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Personal Loan in Erode

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Loan up to ₹5 Lakh
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Minimum Salary Required ₹15K
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Instant Approval in 10 minutes
Personal Loan EMI Calculator

Monthly EMI

₹ 0

Interest Payable

₹ 0

Get Personal Loan in Erode With Quick Disbursal

Erode is a well-known city in Tamil Nadu, famous for its textile industry, turmeric trade and agriculture. As the city grows, so do the daily expenses, and many people now turn to Personal Loans to manage planned or sudden needs like education, medical treatment, or home repairs. 
Hero FinCorp provides Personal Loans in Erode of up to Rs 5 Lakh at competitive rates. You may choose a tenure of 12 months, 24 months or 36 months to repay your Personal Loan. If you have a monthly income of Rs 15,000, you can fill out the application on our website or app and get approval for a loan in 10 minutes!

We Offer a Wide Range of Personal Loans

At Hero FinCorp, we offer various types of Personal Loan finance in Erode specifically meant for different people’s needs. Our Personal Loan options for people in Erode are -

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Personal Loan for Doctors

Medical professionals can get a personal loan for doctors with instant approval and quick disbursal.

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Personal Loan for Travel

Whether you are an adventurer, backpacker, or explorer, fund your trips with personal loans for travel and repay the cost in easy EMIs.

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Personal Loan for Wedding

Handle all your wedding-related expenses with a personal loan for wedding and repay in monthly instalments.

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Personal Loan for Home Renovation

Apply now for Hero FinCorp’s personal loan for Home Renovation and put all your financial worries to rest.

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Personal Loan for Self-Employed

A personal loan for self-employed can provide up to Rs 5 Lakh for various personal or business-related needs.

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Personal Loan for Women

These personal loans for women are specifically meant for female borrowers looking for urgent funds to cover various expenses.

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Personal Loan for Government Employees

Those in government jobs can get a Personal Loan for Government Employees at attractive interest rates starting from 1.58% per month.

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Personal Loan for Education

A personal loan for education at Hero FinCorp ensures that your borrowed amount becomes your launch pad rather than a liability.

Features And Benefits of Hero FinCorp Personal Loan Erode

Know the features and benefits of Hero FinCorp Personal Loans before applying for a Personal Loan in Erode.

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High Loan Amount:

Rs 5 Lakh is sufficient to cover most urgent or planned expenses, including home renovation, education, medical bills, wedding expenses, or foreign travel.

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Attractive Interest Rates:

Personal Loan interest rates are reasonable and according to the applicant’s eligibility, income, repayment capacity, Debt-to-Income (DTI) ratio, etc.

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Collateral-Free:

Hero FinCorp provides unsecured Personal Loans without collateral, security, or guarantor requirements.

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Flexible Repayment Tenure:

We offer flexible repayment tenures of up to 36 months. A Personal Loan EMI calculator helps select a loan term with budget-friendly EMIs.

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Instant Approval:

100% digital loan procedure accelerates the process, making instant loan approval possible in today’s fast-paced world.

Eligibility Criteria for Instant Personal Loan in Erode

To apply for a personal loan in erode, ensure you meet the eligibility requirements. at hero fincorp, the eligibility criteria for personal loan are simple and easy to fulfil.

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Citizenship

You should be a citizen of India.

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Work Experience

Six months for salaried individuals and 2 years for self-employed individuals.

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Monthly Income

Applicant should at least earn a minimum amount of Rs 15,000 monthly

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Age

Applicant should be between 21-58 years

List of Documents Required to Apply for a Personal Loan in Erode

At Hero FinCorp, we have minimal documentation requirements that borrowers can complete from the comfort of their homes, or anywhere else. They can simply scan and upload the documents to apply for Personal Loan in Erode. However, the required documents vary based on your profession and employment. Since they are different for salaried and self-employed individuals, let's look at what you need to provide:

Documents Required For Salaried Employee

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Loan Application Form, Passport Size Photo

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Proof of Income

6 Months’ Salary Slips & Bank Statements, Form 16

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Job Continuity Proof

Appointment Letter from Current Employer

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Proof of Residence

Driving License, Passport, Aadhaar Card, Utility Bill

Additional Documents (Self-Employed Only)

N/A

Documents Required For Self Employed

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Proof Of Photo Identity

Driver’s Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income


Last 6 Months’ Bank Statements, ITR for Last 2 Years

Job Continuity Proof

N/A

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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 Rates on Personal Loan in Erode

Before applying, check out the personal loan interest rates and other charges. at hero fincorp, there are no hidden charges. here are the details.

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 Erode?

You can apply for a Personal Loan offline and online at Hero FinCorp. The offline method involves visiting the branch office, filling out an application form, submitting the necessary documents, and waiting for approval. On the other hand, the online application method does not involve any branch visits or paperwork. You can simply follow these steps to apply for a Personal Loan in Erode from the comfort of your home:

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  • 01

    Visit the Hero FinCorp website or install the personal loan app

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    Go to the Personal Loan page and click ‘apply now

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    Enter your mobile number and verify with the OTP received

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    Choose the loan amount you need

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    Verify your KYC details to check income eligibility 

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    Click ‘Submit’ to complete your application

Frequently Asked Questions (FAQs)

At Hero FinCorp, we support 100% digital loan procedures that make approvals possible quickly. Simply enter the required details, submit the necessary documents, and you are good to go.
You can borrow Hero FinCorp Personal Loan finance in Erode at different times and for varying purposes, including weddings, home renovations, travel, education, or medical emergencies.
When you apply for a Personal Loan at Hero FinCorp, you get a reference number that you can use to track your application status online. Or you can call our Personal Loan Erode contact number to talk to a customer care representative.

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.