Personal Loan EMI Calculator
Calicut or Kozhikode is a coastal city in Kerala. It is known for its rich cultural heritage and trading history. In case of instant cash needs, local residents often opt for a Personal Loan. At Hero FinCorp, you can avail of a Personal Loan in Calicut of up to Rs 5 Lakh, with approval in less than 10 minutes. Our loans come with competitive interest rates and tenures ranging from 12 to 36 months. Both salaried and self-employed professionals with an income of Rs 15,000 per month are eligible to apply online.
Personal Loans have become an inseparable part of people’s lives in the current technology-driven era. At Hero FinCorp, we offer personal loans of up to Rs 3 Lakh for your specific needs. Look at their features and benefits before applying.
The Personal Loan interest rate in Calicut starts from 1.58% per month or 19% per annum.
Our Personal Loans are unsecured, so you do not need to provide any security or collateral.
We offer loan tenures of 12 to 36 months. A Personal Loan EMI calculator can help you choose a suitable term.
You can get approval for a Personal Loan in 10 minutes when you apply online with Hero FinCorp.
You can obtain a Personal Loan of up to Rs 5 Lakh for various planned and unplanned expenses.
At Hero FinCorp, we have simplistic eligibility criteria for personal loan finance in Calicut. You should fulfil these conditions to apply for a loan at Hero FinCorp and get approval without hassle. Go through these conditions and ensure fulfilling them before applying.
| Criteria | Requirement |
|---|---|
| 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 Income | Applicant should at least earn a minimum amount of Rs 15,000 monthly |
At Hero FinCorp, the documentation requirements differ for salaried and self-employed applicants. Check out the essential Personal Loan documents to ensure a smooth application process.
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
6 Months’ Salary Slips & Bank Statements, Form 16
Appointment Letter from Current Employer
Driving License, Passport, Aadhaar Card, Utility Bill
N/A
Driving License, Passport, PAN Card, Aadhaar Card
Loan Application Form, Passport Size Photo
Last 6 Months Bank Statements, ITR for Last 2 Years
N/A
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Copy of Tax Registration, Shop Establishment Proof, Company's Registration Certificate
It’s better to know the loan costs before applying for a Personal Loan in Calicut. At Hero FinCorp, Personal Loan interest rates are competitive, and other charges are nominal.
| 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 |
At Hero FinCorp, we support a 100% digital loan procedure that you can complete from the comfort of your home. You don't need to leave your doorstep as you can cover each step from your device. Are you looking for a personal loan online in Calicut? Follow these steps to apply for one online:
Visit the Hero FinCorp website or install the personal loan app
Go to the Personal Loan page and click ‘apply now’
Enter your mobile number and verify with the OTP received
Choose the loan amount you need
Verify your KYC details to check income eligibility
Click ‘Submit’ to complete your application
