Personal Loan for Self-Employed
Entrepreneurs in Chittoor can utilise a personal loan for self-employed to cover various personal and business-related expenses.
Chittoor is a fast-developing city in Andhra Pradesh. It is well-known for its temples, agriculture and trading connections. With the cost of living going up, people often need extra money for planned or unplanned needs like home renovation, medical emergencies or weddings. Hero FinCorp provides Personal Loans in Chittoor with attractive interest rates and flexible repayment periods (12 to 36 months). Whether you are salaried or self-employed, if you have an income of Rs 15,000 per month, we can approve your loan in 10 minutes if you apply online.
Hero FinCorp stands as your trustworthy instant Personal Loan provider in Chittoor, offering diverse loans to match your needs:
Before applying for a Personal Loan in Chittoor, know its features and benefits to make an informed decision. These include the following:
You must check the eligibility requirements before applying for a personal loan in chittoor. at hero fincorp, the personal loan eligibility criteria are simple and easy to fulfil. here are the details:
Documentation is an important part of the loan application. being prepared with the necessary personal loan documents can help ensure a smooth and hassle-free application process. here’s a list of the essential documents.
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
Hero FinCorp determines the personal loan interest rates based on several factors, including your monthly income, DTI ratio, credit rating, existing financial obligations, employment, work experience, loan requirement, repayment tenure, etc.
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 |
The personal loan application procedure is quick, easy, and paperless at Hero FinCorp. These are the steps involved:
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
*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.