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 ₹5 Lakh
Minimum Salary Required ₹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. Hero FinCorp provides Personal Loans in Baroda of Rs 5 Lakh for those earning Rs 15,000 monthly. You may apply online and get approval in as little as 10 minutes, with competitive rates and flexible 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 is eligibility criteria for Instant personal loans in Baroda, ensuring a smooth application process.
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.
Age
You should be between 21-58 years.
List of Documents Required to Apply for a Personal Loan in Baroda
To apply for a Baroda Personal Loan, applicants need to submit some required documents for a personal loan, ensuring a hassle-free application process.
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
Interest rates on Personal Loans in Baroda are competitive, starting from 1.58% per month, ensuring easy loan management for borrowers.
| Fees & Charges | Amount Chargeable |
| 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. 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 Baroda?
Hero FinCorp offers quick approval for Personal Loans 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
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Frequently Asked Questions (FAQs)
The eligibility criteria for a Hero FinCorp Personal Loan in Baroda include 21-58 years of age, Indian citizenship, and a minimum monthly income of Rs 15,000.
You can apply for a Personal Loan of up to Rs 5 Lakh in Baroda through the Hero FinCorp website or app.
The best Personal Loan offers ample amounts, attractive rates and flexible repayment tenures. For example: you can get a loan of up to Rs 5 Lakh at an attractive rate and flexible tenures with Hero FinCorp.
Just fill out an application form with your KYC (Know Your Customer) details and submit it with your proof of income online or at your nearest Hero FinCorp branch office.
The interest rate will depend on your credit score, debt-to-income ratio and the lender's rules. The personal Loan interest rate at Hero FinCorp starts at 1.58% a month or 19% per annum.
Yes, you might get a Personal Loan in Baroda even without a credit score, but the lender may not offer a higher loan amount or affordable rates.
You just need basic documentation, like your KYC details and income proof, to apply with online lenders like Hero FinCorp.
To avail a Personal Loan from Hero FinCorp, you should be 21 to 58 years of age with a monthly income of Rs 15,000 and required work experience (salaried: 6 months; self-employed: 2 years).
Your application for a Personal Loan on the Hero FinCorp app takes less than 10 minutes to get approved once you apply online.
You can avail of a Personal Loan of up to Rs 5,00,000 in Baroda for different purposes from Hero FinCorp.
Yes, Personal loans have a small processing fee that gets deducted at the time of processing the Personal Loan application.
Disclaimer
*Approval & Agreement: Loan approval is at Hero FinCorp's discretion. By applying, you agree to our Terms & Conditions, Privacy Policy, and Loan Agreement.
*Data Use: You consent to electronic processes and data use for loan assessment, as per our Privacy Policy.
*Security: Keep your account and device secure. Report our customer care for unauthorized activity immediately.
*Grievances: For concerns, refer to our Grievance Redressal Policy.
*EMI Payment: Refer to our T&Cs here*
*RBI Mandate: RBI requires transparent disclosures. Learn more from RBI.