Personal Loan for Self-Employed
Get instant cash loans for various personal and professional needs with a Personal Loan for Self-employed.
Personal Loan in Baroda
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 Baroda Up to 5 Lakh
Baroda, also known as Vadodara, is a famous city in Gujarat with a rich cultural heritage and a vibrant atmosphere. The city has a mix of historical landmarks and modern amenities, including the majestic Lakshmi Vilas Palace and the tranquil Sayaji Baug.
As the city grows, so does the demand for easy access to finance and loans in Vadodara. Hero FinCorp offers Personal Loans in Baroda of up to Rs 5 Lakh to those earning at least Rs 15,000 monthly. You may apply for a digital Personal Loan online and get approval in as little as 10 minutes, with competitive interest rates and flexible loan tenures of up to 36 months.
We Offer a Wide Range of Personal Loans
Hero FinCorp offers a wide range of Personal Loans with attractive interest rates and flexible repayment tenures.
Personal Loan for Women
Salaried and self-employed females can get quick Personal Loans for Women online.
Personal Loan for Government Employees
Those employed in the government sector can get instant Personal Loans for Government Employees without collateral.
Personal Loan for Education
Pursue higher education without financial strain with our Personal Loan for Education.
Personal Loans for Doctors
Medical professionals can use a Personal Loan for Doctors for both personal and professional needs.
Personal Loan for Travel
Make dream journeys possible with our personal loan for travel.
Personal Loan for Wedding Expenses
Cover all your wedding-related expenses with instant our Personal Loan for Wedding.
Personal Loan for Home Renovation
Renovate or upgrade your living spaces without using your savings with a Personal Loan for Home Renovation.
Features and Benefits of Personal Loans in Baroda
Our Personal Loans are packed with various features and benefits that help you manage your loan without hassle.
Ample Loan Amount
Get ample loan amount of up to Rs 5 lakh for various purposes.
Attractive Interest Rate
Enjoy competitive interest rates, starting from 1.58%*per month.
Collateral-Free
No need to pledge any security or collateral to avail the loan.
Flexible Repayment Tenure
Choose a repayment tenure of 12 to 36 months.
Instant Approval
Get instant loan approval when you apply online.
Eligibility Criteria for Instant Personal Loans in Baroda
Here are the Personal Loan eligibility criteria for instant Personal Loans in Baroda, ensuring a smooth application process. Meeting the loan eligibility criteria and having a healthy credit score improve approval chances.
| Criteria | Requirement |
|---|---|
| Age | You should be between 21-58 years. |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried and 2 years for self-employed individuals. |
| Monthly Income | You should have a minimum income of Rs 15,000 monthly. |
| Credit Score | A score of 700 or above is generally preferred for instant approval. |
List of Documents Required to Apply for a Personal Loan in Baroda
No documentation is required when applying for a Personal Loan in Baroda. Hero FinCorp follows a paperless process. To apply, you only need your KYC details, including PAN number and Aadhaar, to complete the process smoothly.
Documents Required for Salaried Employee
Proof Of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
6 Months’ Salary Slips & Bank Statements, Form 16
Job Continuity Proof
Appointment Letter from Current Employer
Proof of Residence
Driving License, Passport, Aadhaar Card, Utility Bill
Additional Documents (Self-Employed Only)
N/A
Documents Required for Self-Employed
Proof Of Photo Identity
Driving License, Passport, PAN Card, Aadhaar Card
Mandatory Documents
Loan Application Form, Passport Size Photo
Proof of Income
Last 6 Months Bank Statements, ITR for Last 2 Years
Job Continuity Proof
N/A
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Additional Documents (Self-Employed Only)
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
Interest Rate and Charges for Personal Loan in Baroda
The loan interest rate depends on eligibility and repayment capacity. At Hero FinCorp, the Personal Loan interest rates in Baroda are competitive, starting from 1.58% per month, helping borrowers manage EMIs more effectively.
| 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 Baroda?
Hero FinCorp offers quick approval for Personal Loan online applications in Baroda. Here’s how you can apply for a loan online:
- 1
Visit the Hero FinCorp website or install the personal loan app
- 2
Go to the Personal Loan page and click ‘apply now’
- 3
Enter your mobile number and verify with the OTP received
- 4
Choose the loan amount you need
- 5
Verify your KYC details to check income eligibility
- 6
Click ‘Submit’ to complete your application
Types of Personal Loans Available in Baroda
In Baroda, Personal Loans are offered for specific needs, helping borrowers choose the right option easily:
- Personal Loan for Home Renovation: Helps cover repair, painting, or improvement work without using savings.
- Personal Loan for Education: Supports course fees, certifications, or skill development expenses.
- Personal Loan for Medical Emergencies: Useful for planned treatments or sudden healthcare costs.
- Personal Loan for Wedding: Manages wedding-related costs with flexible repayment options.
- Personal Loan for Travel: Covers travel bookings, accommodation, and related expenses.
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
★★★★★
Frequently Asked Questions (FAQs)
A CIBIL score of 700 or above is ideal. Applicants with low or no scores may also apply, subject to additional eligibility requirements.
Yes, self-employed individuals can apply for a Personal Loan in Baroda, provided they meet the eligibility criteria and provide the required details.
Yes, you can prepay or foreclose your loan. Hero FinCorp does not charge any prepayment fees, whereas foreclosure attracts a 5% charge plus GST.
EMIs are calculated based on loan amount, interest rate, and tenure. You can estimate monthly payments using an online Personal Loan EMI calculator.
The repayment tenure depends on eligibility and loan terms. At Hero FinCorp, you can choose a tenure of up to 36 months.
No, Hero FinCorp offers Personal Loans only to Indian residents.
Once approved, funds are usually credited quickly, usually within a few hours.
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