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The capital Tamil Nadu, Chennai is often known as India's cultural capital. The city boasts a glorious past and continues to embrace centuries-old traditions and culture with grace. But that is just one side of it. On the other, Chennai is a thriving ground for diverse businesses and is an important commercial and educational hub of South India. The city attracts a large number of students, salaried professionals, and entrepreneurs all year round. All these together drive the demand for personal loans in the city, explaining the popularity of numerous financial institutions and personal loan providers in Chennai. If you too are seeking a personal loan in Chennai that promises instant approval and minimal paperwork then contact Hero FinCorp today.
Personal Loan for Looking for a personal loan up to Rs 5 Lakh? Hero FinCorp can help! We offer competitive interest rates on personal loans for self-employed.
Personal Loan for Personal Loans for women provide hassle-free and quick funding to help female professionals achieve their goals.
Personal Loan for Personal Loans for government employees are available at attractive interest rates at Hero FinCorp, making them the most affordable funding option in the market.
Personal Loan for Are you earning more than Rs 15,000 per month? Get an online education Personal Loan in Chennai for higher education instantly.
Personal Loan for If you are a doctor in Chennai and need urgent cash for personal or professional needs, you can apply for a quick approval personal doctors loan. The loan can be disbursed fast into your account.
Personal Loan for Hero FinCorp offers travel loans to help make your trip perfect. Get them at competitive rates with quick approval and disbursal.
Personal Loan for Apply online to get a Personal Loan for a wedding and finance different planned or unplanned wedding expenses.
Personal Loan for Looking for a personal loan for home renovation in Chennai? You can get up to Rs 5 lakh to help you achieve your dream of building the perfect home.
The Hero FinCorp Personal Loan EMI Calculator helps you calculate EMIs for various loan terms. You only need three essential variables to determine your monthly EMIs: the loan amount, interest rate, and repayment tenure. The user-friendly, free-to-use, online tool works on the following mathematical formula: P × r × (1 + r)n/((1 + r)n - 1). Knowing your EMIs before applying for Personal Loan finance in Chennai for private purposes will help you choose the right repayment tenure with budget-friendly EMIs.
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
Hero FinCorp's personal loan in Chennai has many more benefits than instant approval. Some of them are:
Financial emergencies can strike anytime and you can never predict how much money you will require at such times. Understanding this, we offer personal loans in Chennai for a maximum amount of up to Rs 5 lakh.
Hero FinCorp personal loans in Chennai are known for their versatility. You can utilize the funds to cover a wide range of expenses such as medical emergencies, a child’s education, Wedding expenses, and more.
We, at Hero FinCorp, do not ask you to pledge any collateral to avail of the personal loan. Therefore, while applying for a personal loan with us, you do not have to worry about risking a valued possession such as your car or home.
We offer personal loans based on your income and credit history. If you have a solid profile, Hero FinCorp will provide you with a personal loan at an affordable interest rate that is easy on your wallet.
To apply for a personal loan in Chennai through Hero FinCorp, the following eligibility criteria must be fulfilled.
Age
You must be a citizen of India.
Citizenship
The minimum and maximum age limits for our personal loan are 21 years and 58 years, respectively.
Work Experience
If you are a salaried individual, then a minimum of 6 months of work experience is compulsory. If you are into a business, then a minimum of 2 years of experience is compulsory.
Monthly Salary
A minimum monthly income of Rs 15,000 is a must.
At Hero FinCorp, we have minimal documentation requirements to apply for a Personal Loan in Chennai. These include your identity, address, income proof, and a few other documents. You don't need to visit our branch office to submit these documents. You can scan and upload the necessary documents online using our website or app. However, since the documentation requirements vary for salaried and self-employed individuals, gather the correct documents to complete the formalities. Go through the documentation requirements carefully.
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Six Month Salary Slip & Bank Account Statement, Form 16
Appointment Letter From the Current Employer
Driver Licence, Passport, Aadhaar Card, Utility Bill
Driver’s Licence, Passport, PAN Card, Aadhaar card
Filled Loan Application Form, Passport Size Coloured Photograph
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Our Personal Loan interest rates in Chennai start at 15% per annum. So, you don't need to worry about paying exorbitant charges in addition to the principal amount you borrow. Below, get informed about our Personal Loan interest rates and other applicable charges.
| Fees & Charges | Chargeable Amount |
|---|---|
| Interest Rate | Minimum 15% |
| Processing Fee | 2.5% to 3.5% |
| Foreclosure Charges | 5% + GST |
| Part-payment charges | N.A. |
| EMI Bounce Charges | 350/- |
Get instant personal loan approval in Chennai with Hero FinCorp and that too at your leisure. To initiate your loan application, either visit our website or walk into our branch office or outlet in person.
A credit history or a credit report is a record of how well you have paid off your previous debts. It shows us how you have paid your EMIs on previous or current debt obligations. If you miss an EMI or default on a previous loan, it reflects on your credit report. This may lead to the rejection of your new loan application or a high-interest personal loan. In simple terms, credit history helps us to evaluate your potential to repay the loan.
Besides monthly income, many other factors affect your personal loan approval. Here are some of the most common reasons for loan application rejection:
With Hero FinCorp, the list of documents needed to apply for a personal loan is kept to a bare minimum. Below are the documents that you will need while submitting your loan application.
If you wish to apply for a personal loan in Chennai with Hero FinCorp, you don't need to put up your valuables as collateral. We provide a personal loan based on your income, credit history, and some other factors.
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