents Required For Salaried Employee
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Income Proof
Last 6 Months Salary Slips, Bank Statements, and Form 16
Documents Required For Self Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months' Bank Statements and ITR for 2 Years
Interest Rates and Charges on Personal Loans in Hyderabad
At Hero FinCorp, the personal loan interest rate in Hyderabad is competitive. However, you must know the other fees and charges beyond the interest rate. We do not charge any hidden fees without your prior knowledge. Here are a few expenses that make up your total loan cost:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 1.58% per month |
| Loan Processing Charges | Minimum 2.5%+ GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST |
| EMI Bounce Charges | Rs 350/- |
| Interest on Overdue EMIs | 1-2% of the loan/EMI Overdue Amount Per Month |
| Cheque Bounce | Fixed Nominal Penalty |
| Loan Cancellation | 1. Online loan app does not charge any cancellation charges |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply For a Personal Loan in Hyderabad?
Applying for a Hero FinCorp instant Personal Loan in Hyderabad is as simple as one can imagine. You can initiate your application either online through our website or offline by visiting our branch office or outlet in person.
Online
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the personal loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
What Our Clients Say About Us
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Frequently Asked Questions (FAQs)
Your income shows your repayment ability. Higher income improves your approval chances, but then your credit history also affects your Personal Loan eligibility.
No, you can easily apply for a Personal Loan in Hyderabad without a guarantor or security, as these are unsecured loans.
There are many factors like your age, debt-to-income ratio and credit score that are taken into consideration while approving a Personal Loan.
At Hero FinCorp, you can get loan approval within 10 minutes when you apply online through the website or loan app.
At Hero FinCorp, the Personal Loan interest rate in Hyderabad starts from 1.58% per month.
You can get up to Rs 5 Lakh Personal Loan from Hero FinCorp with a monthly salary of Rs 15,000 per month. However, the loan amount will depend on a lot of factors like credit score and your debt-to-income ratio.
Yes, self-employed professionals and businesspersons can easily obtain a Personal Loan with Hero FinCorp in Hyderabad.
At Hero FinCorp, the documentation requirement is minimal. You only need your KYC details and proof of income.
You can know the status of your Personal Loan application online through the Hero FinCorp loan app or customer care.
Certainly, you can use a Personal Loan for health-related purposes or medical emergencies without hesitation as these are unsecured loans with flexible usage.
You can calculate your EMI instantly using the personal loan emi calculator available on the Hero FinCorp website. You just require your loan amount, interest rate and repayment period.
Of course, you can avail a Personal Loan for any personal need without any hesitation because these are unsecured loans with flexible use.