Instant approval with fewer documents:
Get Personal Loan approval in less than 10 minutes with just your KYC details and income proof.
Personal Loan in Chandigarh
Loan up to ₹5 Lakh
Minimum Salary Required ₹15K
Instant Approval in 10 minutes
Calculate Personal Loan EMI
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:
Big Loan Amount:
You can get a Personal Loan in Chandigarh of up to Rs 5,00,000 for various purposes.
Modest Interest Rate:
The Personal Loan interest rate at Hero FinCorp starts from 1.58% per month or 19% per annum.
Zero Collateral Pledge:
Our Personal Loans are unsecured, so you do not need to provide any security or collateral.
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:
| Criteria | Requirement |
|---|---|
| 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 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
Proof Of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
6 Month's Salary Slips & Bank Statements, Form 16
Job Continuity Proof
Appointment Letter from Current Employer
Proof of Residence
Driving License, Passport, Aadhaar Card, Utility Bill
Additional Documents (Self-Employed Only)
N/A
Documents Required For Self Employed
Proof Of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
Last 6 Months Bank Statements, ITR for Last 2 Years
Job Continuity Proof
N/A
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 & 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 Chandigarh?
To apply for a personal loan in Chandigarh from Hero FinCorp, follow these steps:
- 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
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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.