Flexible Repayment Tenure
Align repayments with financial comfort using our flexible tenure.
Personal Loan in Bilaspur
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get Personal Loan in Bilaspur With Quick Approval
Bilaspur is one of the fastest-growing cities of Chhattisgarh. It is famous for its culture, heritage, educational institutions and industries. With rising living expenses, local people are now availing Personal Loans to fund their pre-planned and unexpected expenses. Hero FinCorp provides Personal Loans in Bilaspur of up to Rs 5 Lakh at attractive interest rates and flexible tenures of 12 to 36 months. With a minimum income of Rs 15,000 per month, both salaried and professionals can apply online and receive approval within ten minutes.
Features and Benefits of a Personal Loan in Bilaspur
Hero FinCorp Instant personal loan in Bilaspur offers a seamless financial journey:
Instant Approval
Experience swift approval for instant access to funds, eliminating waiting times and paperwork.
High Loan Amount
Access large sums instantly, empowering you to achieve your dreams with up to Rs 5 Lakh personal loans.
Attractive Interest Rate
Enjoy affordable monthly repayments with competitive rates, especially with a strong credit history.
Collateral Free
Simplify the application process by securing a loan without pledging collateral.
Eligibility Criteria for Instant Personal Loans in Bilaspur
Before applying for a personal loan in Bilaspur, make sure you meet the eligibility criteria. At Hero FinCorp, the personal loan eligibility criteria are easy to fulfil.
| Criteria | Description |
|---|---|
| Age | Applicant should be between 21-58 years |
| Citizenship | You should be a citizen of India. |
| Work Experience | Six months for salaried individuals and 2 years for self-employed individuals. |
| Monthly Salary | Applicant should at least earn a minimum amount of Rs 15,000 monthly |
List of Documents Required to Apply for a Personal Loan in Bilaspur
Do you want to apply for a Personal Loan in Bilaspur? Get your paperwork ready for a simple and quick process. The required personal loan documents at Hero FinCorp vary for salaried and self-employed applicants. Here’s a list of documents you’ll need.
Documents Required for Salaried Employee
Proof Of Photo Identity
Driving Licence, 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 Bilaspur
Discover affordable personal loan interest rates in Bilaspur, with annual rates starting from 19% per annum. You are not required to pay any additional fees over the amount you borrowed as principal. Check out our transparent pricing plan and learn more about the associated costs for a complete understanding.
| 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 Bilaspur?
Obtaining an instant personal loan online in Bilaspur is simple and fast with Hero FinCorp. Follow these steps for a smooth and efficient application process:
- 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
At Hero FinCorp, the minimum income requirement to obtain a Personal Loan in Bilaspur is Rs 15,000 only.
You do not need many documents for a Personal Loan. You can apply online with Hero FinCorp using your KYC details and proof of income.
Personal loan interest rates vary based upon your credit profile and loan eligibility criteria. The minimum rate on a Personal Loan at Hero FinCorp starts at 19% per annum or 1.58% monthly.
You can avail of a maximum Personal Loan amount of up Rs 5,00,000 from Hero FinCorp.
The loan tenure may vary from lender to lender. At Hero FinCorp, Personal Loans in Bilaspur come with a repayment tenure of 12 to 36 months.
Some lenders may charge prepayment penalties. At Hero FinCorp, there is no penalty on prepayment. You can contact the customer care for terms and conditions.