Personal Loans with A Low Salary

Personal Loan Eligibility Criteria on Herofincorp for Low Income Groups

People with a low income are actually in need of a personal loan for various reasons. It may be higher education, buying a vehicle or medical expense or urgent monetary needs are satisfied with a personal loan. Hence, the majority of the financial institutions have let the minimum income groups apply for a personal loan with easy terms.

Salaried individuals between the age group of 21 to 58 years can avail Herofincorp loan. Even those applying for the first-time loan are eligible for a loan. Bank statement of last 6-months is considered as an income proof. Download Herofincorp today, explore the benefits and fix your urgent cash requirements timely. No collateral is required as instant cash loans are unsecured loans with no guarantee.

Herofincorp accepts paperless documentation to save time and personal efforts. The below documents are mandatory while applying for apersonal loan with Herofincorp:
 

• KYC documents, inclusive of Aadhaar Card, Mobile Number Linked to Aadhar, Pan Card and Bank Account details.
• Address proof on driving license/ Passport/Voter’s ID
• Account holder’s internet banking information
• Income proof such as salary slips or 6month bank statement
• Employee details such as the name of the company, a position at workplace, work experience and job stability

 
Income proof is mandatory to verify the credit score that gives information about a person’s capability to repay the loan regularly in EMIs. Income proof ensures no defaulters are requesting for a loan.
One can apply for personal loan if all above mentioned pointers and eligibility criteria are taken care of at Herofincorp.