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No collateral needed—get Personal Loans without pledging property, gold, or other assets.
Personal Loan in Amritsar
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Calculate Your Personal Loan EMI
Get a Personal Loan in Amritsar with Quick Disbursal
Amritsar, the cultural and spiritual heart of Punjab, is one of the most vibrant cities in India. Known for its rich heritage, the Golden Temple, and an emerging industrial sector, Amritsar has seen significant growth in recent years. Whether you need funding for education, wedding expenses, or home renovation, Hero FinCorp can offer you a quick Personal Loan with a minimum monthly income of Rs 15,000. Our loans are available for amounts up to Rs 5 Lakh at attractive interest rates and flexible repayment tenures. The best part is that you can get loan approval in 10 minutes when you apply online.
Features and Benefits of a Personal Loan in Amritsar
At Hero FinCorp, we offer the best Personal Loan service in Amritsar with unique features like:
Flexible Repayment Tenure
Choose a repayment tenure of 12 to 36 months based on your monthly budget and affordability.
Instant Approval
Apply online and get instant loan approval—no agent or lengthy process required.
High Loan Amount
Get up to Rs 5 Lakh to manage weddings, education, travel, or urgent medical expenses.
Attractive Interest Rate
Enjoy competitive interest rates, starting from 1.58% per month, based on income, credit score, and repayment ability.
Eligibility Criteria for Instant Personal Loan in Amritsar
Hero FinCorp is the preferred personal loan provider in Amritsar with simple eligibility requirements. Any salaried or self-employed individual can apply instant personal loan online and get instant approval. However, ensure you meet our personal loan eligibility criteria.
| 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 Amritsar
At Hero FinCorp, the documentation requirements for a personal loan are minimal. It is better to know the essential documents required to ensure a smooth application process. Here is the list of documents.
Required Documents for Salaried Applicants
Proof Of Photo Identity
Driving Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport-Size Coloured Photograph
Proof of Income
Three Months Salary Slips & Six Months Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driving Licence, Passport, Aadhaar Card, Utility Bill
Required Documents for Self-Employed Applicants
Proof Of Photo Identity
Driving Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport-Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Interest Rates on Personal Loan in Amritsar
Hero FinCorp offers attractive interest rates based on your eligibility, credit score, and income. Before applying, review the personal loan interest rate and associated charges to ensure you get the best value for your financial needs.
| 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 Amritsar?
Here is a stepwise procedure to apply for an instant personal loan in Amritsar with Hero FinCorp:
- 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
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
★★★★★
Personal Loan in Amritsar Related Blogs
Frequently Asked Questions (FAQs)
You can fill up an application form through a lender like Hero FinCorp online by providing minimal documentation (KYC and Income proof) in order to get faster approval.
The best Personal Loan offer is from a lender with low interest rates, flexible tenures, involves minimal documentation and quick approval.
You can apply online or offline. If you apply with Hero FinCorp online, you can get your Personal Loan approved in less than 10 minutes.
You should be 21-58 years old, Indian citizen with an income of Rs 15000 per month and work experience as per your profession (salaried 6 months; self-employed 2 years).
Yes, you can get instant Personal Loans in Amritsar through the Hero FinCorp app. If you meet the loan eligibility criteria, you can get approved in 10 minutes.
The documentation requirement for a Personal Loan is generally minimal. You only need your KYC details and proof of income to apply with Hero FinCorp.
You can utilise the Personal Loan EMI Calculator on the Hero FinCorp website to compare different loan plans. You will need to specify the loan amount, interest rate, and repayment tenure.
The interest rate on a Personal Loan will depend on your credit score, debt-to-income ratio and lender policies. Hero FinCorp's interest rates start from 1.58% per month.
With Hero FinCorp, it takes less than 10 minutes to get your Personal Loan approved online!