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Personal Loan
in Bhopal

  • Loan up to ₹5 Lakhs
  • Minimum Salary Required ₹15K
  • Instant Approval
Apply Now

Apply for personal loan in bhopal

Get Personal Loan in Bhopal With Quick Disbursal

Bhopal, the thriving capital of Madhya Pradesh, is a combination of rich heritage and modern urban planning making it an attractive city for the service as well as the business class. A buzzing business centre, a personal loan in Bhopal is one of the popular financial products among the residents as it helps them manage their urgent personal needs. Hero FinCorp is a trusted personal loan provider in Bhopal. It offers personal loans at affordable interest rates and has fast customer service.

We Offer a Wide Range of Personal Loans!

Personal Loan EMI Calculator

Your repayment plan should not stress your finances and still allow you to repay the EMIs on time. A Personal Loan EMI calculator is an excellent tool that helps you select a suitable loan term according to your monthly repayment capacity. Enter your loan amount, interest rate, and tenure in the calculator to measure EMIs for various loan terms. Keep adjusting the tenure until you find a plan with budget-friendly EMIs.


Loan Detail

Select Loan Amount

Min ₹ 50,000

Max ₹ 5,00,000

Interest Rate

15 %

Min 15%

Max 35%

Select Loan Repay Duration

12 Months

Min 12 Months

60 Months

Your Estimated EMI

₹ 4477

Features And Benefits of Hero Fincorp Personal Loan Bhopal

One of the top personal loan providers in Bhopal, Hero FinCorp offers many features and benefits on personal loans:

Loan Amount:

The loan amount offered by Hero FinCorp ranges from Rs 50,000 to Rs 5,00,000, which is quite high as compared to personal loan lending standards in the city.

Budget-friendly Interest Rate:

Hero FinCorp, a personal loan finance company in Bhopal, provides personal loans at affordable interest rates, making them ideal for both salaried and self-employed customers.

Zero Collateral:

There is no obligation of any collateral as a personal loan in Bhopal is an unsecured loan. Also, the loan approval can be done in double-quick time.

Flexible Repayment Options:

Hero FinCorp customers get to choose from a flexible tenure ranging from 12 months to 60 months so that they can repay the loan at their convenience.

Instant Approval, Minimum Documentation:

Hero FinCorp believes in fast customer service and hence provides instant personal loan approval that involves just a few steps and minimum documentation.

Eligibility Criteria for Instant Personal Loan in Bhopal

To be eligible for personal loan Bhopal, an applicant must meet the following criteria:

Documents Required to Apply for a Personal Loan in Bhopal

At Hero FinCorp, we have minimal documentation requirements to keep Personal Loan finance in Bhopal easily accessible to you. These only include your identity, address, and income proof. Moreover, we don't call you to our branch office to submit the required documents. You can upload scanned copies of the necessary documents online through our website or loan app. Our online loan procedure is 100% paperless, allowing you to apply online from the comfort of your home. Your documentation requirements will differ depending on whether you are a salaried employee or a self-employed professional. So, go through the details carefully to arrange adequate documents.

Documents Required

For Salaried Employee
Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

Job Continuity Proof

Appointment Letter From the Current Employer

Proof of Residence

Driver Licence, Passport, Aadhaar Card, Utility Bill

 

Documents Required

For Self Employed
Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

Proof of Business Existence

Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate

Interest Rates on Personal Loans in Bhopal

At Hero FinCorp, our Personal Loan interest rates in Bhopal start at just 15%. 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 Minimum 15%
Processing Fee 2.5% to 3.5%
Part-payment charges NA
Foreclosure Charges 5% + GST
EMI Bounce Charges Rs 350/-

How To Apply For a Personal Loan in Bhopal?

To apply for a Personal Loan in Bhopal from Hero FinCorp, follow these steps:

  1. At Hero FinCorp, there are two ways of applying for a personal loan in Bhopal. The first is through the online platform—functional 24x7. The second is the offline method, by visiting the nearest branch.
  2. Fill Hero FinCorp’s personal loan application form which includes basic details and mention the reason for availing of a personal loan. Also, carry a passport size photograph.
  3. Submission documents must include copies of KYC records such as PAN Card, residential proof, identity proof, and salary slips, along with the application form. Both online and offline methods of application submission are available at Hero FinCorp.
  4. If the application is successful and document verification is satisfactory, Hero FinCorp will approve the personal loan instantly and ask the applicant to sign the loan agreement.
  5. After the personal loan is approved, the loan amount is disbursed to the applicant’s bank account in no time.

Frequently Asked Questions

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