Personal Loan for Self-Employed
Entrepreneurs can easily apply for a personal loan for self-employed at competitive rates, starting from 19% per annum.
Personal Loan in Burdwan
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get a Personal Loan in Burdwan With a Quick Approval
Burdwan is a city in West Bengal that is rich in culture and heritage. It is known for its historical sites, temples and cuisine. But with the increasing cost of living, local residents are now considering Personal Loans for their planned and unplanned needs. We, at Hero FinCorp, provide Personal Loans in Burdwan of up to Rs 5 Lakh with monthly interest rates starting from 1.58% per month and flexible repayment tenures (12 to 36 months). Both salaried and self-employed individuals with a monthly income of Rs 15,000 can apply online and receive approval in 10 minutes.
We Offer a Wide Range of Personal Loans
Get instant Personal Loans with minimal paperwork, quick approvals, flexible repayment options, and competitive interest rates to meet your financial needs.
Personal Loan for Women
Female borrowers, whether salaried or self-employed, can get a personal loan for women at attractive interest rates online.
Personal Loan for Government Employees
Those in government jobs can get a personal loan for government employees for any various purposes with collateral.
Personal Loan for Education
Residents of Burdwan can benefit from education financing options with our loan for education.
Personal Loans for Doctors
Medical professionals can take a personal loan for doctors for various personal and professional needs.
Personal Loan for Travel
Get quick and hassle-free personal loans for travel in Burdwan with a tenure of up to 36 months.
Personal Loan for Wedding
Get a personal loan for wedding of up to Rs 5 Lakh and handle marriage-related expenses without hassle.
Personal Loan for Home Renovation
A personal loan for home renovation can help you cover the cost of the repairing, painting, construction materials, and even labour.
Features and Benefits of a Personal Loan in Burdwan
Looking for a personal loan in Burdwan which can fulfil your financial needs? Look no further than Hero Fincorp! Our loans offer a range of perks which can make the borrowing process easier and stress-free.
High Loan Amount
With Hero Fincorp, you can avail of a loan amount of up to Rs 5 Lakh.
Attractive Interest Rate
We offer attractive interest rates which can make your monthly EMIs more affordable.
Collateral-Free
Our loans are collateral-free, so you don't have to worry about arranging any security for the loan.
Flexible Repayment Tenure
Hero FinCorp offers flexible repayment tenures that best suits your financial comfort.
Instant Approval Process
Our quick approval process ensures that you can get the funds you need quickly and easily.
Eligibility Criteria for an Instant Personal Loan in Burdwan
To get a personal loan, you need to meet certain eligibility criteria. Here are the major factors which determine your eligibility for a Personal Loan:
| 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 Burdwan
Obtaining an instant Personal Loan in Burdwan is a simple and stress-free 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 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 Burdwan
Our Personal Loan interest rates are starting from 19% per annum, similar to other cities. This means you don't have to worry about paying excessive fees on top of the amount you borrow. For more information on our personal loan interest rates and other applicable charges, please refer to the details below:
| 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 Burdwan?
Looking to get an instant personal loan in Burdwan? Hero FinCorp offers instant loan approval for our customers; here are the steps to follow:
- 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)
You can get approval in as little as 10 minutes when you apply on the Hero FinCorp website or app.
The maximum loan amount you can get from Hero FinCorp is Rs 5,00,000.
Yes, it helps lenders assess your creditworthiness for a Personal Loan. A good score can help you get the best terms.
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 from 19% per annum or 1.58% monthly.
You do not need many documents for a Personal loan. When you apply with Hero FinCorp online, you just need to provide your KYC details and income proof.
No, income proof is necessary for a Personal Loan application. You can provide your Form 16, income tax returns or bank statements.
Some lenders may charge a prepayment penalty. At Hero FinCorp, there is no penalty on prepayment, subject to terms and conditions.
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.
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.