Attractive Interest Rates:
The Personal Loan interest rate in Calicut starts from 1.58% per month or 19% per annum.
Personal Loan EMI Calculator
Get Personal Loan in Calicut With Quick Approval
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.
Features And Benefits of Hero Fincorp Personal Loan Calicut
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.
Collateral-Free:
Our Personal Loans are unsecured, so you do not need to provide any security or collateral.
Flexible Repayment Tenure:
We offer loan tenures of 12 to 36 months. A Personal Loan EMI calculator can help you choose a suitable term.
Instant Approval:
You can get approval for a Personal Loan in 10 minutes when you apply online with Hero FinCorp.
High Loan Amount:
You can obtain a Personal Loan of up to Rs 5 Lakh for various planned and unplanned expenses.
Eligibility Criteria for Instant Personal Loan in Calicut
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 |
List of Documents Required to Apply for a Personal Loan in Calicut
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.
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 Kurukshetra
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 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 |
How to Apply For a Personal Loan in Calicut?
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:
- 01
Visit the Hero FinCorp website or install the personal loan app
- 02
Go to the Personal Loan page and click ‘apply now’
- 03
Enter your mobile number and verify with the OTP received
- 04
Choose the loan amount you need
- 05
Verify your KYC details to check income eligibility
- 06
Click ‘Submit’ to complete your application
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Frequently Asked Questions
Hero FinCorp is amongst the top private loan providers in Calicut. We offer ample loan amounts, attractive interest rates, flexible repayment tenure, 100% online loan procedures, minimal processing charges, and superior customer service.
The EMI of a Personal Loan can be made affordable using a Loan EMI calculator that lets you select a suitable tenure to get an EMI you can easily afford. A longer tenure means smaller EMIs, while a shorter tenure leads to bigger EMIs.
Personal Loan interest rates will vary based on credit score and loan eligibility. Hero FinCorp’s interest rates start from 1.58% per month or 19% per annum.
At Hero FinCorp, the documentation requirement is minimal. You only need your KYC details and proof of income.
Yes, you may get a Personal Loan in Calicut even with a low or poor credit score but the lender may not give you a larger loan amount or best rates.