Attractive Interest Rate
At Hero FinCorp, the Personal Loan interest rates start from 1.58% per month or 19% per annum.
Personal Loan in Bhopal
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get Personal Loan in Bhopal With Quick Disbursal
Bhopal, the capital city of Madhya Pradesh, is a perfect blend of history and modernity. With growing financial needs, Personal Loans have become the preferred funding solution. At Hero FinCorp, you can get a Personal Loan in Bhopal of up to Rs 5 Lakh with approval in just 10 minutes. Our loans come with competitive interest rates and flexible tenures. You can apply easily if your monthly income is at least Rs 15,000. You can use this for various planned and unplanned expenses.
Features and Benefits of a Personal Loan in Bhopal
One of the top personal loan providers in Bhopal, Hero FinCorp offers many features and benefits on instant personal loan online:
Zero Collateral
A Personal Loan is an unsecured loan, so you do not need to provide any security or collateral to apply.
Flexible Repayment Options
You can choose a Personal Loan repayment tenure of 12 to 36 months as per your repayment capacity.
Instant Approval, Minimum Documentation
At Hero FinCorp, you can get approval for an online Personal Loan within 10 minutes with minimum documentation requirement.
Loan Amount
You can get a Personal Loan of up to Rs 5,00,000 in Bhopal at competitive interest rates for various purposes.
Eligibility Criteria for Instant Personal Loan in Bhopal
To be eligible for personal loan Bhopal, an applicant must meet the following criteria:
| Eligibility Criteria | Details |
|---|---|
| Age | Applicant should be between 21-58 years |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Income | Applicant should at least earn a minimum amount of Rs 15,000 monthly. |
List of Documents Required to Apply for a Personal Loan in Bhopal
The documentation requirements at Hero FinCorp vary for salaried and self-employed applicants. It's advisable to check the required Personal Loan documents in advance to ensure a smooth and hassle-free application process.
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 Bhopal
At Hero FinCorp, our personal loan interest rates in Bhopal start at just 19%. So, you don't need to worry about paying exorbitant rates in any circumstance. Our instant cash loan in Bhopal has no hidden charges either, as they are completely transparent, as mentioned below:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% p.a. |
| 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 Bhopal?
To apply for a personal loan in Bhopal from Hero FinCorp, follow these steps:
- 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
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Frequently Asked Questions (FAQs)
After the loan application is processed and all the necessary documents are successfully verified, Hero FinCorp will approve the personal Loan in Bhopal within a few minutes.
The evaluation process is fast and the status of the personal loan application is shared via SMS and email. The applicant can also contact the customer care team of Hero FinCorp by providing the application reference number.
Based on the applicant's eligibility, Hero FinCorp can provide Personal Loans of up to Rs 5 Lakh for a tenure of up to 36 months in Bhopal.
Yes, Hero FinCorp offers competitive interest rates up to 30% p.a., for Personal Loans in Bhopal. However, it will depend on the applicant’s credit score and other factors.
Certainly, you can get a personal loan in Bhopal, provided you have a good credit score, a low debt-to-income ratio and meet the minimum income requirements of the lender.
You may apply online for an instant personal loan in Bhopal on the Hero FinCorp website or loan app.
No, some lenders may provide you a personal loan in Bhopal without credit scores, but they may provide either a small amount of loan or charge a higher interest rate.
To be eligible for a personal loan from Hero FinCorp in Bhopal, you need a minimum income of Rs 15,000 per month.