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Personal Loan for Tech Mahindra Employees
Hero FinCorp Personal Loan for Tech Mahindra employees offers a perfect financial tool for both planned and unplanned expenses. As an employee of a premier IT company, you may qualify for tailored lending solutions.
Personal Loan EMI Calculator
Get an Instant Personal Loan for Tech Mahindra Employees
An unsecured Personal Loan for Tech Mahindra employees offers quick access to funds when you need them most. Whether it’s for a medical emergency, home renovation, or travel, you can count on speed and transparency backed by Hero FinCorp’s trusted lending experience. What's more, you can get approval within minutes when applying online.
Why Choose a Personal Loan for Tech Mahindra Employees?
This personal loan product is specifically designed for salaried professionals working in Tech Mahindra. We acknowledge the creditworthiness of premier corporate employees and offer special financial terms. The loan offers the following key benefits:
Attractive Interest Rates
Enjoy special loan interest rates for salaried employees of Tech Mahindra.
Paperless Process
You only need to provide your KYC details when you apply online.
Collateral-Free Loans
No need to provide any security or collateral to avail the loan.
Higher Loan Amounts
Apply for a loan of up to Rs 5 Lakh for various planned and unplanned purposes.
Flexible Repayment Tenure
Select a repayment tenure of 12 to 36 months as per your financial planning.
No Hidden Charge
No surprises with transparent loan terms.
Online Application
Complete the entire loan process online.
Eligibility Criteria
To qualify for an urgent Personal Loan for Tech Mahindra employees, you only need to meet a few simple eligibility criteria. The process is designed for ease and accessibility. The eligibility criteria include:
| Factor | Requirement |
|---|---|
| Age | 21 to 58 years |
| Employment | Full-time employee at the current company |
| Monthly Income | Minimum Rs 15,000 |
| Work Experience | Minimum 6 months |
| Credit Score | A score of 700 or above is generally preferred for instant approval. |
Documents Required
The application process for an instant Personal Loan for Tech Mahindra employees is completely paperless. To apply for a Personal Loan, Tech Mahindra employees only need to provide basic Know Your Customer (KYC) details, which include PAN and Aadhaar numbers.
Interest Rates and Charges
We offer attractive interest rates for eligible applicants. Here is an overview of potential charges:
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting from 19% per annum |
| Loan Processing Charges | Minimum 2.5% + GST |
| Prepayment Charges | N.A. |
| Foreclosure Charges | 5% + GST (Applicable after a minimum lock-in period, as per RBI Guidelines) |
| 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 application does not charge any cancellation fees 2. Interest amount paid is non-refundable 3. Processing charges are also non-refundable |
How to Apply for a Personal Loan for Tech Mahindra Employees Online?
It is easy and fast to apply for an instant Personal Loan for Tech Mahindra employees. Here’s how to apply for a Personal Loan for Tech Mahindra employees:
- 01
Visit the website or download the loan app.
- 02
Click on the 'Small Personal Loan' tab and click on 'Apply Now'
- 03
Enter your mobile number and enter the OTP sent to your mobile to confirm identification.
- 04
Select how much loan you require, and for how long, according to your financial goals.
- 05
Finish the online KYC process to verify your eligibility.
- 06
Hit submit to apply. You'll receive approval, and the loan will be deposited into your account shortly thereafter.
Purpose of Taking an Instant Personal Loan for Tech Mahindra Employees
Personal Loans are unsecured and come with flexible usage. You can use a Personal Loan for Tech Mahindra employees for various planned or unplanned expenses, such as:
Wedding
Celebrate your big day stress-free.
Home Improvement
Maintain and renovate your home with the latest trends.
Travel and Vacation
Visit your dream destination with the funds from your loan.
Medical Emergency
Handle unexpected expenses with a Personal Loan.
Education
Use a Personal Loan to fund education for you or your child.
Debt Consolidation
Combine multiple loans into one easy EMI payment.
Lifestyle
Buy a gadget, appliance, or piece of furniture you want without paying the full cost at once.
You can read Personal Loan approval tips online to make your loan application process smoother and stress-free.
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Frequently Asked Questions
Some differences may include faster processing time, attractive interest rates, and flexible repayment tenures.
Eligible employees, based on their salary and credit profile, may be offered pre-approved Personal Loans.
To qualify for a Personal Loan, Tech Mahindra employees must have a minimum salary of Rs 15,000 per month.
The loan tenure for instant Personal Loan for Tech Mahindra employees ranges from 12 to 36 months.
No, you only need to provide your PAN and Aadhaar numbers for verification along with recent salary slips/bank statements as proof of employment and income.
Yes, a nominal processing fee applies to the Personal Loan, but there are no hidden charges.
A 5% + GST foreclosure charge applies, while there are no prepayment charges under the instant Personal Loan scheme.
We offer fixed interest rates on Personal Loans. This means the EMIs will always remain static and predictable.
No, taking a loan does not have an impact on your professional benefits from your employer.
EMI repayment for the Personal Loan for Tech Mahindra employees begins in the next month following the loan disbursement date.