High Loan Amount
You can get between Rs 50,000 to 5 Lakh based on your eligibility and repayment capacity.
Personal Loan in Allahabad
Loan up to Rs 5 Lakh
Minimum Income Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get a Personal Loan in Allahabad With Quick Approval
Allahabad (Prayagraj), located in Uttar Pradesh, is known for its vibrant culture, education centres, and growing industries. Whether you are salaried or self-employed and need funds for education, home renovation, medical emergencies, or wedding expenses, Hero FinCorp offers a Personal Loan in Allahabad of up to Rs 5 Lakh. These loans come with attractive interest rates, starting from 1.58% per month, and flexible loan tenure options ranging from 12 to 36 months. You can apply online and get approval within 10 minutes, with a minimum monthly income of just Rs 15,000.
Features and Benefits of a Personal Loan in Allahabad
Personal Loans from Hero FinCorp are unsecured, meaning no collateral is required. These loans are designed to meet various financial needs and support a convenient, hassle-free loan experience. Check out the key features and benefits.
Attractive Interest Rates
Enjoy competitive personal loan interest rates starting from 19% per annum in Allahabad.
Collateral-Free
No need to provide collateral, deposit, or guarantor for the loan application or approval.
Flexible Repayment Tenure
Choose repayment tenure from 12 to 36 months as per your financial comfort.
Instant Approval
Get instant loan approval online through our website or mobile loan application.
Eligibility Criteria for Instant Personal Loan in Allahabad
At Hero FinCorp, we evaluate your personal loan eligibility in Allahabad based on several factors, including your age, income, work experience, credit score, financial obligations, etc. Following are the Personal Loan eligibility conditions that you must fulfil to improve your chances of approval:
| Criteria | Requirement |
|---|---|
| Age | Applicants should be between 21 and 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 | You should have a minimum income of Rs 15,000 monthly. |
List of Documents Required to Apply for a Personal Loan in Allahabad
Personal Loans involve minimal paperwork. With Hero FinCorp, there’s no need to submit physical documents. You only need your KYC details such as PAN and Aadhaar, linked to your bank account, to complete the loan application smoothly.
Documents Required For Self Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Income Proof
Last 3 Months Salary Slips, 6 Months’ Bank Statements, and Form 16
Ownership Proof
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Documents Required For Self Employed
Mandatory Documents
Duly filled application form, Passport-size photograph
Identity Proof
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Address Proof
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Ownership Proof
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Income Proof
Last 6 Months' Bank Statements and ITR for 2 Years
Interest Rates and Charges on Personal Loans in Allahabad
Hero FinCorp offers a competitive rate of interest based on eligibility, income, and credit profile. Reviewing the Personal Loan EMI and overall cost before applying helps you manage finances better.
| 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. The online loan app does not charge any cancellation charges |
| 2. The interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply For a Personal Loan in Allahabad?
Our loan application process is simple and convenient, designed to help you get the funds quickly. Here is a step-by-step guide to applying for a personal loan in Allahabad online:
- 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
Once approved, you will get the funds in your account within a few hours.
Reasons to Choose Hero FinCorp for Personal Loan in Allahabad
Here are some reasons why Hero FinCorp is a preferred Personal Loan provider in Allahabad.
- 100% online and convenient process with no branch visits
- Completely paperless process with no documentation required
- Fast approval, often within 10 minutes
- Quick disbursal to meet urgent expenses
- Competitive interest rates with transparent charges
- Ample loan amounts with flexible repayment options
- Dedicated customer support throughout the loan journey
- Loan usable for various purposes and lifestyle needs
What Our Customers 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
★★★★★
❝
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
★★★★★
❝
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
★★★★
❝
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
★★★★★
❝
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
★★★★★
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Frequently Asked Questions (FAQs)
At Hero FinCorp, we follow a paperless process. You only need your KYC details to apply for an instant Personal Loan online.
At Hero FinCorp, funds are generally credited within a few hours after approval.
Prepayment or foreclosure options are available, but charges may apply based on lender policies. Always check the loan terms before choosing early repayment.
Yes, based on your eligibility and credit profile, you can get pre-approved Personal Loan offers online.
At Hero FinCorp, you can apply for a Personal Loan in Allahabad if you have a minimum monthly income of Rs 15,000.
A higher CIBIL score improves approval chances and may help secure better interest rates, while a lower score can limit eligibility or affect loan terms.