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Personal Loan in Chandigarh

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Loan up to ₹5 Lakh
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Minimum Salary Required ₹15K
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Instant Approval in 10 minutes
Calculate Personal Loan EMI

Monthly EMI

₹ 0

Interest Payable

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Get Personal Loan in Chandigarh With Quick Disbursal

Chandigarh is the shared capital of Haryana and Punjab. It is a well-planned city in India. With rising costs of living, people usually seek extra cash for different needs like higher education, healthcare and even holidays. 

At Hero FinCorp, we offer Personal Loans in Chandigarh of up to Rs 5 Lakh. You can avail of a loan at competitive interest rates and flexible repayment terms. Whether you are a salaried professional or a self-employed individual, if you earn Rs 15,000 a month, you can apply online and get approval in just 10 minutes.

Features and Benefits of a Personal Loan in Chandigarh

Hero FinCorp, a Personal Loan provider in Chandigarh, offers Personal Loans with attractive features and benefits such as:

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Instant approval with fewer documents:

Get Personal Loan approval in less than 10 minutes with just your KYC details and income proof.

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Big Loan Amount:

You can get a Personal Loan in Chandigarh of up to Rs 5,00,000 for various purposes. 

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Modest Interest Rate:

The Personal Loan interest rate at Hero FinCorp starts from 1.58% per month or 19% per annum.

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Zero Collateral Pledge:

Our Personal Loans are unsecured, so you do not need to provide any security or collateral.

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Flexible Repayment Duration:

You can choose a repayment tenure of 12 to 36 months as per your monthly budget.

Eligibility Criteria for Instant Personal Loan in Chandigarh

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

CriteriaRequirement
AgeApplicant should be between 21-58 years
CitizenshipYou should be a citizen of India.
Work ExperienceSix months for salaried individuals and 2 years for self-employed individuals.
Monthly IncomeApplicant should at least earn a minimum amount of Rs 15,000 monthly

List of Documents Required to Apply for a Personal Loan in Chandigarh

Documentation is an important part of the loan application. Being prepared with the necessary Personal Loan documents can help ensure a smooth and hassle-free application process. Here’s a list of the essential documents.

Documents Required for Salaried Employee

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Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

6 Month's Salary Slips & Bank Statements, Form 16

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Job Continuity Proof

Appointment Letter from Current Employer

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Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

Additional Documents (Self-Employed Only)

N/A

Documents Required For Self Employed

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Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

Last 6 Months Bank Statements, ITR for Last 2 Years

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Job Continuity Proof

N/A

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

Additional Documents (Self-Employed Only)

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

Interest Rate and Charges for Personal Loan in Chandigarh

Before applying for a Personal Loan in Chandigarh, it’s important to know the loan costs. At Hero FinCorp, Personal Loan interest rates are competitive, and other charges are nominal. Check out the details.

Fees & ChargesAmount Chargeable
Interest RateStarting from 19% p.a.
Loan Processing ChargesMinimum 2.5% + GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. 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 Chandigarh?

To apply for a personal loan in Chandigarh from Hero FinCorp, follow these steps:

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  • 01

    Visit the Hero FinCorp website or install the personal loan app

  • 02

    Go to the Personal Loan page and click ‘apply now

  • 03

    Enter your mobile number and verify with the OTP received

  • 04

    Choose the loan amount you need

  • 05

    Verify your KYC details to check income eligibility 

  • 06

    Click ‘Submit’ to complete your application

What Our Clients Say About Us

It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

Savi Gupta, Bangalore

Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

Rashi Kohli, New Delhi

It is a simple procedure. For financial emergencies, it is the best option. Thanks for their assistance. Adaptable and well-balanced. You can acquire an immediate loan transfer with Hero FinCorp.

Lalji Soni, Chennai

Processing is quick, and had great experiences with this personal loan application and service. I appreciate customer support's gentle communication in helping the process go more smoothly. interest rates provided on the personal loan is the lowest in market. Overall experience good. I'm grateful.

Raj Chaudhary, Mumbai

I have been looking for a platform that allows me to borrow money quickly, it is convenient, safe and reliable to borrow money on this practical and reliable platform.

Kadam Kailash, Gurgaon

Frequently Asked Questions (FAQs)

No. Personal loan in Chandigarh will not come under tax exemptions as per the tax regulations
The repayment tenure for Personal Loans in Chandigarh is up to 36 months. You can use our Personal Loan Calculator to choose the most suitable tenure as per your monthly budget.
Fill out an application form with your KYC information and submit it along with your income proof online or at your Hero FinCorp branch.
In Chandigarh, you can get a Personal Loan approval in less than 10 minutes when you apply on the Hero FinCorp app/website.
Yes, you should be between 21 and 58 years with an income of Rs 15,000 per month and required work experience (salaried: 6 months; self-employed: 2 years) to apply with Hero FinCorp.
You can get a personal loan in Chandigarh of up to Rs 5,00,000 from Hero FinCorp without collateral.
No, proof of income (like pay slips, bank statements and Form-16) is needed for a Personal Loan application. It helps the loan provider know about your repayment capacity.
Personal loans have a nominal processing fee (around 2.5%% of the loan amount), which is deducted at the time of processing your personal loan application.