Personal Loan in Baroda

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Loan up to ₹5 Lakh
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Minimum Salary Required ₹15K
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Instant Approval in 10 minutes
Calculate Your Personal Loan EMI

Monthly EMI

₹ 0

Interest Payable

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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.

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Personal Loan for Self-Employed

Get instant cash loans for various personal and professional needs with a Personal Loan for Self-employed.

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Personal Loan for Women

Salaried and self-employed females can get quick Personal Loans for Women online.

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Personal Loan for Government Employees

Those employed in the government sector can get instant Personal Loans for Government Employees without collateral.

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Personal Loan for Education

Pursue higher education without financial strain with our Personal Loan for Education.

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Personal Loans for Doctors

Medical professionals can use a Personal Loan for Doctors for both personal and professional needs.

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Personal Loan for Travel

Make dream journeys possible with our personal loan for travel.

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Personal Loan for Wedding Expenses

Cover all your wedding-related expenses with instant our Personal Loan for Wedding.

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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.

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Ample Loan Amount

Get ample loan amount of up to Rs 5 lakh for various purposes.

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Attractive Interest Rate

Enjoy competitive interest rates, starting from 1.58%*per month.

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Collateral-Free

No need to pledge any security or collateral to avail the loan.

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Flexible Repayment Tenure

Choose a repayment tenure of 12 to 36 months.

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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.

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Citizenship

You should be a citizen of India.

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Work Experience

Six months for salaried and 2 years for self-employed individuals.

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Monthly Income

You should have a minimum income of Rs 15,000 monthly.

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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

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Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

6 Months’ Salary Slips & Bank Statements, Form 16

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Job Continuity Proof

Appointment Letter from Current Employer

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Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

Additional Documents (Self-Employed Only)

N/A

Documents Required for Self-Employed

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Proof Of Photo Identity

Driving License, Passport, PAN Card, Aadhaar Card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

Last 6 Months Bank Statements, ITR for Last 2 Years

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Job Continuity Proof

N/A

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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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%* t&c Apply per month, ensuring easy loan management for borrowers.

Fees & ChargesAmount Chargeable
Interest RateStarting from 1.58% per month
Loan Processing ChargesMinimum 2.5% + GST
Prepayment ChargesN.A.
Foreclosure Charges5% + GST
EMI Bounce ChargesRs 350/-
Interest on Overdue EMIs1-2% of the loan/EMI Overdue Amount Per Month
Cheque BounceFixed Nominal Penalty
Loan Cancellation1. 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:

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  • 1

    Visit the Hero FinCorp website or install the personal loan app

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    Go to the Personal Loan page and click ‘apply now

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    Enter your mobile number and verify with the OTP received

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    Choose the loan amount you need

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    Verify your KYC details to check income eligibility

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    Click ‘Submit’ to complete your application

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.