Personal Loan for Self-Employed
Get up to Rs 5 Lakh to expand your business with a personal loan for self-employed with flexible terms and attractive rates.
Personal Loan in Cuttack
Loan up to Rs 5 Lakh
Minimum Salary Required Rs 15K
Instant Approval in 10 minutes
Personal Loan EMI Calculator
Get Personal Loan in Cuttack With Quick Approval
Cuttack is one of the oldest cities in Odisha. It has become famous for silver filigree crafts. With increasing cost of living, local residents often look for additional funds for various planned and urgent requirements. Hero FinCorp offers Personal Loans in Cuttack with attractive rates of interest and repayment terms of 12 to 36 months. Whether you are salaried or self-employed, if your monthly income is Rs 15,000, we can approve your loan in 10 minutes if you apply online.
We Offer a Wide Range of Personal Loans
Discover Hero FinCorp's dependable support for securing a Personal Loan in Cuttack. Our loans are tailored to address your specific needs and financial aspirations within the city.
Personal Loan for Women
Both salaried and self-employed female professionals can get a personal loan for women at competitive interest rates and favourable terms.
Personal Loan for Government Employees
If you are in a government job, you can get a personal loan for government employees with instant approvals and flexible repayment tenures.
Personal Loan for Education
Upgrade your qualifications with a personal loan for education and repay in equated monthly instalments (EMIs).
Personal Loan for Medical Professionals
Support your medical practice or studies with a personal loan for doctors that gets approved in 10 minutes online.
Personal Loan for Travel
Plan a hassle-free trip with a personal loan for travel that takes care of flights, hotels, and sightseeing.
Personal Loan for Wedding
Manage last-minute marriage-related expenses with a personal loan for wedding, which covers everything, from decorations to dresses and venue.
Personal Loan for Home Renovation
Upgrade your home interiors or facade with a personal loan for home renovation that can offer up to Rs 5 Lakh online.
Features and Benefits of Personal Loan in Cuttack
Unlock a hassle-free Personal Loan in Cuttack with attractive features from Hero FinCorp. We offer competitive interest rates, flexible repayment options, and instant approvals to meet your diverse financial needs.
Flexible Interest Rates
Take advantage of competitive rates for affordable repayments and lower borrowing costs.
Collateral-Free
Enjoy the ease of a collateral-free loan, simplifying application and speeding up approval.
Flexible Repayment Tenure
Access a flexible repayment schedule that aligns with your financial situation for easier management.
Instant Approval
Enjoy fast approval and immediate access to funds, meeting your financial needs without delay.
High Loan Amount
Access customized funds to pursue your dreams and build financial confidence.
Eligibility Criteria for Instant Personal Loans in Cuttack
To apply for a personal loan in cuttack, make sure you meet the eligibility requirements. at hero fincorp, the personal loan eligibility criteria are easy to fulfil.
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
Age
Applicant should be between 21-58 years
List of Documents Required to Apply for a Personal Loan in Cuttack
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 Month's 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 Cuttack
To apply for a personal loan in cuttack, it’s important to know the related costs. at hero fincorp, the personal loans 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 |
| 2. Interest amount paid is non-refundable | |
| 3. Processing charges are also non-refundable |
How to Apply For a Personal Loan in Cuttack?
Here’s how you can apply for a personal loan in Cuttack from Hero FinCorp online.
- 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)
Yes, you may get a personal loan in cuttack even with a low or poor credit score but the lender may not give you a larger loan amount or the best rates.
Personal loan interest rates may vary based on credit score and loan eligibility. Hero FinCorp’s interest rates start from 1.58% per month or 19% per annum.
In Cuttack, you can avail a personal loan with approval in less than 10 minutes when you apply on the Hero FinCorp app/website.
At Hero FinCorp, you can avail a personal loan with minimal documents like your KYC details and income proof.
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.