Personal Loan in Allahabad

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Loan up to ₹5 Lakh
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Minimum Salary Required ₹15K
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Instant Approval
Personal Loan EMI Calculator

Monthly EMI

₹ 0

Interest Payable

₹ 0

Get Personal Loan in Allahabad With Quick Approval

Allahabad (Prayagraj), known for its vibrant culture, education hubs, and thriving industries, is a city full of opportunities. Whether you’re looking to fund your education, home renovation, medical emergency, or wedding, Hero FinCorp offers instant Personal Loans of up to Rs 5 Lakh in Allahabad with competitive interest rates starting from 19% p.a. and flexible repayment tenures. Apply online from the comfort of your home and get the loan approval within minutes without collateral requirement.

We Offer a Wide Range of Personal Loans!

Hero FinCorp offers a wide variety of Personal Loan options tailored to meet your specific needs. Whether you're planning a wedding, going on a vacation, or handling an urgent medical expense, we’ve got you covered.

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Personal Loan for Doctors

Enhance your medical practice in Allahabad and contribute to better healthcare with a Personal Loan for doctors.

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Personal Loan for Travel

Apply for an instant Personal Loan in Allahabad to cover your travel expenses with flexible repayment tenures of up to 36 months at competitive interest rates.

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Personal Loan for Wedding

Get a Personal Loan in Allahabad for wedding-related expenses instantly with minimum documentation.

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Personal Loan for Home Renovation

A Personal Loan for home renovation requires minimal documentation. Use it for repairing, painting, construction materials, and even labour costs.

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Personal Loan for Self-Employed

Hero FinCorp offers easy, quick, and instant Personal Loan finance in Allahabad at competitive interest rates.
 

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Personal Loan for Women

Female borrowers can obtain Personal Loans of up to Rs 5 Lakh based on their eligibility and repayment capacity.

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Personal Loan for Government Employees

Professionals in the government sector can obtain a Personal Loan in Allahabad without collateral.

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Personal Loan for Education

A Personal Loan for education at Hero FinCorp requires no collateral, guarantor, or security to finance your higher education.

Features and Benefits of Hero FinCorp Personal Loans in Allahabad

Personal Loans at Hero FinCorp are unsecured that you can take to meet your various financial needs. If you consider borrowing an instant Personal Loan in Allahabad, you must first understand its important features and benefits.

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High Loan Amount:

You can get between Rs 50,000 to 5 Lakh based on your eligibility and repayment capacity.

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Attractive Interest Rates:

Enjoy competitive personal loan interest rates starting from 19% per annum in Allahabad.

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Collateral-Free:

No need to provide collateral, deposit, or guarantor for the loan application or approval.

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Flexible Repayment Tenure:

Choose repayment tenure from 12 to 36 months as per your financial comfort.

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Instant Approval:

Get instant loan approval online through our website or mobile loan application.

Minimal Documentation:

Apply easily with a quick process and minimal documentation requirements.

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:

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Age

We can offer you a Personal Loan in Allahabad if you are between 21 to 58 years.

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Citizenship

You must be an Indian citizen to qualify for an instant Personal Loan in Allahabad.

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Work Experience

Salaried: A minimum of six months in the current organisation.
Self-employed: At least two years of experience in current business.

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Monthly Salary

To ensure repayment capacity, we have set the minimum income requirement at Rs 15,000 or above.

Documents Required to Apply for a Personal Loan in Allahabad

You must submit a few necessary documents to apply for an instant Personal Loan in Allahabad. Our documentation process does not involve any tedious paperwork. However, you need to submit a few documents to apply for a Personal Loan at Hero FinCorp, including your KYC, address proof, identity proof, income proof, and some additional documents. Ensure providing the correct documents and double-check them before submitting to let us process the application in the shortest possible time.

Since documentation requirements differ for salaried and self-employed individuals, submit appropriate documents according to your occupation.

Documents Required For Salaried Employee

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driver Licence, Passport, Aadhaar Card, Utility Bill

Documents Required For Self Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Proof of Business Existence

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

Interest Rates on Personal Loan in Allahabad

Hero FinCorp offers attractive interest rates based on your eligibility, credit score, and income. Before applying, review the interest rate and associated charges to ensure you get the best value for your financial needs.

Interest Rate

Starting from 1.58% per month

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. Our 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 Allahabad?

Here is a step-by-step guide to applying for a Personal Loan in Allahabad on the Hero FinCorp website:

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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 on ‘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

Frequently Asked Questions (FAQs)

Hero FinCorp offers Personal Loans starting at 1.58% per month. The final rate depends on your income, credit score, repayment capacity, and debt-to-income ratio.
Hero FinCorp is a preferred choice, offering instant cash loans with competitive interest rates, flexible terms, 100% digital processing, minimal charges, and reliable customer support.
At Hero FinCorp, repayment tenure ranges from 12 to 36 months, depending on your repayment ability.
EMIs depend on the loan amount, interest rate, and tenure. Use a Personal Loan EMI calculator to find a term with affordable monthly instalments.