Personal Loan EMI Calculator
Mumbai, the financial capital of India, is a bustling metropolis known for its vibrant culture, thriving economy, and diverse population. As a significant hub for business, entertainment, and education, the city's fast-paced lifestyle creates a growing demand for better housing, healthcare, and financial support. To meet these needs, Personal Loans have become a popular choice. Hero FinCorp is a leading Personal Loan provider in Mumbai, offering loans of up to Rs 5 Lakh at attractive rates and flexible tenures with a monthly income of Rs 15,000. You can apply online to get approval in 10 minutes.
When applying for a Personal Loan in Mumbai, check its advantages and features. Here are some features of Hero FinCorp Personal Loans.
You can acquire the necessary funds without putting up any valuables as collateral.
Hero FinCorp provides a Personal Loan in Mumbai at a competitive interest rate.
Hero FinCorp offers personal loans for a tenure ranging from 12 months to 36 months.
Complete the online application form, upload your e-KYC, and receive instant approval.
To apply for a personal loan in mumbai, you must meet the eligibility criteria, including your age, monthly income, work experience, and citizenship. At Hero FinCorp, the personal loan eligibility criteria are simple and easy to fulfil.
| Criteria | Requirement |
|---|---|
| Age | You must be between 21 and 58 years old. |
| Citizenship | You must be an Indian citizen. |
| Work Experience | 6 months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | To ensure loan approval, you must maintain a minimum monthly income of Rs 15,000. |
Are you looking for an urgent cash loan in Mumbai? The documentation requirements may vary based on whether you are salaried or self-employed. Prepare the personal loan documents according to your profession and submit them along with your application.
Driver’s Licence, Passport, PAN Card, Aadhaar Card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver’s Licence, Passport, Aadhaar Card, Utility Bill
Not Applicable
Driver’s Licence, Passport, PAN Card, Aadhaar Card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Not Applicable
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Unlike private loan providers in mumbai, our personal loan interest rates and other charges are transparent and nominal. Here is detailed information about the costs involved:
| 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 |
Need an instant personal loan in mumbai? Here’s how you can get it with Hero FinCorp.
Visit the Hero FinCorp website or install the personal loan app
Go to the Personal Loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
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