Personal Loan EMI Calculator
The capital Tamil Nadu, Chennai is often known as India's cultural capital. The city boasts a glorious past and continues to embrace centuries-old traditions and culture with grace. But that is just one side of it. On the other, Chennai is a thriving ground for diverse businesses and is an important commercial and educational hub of South India. The city attracts a large number of students, salaried professionals, and entrepreneurs all year round. All these together drive the demand for Personal Loans in the city, explaining the popularity of numerous financial institutions and Personal Loan providers in Chennai. If you too are seeking a personal loan in Chennai that promises instant approval and minimal paperwork then contact Hero FinCorp today.
We, at Hero FinCorp, offer a wide range of instant loan for various purposes. Explore the options and choose the one that best suits you.
If you are a doctor in Chennai and need urgent cash for personal or professional needs, you can apply for a personal loan for doctors.
Hero FinCorp offers personal loans for travel to help make your trip perfect. Get them at competitive rates with quick approval and disbursal.
Apply online to get a personal loan for a wedding and finance different planned or unplanned wedding expenses.
Looking for a personal loan for home renovation in Chennai? You can get up to Rs 5 lakh to help you achieve your dream of building the perfect home.
Looking for a personal loan up to Rs 5 Lakh? Hero FinCorp can help! We offer competitive interest rates on personal loans for self-employed.
Personal loans for women provide hassle-free and quick funding to help female professionals achieve their goals.
Personal loans for government employees are available at attractive interest rates at Hero FinCorp, making them the most affordable funding option in the market.
Are you earning more than Rs 15,000 per month? Get an personal loan online for education in Chennai for higher education instantly.
Hero FinCorp's Personal Loan in Chennai has many more benefits than instant approval. Some of them are:
You can get a personal loan of up to Rs 5 Lakh online for various purposes online.
Personal Loans can be used for travelling, higher education, home renovation or any other personal use.
Personal Loans are unsecured loans, which means you do not need to provide any security or collateral.
Our Personal Loan interest rates start from 1.58% per month, making repayments manageable.
To apply for a personal loan in Chennai through Hero FinCorp, the following eligibility criteria must be fulfilled.
Your age should be between 21 and 58 years to apply for the loan.
You must be an Indian citizen.
Minimum work experience for salaried employees is 6 months, and 2 years for self-employed.
Your monthly income should be at least Rs 15,000.
At Hero FinCorp, we have minimal documentation requirements to apply for a personal loan in Chennai. These include your identity, address, income proof, and a few other documents. You don't need to visit our branch office to submit these documents. You can scan and upload the necessary documents online using our website or app. However, since the documentation requirements vary for salaried and self-employed individuals, gather the correct documents to complete the formalities. Go through the documentation requirements carefully.
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One)
Residence Ownership Proof (Electricity Bill, Maintenance Bill, Property Document)
Last 6 Months Salary Slips, Bank Statements, and Form 16
Duly filled application form, Passport-size photograph
Driving License, Passport, PAN Card, Aadhaar Card (Any One)
Driving License, Passport, Aadhaar Card, Ration Card, Utility Bill (Any One), Office Address Proof (if applicable)
Business Existence Proof (Tax Registration, Shop Establishment Proof, Company Registration Certificate)
Last 6 Months' Bank Statements and ITR for 2 Years
Our personal loan interest rates in Chennai start at 19% per annum. So, you don't need to worry about paying exorbitant charges in addition to the principal amount you borrow. Below, get informed about our personal loan interest rates and other applicable charges.
| 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 |
Get instant Personal Loan approval in Chennai with Hero FinCorp and that too at your leisure. To initiate your loan application, either visit our website or walk into our branch office in person.
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
You can calculate your EMI instantly using the personal loan emi calculator available on the Hero FinCorp website. You just require your loan amount, interest rate and repayment period.
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